Buying for the first time in NYC? Be sure to prep your finances first

April 12, 2017

Buying a home is likely the most serious financial commitment you'll ever make, and NYC's challenging—and perhaps even punishing—real estate market makes the task especially daunting. But though the process of finding your first New York home can be grueling, it doesn't seem to deter buyers as the city's population continues to grow. If you're one of the many first-time buyers preparing to take the leap to home ownership, you may not know exa...

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World’s 50 Best Restaurants 2017: New York’s Eleven Madison Park Takes Top Honor

April 6, 2017

The number one restaurant in the world is actually number eleven—Eleven Madison Park in New York City took the top honor at this year’s World’s 50 Best Restaurants awards in Melbourne. “All of us in this room, we’ve dedicated our careers to creating experiences that we hope will become extraordinarily memorable moments in people’s lives,” Will Guidara, the co-owner of Eleven Madison Park, said. “We get to help people celebrate some ...

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Cityscape – the world’s leading wealth hubs

April 4, 2017

The Knight Frank City Wealth Index offers a fresh perspective on the urban hotspots and networks that are shaping the ultra-high-net-worth individual (UHNWI) world, now and in the future. Since it was first published 10 years ago, The Wealth Report has highlighted the most important cities for the world’s wealthiest individuals. To mark our second decade we have re-evaluated our criteria and created a new measure – the City Wealth Index. ...

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Dubai – Building an Aerotropolis

April 3, 2017

Not content with the world’s busiest international airport, Dubai is building a bigger one as part of a giant economic hub. Over the past 15 years, Dubai has become a city of superlatives – the world’s tallest building, the world’s largest shopping mall, and the world’s largest manmade island spring to mind. In 2014 Dubai International Airport overtook London Heathrow to become the world’s busiest airport by international passenger traf...

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All Signs Point To A Strong 2017 Real Estate Market

March 30, 2017

President Trump would like to stimulate the economy through deficit spending and deregulation. The market has responded by selling off bonds and buying bank stocks. How will this impact the real estate market? The bond sell-off has caused interest rates to increase nearly one percent, which increases the cost of a $300,000 mortgage by roughly $250 a month. On the other hand, reduced regulation could increase lending for credit-challenged individ...

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March 27, 2017

Chinese investors continue to snap up Manhattan's most prized commercial real estate, against all odds, and their biggest flag in the ground has come in the form of an office building on 245 Park Ave., under contract for $2.2B, one of the priciest single-asset transactions in commercial real estate history. HNA Group, the Chinese mega-conglomerate, and an unnamed partner are under contract to buy the 48-floor, 648-foot-tall, 1.8M SF Midtown skyscr...

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The Big Bend, ‘the world’s longest skyscraper,’ proposed for Billionaires’ Row

March 24, 2017

Because New York City needs more ridiculous skyscrapers Well, here’s a thing: architecture firm Oiio has come up with a conceptual design for a structure they call The Big Bend, which would be the longest—not the tallest—building in the world. Renderings for the project, published on Dezeen, show a building—can we call it a building?—that looks, at the most basic level, like Rafael Viñoly’s 432 Park Avenue, but stretched out and be...

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How Richard Branson, Warren Buffett, Elon Musk and 13 other leaders start the day

March 21, 2017

If you want to be a billionaire, try living like one. Sergey Brin, the co-founder of Google, drinks green tea twice a day and exercises fanatically. Jeff Bezos, the chairman and CEO of Amazon, sleeps eight hours a night. Elon Musk, the CEO of SpaceX and Tesla, often skips breakfast. Oprah Winfrey meditates. This is all according to information compiled and illustrated by the O...

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Three Ways Warren Buffett Is Not A Typical Billionaire

March 17, 2017

Three Ways Warren Buffett is not a Typical Billionaire Warren Buffett speaks to students in "Becoming Warren Buffett," a new documentary about the investor's life. (Courtesy of HBO) If you happen to spot a nondescript Cadillac pulling into an Omaha-area McDonald’s, it might just be the world’s second-richest person following his morning routine. In a new documentary titled “Becoming Warren Buffett,” w...

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New Study: Wine Has the Same Benefits as Exercise and Dieting

March 15, 2017

New Study: Wine Has the Same Benefits as Exercise and Dieting 1 minute Read Produced by VinePair Staff / @VinePair Updated on March 7, 2017. If you love red wine, congratulations! Not only do you have excellent taste, but a new study has found that your favorite nighttime indulgence may be just as good for you as diet and exercise! This is thanks to resveratrol, a compound found in the skins of red grapes. “Scientists have discove...

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