Portland Seth Koenig | BDN The Edward T. Gignoux U.S. Courthouse building in Portland as seen in this March 20, 2018, BDN file photo. Troy R. Bennett | BDN Former Portland real estate mogul Michael Liberty (center) leaves a federal courthouse in Portland on Thursday with attorney Thimi Mina (right) and an unidentified man after pleading not guilty fraud and money laundering charges. It's the latest development in more than two years of legal trouble for the man once called “Donald Trump with a Maine accent.” By Judy Harrison and Seth Koenig, BDN Staff • March 14, 2019 2:16 pm Updated: March 14, 2019 2:42 pm Former Portland real estate mogul Michael Liberty pleaded not guilty Thursday to federal fraud and money laundering charges, the latest development in more than two years of legal trouble for a man once called “Donald Trump with a Maine accent.” Liberty, 58, now of Windermere, Florida, and partner Paul E. … [Read more...] about Former Maine real estate tycoon pleads not guilty to fraud, money laundering charges
Tycoon real estate investing
Don’t believe the brochures. A Billionaire’s Row apartment can be a terrible investment. “One of the things that I struggle to wrap my head around is why people continue to park money in high-end New York real estate when it’s not a very lucrative asset class,” said Grant Long, senior economist at StreetEasy, a New York listing platform. “You just have to assume someone like Ken Griffin [who recently dropped a record-breaking $250 million on an apartment at 220 Central Park South] isn’t very interested in seeing his money back. An apartment like that isn’t liquid.” Roughly 16,000 apartments were bought and resold in New York from 2014 through 2018. Of those, 1,295 homes — 7.7 percent — sold at an outright loss. But a whopping 39 percent of the 66 luxury condos that were bought and resold in Midtown during this time lost money, according to a StreetEasy analysis of city Department of Finance records. In fact, across all … [Read more...] about These 1 percenters are NYC real estate’s biggest losers
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Jonathan Saltzman Globe Staff February 08, 2019 Happy families are all alike; unhappy families sue one another from California to New York.So might Tolstoy begin the saga of the family of Joel S. Marcus, the real estate tycoon credited with helping to turn Cambridge into one of the world’s biggest biotech hubs.Marcus, 71, cofounded Alexandria Real Estate Equities, a publicly traded real estate investment trust that builds commercial properties and leases them to life science companies. It owns and manages more than 22 million square feet of lab and office space across the country, including 4.8 million in Cambridge. Advertisement He’s also embroiled in a spectacular legal battle with his 40-year-old son. The eldest of three children, Steven Marcus lives in London and has started a rival British real estate company that also plans to house life … [Read more...] about Real estate tycoon’s investment trust sues his son — and he responds in kind
Masayoshi Son, Adi Tatarko, Warren Buffett, Kamala Harris and Ben Caballero. Kaitlyn Flannagan for Observer If a person’s home is their castle, then the 59 people we chose to profile for our 2018 Residential Real Estate Power List are the castle-builders, the castle-keepers, the castle-owners—in short, the most influential and powerful people currently shaping the U.S. residential real estate industry.Of course we looked to hard numbers to identify the biggest, the most prolific, and the richest. But while diving into this sprawling industry worth some $31.8 trillion, some themes emerged. A crucial issue of the day is the affordable housing crisis, and some of our power players are working tirelessly to address it. Sustainability has also become an, um…evergreen issue, and plenty of our subjects spend their days in that arena.We included some who consider themselves disrupters, and those who are funding them, as well as researchers and academics, media who stoke … [Read more...] about 2018’s Most Powerful People in Residential Real Estate
We know Tyra Banks as a host and model. But the multi-talented L.A. native has another skill up her high-fashion sleeve: She’s a real estate wheeler-dealer. Claudine Zap, provided by Published 3:00 am PDT, Thursday, July 12, 2018 Photo: Andrew Eccles/NBC/NBCU Photo Bank Via Getty Images; Realtor.com Image 1of/1 CaptionClose Image 1 of 1 Photo: Andrew Eccles/NBC/NBCU Photo Bank Via Getty Images; Realtor.com Could Tyra Banks Become America's Next Top Real Estate Tycoon? 1 / 1 Back to Gallery We know Tyra Banks as an acclaimed supermodel. And also as the smiling face behind “America’s Next Top Model,” current host of “America’s Got Talent,” and even as a Stanford professor. But the multitalented Los Angeles native has yet another skill up her highly fashionable sleeve: … [Read more...] about Could Tyra Banks Become America’s Next Top Real Estate Tycoon?