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Investors Check Into Hotel Sector

August 11, 2015

HOTEL SALES WORLD-WIDE ARE ON A SCORCHING PACE AFTER TOTALING $42 BILLION IN THE FIRST HALF Hotel sales world-wide are on a scorching pace for 2015 after totaling $42 billion in the first half, boosted by an increasing appetite among Asian and Middle Eastern investors. Lodging transactions in the first half jumped 56% over the same period last year, according to real-estate broker JLL’s Hotels & Hospitality Group. The pace was short of the r...

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THE BIG APPLE OR BEIJING?

August 11, 2015

Chinese investment in NYC real estate has skyrocketed over the past year All of Manhattan is becoming Chinatown. Chinese investors and developers are flooding the local real estate market at never-before-seen levels, buying some of New York City’s most iconic buildings at prices that local buyers aren’t willing to pay. “Insane is definitely the right way to characterize it,” said real estate attorney Edward Mermelstein, who’s worked o...

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Spanish Market Attracting More Overseas Property Buyers

August 11, 2015

Wanting to live in Spain is not only about beaches and the tropical sun, it is also about the right investment attitude. An article about the real estate market in Spain’s central city, Madrid, was recently featured in aplaceinthesun.com that gives readers insights on the do’s and don’ts of living in the capital. Overseas property buyers and investors, including those from the UK, have been on the verge of discovering the better chances of ...

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Beaten by Bloomberg

August 11, 2015

Michael Bloomberg offers £2 million above the £15 million asking price to see off three other bidders and buys George Eliot’s house by the River Thames Proof if it were required that the ultra-prime London property market is not slowing down came on Monday in the form of news that the billionaire and former mayor of New York Michael Bloomberg outbid three others in paying £2 million ($3.1 million, €2.8 million) more than the £15 mi...

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FLAT, NOT CROWDED, AND VERY HOT ON 59TH STREET

August 11, 2015

Soo Chan’s latest synthesizes design ideas on the edge of Midtown The little stretch of Manhattan along 59th Street from Park to Lexington is covered in scaffolding from three distinct projects. Two of these involve the recladding or restoring existing buildings. But one has to do with the actual construction of a building, a new high-rise that will soon occupy 118 East 59th Street. The undistinguished four-story building that stood on that...

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The luxury real estate boom taking over Midtown South

August 11, 2015

Take a walk down Park Avenue South, then up Lexington Avenue between 18th and 28th streets — a small crossroads of the NoMad, Flatiron and Gramercy neighborhoods — and it’s immediately evident that this commercial pocket is now taking on a new residential identity. Two fresh apartment buildings — the ground-up 350-unit 400 Park Ave. South and the 58-unit Huys at 404 Park Ave. South — stand on either side of East 28th Street. Nearby, th...

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An inside look at Manhattan’s Billionaires’ Row

August 11, 2015

Along Manhattan’s 57th Street, stretching from Columbus Circle on the west side to Park Avenue on the east, you’ll soon find more than a half-dozen glittering and ultra-exclusive condominium towers that will offer unparalleled views of Central Park — and virtually the entire city. Welcome to Manhattan’s Billionaires’ Row, the current trophy real estate of the 1%. The megaprojects, with some penthouse floor plans such as those at 432 Park...

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Most expensive house to be publicly offered for sale in the UK to be stripped of everything including the kitchen sink

August 11, 2015

When we last featured 2 – 8a Rutland Gate opposite Hyde Park in Knightsbridge in 2013, it was not officially on the market and priced at the staggering sum of £300 million. It is now for sale again at an undisclosed price and will be stripped of its entire contents after an auction on the 14thand 15th July. Extending to 60,000 square foot in total and only slightly smaller than a football pitch in its size, the 45-bedroom property spans four b...

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Euro Crash: Continental Real Estate on the Cheap

August 11, 2015

Just a few months ago, purchasing a second home in Europe seemed like an impossibility — let alone a terrible investment. But with the rebound in the American economy and the euro coming close to parity with the dollar — down 12 percent in 2015 alone — that villa on Lake Como isn’t looking so expensive after all. Since Christmas, real estate experts say, savvy buyers have been taking advantage of their increased purchasing power and pluc...

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In South Florida, Two Penthouses With Rooftop Pools For $35 Million

August 11, 2015

Two penthouses north of Miami, each with its own rooftop pool, will soon hit the market for $35 million apiece. The luxury condo tower they will cap has not yet broken ground, and is scheduled for completion in early 2018. But the marketing is beginning. The penthouses will top the new Turnberry Ocean Club, a 154-unit new waterfront luxury condominium tower in Sunny Isles Beach, Fla., north of Miami Beach. Each contains six bedrooms, 9.5 bat...

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