Asian buyers eye Miami properties

As South Florida transitions into a major trading centre, growing numbers of Asian investors are looking towards the Miami market. Asian buyers, especially from China and Japan, have been increasingly purchasing residential real estate in top international destinations, such as New York, California, Hawaii and the UK, according to a report in Miami Today. Other […]

Miami market property continues to see unprecedented sales in third quarter of 2013

Following record breaking sales activity for nearly three years, the Miami real estate market saw unprecedented growth in the third quarter of 2013 as demand for local real estate and limited supply continue to fuel double digit growth in prices. The latest figures from the Miami Association of Realtors shows that there was a significant […]

Pending residential sales fall in the United States for fourth month in a row

Pending home sales in the United States declined for the fourth consecutive month in September, according to the latest data from the National Association of Realtors. The Pending Home Sales Index, a forward looking indicator based on contract signings, fell 5.6% to 101.6 in September from a downwardly revised 107.6 in August, and is 1.2% […]

Flat out: Facebook to build luxury apartments for staff as nearby property soars

Free bike repairs, free computer accessories, free frozen yogurt, an onsite barber and dry cleaner, a classic video arcarde and soon, 394 new luxury apartments within walking distance of one’s desk. It’s no secret that Facebook offers a raft of perks to keep its employees focused on keeping its customers happy, and it’s about to […]

The $100m gamble behind billionaire Larry Ellison’s America’s Cup win

Oracle Team USA has won the America’s Cup against Emirates Team New Zealand, after a dramatic come-from-behind victory by the Americans in San Francisco Bay. The US won the three-week event with nine race wins after clawing back an eight-to-one lead by the New Zealanders. The winning team was funded by billionaire Larry Ellison, who […]

Empire State Building set for IPO in one of the largest REIT deals ever

Longing for a listed property investment more exciting than another cookie-cutter mall or office block? Your REIT dreams could be about to come true as New York City’s Empire State Building heads for a initial public offering. The New York Times reports the Malkin family has convinced more than 80 per cent of the roughly 3000 owners […]

Packer plunges $330 million into American real estate portal Zillow: Has he found the next REA?

James Packer has become the second-largest shareholder of Zillow, plunging $330 million into the Seattle-based real estate website. A 9.3% stake was bought yesterday by Packer-controlled Cavalane Holdings, which bought 3 million shares for Packer’s Consolidated Press International Holdings yesterday. It’s not the first time Packer has ploughed money into online marketplaces. Packer, along with close […]

Why vulture investors are finding less to feed on

The quest for distress is getting a lot tougher for Ramzi Hassan. The real estate crash created opportunities galore for investors like Mr. Hassan to buy commercial properties on the cheap as lenders unloaded bad loans or foreclosed buildings. But there’s less carrion for the vultures to feed on nowadays, as rising rents, occupancies and […]

Versace Miami Mansion Sells at Auction for $41.5 Million

Casa Casuarina, the 10-bedroom Miami Beach mansion where fashion designer Gianni Versace was shot and killed, sold at an auction today for $41.5 million to a group including the owners of Jordache Enterprises Inc. VM South Beach LLC, whose principals include part of Jordache’s Nakash family, beat a $41 million bid by Donald Trump for […]

Lippo Seeks U.S. Property Assets on Signs of Economic Recovery

Lippo Group, an Asian investor of property and banks founded by Indonesian tycoon Mochtar Riady, is seeking real estate acquisitions in the U.S., encouraged by signs of recovery in the world’s biggest economy. “We can consider anything as long as it’s in property,” Riady, 84, said in an interview with Bloomberg Television at the World […]

Steve McQueen’s Pioneer Moon Ranch for sale for $7.4 million

Steve McQueen has been hot lately – even if he’s been dead for more than 30 years. Items associated with the legendary Hollywood actor have been going for big dollars, such as the watch he wore in the film LeMans selling for $800,000 recently at auction. Now you can own McQueen’s former home, the 500+ acre Pioneer […]

New York firm Cohen & Steers takes 5pc bite of Federation

HAVING spent more than $56 million since March to acquire securities in the Melbourne-based Federation Centres, leading global property securities investor Cohen & Steers has emerged as a substantial shareholder. The New York-based firm notified the Australian Securities Exchange last Friday that as of July 23, it held more than 71 million securities, giving it […]

