Top 10 Real Estate News Today: Market Trends, Investment Updates & Property Deals | February 25, 2025
Published Date: 25th Feb, 2025
Apollo Global Management Acquires Bridge Investment Group for $1.5 Billion
Apollo Global Management has announced the acquisition of Bridge Investment Group Holdings in a $1.5 billion stock deal. This strategic move aims to bolster Apollo's real estate investment portfolio, increasing its assets under management in this sector to over $110 billion. Bridge's Executive Chairman, Bob Morse, will join Apollo as a partner, leading the real estate equity division. This acquisition aligns with Apollo's goal to reach $1.5 trillion in assets under management by 2029.
UK Commercial Property Sector Faces Potential Consolidation
The UK's commercial property sector is experiencing significant discounts to net asset values, making it a target for private equity and potential consolidation. Factors such as the rise of online shopping, remote work, and increased debt costs have led to institutional investors withdrawing from the market. This environment has prompted discussions about consolidation among smaller landlords to achieve better liquidity and cost efficiency.
Renée Zellweger's Former Los Angeles Estate Listed for $8 Million
Renée Zellweger's former Los Angeles estate is on the market for $7.995 million. The 10-acre property in Topanga Hills features a four-bedroom, five-bathroom Spanish-style residence with rustic wood-beamed ceilings and handcrafted Spanish tiles. The estate offers scenic meadows, private hiking trails, and panoramic canyon and mountain views, while being conveniently located near Calabasas, Malibu, and the Westside.
Concerns Raised Over Australia's Economic Reliance on Real Estate
A recent analysis highlights concerns about Australia's economy being heavily reliant on gambling, mining, and real estate sectors. Despite a high median net worth, the lack of diversification poses risks, with the real estate market being notably overvalued. This economic structure raises questions about sustainability and potential vulnerabilities in the face of global economic shifts.
Greenwich Condo and Co-op Market Remains Robust
Greenwich's condominium and co-op market continues to thrive, appealing to a diverse range of buyers including downsizers and seasonal residents. Recent data shows 67 condos sold in the past six months, with over half selling above the asking price. Notable listings include a three-bedroom townhouse at 33 Talbot Lane for $630,000 and a three-bedroom penthouse at 5 Putnam Hill for $899,000. Buyers are advised to consider factors such as rental policies, pet allowances, and parking availability.
Los Angeles Wildfire Victims Face Rebuilding Challenges
Homeowners in Los Angeles affected by recent wildfires are confronting difficult decisions: sell their damaged properties at a loss or undertake costly rebuilding efforts. Factors such as rising construction costs and predatory speculators complicate the situation. State interventions aim to protect victims from unfair offers and illegal rent hikes, but many, especially the elderly, are opting to sell due to the financial and emotional toll of rebuilding.
Texas Landlords Rush to Exploit Property Tax Loophole
Landlords in Texas are hastening to utilize a property tax exemption loophole before impending legislation closes it. Housing finance corporations in small communities are assisting private developers in eliminating property taxes on apartment complexes, leading to significant savings for out-of-state investors but increased tax burdens for local residents. Critics argue these exemptions yield minimal affordable housing benefits, highlighting disparities between market rents and affordable housing definitions.
Domain Group Considers Takeover Defense Amid CoStar Bid
Domain Group, majority-owned by Nine Entertainment, is evaluating a buyout proposal from US-based CoStar Group, offering $4.20 per share. In response, Domain has engaged UBS for takeover defense advice. CoStar has
Date: 25th Feb, 2025
