House to Biden: Seize and sell Russian real estate
The House of Representatives has an idea of what to do with seized Russian real estate: sell it. The...
Russia
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Search and seizure: oligarch edition
Well over a month into Vladimir Putin’s invasion of Ukraine, the West’s response has left Russia in a financial mess. Well-heeled Russians seen as enablers of the Kremlin were hit with sanctions in an...
Russia’s war stalls US real estate deals
Long before Russia invaded Ukraine, supply chain challenges were driving up construction costs and inflation concerns were setting the stage for higher mortgage rates. Now, just as recovery from the pandemic seemed within reach,...
Chicago
Hyatt, Hilton announce pause on new development in Russia
UPDATED March 9, 2022, 5:58 p.m.: Any new hotels built in Russia won’t be branded as Hiltons or Hyatts...
Hines’ Russian assets among commercial stakes imperiled by Ukraine invasion
As Russia’s invasion of Ukraine nears the two-week mark, shockwaves from the war are reaching major commercial players with...
Major CRE firms back away from Russia
UPDATED, March 8, 10:45 a.m.: Commercial real estate firms have joined the mass of companies suspending operations in Russia following Vladimir Putin’s invasion of Ukraine. Knight Frank and Savills have suspended operations in the country,...
Weekend Edition
Red scare: Wealthy Russians fear asset seizures over war
They’re rushin’ to sell their real estate. Wealthy Russians who own property in the United States are looking to...
As Russians seek a haven for assets, access to U.S. real estate won’t be easy
News reports from Russia this week show people lining up at ATMs and banks in a rush to withdraw...
Here’s where wealthy Russians have owned trophy real estate in the US
As sanctions intensify against Russia in response to its invasion of Ukraine, so has scrutiny of Russian wealth in...
Weekend Edition
High in the sky: Europe’s tallest penthouse hits market
The tallest penthouse in Europe has hit the market, and it’s so big the buyer may never need to...
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