Real Estate

The luxury real estate portfolio of the looters of Venezuela’s state oil company: 21 homes valued at $52 million | International

03/11/2023

Luxury homes, penthouses and apartments in dream skyscrapers. The former Chavista leaders – who looted more than $2 billion from Petróleos de Venezuela, SA (PDVSA) – put some of their ill-gotten gains in a real estate portfolio of 21 exclusive properties, which are valued at around $52 million. This is according to a confidential report from the Financial Intelligence Unit of Andorra (UIFAND), to which EL PAÍS has had access.

The criminal network made these investments while carrying out the looting of the state-owned oil company between 2007 and 2012. This was done through the organization’s alleged frontman, Luis Mariano Rodríguez Cabello. And, through several shell companies (none registering activity), the businessman – according to his testimony – purchased 19 luxury homes in Venezuela between 2008 and 2014. These properties were priced between $304,000 and $5.5 million.

Rodríguez Cabello used his 11 accounts in the Banca Privada d’Andorra (BPA) –

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Real Estate

Inside Kylie Jenner’s $80 Million Real Estate Empire

29/10/2023

2017

The next year, Kylie purchased a 1.37-acre plot of land next to one of her mansions for $5 million. The plan, according to reports, was to convert the vacant lot into a barn for horses or to plant plentiful gardens. Neither of those two visions were ever realized, however, and Kylie sold the plot for $5.5 million one year later.

2018

Instead, Kylie and then partner Travis Scott purchased a $13.5 million Beverly Hills mansion together eight months after the pair welcomed Stormi. The luxurious, modern pad was originally built in 1971 but underwent a complete overhaul in 2016. Situated at the end of a long, gated driveway, the residence boasted six bedrooms and nine bathrooms spread across two floors and 9,680 square feet. In contrast to the monochromatic theme of Kylie’s starter home and the glitzy luxury of her Hidden Hills mansion, this stylish Beverly Hills pad

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Forec

Frankie Valli Sells Los Angeles Condo for $2.55 Million

23/07/2023


Frankie Valli, lead singer of the rock ’n’ roll group the Four Seasons, has sold his Los Angeles condo for $2.55 million, about the same price he paid for it in 2009.

The 89-year-old singer listed the three-bedroom Westwood condo for $3.195 million last year before reducing the asking price to $2.6 million in June, according to listing agent Stephen Udoff of Coldwell Banker Realty. 

Valli is known for 1960s hits such as ‘Walk Like a Man.’


Johnny Nunez/Getty Images

The buyers of the roughly 3,200-square-foot condo were retired doctor Joseph Kahn and his wife, Bette O’Banion Kahn, according to their agent, John Barrentine of Keller Williams Larchmont. The Kahns couldn’t be reached for comment, but Barrentine said they are moving from another high-rise building in L.A. to have more room to host their grandchildren. He added that the Kahns are lifelong Frankie Valli fans and were “thrilled to learn

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Real Estate

$2.8 million for a Beaconsfield Village century home hidden by a wall of greenery

08/07/2023

House of the Week: $2.8 million for a Beaconsfield Village century home hidden by a wall of greenery

The 3,000-square-foot Victorian comes with period pieces, dramatic beams and arches, beautiful barn boards, and a hidden pool in the backyard

Neighbourhood: Beaconsfield Village
Price: $2.8 million
Last sold for: $327,000 in 2006
Size: 3,000 square feet
Bedrooms: 3
Bathrooms: 3
Agent: Suzanne Senst, Royal LePage

The place

A three-bedroom, three-bathroom century home on Argyle Street in Beaconsfield Village. Sitting on a 26-foot-wide lot, it comes with a pool, a lush garden and an addition overlooking the backyard. It’s also within walking distance of Little Portugal, Trinity Bellwoods Park and the many amenities of West Queen West.

The history

Built in 1898, this Victorian was purchased in 2006 by Michelle Donnelly, a creative director, and her husband. The house was crumbling to the ground at the time, so the two brought on

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Real Estate

ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES $186.7 MILLION OF NEW MORTGAGE FINANCING AND PROVIDES UPDATE ON $121.7 MILLION OF CANADIAN ASSET SALES AND US$117.6

09/06/2023

WINNIPEG, MB, June 8, 2023 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced today that it has obtained new mortgage financing in the amount of $186.7 million and provided an update on property disposition activity since March 31, 2023.

Artis Real Estate Investment Trust Logo (CNW Group/Artis Real Estate Investment Trust)

The REIT executed the following transactions during the second quarter of 2023:

  • obtained new mortgage financing on previously unencumbered properties in the amount of $186.7 million;

  • closed on the previously announced sale of four properties in Canada for an aggregate sale price of $79.6 million and one property in the U.S. for US$28.9 million; and

  • following disclosure of Q1-2023 results on May 11, 2023, entered into unconditional agreements to sell one property in Canada for a sale price of $42.1 million and seven properties and one parcel of

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