Real Estate

Arts, Entertainment, Culture • Celebrities & Public Figures
Michael Jackson's Neverland Ranch sold for $22m for Ron Burkle
Michael Jackson's Neverland Ranch sold for $22m for Ron Burkle
Credit: John Wiley User:Jw4nvc - Santa Barbara, California, via Wikimedia Commons (Creative Commons Attribution 3.0)

The late Michael Jackson's home, formerly known as Neverland Ranch, has been purchased by Pittsburgh Penguins co-owner Ron Burkle for $22 million, the Wall Street Journal reported. The property was initially listed for sale at $100 million in 2014 but has failed to find a buyer for years.

Business • Real Estate, Housing & Infrastructure
Norwegian billionaire buys almost 4000 apartments in Berlin
Norwegian billionaire buys almost 4000 apartments in Berlin
Credit: unsplash.com / Jonas Tebbe

The Norwegian billionaire and adventurer Ivar Tollefsen enters the Berlin market for residential real estate through the Swedish housing group Heimstaden Bostad, which he controls. For approximately €830 million he will buy 3902 apartments in central situations of Berlin, according to Heimastaden Bostad.

According to the company, the rental space totals 282,000 square meters. This means that these are smaller apartments and stores with an average floor area of just under 67 square meters.

Protest against the project has already been organized in some apartment buildings. The Berlin district Friedrichshain-Kreuzberg has stated that they are examining the possiblity of a exercising a pre-emptive right of purchase.

Regional News • Americas • South America
Venezuela suspends rent, pays salaries of small and midsize companies for six months

The Venezuelan President Nicolás Maduro announced that all rent payments as well as interest payments on capital and loans are going to be suspended until September. In addition to this he guaranteed all workers their wages, which the state will pay for small and mid sized companies. In addition to this lay-offs that are the consequence of the coronavirus have been banned.