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Classic Waldorf Hotel to Be Gutted, Up to 1,100 Rooms Turned Into Condos

June 29, 2016

China’s Anbang, acquirer of the New York landmark, is finalizing plans to shut the hotel for up to three years and convert as many as three-quarters of its rooms into private apartments The Chinese acquirer of the Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark New York hotel for up to three years and convert as many as three-quarters of its rooms into private apartments, people familiar with the matter ...

Filed under: Headlines by Wendy Jackson

Spanish Home Sales up the Most Since 2008 as Economy Recovers

June 28, 2016

[MADRID] Spanish home sales jumped the most since 2008 in April as the nation's economy continues to recover from the financial crisis. Transactions increased 29 per cent in the month from the year earlier period, according to Spain's National Statistics Institute on Thursday. That was the fastest clip since the institute, known as INE, started publishing the data in Jan 2008. A separate report showed that home values increased by 6.3 per cent...

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NYC Real Estate Market is Cooling — But a Good Time to Upgrade

June 28, 2016

After an incredible run with steady price appreciation since 2009 and huge price gains since 2013, the New York City real estate market is no longer in growth mode. Industry insiders are using different language for today's market: the market is cooling, shifting, correcting, softening, and/or stabilizing, depending upon who you ask. All of this is code for a simple reality. Prices have stopped rising and, in fact, have started to come down ...

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5 Reasons to Visit Panama Now

June 24, 2016

Panama is an enchanting oasis, where easy island jaunts and mountain retreats are a way of life. Until recently, it was known more as Central America’s economic center, but that booming economy is also paving the way for a rise in next generation designers, artists and chefs. And with islands as beautiful as any Caribbean counterpart and lush regions largely undiscovered by travelers, the secret is out. From the seductive, burgeoning arts district o...

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Top 10 biggest real estate projects coming to NYC

June 10, 2016

May’s new development permit filings were dominated by a pair of gargantuan warehouses spanning a combined 1.4 million square feet of space, planned by Staten Island Marine Development. A pair of 60-plus-story residential buildings followed, planned by Stawski Partners and Madison Equities and the Pizzarotti Group, in Long Island City and the Financial District respectively. On the whole, the month was a tale of contrasts, with several massive ...

Filed under: Headlines by Wendy Jackson

The Veuve Clicquot Polo Classic Is the Real Summer Kickoff

June 6, 2016

Here's what you need to know: Tickets: Available at vcpoloclassic.com. A new group of $75 General Admission tickets, which include ferry transportation to and from Manhattan or New Jersey (where Liberty State Park is located), was just released this morning at 10 a.m.. For $400 per person you can buy Rosé Garden tickets, which include a bottle of Veuve Clicquot Rosé champagne, a gourmet lunchbox, fast-pass ferry line privileges, and access to ...

Filed under: Headlines by Wendy Jackson

World’s seven best places to retire

June 1, 2016

World’s seven best places to retire Forget the retirement home. Head here. These days most of us can expect our retirement to last for more than a couple of decades. So, with life expectancy on the rise where you choose to spend those twilight years is more important than ever. A growing number of pensioners are seeking far-flung destinations. They’re lured by hours of sunshine, a slower pace of life, favourable tax rates, and the prospec...

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Sky High: NYC ‘Trophy Apartment’ Could List for $250 Million

June 1, 2016

Billionaires' Row. That's what New York real estate experts have dubbed a lineup of a half-dozen new superluxury skyscrapers overlooking Central Park that are home to some of the world's most expensive apartments. One penthouse on the 89th and 90th floors of a skyscraper near Carnegie Hall that went for more than $100 million seems almost a bargain compared to what will appear next year in a high-rise being built on Central Park South: a 23,000-sq...

Filed under: Headlines by Wendy Jackson

The Tide Is Turning For Spain’s Real Estate Market

June 1, 2016

It was the Cinderella of European real estate, but Spain is now poised to have a ball. The Iberian country’s economy is back in full swing and the investors that once shunned it for its toxic mix of high unemployment, troubled banking sector and free-falling real estate values are now staging a return. According to the Instituto Nacional de Estadistica, Spain’s GDP rose at a rate 0.9% in the first quarter of 2015—the seventh quarterly inc...

Filed under: Headlines by Wendy Jackson

”PARK AVENUE CUBE”

May 4, 2016

UPDATED: May 3, 12:35 p.m.: Thirteen years ago, Harry Macklowe had the idea to erect a glass cube in front of the GM Building. It became the entrance to an outrageously profitable Apple Store. Now, he is repeating the theme at 432 Park Avenue.On Tuesday, Macklowe Properties unveiled renderings for what it calls a “Park Avenue Cube” – a low-rise retail building adjacent (and connected) to its luxury condominium tower. Together, the cube and tower...

Filed under: Headlines by Wendy Jackson

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