Core Insights - A terrace house in Redfern, Sydney, has doubled in value over five years, selling for AUD 4.405 million after being purchased for AUD 2 million in 2020 [1][3] - The owner, Fiona Johnston, CEO of Dentsu, invested AUD 400,000 in renovations in 2021, significantly increasing the property's value [3] - The redevelopment of the nearby Surry Hills Village has contributed to rising property prices in the area [3][10] Market Trends - There is a noticeable trend of buyers from Paddington moving to Redfern and Surry Hills for property purchases [8] - The current median house price in Redfern is AUD 1.9425 million, reflecting a 7% increase over the past year, while the median price for apartments has decreased by 7.7% [10] - The area has seen improvements in dining options, with six world-class restaurants now present, enhancing the neighborhood's appeal [6][10]

🚨JUST IN: LUXURY BROKERAGE CHRISTIE’S NOW ACCEPTS CRYPTO FOR REAL ESTATE PURCHASES ~ COINDESK ...

The annual rent a Midtown Manhattan co-op must pay for its ground lease looks set to skyrocket from $4.36 million to roughly $24 million. The 600% increase could push many residents to the brink and force the building into default. https://t.co/9c2hv5eteQ ...

Core Viewpoint - The article discusses President Trump's visit to the Federal Reserve, where he criticized the cost overruns of a renovation project and reiterated his call for interest rate cuts, indicating a potential political motive behind his criticisms of Fed Chairman Powell [1][6][8]. Group 1: Renovation Project - The Federal Reserve's renovation project, initially estimated at $1.9 billion in 2021, has ballooned to $2.5 billion, with Trump claiming it could be as high as $3.1 billion [1][2]. - The renovation involves updating infrastructure in two buildings constructed in the 1930s, which had never been renovated before [1]. - Trump criticized the project, comparing it unfavorably to a previous renovation he oversaw, which cost approximately $200 million [5]. Group 2: Interest Rate Discussion - Trump urged the Federal Reserve to lower interest rates, claiming that a reduction of 3 percentage points could save the government over $1 trillion annually [5]. - Financial analysts caution that lowering rates too soon could exacerbate inflation risks, which currently remain above the Fed's target of 2% [10]. - The Fed has maintained a cautious stance on interest rate cuts, with most economists predicting inflation rates to remain above 3% for the remainder of the year [10]. Group 3: Political Implications - Trump's ongoing criticisms of Powell and the Fed may be aimed at undermining Powell's credibility and justifying a potential dismissal [6][7]. - The political environment surrounding the Fed is tense, with Republican lawmakers also criticizing Powell, suggesting a coordinated effort to challenge his leadership [7]. - Analysts speculate that Trump's focus on the Fed's renovation costs serves to shift public attention from other issues, such as his legal troubles [9].

🇺🇸 LATEST: Christie's International Real Estate becomes first major US luxury brokerage to launch a dedicated crypto real estate division, allowing buyers to purchase properties entirely with cryptocurrency, per NYT. https://t.co/X0oFQnhQTq ...

JUST IN: Christie’s Real Estate launches a dedicated Bitcoin and crypto division https://t.co/dbeXezqidd ...

According to The New York Times, Christie’s International Real Estate has launched a dedicated crypto real estate division, becoming the first major U.S. brokerage to handle property transactions conducted entirely in cryptocurrency, without relying on traditional banks. https://t.co/fxeS8Qv5Jk ...

Christie's has launched a new division with $1B in luxury real estate - open to crypto offers only 💰Just a matter of time before all real estate will be purchaseable via crypto... https://t.co/wgeZCvn7bA ...

Financial Performance - Empire State Realty Trust's second quarter results were in line, but full year guidance was lowered [1] - The company delivered $24 million of NOI to the bottom line [4] - Leasing spreads mark to market were at 12.1%, marking the 16th consecutive quarter of positive leasing spreads [7] Observatory Business - The observatory experienced an unusual number of bad weather days on weekends, impacting performance [2] - Demand has been lower from past program business, predominantly international [2] - Revenue per person is up more than 2.3% [5] - Domestic visitors now account for a little more than 50% of visitors, a shift from pre-COVID levels where international visitors were approximately two thirds [5] Leasing Activity - 222,000 square feet of leases were signed in the Manhattan portfolio in the last quarter [7] External Factors - Concerns exist regarding the impact of potential policy changes and political climate on New York City's attractiveness to businesses and residents [9][10]

RT Advait Palepu (@advait_px)https://t.co/f84U63LWLBThe Adani family's privately held real estate firm Adani Realty has risen up the ranks of India's property market in just a few years. At the heart of its ambitious growth strategy is Mumbai and the multi billion-dollar redevelopment of Dharavi ...