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| February 22, 2019

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Apartments Archives -

California’s housing shortage has companies carving up apartments to lower the rent

November 25, 2018 |

When Christopher Cacho is home, the 23-year-old data specialist doesn’t do much out of the ordinary. He may run a computer analysis at his desk, play a video game or lie down with a good book.

But when he does, he’ll do it from a roughly 11-by-8-foot space that’s cordoned off by a foldable tan…

L.A. Times – Business

Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro

June 8, 2018 |

Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro

This week three luxury apartments located in Budva, Montenegro sold for 420 BTC (3.2Mn USD) according to Notary Office and the firm Astra Montenegro Investment Association (AMIA). Furthermore, the AMIA has been successfully promoting the use of digital currencies in Budva and has convinced the neighboring Dukley hotel, Beach Lounge, and Marina to accept BTC.

Also Read: Mike Hearn’s Crowdfunding Project Has Been Resurrected — Meet

Montenegro Real Estate, and Three Establishments Welcome Cryptocurrency Acceptance

Three apartments have sold in the region of Budva, Montenegro, a country located in Southeastern Europe. The luxury apartments were located near the coastal area on the Adriatic Sea and the region is well known for its tourism. According to AMIA executive Nila Emilfarba and the Notary Office, the living quarters were sold for approximately 420 BTC. The Dukley Gardens sale is also just part of Budva favoring digital currencies.

Emilfarba says the sale was the biggest so far for the country and the firm has been persuading merchants in Budva to accept digital currencies. In addition to being able to purchase real estate, Emilfarba and AMIA have also convinced the Beach Lounge restaurant, Dukley hotel, and the Dukley Marina to accept BTC as well.

“Our company, unlike many who have doubt in cryptocurrency, is the first in the region that started selling real estate for the cryptocurrencies,” explains the AMIA.

We acquired brand new clientele — In the world, and especially in Europe, there is only a limited number of real estate that can be bought with BTC.

Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro
The apartments purchased with BTC were located in The Dukley Gardens but the Beach Lounge restaurant, Dukley hotel, and the Dukley Marina also accept BTC. 

The Apartment Sales Were Closed Quickly and Witnessed by the Budva Notary Office  

One of the customers was a 25-year old native from France explained the settlement process was quicker than traditional residential closings. The sale was witnessed by the Budva Notary, Pantović’s Law office, and attorneys from Prelević’s Law. After the official papers were signed and the BTC was transferred the funds were immediately converted to Euros.

Real estate purchases using cryptocurrency has been a trend that’s been growing in number since early 2017 when digital assets reached all-time price highs. These large transactions have been taking place in Miami, Amsterdam, Dubai, Manhattan and all over the world. With three establishments and real estate being sold for cryptocurrency it looks like Montenegro is becoming a friendly region in regard to the digital asset economy.

What do you think about the three apartments in Budva, Montenegro being sold for BTC and the three establishments accepting the cryptocurrency for services? Let us know your thoughts on this subject in the comment section below.

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The post Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro appeared first on Bitcoin News.

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Americans’ declining economic mobility is reflected yet again in fewer moves into new houses and apartments

December 28, 2017 |

Despite a long recovery and record streak of job growth, the share of Americans moving to a new location continued a steady decline in 2017, reaching a new post-World War II low, an indicator of a less mobile workforce that reflects both an aging society and economic problems facing younger workers.

L.A. Times – Business

Park La Brea apartments loses $3.5-million bedbug lawsuit, lawyer says

December 17, 2017 |

Sixteen former and current residents of one of Los Angeles’ largest apartment complexes have won a $ 3.5-million verdict over an infestation of bedbugs in their units, according to their lawyer.

Park La Brea Apartments, a sprawling complex with more than 4,000 units in the Miracle Mile District,…

L.A. Times – Business


Where you pay $900K just to view apartments

November 17, 2017 |

At one Hong Kong apartment complex, it will cost you close to $ 1 million to just get your foot in the door. – RSS Channel – World

Brand-new Sunset Strip apartments to become deluxe extended-stay hotel

June 28, 2017 |

A just-completed apartment complex on the Sunset Strip in West Hollywood has been sold to a Pennsylvania developer that plans to convert the property into a luxury extended-stay hotel.

The 190 apartments at 8500 Sunset Blvd. are part of a more than $ 300-million development covering two blocks on…

L.A. Times – Business

‘Trump Place’ Apartments Are Getting a New Name

November 16, 2016 |

Three luxury apartment buildings in New York City are having their names changed because residents don’t want to be associated with the next president of the United States. The gold letters spelling out “Trump Place” at 140, 160, and 180 Riverside Blvd. in Manhattan will be taken down Wednesday and…

As new apartments flood downtown L.A., landlords offer sweet deals

August 4, 2016 |

Something is happening downtown that would shock many renters living in an increasingly expensive Los Angeles: Some landlords are letting tenants live for free.

At the recently opened 263-unit Hanover Olympic apartments on Olive Street, new residents can get a free month’s rent when they move in….

L.A. Times – Business

Irvine Co. apartments to get ultra high-speed Google Fiber

August 3, 2016 |

Some Irvine renters and businesses will soon be able to use Google Fiber, making the city the first in Southern California to receive the tech giant’s ultra-high-speed Internet.

The Irvine Co. said Tuesday that the Internet service will be available in “many” of its properties within the city,…

L.A. Times – Business