Headlines

Madrid continues to attract significant property investment

October 30, 2017

The latest research by luxury estate agency Lucas Fox has revealed that Madrid is cementing its status as a key European property investment hub. In the Spanish capital Lucas Fox has seen its sales rise by 30%, while its total sales value increased by 170% in the year to the end of June 2017. The profile of buyers in Madrid is also starting to change, according to Lucas Fox’s latest Market Reports for Q1 and Q2 2017. The proportion of US a...

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Massive mixed-use project would extend downtown L.A. building boom

October 30, 2017

The commercial building boom in downtown Los Angeles in recent years mostly has been north of the 10 Freeway. But to the south, “for too long, the area has been overlooked” by developers, L.A. City Councilman Curren Price, whose district includes that section of South-Central Los Angeles, remarked last year. That could be about to change. A massive multi-use complex called Broadway Square Los Angeles, estima...

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A New Manhattan Tower With a Gothic Twist

October 30, 2017

A slender new condominium tower rising at 30 East 31st Street in Manhattan hopes to evoke both the golden glow of its neighborhood’s past as well as the area’s emerging reputation as a retail design destination. “I didn’t want to build a glass tower that could be anywhere,” said Erik Ekstein, the president and chief executive of Ekstein Development Group, which is developing the building with the Pinnacle Group. “I like to do projects...

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Does it make more sense to rent or buy a parking spot in NYC?

October 9, 2017

Outside of real estate, choosing whether or not to buy a car is one of the trickiest choices for New Yorkers to make. One of the biggest downsides is parking. On-street parking is nearly impossible to find in some neighborhoods, and alternate-side parking rules require time twice a week to move your car back and forth, a process that can sometimes take over an hour. This, the hassle of shoveling your car out during the winter, and concerns a...

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Avenue Magazine October 2017: Properties of the Month

October 8, 2017

Wendy Jackson's exclusive listing at 50 United Nations Plaza Residence 17-B shown in Avenue Magazine's October 2017 Issue. Click here to view the full article 

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Investment in Spanish city centres reaching record levels

October 4, 2017

Top international brands are competing for prime high street properties as the wider economy reboots. A new study from real estate consultancy JLL found that €402 million was pumped into the Spanish high street in the first quarter of 2017. Much of the money comes courtesy of flagship stores set up by Primark, H&M, Zara, and other fashion giants. The unveiling of Primark’s 7,000 square metre store in Madrid’s Gran Via attracted thousan...

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Los Angeles ranks No. 5 nationally in return on investment for long-term homeowners

October 4, 2017

Los Angeles homeowners who sold last year after holding on to their homes for a long period of time saw sizable returns on their investments. The typical Los Angeles home seller made $200,000 on the sale of a home in 2016 after owning it for a median period of nine years and eight months, according to a Zillow study released this month. That 53.7% gain, during a time of rising home prices nationwide, was better than 28 of the 33 metropolitan ...

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IS OBAMA MOVING TO NEW YORK CITY? REAL ESTATE INSIDERS SAY HE COULD BE

October 4, 2017

Former President Barack Obama and the former first lady are apparently in a New York State of mind. The Obamas have checked out at least one apartment in Manhattan, a $10 million five-bedroom, four-bath aerie in one of the richest corners of the already ritzy Upper East Side, The New York Post reports. The 87-year-old, full-service building, located at 10 Gracie Square, is between East End Avenue and the FDR Drive, across the street from t...

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Richest in Real Estate GLOBAL

September 18, 2017

Richest in Real Estate  Global   Amancio Ortega $82.5B | La Coruña, Spain Amancio Ortega is not your typical billionaire. He spends his days quietly strolling through the central plaza of the Galician city of La Coruña in northern Spain wearing a decidedly unstylish ensemble of a blue blazer, white shirt and gray trousers, and he is often found enjoying cafeteria lunches... READ MORE ...

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LA home prices hit a record high in July—again

September 14, 2017

  For the fourth month in a row, sale prices are the highest they’ve ever been BY ELIJAH CHILAND  AUG 29, 2017, 3:08PM Prices are up in LA County, but overall sales have dropped off since June. Shutterstock Home prices in Los Angeles climbed again in July, breaking or tying a record for the fourth month in a row, according to a new report from CoreLogic. The report shows that the median sale price in LA County jumped to ...

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