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Luxury Brokerage Christie's Allows Buyers to Purchase Real Estate With Crypto: NYT
Luxury Brokerage Christie's Allows Buyers to Purchase Real Estate With Crypto: NYT

Yahoo

time25-07-2025

  • Business
  • Yahoo

Luxury Brokerage Christie's Allows Buyers to Purchase Real Estate With Crypto: NYT

Christie's International Real Estate has launched a dedicated division to facilitate real estate transactions conducted entirely in cryptocurrency, the New York Times reported on Thursday. Spearheaded by Aaron Kirman, CEO of a Christie's-affiliated firm in Los Angeles, the initiative follows several high-profile deals, including a $65 million Beverly Hills transaction where crypto was used exclusively. The new division comprises legal, financial, and crypto experts to handle peer-to-peer transactions without reliance on banks. The goal is to enable high-end buyers and sellers — often seeking privacy — to use digital assets seamlessly for real-world property acquisitions. With roughly 14% of Americans owning crypto, Kirman projects that digital currency could represent over a third of U.S. residential real estate deals within five years. The use of crypto offers enhanced buyer anonymity, often via LLCs funded directly with digital assets, making ownership harder to trace than traditional banking channels. Kirman's crypto-accepting portfolio now exceeds $1 billion in value, including marquee properties like the $118M La Fin in Bel Air and Joshua Tree's $17.95M Invisible House. Christie's did not respond to CoinDesk's request for further

RIBA shortlist nine West Midlands projects for architecture award
RIBA shortlist nine West Midlands projects for architecture award

BBC News

time27-02-2025

  • General
  • BBC News

RIBA shortlist nine West Midlands projects for architecture award

A net-zero carbon nursery and a disused fire station that has been transformed into homes are among projects shortlisted for regional architectural Royal Institute of British Architects (RIBA) unveiled nine projects that have been nominated across the West Midlands and said it was "heartwarming" to see the "imaginative reuse" of buildings across the Collett, chair of the West Midlands RIBA jury who will visit each of the projects, said they would be looking for buildings that "enhance people's lives and demonstrate care and attention to detail". The winning projects will be announced in the spring. Mr Collett added: "This year's shortlist includes exciting buildings that offer a wonderful range of typologies and scales, from large academic and commercial buildings to homes, a nursery and a pavilion."The nine projects shortlisted are: University of Staffordshire Woodlands Nursery by Feilden Clegg Bradley Studios Coventry University, College of Arts & Society by BDP Elizabeth Garrett Anderson Medical Teaching Building by Glancy Nicholls Architects, Worcestershire Hanbury Hall by Howells, Worcestershire Invisible House by BPN Architects, Warwickshire Manresa House by OMI Architects, Birmingham Old Fire Station by KKE Architects Ltd, Worcestershire One Centenary Way by Howells, Birmingham Williamson House by John Pardey Architects, Warwickshire The winners of the regional award will then be considered for several RIBA Special Awards, including the Sustainability Award and Building of the Year Award, before being considered for the institute's National Award, which will be announced in shortlist for the RIBA Stirling Prize – the UK's best new building – will be drawn from the RIBA National Award-winning projects and announced in September, with the winner announced in October. Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.

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