Infomercial king pitches his Santa Barbara ranch

Inventor and infomercial king Ron Popeil’s latest pitch is for his 150-acre Santa Barbara ranch with seven miles of trails. But wait, there’s more. Popeil, whose Ronco company manufactured and sold various cooking devices and kitchen accessories, is asking $4.9 million for the sprawling property that includes a two-bedroom home and 800 olive trees, according to the Los Angeles Times. He paid $2.1 million for the property in 2007. The ranch centers on the 1800s-era

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For some employees, WFH now includes a view of the Mediterranean

As winter nears and coronavirus infections spike in the U.S. and parts of Europe, some workers are heading for warmer, more remote climes. Those fortunate Europeans and Americans — but not ultra wealthy — are leaving cities like Paris, London and New York for locales around the Mediterranean, according to the Wall Street Journal. Besides the weather, some destinations have the added benefit of a lower cost of living. Jennifer Babin, whose employer is based

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Here’s how South Korea plans to create 100K units of housing

The South Korean government wants to convert empty hotels and office buildings into over 100,000 residential units over the next two years. The effort is meant to address concerns among residents about rising rents and supply shortages, according to CNBC. The government wants to create 114,000 units of one-person public housing through the program. “You all will be able to see hotels turning into affordable, high-quality, single-family homes,” said Kim Hyun-mee, minister of Land, Infrastructure

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Fake Kardashian home in Studio City gets price bump

The Los Angeles house that stood in for Kris Jenner’s home on “Keeping Up With The Kardashians” is back on the market with a new, higher asking price. The 7,843-square-foot home first listed in June, asking $7.8 million; now, that ask is up to $8 million, according to the New York Post. The property has been on and off the market for the last decade. It last sold in late 2018 for $5.3 million, and

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$16M townhouse sale sets Brooklyn record

Pharmaceutical investment mogul Behzad Aghazadeh set a record in Brooklyn with his purchase of a townhouse and carriage house for a combined $16 million. The Brooklyn Heights buys closed in May but weren’t recorded until Nov. 13, according to the New York Post, which first reported on the deasl. Both were off-market purchases. Aghazadeh wants to combine the two properties into one megamansion. He purchased the landmarked 81 Pierrepont Street brownstone for $12.5 million and

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Pablo Escobar’s former Miami Beach property sells for $11M

The waterfront Miami Beach lot once home to Colombian drug lord Pablo Escobar in the 1980s now has a new owner. Chicken Kitchen founder Christian de Berdouare and his wife, former local news anchor Jennifer Valoppi, sold the 30,000-square-foot property at 5860 North Bay Road to developer Jarrett Posner, founder and chairman of New York City-based BMC Investments, for $10.95 million. Mirce Curkoski and Albert Justo of One Sotheby’s International Realty represented the sellers, while

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Pharrell’s Billionaire Boys Club to open store in Wynwood

Billionaire Boys Club plans to open a store in Miami’s trendy Wynwood neighborhood. The Pharrell Williams-owned clothing brand inked a lease for 5,700 square feet at 2545 Northwest Third Avenue in a building that formerly housed a wholesale shoe company, according to a release. The site is across from Zak the Baker, Walt Grace Vintage and the Wynwood Garage. Lease terms were not disclosed. The store is expected to open in late 2021, according to

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Vornado halts sale of office towers co-owned with Trump

Vornado Realty Trust has suspended its efforts to sell two trophy office towers that it co-owns with the Trump Organization. The real estate investment trust has been looking for a buyer for its 70 percent stake in the buildings, located at 1290 Sixth Avenue in Manhattan and 555 California Street in San Francisco’s Financial District. Vornado was hoping to sell the properties for around $5 billion, the Wall Street Journal reported. If the buildings had

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Something to believe in: Poison’s Bret Michaels returns to Calabasas

Poison’s Bret Michaels has closed on a new home in Calabasas, a month after the singer sold his Westlake Village property. Michaels paid $4.8 million for his new half-acre property in the guard-gated community Oaks of Calabasas, according to the Los Angeles Times. The custom house totals 6,000 square feet and is contemporary in style with large windows, wide-plank floors, and mostly white furnishings. The back of the home opens to a covered patio and

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Massive Gowanus development will be 100% affordable

Gowanus Green, a massive residential complex planned for the industrial Brooklyn neighborhood, is going fully affordable. The de Blasio administration announced Thursday that the complex’s 950 residential units will all be below-market-rate, Crain’s reported. Previously, around 26 percent of its units were due to be reserved as market-rate. “Given the dwindling supply of city-owned land, especially in high-opportunity neighborhoods such as Gowanus, the city decided to maximize the amount of affordable housing we can create

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