Today And Tomorrow: A Tale Of NYC’s Multifamily Market

May 11, 2022

New York City Ariel Property Advisors The first quarter of 2022 for the New York City multifamily market experienced robust growth with $2.87 billion closed, well above the five-year quarterly average of $1.90 billion, according to research from Ariel Property Advisors. That sum includes Black Spruce’s $837 million purchase of The American Copper Buildings which accounted for 29% of New York City’s total dollar volume. But The American Copper, for example, was a result of last ye ...read more

Legendary Spelling Manor Estate In Los Angeles Lists For $165 Million

May 11, 2022

  The storied Spelling Manor sits on close to five acres in the Holmby Hills neighborhood of Bel-Air. Hilton Hyland The last time the Spelling Manor changed hands was in 2019, when it sold to an undisclosed buyer for $119.75 million—the highest recorded residential sale ever for Los Angeles County at the time. Fast-forward three years and the famed estate’s current price of $165 million wouldn’t come close to breaking the new California record set a year ago when ven ...read more

A Rare First Period House Hits The Market In Ipswich, Massachusetts

May 11, 2022

The classic, simple proportions of rare historic houses are on display in Ipswich, Massachusetts Photography By Corinna First Period houses are the timber-framed dwellings built by the 17th century settlers of the New World who relied on a medieval building style already out of fashion in the Old World. They were the building style of New England from the period following the initial settlement of the English in Massachusetts in 1620 to the emergence of Georgian-style architecture around 170 ...read more

First Quarter Of 2022 Brings Double-Digit Price Appreciation For 70% Of Metros

May 12, 2022

Half of the nation’s top 10 most expensive markets were in California, including San Jose. getty The first quarter of 2022 saw more markets reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors’ latest quarterly report. Seventy percent of 185 measured metros experienced such price gains, up from 66% in the preceding quarter. These increases come as median single-family existing-home prices rose at a faster rate nationa ...read more

Legendary Spelling Manor Estate In Los Angeles Lists For $165 Million

May 12, 2022

The storied Spelling Manor sits on close to five acres in the Holmby Hills neighborhood of Bel-Air. Hilton Hyland The last time the Spelling Manor changed hands was in 2019, when it sold to an undisclosed buyer for $119.75 million—the highest recorded residential sale ever for Los Angeles County at the time. Fast-forward three years and the famed estate’s current price of $165 million wouldn’t come close to breaking the new California record set a year ago when venture capital ...read more

Elegant Chateau Benefits From Its Location In France’s ‘Golden Slope’ Wine Region

May 12, 2022

The chateau is set on 6.5 hectares or 16 acres with a pond, a tennis court and a swimming pool. Groupe Mercure Brazey-en-Plaine is a village in eastern France’s Côte-d'Or department in the Bourgone-Franche-Comte region. Côte-d'Or takes its name from the escarpment that is the site of the famed Burgundy vineyards; hence, it is called as the “golden slope.” Besides a reputation as a wine-growing region, the area is known for its grains and potatoes, sheep and cattle farming a ...read more

To Find Space In A Historic New York Building, Look Up

May 13, 2022

Perched atop a turn of the century Beaux-Arts building, the new penthouse is clearly modern while ... [+] blending with the historic architecture VMI studios Atop a landmarked Beaux-Arts building dating to the turn of the 20th century in Manhattan’s Carnegie Hill, a pavilion rises above the roof, its clean lines and vast windows unabashedly announcing this as a brand new luxury penthouse. The Wales Hotel was built in 1899 and operated as a hotel until recently, when it was converted t ...read more

Ditch The Chalk: Tessa Lau’s Dusty Robotics Raises $45 Million To Automate Construction Plans

May 13, 2022

Dusty Robotics cofounder and CEO Tessa Lau: “So far we have been limited by not being able to build as fast as they want us to.” Courtesy of Dusty Robotics Dusty Robotics built an autonomous printer on wheels for construction sites. The company is now worth $250 million. When Tessa Lau was remodeling her home, she watched her contractor get down on his hands and knees with handheld tools to do the work. She saw small mistakes (shower heads installed in the wrong bathrooms necessitatin ...read more

George Rickey’s Kinetic Sculpture Dances At A Great Gilded Age Mansion

May 13, 2022

A great Shingle style Gilded Age summer cottage, Naumkeag is sited on a hillside overlooking lush ... [+] gardens. Gross and Daley Photography courtesy of The Trustees When New York’s Choate family summered at Naumkeag, there was dancing aplenty. The socially active family that was passionate about art, nature, gardens and travel lived large in the grand vacation cottage designed for them in the Berkshires of western Massachusetts by Stanford White. Eight acres of gardens created by A ...read more

Chief Economist For National Association Of Realtors Predicts Uncertainty For Housing Market

May 13, 2022

Housing supply appears to be on the upswing as builders increasingly construct new homes. AFP via Getty Images Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for the National Association of Realtors explains, there are significant questions regarding the sector’s direction over the coming months. “Housing kept the economy afloat ...read more

Forbes Global 2000: The World’s Largest Real Estate Companies In 2022

May 14, 2022

One Manhattan West near Hudson Yards in New York is one of Brookfield Asset Management's crown jewels. Getty Images Rising inflation across the globe had investors searching for safety in real assets in the last year, and many real estate companies were beneficiaries. The Dow Jones U.S. Real Estate index gained 35% in 2021, outperforming the SP 500 index’s 27% gain, and despite shedding 11% alongside the rest of the market in the first four months of 2022, most real estate firms (at ...read more

Crypto Just Became Real Estate’s Hottest New Thing. Here’s What That Means For Buyers, Sellers, And Developers

May 14, 2022

Adaptation from an evolutionary perspective is by nature a glacially unhurried process. It pans out even slower and more painfully when it comes to fundamental changes to the rules by which the real estate industry plays—many of which remain so outdated that they are analogously as irrelevant and inefficient as phones still attached to the wall. Which is why everyone—brokers, realtors, developers, buyers, sellers, and particularly cryptocurrency investors—should be paying close attentio ...read more

Rupert Murdoch’s Nephew Puts A Price On Landmark Melbourne Estate

May 15, 2022

The storied estate in an affluent neighborhood of Melbourne, Australia, was updated over a two-year ... [+] period. Private Properties Global A member of one of Australia’s most notable families is listing one of Melbourne’s most notable homes. Theater director Michael Kantor—nephew to media-mogul Rupert Murdoch—along with his wife, Silvia, are putting their Italianate mansion, known as Namarong, on the market with a price expectation of between AUD 22 million and 24 mill ...read more

Luxury Apartment Offers A Prime Spot In Central Paris For $7 Million

May 15, 2022

The light-filled apartment is on the fourth floor of a 1910 building. Groupe Mercure Paris’ 8th arrondissement, or district, is widely known for the famed Champs Elysees, the wide upscale retail street that links the Arc de Triomphe monument and the Place de la Concorde public square. Every July, television spectators from around the world watch the corridor closely as the annual Tour de France bike race concludes there. What may not be apparent to the public eye, is that the chi ...read more

As Hong Kong Relaxes COVID Rules The Luxury Market Gains Momentum

May 15, 2022

A drone takes in an aerial view of Hong Kong. getty The luxury real estate market in Hong Kong is exhibiting signs of recovery following weeks of stagnation as a result of another wave of the COVID-19 pandemic. During the first quarter of 2022, Hong Kong was fighting its fifth wave of the pandemic. As restrictions ease, real estate agents are optimistic that the high-end market is poised to take off, particularly now that buyers can view properties in person. Letizia Casalino, the direct ...read more