Real Estate

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

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

Real estate insiders question how Trump fraud judge valued Mar-a-Lago

New York
CNN Business

A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%.

That finding, part of shocking ruling that found Trump and his adult sons liable for fraud, was just one of multiple examples in which Judge Arthur Engoron found the Trump real estate empire to have been grossly inflated in value.

But the Mar-a-Lago finding in particular is raising eyebrows among real estate and legal experts because of the metric Judge Engoron relied on: the county tax assessor’s appraisal value.

“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.

The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”

But it’s widely

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Real Estate

CBC's property holdings valued at over $444M: documents

Data provided in the response list 67 actively leased properties across Canada and in five in other countries

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The CBC owns nearly half a billion dollars in real estate holdings, according to recently released documents, with more than two-thirds of the value comprised of its expansive downtown Toronto broadcasting centre.

A response to a May 2023 order paper question submitted by Conservative MP Adam Chambers about the government-owned broadcaster lists 12 corporation-owned properties across the country, a portfolio worth $444,414,469.

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