Headlines

Highly Anticipated New Developments—Filled With Amenities Galore—Opening in Los Angeles

September 26, 2019

Highlights include the final phase of the Playa Vista urban community, and a group of townhomes in Santa Monica Photo: Metropolis After a sluggish start to the year, luxury home sales in Los Angeles rebounded in July, but they are still down for the year overall. “July showed a notable pickup in luxury sales in Los Angeles,” said Selma Hepp, chief economist and vice president for business intelligence at Compass, noting that the luxu...

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Jenga-like skyscraper near Pershing Square glides through planning commission

September 16, 2019

The 53-story tower would connect to the rooftop restaurant Perch The tower (right) would certainly bring a unique flair to the skyline.  Via Department of City Planning Plans for what could become one of Downtown’s most unique-looking skyscrapers received unanimous approval today from the city’s planning commission. With cantilevered swimming pools jutting out of its upper floors, the tower proposed for across the street from Pershin...

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Most Valuable Whisky Collection Ever To Be Auctioned At Sotheby’s

September 14, 2019

Described by auction house Sotheby’s as “The Ultimate Whisky Collection,” a record-breaking collection of whisky will be sold in London later this month. It is very likely to become the most valuable collection of whisky ever offered at auction, and the first single-owner offering of spirits from the auction house. The collection’s mysterious U.S.-based owner, known only as “The Ultimate Whisky Collector,” is selling 394 lots, comprisin...

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5 tactics for selling ultra-high-end condos

September 13, 2019

How three leading agents sell the most exclusive apartments on the market Picture the home of any successful, high-powered character on popular television and it’s likely you’ll envision a luxury condo. In the current cultural moment, a high-end apartment is seen as the height of city living — literally and figuratively. But to sell these exclusive properties, clients need a knowledgeable agent to ensure they are apprised of all the sma...

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In Spain, Buyers Relish Designing Their Own Golf Homes

September 12, 2019

The view of the fairway from a custom-built home at PGA Catalunya in Caldes de Malavella, Spain.CreditCreditSamuel Aranda for The New York Times Caldes de Malavella, Spain — A few years ago, while vacationing on the coast of Spain, John Carter drove inland to the PGA Catalunya Resort to book a tee time. He wasn’t intending to buy more than a round of golf. But before the week was out, he and his wife had reserved a plot o...

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Here’s Why High-Net-Worth Individuals Might Choose To Rent Instead Of Buy In NYC

September 10, 2019

The Skybridge Lounge at American Copper Buildings in Manhattan's Murray Hill neighborhood. MAX TOUHEY As the Manhattan sales market continues to slow, developers in the area are seeing a growth in the luxury rental space, and are following through by building rental properties that have condo-level amenities and activities that go beyond a wine and cheese hour. At American Copper Buildings, two 48-story towers in Murray Hill, for example, ...

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Two major NYC developers may join forces on 5 World Trade Center

September 9, 2019

Silverstein Properties and Brookfield Properties are considering a joint bid Max Touhey Back in June, the Lower Manhattan Development Corporation (LMDC) issued a request for proposals (RFP) for 5 World Trade Center, one of the last unfinished pieces of the World Trade Center site. Now, two NYC developers may be mulling a partnership to develop the site. According to Commercial Observer, Silverstein Properties and Brookfield Properties are con...

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How Artificial Intelligence Can Help Real Estate Investors Buy And Sell More Intelligently

September 3, 2019

GETTY Artificial intelligence is changing our daily lifestyle and work. It’s hard to find an industry not using machine learning in some capacity to improve business operations. While the real estate space has traditionally been slow to incorporate new technologies, AI’s offerings are turning heads. Tech-based companies are forming to capitalize on the advantages of AI, and corporate brokers and investors are incorporating the technolo...

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Tech firms lease major Manhattan real estate in 2019

August 31, 2019

Companies like Facebook, Amazon, and Apple could continue to drive the trend Hudson Yards has reportedly attracted the attention of major tech firms looking to expand their New York footprint.  Max Touhey Tech firms are expanding their grasp on Manhattan’s commercial real estate market, with this year’s leasing activity already outpacing its 2018 numbers. According to commercial real estate services and investment firm CBRE, the industry...

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Museum of Ice Cream will return to NYC with a permanent Soho location

August 30, 2019

New Yorkers can sign up for an early access waitlist to the Instagram-worthy experience Photo: Courtesy of Museum of Ice Cream Instagram-sensation the Museum of Ice Cream is making a permanent return to New York City. The haven for ice cream aficionados announced that it will open a new permanent 25,000-square-foot space at 558 Broadway in Soho this fall. The three-floor location will feature 13 installations, including one called “Celestial Su...

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