Home sales in the Hamptons, the Long Island beach retreat for summering
Manhattanites, jumped to a five-year high as both the priciest mansions
and entry-level properties attracted buyers.
by
Karen DeMasters
Regis Metro Associates Inc. has launched a fund for high-net-worth investors that provides
access to customized portfolios of direct real estate investments.
Luxury-home
prices in Brooklyn, New York's most populous borough, increased 5.4
percent in the second quarter as buyers sought the most expensive
properties in a market with limited inventory.
Sam Nazarian, the
Los Angeles restaurant and nightclub owner, plans to open an $85
million SLS Hotel in New York, the first in the city for the luxury
brand.
Huang Nubo, the
Chinese billionaire whose bid to buy Icelandic land was blocked by the
local government last year, said he's secured a deal to lease the
property instead, helping him revive his...
A millionaire property developer was ordered to pay $1.3
million after failing to disclose
offshore funds at HSBC Holdings Plc's Swiss private bank.
by Colleen O'Dea
The ultra-rich are lining up to buy condos at one57, a towering glass high-rise that is changing the face of Manhattan luxury housing.
Thousands of
rent-controlled tenants in Mumbai
are being turned into millionaires by developers tearing down crumbling
colonial mansions to build luxury towers for the rich.
Oracle Corp. Chief Executive Officer Larry Ellison has agreed to buy 98
percent of the Hawaiian island of Lanai, according to the current
landowner and the state's governor.
Billionaire John Paulson bought Hala Ranch, a 90-acre property in Aspen, Colorado, that belonged to Saudi Prince Bandar bin
Sultan, and a separate site in the town for $49 million.
by
Karen DeMasters
Many high-net-worth investors see opportunities in the once moribund real estate market, but some don't even view their homes as stable investments, according to a new study.
A
duplex penthouse at a tower under construction on Manhattan's West 57th
Street went under contract for more than $90 million, setting a record
for a single residence in the borough.
Bidding wars
are breaking out for luxury homes in wealthy Los Angeles enclaves as an increasing number of
buyers bet on rising home prices and investors return to the market.
JPMorgan Chase
& Co.'s top spokesman sold his four-story
townhouse in Manhattan's West Village for $6.7 million, more than three
years after first putting it on the market.
by Thomas M. Kostigen
Maxwell Drever looks for high financial and social returns in a real estate strategy that focuses on renovating urban multifamily housing.
The U.S. Supreme Court rejected a challenge to New York City's
decades-old rent-stabilization system, leaving intact rules capping
prices on almost a million units.
A bankrupt real estate agent's hilltop mansion, conceived during
Southern California's property boom and once given an estimated value of
$87 million, is going up for auction.
Investors from Donald Trump to luxury homebuilder Toll Brothers Inc. are
wagering there's money to be made buying golf courses.
The $35 million estate of Bradley H. Jack, the former Lehman Brothers
managing director who was arrested for allegedly
forging drug prescriptions, may be sold at a municipal auction.
Michael Jordan, who led the Chicago Bulls to six National Basketball
Association championships during his Hall of Fame career, is selling his
suburban home for $29 million.