Aussie start-up Planwise takes technology to a million US real estate agents

Real estate has changed less than many industries in recent years despite the inroads of technology, but in the US the industry body isn’t complacent about that. The National Association of Realtors, which has more than a million members, has its own industry accelerator for start-ups that could benefit its members, and it has just brought […]

Everything must go! How to buy Versace’s mansion for 80% off

It was once listed as one of America’s most expensive homes, but Casa Casuarina, the former home of fashion icon Gianni Versace, is about to head to a bankruptcy auction – and could go for 80% off the original asking price. The Miami South Beach estate, known colloquially as ‘The Versace Mansion’ due to its […]

CBRE new appointment – global head of research

CBRE Group Inc. today announced that Nick Axford, PhD, has been named Global Head of Research, a new position. Dr. Axford is currently Head of Research for CBRE’s Asia Pacific business, and will assume his new global responsibilities immediately. In this global role, Dr. Axford will have overall responsibility for managing the operations of CBRE […]

Former D.C. Home of Dominique Strauss-Kahn Sells for $3.3 Million

The Washington home of Dominique Strauss-Kahn, the former International Monetary Fund chief, has sold for $3.3 million, according to public records. The two-story, Federal-style townhouse in Georgetown has three bedrooms and 4½ baths. It includes two fireplaces, a modern kitchen, a black-and-white master suite and an outdoor pool and patio. The home, which was built in […]

FOR SALE: Wildcat Ridge, CO 81611 Snowmass, United States USD $31.5 million

Magnificent residential property located in a peaceful location close to access roads. Authentic interior with high ceilings and beautiful floors. Stunningly finished using only the best materials. This exclusive property has everything anyone could need in terms of comfort and luxury. Beautiful building ground for detached house in a quite estate within a green, rural […]

High and Mighty

The Frank Gehry–designed New York by Gehry tower, which was completed in the spring of 2011, rises 76 stories over Lower Manhattan and stands 870 feet tall, making it the tallest residential building in North America. Also lending to the structure’s unmistakability is its asymmetrical steel facade, which appears to ripple like fabric. Ninety-six percent […]

For sale: 3820 Sunridge Drive, Whistler, Canada $9.75M CAD

Located on Whistler Mountain, this masterpiece home is in a class of its own. The 50’ high, 480 year old Cedar Log Post and Totem Poles which flank the indoor pool and waterfall are extraordinary! Poised in one of Whistler’s most exclusive neighborhoods, Sunridge Plateau, with extensive views of snow capped mountains and the Golf […]

6 GALLERY PLACE NEWPORT, $USD 10.8M

6 Gallery Place is an estate of timeless elegance. In a tradition that evokes a world of forgotten refinement, 6 Gallery Place is a masterpiece of flawless craftsmanship, superb styling, and a location which provides the treasured views of Pelican Hill Golf Course, Newport Beach city lights, and the Pacific Ocean.The home rests atop a […]

MIAMI BEACH’S MOST SUBLIME PENTHOUSE ~ LIKE WINDOWS ON THE WORLD $39M

SWEEPING PANORAMIC OCEAN & MAGICAL CITY VIEWS FILL ALL 4 LEVELS OF MIAMI’S MOST SUBLIME PENTHOUSE…LIKE WINDOWS ON THE WORLD! The Space feels like a finely appointed N.Bay Road Waterfront Residence in the Sky w/12′ high ceilings, private elevator & OVER 11,000sf of Interior living space that flows perfectly for family living w/staff quarters…topped off […]

Radio Host Casey Kasem Is Selling His Crazy LA Mansion For $42 Million

Radio personality Casey Kasem — former host of the American Top 40 for almost four decades — has listed his Holmby Hills mansion for $42 million, according to the Redfin Blog. The 1954 estate is 12,000 square feet and includes seven bedrooms, a library, and 11.5 bathrooms decorated with antiques and European-style art. The property itself is also […]

The Most Expensive Apartment In New York

A triple-storey penthouse on top of one of New York’s best hotels is due to break the record books by going on sale for an eye-watering $120 million. The penthouse, inside the luxury Pierre hotel on Fifth Avenue and Central Park, is a 12,000-square-foot triplex with a ballroom, four terraces, and views of Central Park. […]

DEXUS announces the sale of remaining US industrial property

DEXUS Property Group this week announced that it has entered into an unconditional agreement to sell its remaining US industrial property located at 3550 Tyburn Street & 3332-3424 North San Fernando Road, Los Angeles,known as “Glendale”. The property was sold for US$56.2 million, in-line with the 31 December 2012 book value and representing an initial […]

