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With A New $46 Million Home Hitting The Market, What’s Driving The High Prices In This Beverly Hills Enclave?

August 1, 2019

Asking $46 million, on one of the largest lots in Trousdale MIKE KELLEY/VIEWPOINT COLLECTION What is it about Trousdale Estates? This Beverly Hills neighborhood, where a $72 million purchase by Uber cofounder Garrett Camp and his wife Eliza Nguyen recently broke records, continues to see some of the most expensive homes in Los Angeles coming on the market. This new $46 million home, sitting on 1.2 acres (one of the largest lots in the ne...

Filed under: Headlines by Alec Reimon

How the megadevelopment era shapes cities today

August 1, 2019

The Vessel at Hudson Yards this past June Getty Images for Rafanelli Event Related has made its name with oversized, transformative urban projects. But are these projects in cities’ best interest? Nearly everything about The 78, a massive redevelopment project reshaping an abandoned 62-acre parcel just southwest of Chicago’s downtown, is big. Vacant for 90 years, the riverfront property will be transformed into ...

Filed under: Headlines by Alec Reimon

After the Woosley Fire, here’s what Malibu builders are doing differently

August 1, 2019

Malibu rising The coastal city is building fireproofed homes months after one of the largest wildfires in Los Angeles history, while 7-digit closing prices remain the norm 28868 Cliffside Drive, listed by Coldwell Banker’s Chris Cortazzo and Kevin Augunas, recently sold for $21.75 million. California’s wildfire season traditionally starts in midsummer and ends in early fall, but it may soon last much longer: The National Clima...

Filed under: Headlines by Alec Reimon

How ‘biggest urban regeneration project in Europe’ will transform Spanish capital

August 1, 2019

Mock ups of how Madrid Nuevo Norte will look. Photos: Ayuntamiento de Madrid It has been on the cards for more than two decades, but the Madrid Nuevo Norte project has finally been given the go ahead and promises to entirely transform the Chamartin district of the capital as well as the city's skyline. What is it? Dubbed, Madrid Nuevo Norte, the massive real estate project was formerly known as Operation Chamartín, ...

Filed under: Headlines by Alec Reimon

It’s a Great Time for Billionaires to Splurge on Real Estate

July 31, 2019

Londonderry Place Source: Society Group It’s a billionaire’s delight: In a market awash in luxury properties and buyers more skittish about parting with their cash, brokers are working harder to close mega-deals. That sometimes means discounts, and even the super-rich like a bargain. “Pricing was a little high, so we went through a correction,” said Alexander Ali, an external spokesman for Nile Niami, the movie-pr...

Filed under: Headlines by Alec Reimon

THINGS TO DO IN L.A. – WEEK OF JULY 29TH

July 30, 2019

MONDAY Melrose Rooftop Theatre presents the screening of Ghost! Get your tickets here. TUESDAY See Once Upon a Time in Hollywood in 70mm at the historic Cinerama Dome! Click here for the 70mm showings this week. WEDNESDAY Louis Vuitton X exhibition is open to the public until September 15! Don’t miss this fabulous experience in Beverly Hills! For more info, click here. THURSDAY Join the cast of Lodge 49 ...

Filed under: Headlines by Alec Reimon

Chelsea Green is neighborhood’s first new park in 40 years

July 30, 2019

The quarter-acre respite replaces a Department of Sanitation facility Daniel Avila/NYC Parks A Manhattan neighborhood that’s notoriously lacking in green space welcomed its first new community-based park in 40 years on Thursday. Chelsea Green reclaims a former Department of Sanitation parking lot and facility on West 20th Street between Sixth and Seventh avenues as a quarter-acre green space. City Council Speaker Corey Johnson, whose district ...

Filed under: Headlines by Alec Reimon

U.S. New Home Sales Picked Up in June

July 30, 2019

WASHINGTON—Home-buyers bought more new homes in June, a bright spot in the beleaguered housing sector. Purchases of newly built single-family homes increased 7% from the prior month to a seasonally adjusted annual rate of 646,000 in June, the Commerce Department said Wednesday. The increase follows two straight months of declines. Economists surveyed by The Wall Street Journal has expected a sales pace of 659,000. The n...

Filed under: Headlines by Alec Reimon

After 25 years, Madrid’s Chamartín megaproject is about to get underway

July 27, 2019

The €7.3 billion plan will create over 240,000 jobs and revitalize the economy, says the new administration in the Spanish capital A computer rendition of what Madrid Nuevo Norte will look like. After 25 years of political deadlock, a major real estate development project in Madrid is about to get greenlighted by the local council this coming Monday. Madrid Nuevo Norte, formerly known as Operation Chamar...

Filed under: Headlines by Alec Reimon

Why Spain is now one of the top five countries for expats

July 26, 2019

The destination has jumped to fourth position on the latest HSBC global survey, with 83% of foreign residents saying their overall well being had improved since arriving Many respondents said they felt safer in Spain. ÁLVARO GARCÍA Spain ranks fourth as the best place to work and live, according to people who participated in the latest HSBC Expat Explorer Survey, published on Thursday. This is the best ...

Filed under: Headlines by Alec Reimon

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