News

Rory Kennedy Purchases Home in Malibu for $2.9 Million

Famous producer/director, Rory Kennedy has bought a posh beach front mansion in Malibu, California for a cool $2.9 million. Kennedy picked the home up in a bank foreclosure sale on Friday, Jan. 25, 2013.

InterContinental Hotels Posts 11 percent Profit Led by China and US

InterContinental Hotel Group (IHG), the world’s largest hotel group by room count, recently declared its Operating profit results of 2012. The company announced that it had accounted a 10 percent actual operating profit throughout the year. Major contributors to the profits were its growing operations in China, America and Europe.

Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom

With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom.