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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�...

Filed under: Headlines by Alec Reimon

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...

Filed under: Headlines by Alec Reimon

This Historic Beverly Hills Park Just Got a $12 Million Facelift

June 14, 2019

A five-year project has restored the 1907 green space to a more eco-friendly version of its former self You may have driven by Beverly Gardens Park dozens of times without even realizing what it was. Running alongside Santa Monica Boulevard, it’s best known for the iconic Beverly Hills sign and cute little pond that have no doubt appeared in hundreds of thousands of tourist snapshots. But explore behind that entryway, and you’ll find an 87-ac...

Filed under: Headlines by Alec Reimon

Uber planning ‘skyports’ for flying taxi service in LA

June 13, 2019

Electric aircraft could land and take off from the Gensler-designed stations The Uber skyports would include pickup/dropoff areas and retail space. Renderings courtesy Gensler Fresh off its initial public offering, ride-hailing company Uber is continuing efforts to bring its taxi-like service skyward and this week revealed new details about a helicopter-like service it plans to roll out in Los Angeles and Dallas. The...

Filed under: Headlines by Alec Reimon

New Development Sales Soar in Barcelona

June 12, 2019

In the first four months of the year, new home sales increased by almost eight times PIXABAY Driven by a surge of transactions in Barcelona, new development property sales across Spain soared in the first four months of 2019, according to a report Tuesday from real estate agents Lucas Fox. The brokerage found that between January and April, sales of new homes nationwide more than tripled compared to the same time frame last year. In Barc...

Filed under: Headlines by Alec Reimon

Incomplete La Sagrada Familia Finally Receives Construction Permit 137 Years Later

June 11, 2019

Antoni Gaudí’s creation requested a building permit in 1885, which was never accepted or rejected Photo by Neale Clark. Image courtesy of Getty. This past Friday, the famed Basílica de la Sagrada Família in Barcelona finally received its official building permit from the city—just 137 years since construction first began. The Antoni Gaudí–designed church has been in the works since 1882, but there was never a record of the 1885 b...

Filed under: Headlines by Alec Reimon

The High Line Spur, the final section of the elevated park, opens

June 10, 2019

The Spur, which hovers over Tenth Avenue, is 10 years in the making Timothy Schenck Almost 10 years to the day after the first section of the High Line debuted, one of the massively popular park’s final pieces is ready for its close-up. The High Line Spur—which runs above 30th Street and culminates in a large open space that hovers above Tenth Avenue—has finally opened to the public, seven years after the Friends of the High Line, the non...

Filed under: Headlines by Alec Reimon

7 Amazing Reasons Why You Should Own a Luxury Pool

June 9, 2019

Are you thinking about taking the plunge and building your own luxury pool? Most people want to own pools but if you can afford it, a luxury pool is much better. Here are some reasons to own a luxury pool: Give Your Family a Wonderful Gift Can you just imagine how your children will react when you tell them about building a luxury pool? They will be over the moon. A new luxury pool is something that your entire family can look forward to, which...

Filed under: Headlines by Alec Reimon

How a Luxury Boom Is Changing New York’s Skyline

June 7, 2019

Credit: Tony Cenicola/The New York Times Pop quiz: How many residential buildings in New York City are over 800 feet tall? The answer: 10. Six of them will be completed this year. New York City is getting taller faster. Maybe you noticed this trend? As my colleague Stefanos Chen wrote, by the end of 2019, several of the tallest new buildings in the city will be residential high-rises. The escalation in elevation ...

Filed under: Headlines by Alec Reimon

How My Former School Gymnasium Became An $18 Million Penthouse

June 6, 2019

*It is our top priority to get this listing sold! Ben Lieblein, graduated from the school's whose gymnasium was transformed into this stunning penthouse. We feel it is a fantastic way to pay tribute to the school, St. Agnes, where Ben built lifelong memories. Other units at different prices are also available. Contact us now! Let's get this sold! wendy@jacksonlieblein.com 917-679-1211 * Solarium | HAYES DAVIDSON It's been dubbed ...

Filed under: Headlines by Alec Reimon

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