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Would a new Amazon headquarters make housing even more expensive in LA?

May 19, 2018

The company could bring its massive HQ2 to Los Angeles Many Amazon employees would likely buy a home—not rent—in LA. Liz Kuball Los Angeles is one of 20 cities still in the running to land a second headquarters for Seattle-based tech giant Amazon. Should local leaders be worried about how the arrival of the massive facility—and the high-paid workers who would staff it—would impact LA’s already high housing costs?...

Filed under: Headlines by Alec Reimon

Take a look at mixed-user bringing 695 apartments to Santa Monica Boulevard near Highland

May 18, 2018

It’s expected to be complete by late 2019 Courtesy of AvalonBay Communities Work is underway now on developer AvalonBay Communities’s apartment and retail complex on Santa Monica Boulevard, and new renderings give us a look at what the 695-unit project will look like when complete. Located at Santa Monica Boulevard and Las Palmas Avenue, the structure will also includeabout 20,000 square feet of retail space and 56 units of aff...

Filed under: Headlines by Alec Reimon

Downtown Drives Manhattan Luxury

May 17, 2018

Downtown drove Manhattan’s luxury home market, as the neighborhood accounted for nearly half of all contracts signed in the week ending Sunday, according to the Olshan Report published on Monday. There were 21 contracts signed for homes priced at $4 million or more last week; 10 of them were in the roughly demarcated area of Downtown, four were in Midtown, four on the Upper West Side and three on the Upper East Side, said the weekly report from O...

Filed under: Headlines by Alec Reimon

Sharif El-Gamal’s 45 Park Place Begins Rise Into Lower Manhattan Skyline

May 16, 2018

45 Park Place. Rendering: Williams New York After years of waiting, 45 Park Place is finally making a rapid ascent into the Lower Manhattan skyline. The skyscraper will soon rise 43 stories and 667 feet to its rooftop pinnacle, and is being developed by Sharif el-Gamal’s Soho Properties. Although substantially shorter than nearby towers like 30 Park Place, 56 Leonard Street, and 111 Murray Street, the 50-unit structure will still offer compreh...

Filed under: Headlines by Alec Reimon

UK real estate sector confident it can thrive post-Brexit, research shows

May 15, 2018

The property sector in the UK can thrive post-Brexit with the vast majority of business leaders confident about the future when the country leaves the European Union in March 2019. Some 70% of real estate sector leaders believe the UK is strong enough to be independent, 84% have experienced no change to EU operations or trade since Article 50 was triggered and only one in five have taken actions to mitigate against potential risks. However, the re...

Filed under: Headlines by Alec Reimon

SPAIN TAKES TOP SPOT FOR BOASTING BEST BEACHES IN THE WORLD

May 9, 2018

The country has broken global records by holding a whopping 590 blue flags for the quality of its sandy shores SPAIN has nabbed the top spot once again for boasting the best beaches in the world, after it was awarded 11 prestigious blue flags. The country has broken global records by holding a whopping 590 blue flags for the quality of its sandy (and pebbled) shores. Awarded by the Association for Environmental Education and the Consumer (ADEAC),...

Filed under: Headlines by Alec Reimon

Master planning for huge Sunnyside Yard project to begin this summer

May 7, 2018

Photo via NYCEDC The master planning process for the Sunnyside Yard project, a mammoth plan to build a new, fully planned neighborhood to Queens, will begin this summer, the city announced Thursday. Along with Amtrak, the city’s economic development corporation said it will form a steering committee made up of local leaders and planning experts who will organize meetings and workshops to gain feedback fro...

Filed under: Headlines by Alec Reimon

NYC Luxury Tower One57 Has Big Quarter Thanks to Condo Discounts

May 7, 2018

One57, the Midtown skyscraper that has symbolized both Manhattan’s luxury condo boom and its slowdown, just had its best sales quarter in more than a year. The secret: a good bargain. One57’s 41st floor duplex Photographer: Jeenah Moon/Bloomberg Four years after completing the 90-story tower -- and setting a New York City record with a $100.5 million condo deal -- Extell Development Co. is still working to sell it ...

Filed under: Headlines by Alec Reimon

Storied Plaza Hotel is set to sell for $600 million

May 7, 2018

The Plaza Hotel in New York. Photographer: Michael Nagle/Bloomberg Its buyers are Shahal Khan, founder of Dubai-based family office White City Ventures, and Kamran Hakim, of New York landlord Hakim Organization. They agreed to pay $600 million for the hotel, at the southeast corner of Central Park, in a deal that is set to be completed on June 25. “We worked for three and a half years to get to this stage and can�...

Filed under: Headlines by Alec Reimon

Malibu Real Estate Market Spikes

May 6, 2018

A wave of frenzied home buying has washed over Malibu, where sales on the beach quadrupled in the first three months of the year, according to a report from Douglas Elliman on Thursday. The ultra exclusive Malibu Beach neighborhood, lined with the multi-million-dollar homes of celebrities and business tycoons, logged 24 sales in the first three months of the year, compared to only six the first quarter of last year, according to the data. Across al...

Filed under: Headlines by Alec Reimon

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