Tommy Hilfiger Flips Palm Beach House for $41M

Designer and real estate investor Tommy Hilfiger flipped a Palm Beach house for $41.4 million, five months after buying it from one of the island’s top real estate agents. Records show TCM1 LLC, an affiliate of Hilfiger’s New York-based T Capital Management, sold the house at 930 South Ocean Boulevard to a trust named for […]

‘Commercial Real Estate Is Melting Down Fast’: Elon Musk Warns Home Prices Will Be The Next To Crash — Yet One Property Type Could Prove Resilient – Ventas (NYSE:VTR), Healthcare Realty Trust (NYSE:HR)

As a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space, Elon Musk isn’t known for being a real estate guru. But lately, the billionaire has been sounding the alarm for the sector. “Commercial real estate is melting down fast,” Musk said in a recent tweet. “Home values next.”