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Is Germany heading toward a housing bubble?

German home prices have climbed by about 60 percent since 2010, and the unprecedented rate of growth is stoking concerns of a housing bubble. Berlin, for example, recently came in atop a list compiled by Knight Frank in the fourth quarter of last year of the globe’s top 150 residential...

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How do you say “second home” in Italian?

Americans are increasingly looking overseas toward Italy when it comes to buying a second home. U.S. buyers made up 11.3 percent of foreigners who inquired about buying high-end homes in Italy during the first quarter of the year, according to a Knight Frank report cited in the Wall Street Journal....

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NYC’s middle class grows further apart

The rich get richer and the poor get poorer, so the saying goes. And in New York City, the upper middle class gets more upper and the lower middle class gets lower. The Big Apple ranked No. 6 among the Top 10 U.S. cities where the gap between both ends...

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Toronto developers pulling out of pre-sold condo projects

Toronto’s condominium developers are pulling the plug on projects with significant numbers of pre-sales as construction costs climb and home values continue to rise. Developers in Canada’s largest city are typically required to pre-sell 70 percent of a project’s units in order to financing. But construction costs have risen since...

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Wellness is the newest luxury amenity

Home buying is often an emotional decision, and now it’s increasingly becoming a mindful one. Developers are tapping into the market for wellness real estate by including amenities like open-air yoga studios, medicinal gardens with calming herbs and meditation courtyards, the Wall Street Journal reported. “Mindfulness is paying attention-it’s being...

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Popular ‘Hummus Republic’ Launching Major National Expansion

LA-area fast casual Mediterranean eatery plans to go big in 2018 (RestaurantNews.com)  With customer lines “out the door” and a business concept proven by the success of its two locations, popular LA-area Mediterranean/healthy eatery Hummus Republic has announced plans to expand nationally. “We will be opening our first franchised store...

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I Heart Mac & Cheese’s First Franchise Unit Opens

With eyes on expansion, the next franchises to open are in New York, South Florida Boca Raton, FL  (RestaurantNews.com)  I Heart Mac & Cheese, a fast-casual concept specializing in customizable, made-to-order macaroni and cheese, grilled cheese and salads, has announced it has awarded its first Area Development Agreement for the...

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Developer files plans for 29-story hotel near Bryant Park

A 29-story hotel is coming to the Bryant Park area. Developer Wei Hong Hu filed plans for a 41,469-square-foot structure at 58 West 39th Street on Friday. The Great Neck-based developer, who could not immediately be reached for comment, bought the site, currently a five-story building, for $25.2 million in...

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