Larry David’s Pacific Palisades Home

Larry David’s Pacific Palisades home has hit the market, with an asking price of $14,999,000. The 10,000 square feet home of the Curb Your Enthusiasm star has ocean views, a pool house, seven bedrooms, 10 bathrooms and multiple fireplaces. The master suite has a large deck with views stretching across the Pacific Ocean, the pier […]

Westfield sells half interest in six Florida malls for US$1.28 billion

Westfield  Group  has sold half of its interest in six Westfield regional malls in Florida to O’Connor Capital  Partners for US$1.283  billion. O’Connor’s investment will represent a 49.9% interest in this portfolio, which has a gross value of US$1.283  billion. Westfield will remain as property, leasing and development manager on terms consistent with the Group’s other joint ventures. […]

Silicon Valley Estate Relists For $27 Million

An approximately 30,000-square-foot home on 8 acres in Los Altos Hills, California, has been relisted for $27 million. The sellers, investment banker Kelly Porter and his ex-wife, interior designer Christina Porter, originally listed the home for $45 million in 2008. It was reduced to $38 million and then $28.5 million in 2009 before it was […]

An Art Collector’s Virginia Estate Asks $21 Million

The Virginia estate of Ursula and the late George Andreas, a contemporary-art collector and artist, is on the market for $21 million. Located in the hunt country of Virginia, about an hour from Washington, the 61-acre property, named “Fidelio” after Beethoven’s opera, has a 12,000-square-foot neoclassical villa with 6 bedrooms, 5 baths and 2 half-baths. It has […]

Fort Lauderdale Home Goes On The Market For $32 Million

A Georgian-style home in Fort Lauderdale, Florida, is on the market for $32 million, currently the highest list price in Broward County. The 20,000-square-foot waterfront home has nine bedrooms, eight full baths and three half baths. It includes two kitchens, a wine cellar, hand-carved moldings and a master bathroom with white onyx. Located in the Rio […]

Southampton Estate Returns To Market For $45 Million

Southampton’s Linden Estate is back on the market, this time for $45 million through Corcoran Real Estate Group. According to Curbed Hamptons, it was previously listed for four long years before supposedly being sold to James H. Clark, co-founder of Netscape, and his Australian swimsuit model wife last summer for an undisclosed price. But it seems the […]

Late Investor Martin Zweig’s Legendary Penthouse Could Sell For $120 Million

The penthouse apartment that belonged to late investor Martin Zweig could soon hit the market for between $100 million and $120 million, sources told The New York Post. The penthouse, inside The Pierre on Fifth Avenue and Central Park, is a 12,000-square-foot triplex with a ballroom, four terraces, and views of Central Park, according to Curbed NY. […]

Miami’s Priciest Condo Sells For $34 Million — And It’s Not Complete Yet

The Miami real estate market has been on a tear lately, and a South Beach condo just broke a new record.The condo — actually a pair that sold to the same buyer — is in the Miami Beach Edition, and went for $34 million. At that price, it’s the most expensive condo ever sold in South […]

Bubba Watson Bought Tiger Woods’ Infamous ‘Scandal House’

In an interview with Golf.com, Bubba Watson revealed that the home he bought in the summer of 2012 in Florida was Tiger Woods old house in Orlando, Fla. Yes, the house where the Woods scandal all began to unfold when he crashed his car into the fire hydrant. Watson didn’t say how much he paid for the home but Woods […]

Taking the West out of Hollywood: Kanye lists bachelor pad for $3.3million

His Couture-level flow is never going on sale, but his bachelor pad certainly is. As reported previously in Real Estate News, Kanye West and Kim Kardashian have recently purchased for their new family an $11 million home in Bel Air, so Kanye is shedding his Hollywood Hills residence for an asking price of $3.3million. The property […]

See The View From The Tops Of The World’s Tallest Skyscrapers

It seems like every year architects and engineers push boundaries and shatter records to erect the new tallest building.The Burj Khalifa was named the tallest building in the world in 2010 at 2,717 feet, and the London Shard’s observation tower opened on the tower’s 72nd floor this week. Jennifer Polland Source: Business Insider

Tommy Lee Jones Is Selling His Florida Polo Farm For $26.75 Million

Actor Tommy Lee Jones has just listed the 50-acre polo farm he owns in Wellington, Fla. for $26.75 million, according to a South Florida gossip blog. Jones bought the property a decade ago and built the equestrian center himself. The Lincoln star is a known polo lover who also owns a ranch in Texas. In addition […]

