
Evergrande Faces Final Chance to Avoid Liquidation by HK Court
Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer may be heading for another bleak milestone: liquidation.
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Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer may be heading for another bleak milestone: liquidation.
A normally sedate part of the debt markets used by the finance industry to transfer mortgage default risk has been roiled after insurer Arch Capital Group Ltd. called $1.7 billion of the securities at par when they had been trading at a premium.
The Upper West high-rise overlooking Berlin’s bustling Kurfürstendamm shopping boulevard is one of many glittering trophies in the portfolio of Rene Benko’s collapsing Signa, but its robust valuation reflects how much pain is in store in the cleanup of the real estate empire.
Housing prices in Sweden have resumed a decline as the Nordic nation’s economy is in a recession and borrowing costs continue rising.
Real estate finished November as the second best performing group in the S&P 500 Index adding 12%, trailing slightly behind tech’s 13% gain. The momentum was fueled by bets the central bank may begin cutting rates as early as next year.
Nov 14, 2023
BNN Bloomberg
,An award-winning home in British Columbia’s mountains designed by a renowned Canadian architecture firm has hit the market for just under $12 million.
Listing site Zoocasa calls the multi-geometric-shaped home an “architectural marvel.”
The home was designed by Patkau Architects, known for their work on the Audain Art Museum in Whistler, B.C. and the Capilano Library in Edmonton, Alberta.
The Hadaway House, located in Whistler’s Sunridge Plateau and just minutes from Whistler Village, won the 2008 Canadian Architect Award of Excellence. Its “striking geometric design” features elements of steel, wood, glass and concrete, Zoocasa said.
“With soaring ceilings, inspiring geometric folds and grand windows, the residence provides breathtaking panoramic views of Whistler valley from an unparalleled perspective in this award-winning residence,” the listing said.
“Indoor and outdoor living areas provide a diversity of unique spaces to host unforgettable gatherings, both large and small.”
The 4,497 square-foot home features three bedrooms and four bathrooms, Miele kitchen appliances, an office space, and a patio complete with a hot tub.
Stunning B.C. mountain views can be seen from the bedrooms as well. The master, located on the upper level, includes a large triangular corner window, while the other two bedrooms on the lower level feature horizontal strip windows that stretch the length of a wall.
See photos of the home below, courtesy of Whistler Real Estate Company Limited.