Surfside Condo Collapse Site Sells For $120M To Trump Linked Developer

Fourth EstateIDF Aid Mission to Surfside condominium building collapse | IDF Spokesperson's Unit photographer

A Dubai billionaire and business partner of former United States President Donald Trump has bought the Surfside condo collapse site for $120 million. Hussain Sajwani, the owner of DAMAC Properties, was the only bidder for the site of the former …

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German Authorities Investigate Fraudulent Sale of Russian Property

Fourth EstateRussian Embassy Berlin - De-okin

German authorities have investigated a fraudulent sale of Russian property in Berlin involving a dentist who allegedly used a forged power of attorney to sell the land. Investigators said a 69-year-old Berlin dentist sold Russian-owned properties worth millions of euros …

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UK House Prices Slow From 18-Year High

Fourth EstateUK Tenements - Simon/Flickr

House prices in Britain have slowed down after having increased at its fastest pace in March since 2004, although its growth rate remained in double digits. Annual price growth in April slowed to 12.1 percent from 14.3 percent in March, …

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Kim Jong Un Gives North Korea’s Most Famous Newscaster a Luxury Home

Fourth EstateRi Chun Hi wih Kim Jong-Un - KCNA

North Korean leader Kim Jong Un gave Ri Chun Hi, the country’s most recognizable state media anchor, a luxurious residence on Thursday for serving as the “voice” of his ruling Workers’ Party. Along with co-announcer in the Central Broadcasting Committee …

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Mortgage Applications Decline as US Interest Rates on Mortgages Rise to 4.9%

Fourth EstateMortgage and Finance Site and app on mobile device - Austin Distel

The average interest rate on U.S. mortgages continued rising to record highs last week as the Federal Reserve signals an upcoming tightening of monetary policy to tame inflation. The 30-year fixed mortgage rate increased for the fourth consecutive week to …

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Italy Seizing Russian Oligarchs’ Yachts and Villas

Italian authorities have seized villas and yachts worth at least 140 million euros ($153 million) from four Russian oligarchs that were seen as close to Russian President Vladimir Putin and are subject to EU sanctions. A villa owned by billionaire …

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Evergrande Founder Hui Ka Urged to Use Personal Wealth On Company Debt

Beijing has told the founder of the embattled Evergrande group to use his own money to lessen the company’s massive debt after the company’s crisis brought attention to billions of his wealth. Authorities in China issued the directive after the …

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