Alicia Keys sells luxury New York apartment for $15 Million

Singer Alicia Keys has sold her amazing New York apartment, located at 30 Crosby Street. Three years ago, Alicia and her husband Swizz Beatz purchased the penthouse from Lenny Kravitz for $12.75 million. The musical couple is heading to the suburbs, as they’re buying Eddie Murphy’s New Jersey mansion which features a recording studio. The New York […]

Ritz-Carlton Lake Tahoe Sold For Millions Below Original Cost

A Southern California real estate investment firm has purchased the Ritz-Carlton hotel at Lake Tahoe from a group of lenders at a steep discount from its original cost. Kennedy Wilson also acquired the 23 ownership units that occupy a private wing of the luxury hotel, located on the slopes of the Northstar ski resort. These […]

Home Prices in 20 U.S. Cities Increase by Most Since 2006

Home prices in 20 U.S. cities rose in December by the most in more than six years, a sign the housing-market recovery is strengthening. The S&P/Case-Shiller index of property values increased 6.8 percent from December 2011, the biggest year-to-year gain since July 2006, after advancing 5.4 percent in November, a report showed today in New York. The median projection […]

Strategies for the Spring Housing Scrum

It all seems so quaint now: the casual walk-throughs, the drives to check out the neighborhood, the luxury of sleeping on the largest financial decision you’ll likely ever make. Trying to buy a home now feels more like being thrust into the trading pit at the Chicago Mercantile Exchange — the frenzied bidding, the need for lightning-fast decisions, the packs […]

Private Properties – USA

A former apparel executive lists a Colorado ranch for $12.95 million; a Lake Tahoe home sells for $11.875 million; Carmen Marc Valvo snips the price of his New York apartment to $15.95 million. Source: The Wall Street Journal

Kim Kardashian Was Here: Miami Home Lists for $14.5 Million

Emilio Vega, founder and chief executive of construction company Structural Prestressed Industries, has listed his 16,500-square-foot waterfront estate in Miami for $14.5 million. The home is also known as the place Kim Kardashian and her sister Kourtney rented last fall while filming the current season of their reality show “Kourtney & Kim Take Miami.” Called […]

Top Five Properties Sold In Park City In 2012

In addition to being the home of the Sundance film festival Park City, Utah is always a popular winter sports destination with three major ski resorts in the area. Those who live there full time enjoy both a winter full of snow and a summer full of great hiking and outdoor activities. Luxury real estate […]

Miranda Kerr selling New York Pad for $1.3 million

Australian model Miranda Kerr is selling her New York apartment in the Jade Building (designed and named after Jade Jagger) for $1.3 million, quashing rumours her and husband, Pirate’s of the Caribbean star, Orlando Bloom are splitting. A source said Miranda wants more space for her family, now with husband and baby boy Flynn in […]

Bay Area Boom, A High Line Hot Tub, And More

A Beaux-Arts style home in San Francisco’s Pacific Heights is coming on the market with an asking price of $16.5 million. The seller is the estate of Frances D. Alioto, who died in November 2012. Mrs. Alioto and her late husband, Frank, owned the Fisherman’s Wharf landmark Alioto’s Restaurant, which the family started in 1925 […]

Property flipping wizard Engelo Rumora not in Australia anymore as he tries Kansas City

Engelo Rumora – a 24-year-old property flipper – has left the lucky country to try his luck in the United States property market. Rumora has a knack for finding undervalued assets that, after major or minor renovation, can be rented for a positive cash flow outcome. Property Observer reported on a repeatedly graffitied, vandalised, run-down Moree, NSW […]

Las Vegas UFO Aficionado Bets $500 Million on Space Hotel

Robert Bigelow got rich off budget hotel suites that start at $189 a week. Now they are funding his dream of building inflatable space habitats with rates topping $400,000 a day. For the Las Vegas businessman, his desire to build low orbital dwellings is the ultimate gamble. He has bet $500 million of his own […]

Pending Sales of Existing Homes in U.S. Decreased 4.3%

Pending U.S. home sales declined in December for the first time since August, showing uneven progress in the housing market.
The index of contracts for the purchase of previously owned homes fell 4.3 percent to 101.7 after a revised 1.6 percent increase, the National Association of Realtors reported today in Washington. The median forecast in a […]

