Category Posts : Real Estate

Mall Giant Westfield Corp Adding Apartments to Portfolio

Real Estate / November 8, 2016

Westfield Corporation is best known for it’s high-end shopping malls. They currently have malls in the UK, US, and Italy. The 35 malls comprise almost 6,500 retail shops which produced $16 billion in sales for 2015. They are now (slowly but surely) entering into the residential real estate development arena. Can a company known for delivering a quality, high-brow, retail experience to consumers, also provide the comfort, safety, and convenience of home-life? New Growth Potential According to their own website, Westfield is eager to polish their portfolio by, “…exploring opportunities in new markets.” This year, Westfield has been approved to build apartment complexes in the UK and the US. While …..

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Secure Your Retirement With Rental Properties

Real Estate / October 27, 2016

Retirement can be some of the best years of your life if you have planned for it properly. By proper planning, think mainly about your financial situation in retirement. Way too often people will work their entire lives only to realize they do not have enough income to truly enjoy their retirement and will have to keep working in order to simply pay their bills.  I.R.A. and a 401k type retirement accounts will certainly be a big part of your retirement income but the one retirement strategy that never fails and has worked for many is to invest in real estate early in life. Why Rental Property? There are several …..

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History of Westfield Corp

BusinessReal Estate / August 9, 2016

History Founded by John Saunders and Frank Lowy, Westfield Corp originated in the western suburbs of Sydney, Australia in July of 1959. It was floated on the Australian Stock Exchange in 1960 and expanded into New South Wales (where it has 5 centres), Victoria, and Queensland. In 1977, it set up shop in the U.S, and by 2005, it had centres in 15 U.S. States throughout the country. In the 1990s, the company bought and rebranded Fletchers stores in New Zealand. In 2007, Westfield opened a new New Zealand centre. It is still listed on the Australian Stock Exchange, but split into two entities (Scentre Group and Westfield Corp). It …..

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The Salary You Need to Afford a Home in These 25 Cities

Real Estate / April 7, 2016

The average American needs to make a little over $51,000 a year to afford the median-priced home—including principal, interest, taxes and insurance—in the U.S., a study released this week by mortgage information website HSH.com. This assumes the buyer has good to excellent credit (and thus would get a mortgage interest rate—depending on location—of around 4%), put down 20% and would be spending no more than 28% of income on principal and interest.

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