Luxury Property Blog

Signature Sotheby’s International Opens Commercial Division

Mark Knowles — Fri, 03 Jul 2009 08:35:59 +0000

Signature Sotheby’s announced it has expanded its luxury real estate operation by opening a new commercial group including Richard Bradway, Clint Conway, Carol Dahlin, Kara Kokorelis, Mike Migone, and Brian Snyder.Mike Migone’s experience includes both commercial and residential sales focusing on waterfront properties, resort hotels, hotel purchasing and conversions, condominium conversions, land development, industrial sales and leasing, net lease investment properties and site selection for national retailers. (...)

Manhattan Luxury Real Estate Prices Fall Dramatically

Mark Knowles — Thu, 02 Jul 2009 09:40:04 +0000

Manhattan luxury real estate prices fell between 17 and 29% in the second quarter of 2009. (...)

How to Survive the Real Estate Crisis in Hebrew by Miki Naftali

Mark Knowles — Wed, 01 Jul 2009 04:36:45 +0000

Miki Naftali, President and CEO of Elad Group (and its subsidiary, Elad Properties), a leading international developer and owner of prime residential and commercial real estate will be giving a lecture entitled “How to Survive the Real Estate Crisis,” at 6:30 pm today at Morrison & Foerster, LLP, 1290 Sixth Avenue (between 51st and 52nd St.), New York, NY. (...)

James Bond Building put up for sale

Mark Knowles — Tue, 30 Jun 2009 07:41:31 +0000

If you are a James Bond fan, here is an interesting opportunity. The former Midland Bank HQ in the City of London’s financial district has just been offered for sale - again. (...)

Dubai Mergers offer Possible Escape from Collapse

Mark Knowles — Mon, 29 Jun 2009 09:19:45 +0000

The global financial crisis has taken a serious toll on Dubai, and the latest news from the emirate suggests things are far worse than the government is prepared to admit to. (...)

Frank Lloyd Wright’s Ennis House for sale $15 million

Mark Knowles — Fri, 26 Jun 2009 06:45:07 +0000

A crowning achievement of Frank Lloyd Wright’s textile-block design, the Ennis House is the largest and boldest execution of this iconic architectural style. (...)

Lakefront Estate in NC goes to Auction

Mark Knowles — Thu, 25 Jun 2009 07:53:13 +0000

Ignoring the superlatives, this is an interesting statement about the current state of the luxury real estate market. This is JP King’s press release about an upcoming lakefront estate auction. (...)

Luxury Condo Development in New York Fails

Mark Knowles — Wed, 24 Jun 2009 05:20:21 +0000

A $12 million luxury condominium project in Loudonville, NY has been stopped indefinitely and the developer is saying “luxury living and this market just don’t mix.” The project was started October 2008. (...)

Debtenfreude

Mark Knowles — Tue, 23 Jun 2009 06:15:54 +0000

Debtenfreud - "taking pleasure in another's real estate pain." As the credit crunch continues to depress real estate prices across much of the world, even in some very high profile regions, a new term has been coined in Los Angeles - debtenfreude. (...)

Refinancing with poor credit

Mark Knowles — Mon, 22 Jun 2009 06:48:04 +0000

"W" hotel is a warning shot across the bows of luxury hotel industry While many individuals are facing issues refinancing with poor credit, the malaise is spreading into the luxury hotel and commercial real estate sectors now. (...)