New York City’s Empire State Building Shines Bright

When owner Anthony Malkin found his Empire State Building’s dominance of the New York skyline under attack, he turned to Hong Kong for an idea that could dazzle any rival into submission: light. The 1,200 newly installed lamps now illuminating the skyscraper’s famous spire have brought the most visible change to the Art-Deco building since […]

Jeremy Renner’s $24.95 Million Beverly Glen Estate

The star of “The Avengers,” and “The Bourne Legacy” star Jeremy Renner may have two Oscar nominations to his credit, but he is also a savvy real estate man, having flipped several houses over the years. What’s up next? A 10,000-square-foot Beverly Glen estate, according to the Los Angeles Times. The 6-bedroom, 11-bath, single-story mansion […]

A New Lease on Luxury


They’ve got the money to buy trophy homes – but for now, they’d rather rent. Hoping to keep cash liquid while watching the direction of the market, more people are paying big sums for temporary digs. When real-estate developer Don Peebles moved his family to Manhattan from Coral Gables, Fla., he decided to combine two […]

Penthouse Sells for $27 Million, Setting Record for Miami Beach

A 7,100-square-foot penthouse in Miami Beach has sold for $27 million, the highest price ever paid for a private residence there, according to Mark Zilbert, chief executive of Zilbert International Realty, which brokered the deal. It’s also the most expensive condo ever sold in Southeast Florida, according to Mr. Zilbert. The penthouse is located atop […]

Kim and Kanye buy $11 million Bel Air mansion big enough for baby

TMZ have reported, after rigorous house hunting, Kim Kardashian and Kanye West (or Kimye) have found an $11 million mansion in a gated community to settle down and start their family in. With Kim currently pregnant and expecting their first child in June, the couple are buying a house big enough for the whole family. […]

Tom Brady and Gisele Bundchen’s $20 million dream home

  Model Gisele Bundchen and New England Patriots quarterback Tom Brady’s $20 million California dream home is finally finished, as photographs surface showing the amazing property following completion. Located in elite Brentwood outside Los Angeles, the mansion is 22,000-square feet and features eight bedrooms, a six-car garage, a lagoon-shaped swimming pool with spa, a weight […]

STEVE JOBS’ HOME IN PALO ALTO

PALO ALTO, Calif. — A California man accused of breaking into Steve Jobs’ house and stealing computers and the Apple Inc. co-founder’s wallet has pleaded no contest to burglarizing homes across the San Francisco Bay area. According to Huffington Post, McFarlin was initially charged in August with one count each of residential burglary and selling […]

Worlds Tallest Modular Building Breaks Ground in New York

News: New York mayor Michael Bloomberg will today lead the groundbreaking ceremony for the world’s tallest modular building, a 32-storey residential tower in Brooklyn’s Atlantic Yards development by Manhattan-based firm SHoP Architects. At the groundbreaking, developers Forest City Ratner will display one of the 930 modular chassis that will be combined to build the tower, called B2. More than 60% of […]

Rapper Pharrell Williams’ $16.8 Million Miami Penthouse

Rapper and producer Pharrell Williams has put his Miami penthouse on the market for a staggering $16.8 million. Located on the 40th floor of the Bristol Tower, it’s located in Miami’s busines district, Brickell. The 9080 square-foot, tri-level unit boasts 360 degree views, 5 bedrooms and 6.5 baths. There’s also a pool, movie theater, and […]

Mackenzie Capital offers to buy Empire State Building units

MacKenzie Capital Management LLC is offering to buy up to 170 ownership units in Empire State Building Associates LLC, which owns the iconic New York skyscraper, for $110,000 a unit, and said it would support a plan to fold the building into a proposed real estate investment trust (REIT), according to regulatory documents filed on […]

Retreat Away From The World’s Turmoil To Neverland

Where can you find a place that has no traffic, clean air, perfect temperatures and can never be spoiled? Michael Jackson chose this area for his famous ranch, Neverland. Demand exceeds the supply of existing properties and zoning does not allow for more development. Still, the prices are a great value with Santa Barbara only 33 […]

425 Park Avenue skyscraper by Foster + Partners

Foster + Partners has won a competition to design a 200-metre skyscraper for Lehman Brothers Holdings and partner L&L Holding Company in New York. Located in the heart of New York’s famed Plaza District, 425 Park Avenue will be the first full-block office development on this historic stretch in nearly half a century. The tower […]