Just six months after acquiring luxury condo building Trump Hollywood, its new owner BH3 is excited to report the rapid rate the condos are selling at.
Businessman Ron Tutor’s position as construction executive at Tutor Perini Corp has earned him a more than modest place to reside when he’s not crunching numbers.
His completed mega mansion, sprawling across a mass of green, boasts a whopping 27,000 square feet, with 9 bedrooms, and 18 bathrooms.
The privileged who reside on “millionaire’s row” in Malibu take pride in their exclusive beachfront properties, one of them going to the lengths of paying nonprofit Access for All $250,000 plus lawyers fees to remove a public beach access point near her home, which happens to be one of the selectively exlcusive parts of the California coast.
International buyers are scooping up properties across Miami-Dade County, moving the local housing crisis farther away from the red zone.
In the past year over half a dozen mansions in Los Angeles have sold for $20 million or higher, and real estate experts believe this could signify a turnaround in the housing market.
Every cloud has a silver lining—try telling that to property owners in Las Vegas, whose market is down 50% from its all-time high. But apparently, the property investment firm HomeVestors and real estate data firm Local Market Monitor have done just that, and found a wan bright side to the state of struggling housing markets such as Ft. Lauderdale and Detroit.
The recent wave of stories from the co-op at 740 Park Avenue prove that in these harsh financial times even the owners of Manhattan’s most elite properties can be hugely affected by the economic climate.
New York City is fabulous. There has never been any doubt about that. It’s also one of the most sought-after places to call home, as evidenced by legendary real estate prices for some of the city’s prime spots. Curbed’s calculation of this year’s ten biggest real estate deals added up to a jaw-dropping $233,495,000 in sales with some bigwig names involved in many of those, including the Murdoch family (more than once), some movie stars, and a certain Facebook founder. Here’s the breakdown of the top ten:
In 2006, Updown Court, one of the largest and lavish private residences in the UK – about 20 or so miles outside of London – was spec-built and put on the market for £75,000,000 (about $145,000,000). Recently, the luxe residences were seized by the Irish government in a foreclosure proceeding after the property developer, Leslie Allen-Vercoe, failed to keep up the mortgage payments secured by the state – about £50,000,000, according to RealEstalker.
Highly respected art collector Ella-Fontanals-Cisneros, has proudly opened her doors for a grand tour of her lavish home in Coconut Grove which recently hit housing market. Priced at $14.5 million, the home is located in the beautiful Grovernor House condo building, taking up a massive 9,000 square-feet in interior, which also including a 2,700 square-foot rooftop balcony.