Luxury Property Blog » For Professionals

STRIBLING & ASSOCIATES AND COOPER SQUARE REALTY FORM STRATEGIC ALLIANCE

Mark Knowles — Tue, 17 Nov 2009 10:31:44 +0000

Stribling & Associates, one of New York City’s most respected residential brokerage firms, and Cooper Square Realty, the largest residential property management company in New York City, announced that they have formed a strategic alliance to benefit the New York City residential market. Stribling agents will now be assigned to handle sales transactions in residential properties managed by Cooper Square.

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Toll Brothers Stock Jumps on Better than Expected Q4 Earnings

Mark Knowles — Thu, 12 Nov 2009 02:11:25 +0000

Toll Brothers, Inc, today reported preliminary results for its fourth quarter and fiscal year ended October 31, 2009.

FY 2009’s fourth-quarter net signed contracts of approximately 765 units and $430.8 million rose 42% in units and 62% in dollars compared to FY 2008’s fourth-quarter totals. FY 2009’s fourth-quarter totals also exceeded FY 2007’s fourth-quarter net signed contracts by 17% in units and 18% in dollars. These increases were achieved despite having fewer selling communities: During FY 2009’s fourth quarter, the Company averaged 215 selling communities, down 26% from 290 in FY 2008’s fourth quarter and down 32% from 315, its fourth-quarter peak, in FY 2007. The Company’s contract cancellation rate, (current-quarter cancellations divided by current-quarter signed contracts) was at 6.9% in the fourth quarter of FY 2009, which was in line with its pre-downturn historical averages.

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Buying a Luxury Home in China

Mark Knowles — Wed, 11 Nov 2009 03:51:25 +0000

It has been a while since I featured a “worst youtube luxury real estate video,” but I came across this one while investigating the latest Clash of the Titans trailer on youtube and couldn’t resist. This one is so bad it is excellent though.

Jones Lang LaSalle Report on Class “A” Commercial Property

Mark Knowles — Thu, 05 Nov 2009 12:08:51 +0000

The first half of 2009 saw a growing trend among law firms to relocate to fully built-out space that had been occupied by another firm according to Jones Lang LaSalle’s , Global Legal Perspective 2009. According to the report, across the U.S. there is more than six million square feet of available built-out law firm space.

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Beach Properties of Florida Sees Smoother Sailing

Mark Knowles — Wed, 28 Oct 2009 13:35:03 +0000

Recently, I had the opportunity to sit down with Beach Properties of Florida Co-Owners and Sales Executives Price Rainer and John David Sullivan, and Sales Executive Bobby Johnson, and pick their brains about what’s happening in the South Walton Real Estate market. They seem relatively confident that some positive changes are on the horizon for their waterfront property boutique real estate agency in South Walton. Below are a few highlights of our conversation:

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Downtown Corpus Christi Loft Condominiums to Sell at Auction

Mark Knowles — Fri, 16 Oct 2009 07:16:02 +0000

The only lofts in Downtown Corpus Christi, will sell at real estate auction on Sunday, October 25 at 2 p.m. at the Bayfront Tower of the Omni Corpus Christi Hotel.

J. P. King Auction Company, a luxury real estate auction company specializing in high-value properties and condominium developments, will sell 28 Atlantic Loft condominiums with 15 selling absolute with no minimums or reserves.

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Luxury Real Estate in Manhattan – Price per Square foot still falling but sales are up

Mark Knowles — Thu, 15 Oct 2009 08:22:24 +0000

The latest Manhattan luxury market report from Prudential Douglas Elliman contains mixed news. Unsurprising as the ongoing credit crunch means those sellers who can afford to wait are simply removing their listings and those buyers who can also wait it out for the opposite are sitting on the sidelines as well. Having said that, sales in the luxury sector were up in the third quarter compared to the previous quarter, although still down considerably from the year before.

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The Lofts Developer Hosts Four-Week Design Showcase and Public Tours to Benefit Habitat for Humanity of Greater Los Angeles

Mark Knowles — Tue, 13 Oct 2009 07:16:04 +0000

REthink Development, a Los Angeles-based sustainable real estate developer, is proud to announce the completion of the Lofts @ Cherokee Studios (www.loftsatcherokeestudios.com), a 12-unit live/work loft development expected to achieve LEED Platinum certification from the USGBC, an accomplishment that marks it as the first building of its kind on the West Coast.

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Luxury Villas Near St Tropez

Mark Knowles — Thu, 01 Oct 2009 06:55:52 +0000

One of the latest additions to the luxury property listing site is an unusual new development of “Bastide,” type villas overlooking the bay of St Tropez. A Bastide is a local Provencal name for a manor house. Originally, these manor houses were typically owned by a wealthy farmer, or in more recent times, from the 19th century, they have tended to be summer house owned by wealthy Parisiens or citizens of Marseille.

Toll Brothers CEO makes 50 million dollars and Two respected Chicago Firms Merge

Mark Knowles — Wed, 16 Sep 2009 07:55:16 +0000

Here is an interesting fact. Robert Toll, CEO of Toll Brothers Inc – the luxury home builder – has just sold 791,000 shares in the company after the share price jumped to around $23 following on from an upbeat report where Mr. Toll said, “We believe declining cancellations and more solid demand indicate that the housing market is stabilizing,” after the company posted a loss of $472 million.

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