Headlines

The Increased Importance Of Environmental Sustainability In Real Estate

June 25, 2019

GETTY Staying one step ahead in the uncertain and competitive real estate space can be a challenge. We started out the year with many experts predicting that sustainability would once again be a “trend” for 2019. This is not an “aha” moment for most of us: Green building and sustainability have been enduring trends in the industry for the past couple of decades. However, as the real estate space continues to transform, this topic ta...

Read more

12 questions to ask before renting a luxury apartment in New York City

June 25, 2019

  This two-bedroom, two-bath rental at 259 Bowery is asking $12,000 a month with no fee.  You’re patting yourself on the back. You’ve figured out that thanks to all the new luxury rental buildings that have gone up in New York City recently, you don’t to plunk down a small fortune (aka a down payment) in order to live in a nice building with great amenities (cue the light bulb flash overhead). You can rent ...

Read more

California Home Sales Rise in May, Aided by Lower Interest Rates

June 24, 2019

May median home prices reach another high in California According to the California Association of Realtors, California's median home price edged higher to another peak for the second straight month as lower interest rates helped bolster home sales in May 2019. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 406,960 units in May 2019, according to information collected ...

Read more

Downtown LA’s Alamo Drafthouse to finally open in July

June 21, 2019

“After so many years of planning and development, to be opening in Los Angeles... is absolutely thrilling” Renderings by Studio One Eleven.  Courtesy of Alamo Drafthouse The long-awaited arrival of the artsy, non-nonsense Alamo Drafthouse Cinema in Downtown LA is finally slated for early July, the Texas-based chain announced today. The 12-screen theater will open next month at the southeast corner on the second and third levels of...

Read more

Madrid is the third world destination in luxury real estate investment in 2019

June 20, 2019

The indicator indicates the destinations that "more growth opportunities will register" over a year The Plaza Mayor of Madrid. / WIKIMEDIA Madrid will be the  third city in the world  that will receive the most investment in the luxury real estate market  in 2019, according to the 'Destinations to watch' index presented Thursday by the  Barnes company as part of the company's annual report 'Global Property Handb...

Read more

Details unfurled for $170M renovation of Fashion District’s California Market Center

June 20, 2019

The California Market Center will get a Gensler-designed makeover.  Via Brookfield Properties The Fashion District’s California Market Center is undergoing a $170 million, Gensler-designed renovation that’s aimed solidly at attracting tenants beyond the fashion industry. The CMC takes up a whole city block bounded by Ninth, Main, Olympic, and Los Angeles. It opened in 1963 as the place for fashion wholesalers, but with the increased inter...

Read more

Central Park’s Belvedere Castle will reopen June 28

June 19, 2019

The castle is fresh off a 15-month, $12 million restoration The castle was conceived of by Central Park designers Olmsted and Vaux in 1858.  Courtesy of the Central Park Conservancy The Central Park Conservancy will reopen Belvedere Castle on June 28 after a 15-month restoration project. The 1858-built landmark was conceived by Central Park designers Frederick Olmsted and Calvert Vaux as an open air viewing platform over the city’s gre...

Read more

American Museum of Natural History begins $383M expansion

June 18, 2019

The American Museum of Natural History started construction Wednesday on a $383 million education center, expanding the Upper West Side museum following a long battle with neighbors. The 230,000-square-foot Richard Gilder Center for Science, Education and Innovation—named for the investment banker and museum trustee—will add exhibition space, a working collections area open to visitors, an insectarium, a butterfly vivarium and a research lib...

Read more

Sotheby’s Bought By Billionaire Patrick Drahi In Surprise $3.7 Billion Deal

June 17, 2019

Sotheby's London  CHRIS J RATCLIFFE/GETTY IMAGES FOR SOTHEBY'S Sotheby’s has announced that it is to be acquired by billionaire telecom magnate and art collector Patrick Drahi in a surprise $3.7 billion deal. Drahi’s wholly-owned entity BidFair USA has paid $57.00 in cash per share of Sotheby’s common stock. The offer price represents a premium of 61% to Sotheby's closing price on June 14, 2019, and a 56.3% premium to the company...

Read more

AFTER A FIVE-YEAR PERIOD OF SUSTAINED GROWTH, THERE IS A CHANGE IN THE AIR IN MARBELLA, REPORTS DIANA MORALES PROPERTIES

June 16, 2019

“Whether there has been a cyclical shift, a result of Brexit or something more local, Marbella needs to pause, take stock and better understand the prevailing conditions” Pia Arrieta, Managing Director LAST year was another year in a growth cycle that started in 2013 in Marbella. It began after the market finally bottomed out in 2012 and by 2015 there began a strong demand for new modern villas and apartments being built in the area. This shi...

Read more