Education Key Factor for Asian Real Estate Investors

Unique Homes’ Nick Antonicello speaks about the importance of proximity to quality location for luxury buyers at the 2014 Asian Real Estate Association of America Global and Luxury Summit, reports China Daily.

The adage in real estate goes, “location, location, location,” but for Chinese investors looking for U.S. property, it might change to “location, education, and luxury,” said real estate marketer Nick Antonicello.

While location is important, wealthy Chinese are now looking for a combination of factors to spot real estate opportunities, one of the primary ones being proximity to quality education, said Antonicello, director of new business at Unique Homes.

These words came in a panel discussion at the Waldorf Astoria hotel in New York, part of the 2014 Asian Real Estate Association of America Global and Luxury Summit.

Elizabeth Harrington, North American publisher of the Hurun Report, a Shanghai-based publishing group best known for its annual “China Rich List,” said that the Hurun Report now releases a school guide series for its clients as well because of the demand for education information.

“We had wealthy individuals asking us about advice on schools – where to apply to, how to get in, what the process is – and that eventually led us to the School Guide Series,” she said. The series compiles listings of top preparatory, secondary, undergraduate and post-graduate schools, and features articles from famous alumni and leading figures at big-name schools.

The West Coast of the U.S. has always had the highest concentration of Chinese and Chinese Americans, and about 50 percent of Chinese real estate buyers focus on California because of the schooling opportunities.

“It is the education. Why is that important? We know that statistically, between 30 and 40 percent of specifically the Chinese students, mom and dad are buying them a house,” said Antonicello.

International students make up a $24 billion industry in the U.S. and real estate agents should realize the potential for even more education-fueled real estate investments,” said Bill Hunt, international business consultant at Keller Williams Worldwide. “As the world becomes a global economy, the United States and China play the key role in developing education.”

Read the full article here.


The Bergen to Launch Leasing in April 2014

Located in the heart of Brownstone Brooklyn in Boerum Hill, this boutique building offers renters sophisticated homes with sleek refined finishes.

The Naftali Group and AEW Capital Management have announced that leasing for The Bergen, located at 316 Bergen St. in Boerum Hill, will officially launch on April 18. The 8-story, 84-unit rental building will be exclusively leased and marketed by aptsandlofts.com, one of NYC’s leading privately owned full-service real estate brokerages.

“I am extremely proud of The Bergen. We have put a great deal of time and care into the project and I believe that we have truly set a new standard of design and lifestyle for a rental property in Boreum Hill,” said Miki Naftali, chairman and CEO of The Naftali Group. “We focused on every detail that we thought was important and approached the building as if it were a boutique hotel. The result was bold design, bespoke amenities, luxury services, unique outdoor spaces and fantastic layouts.”

Located at the corner of 3rd Avenue and Bergen Street in Boerum Hill, the building is just a few blocks from the recently opened Whole Foods, Brooklyn Academy of Music and The Barclays Center. The property location also provides easy access to numerous transportation options at Atlantic Terminal.

“We feel The Bergen is in an amazing central location, providing residents with the best of both worlds, traditional Brownstone Brooklyn charm and the excitement and conveniences found in a bustling urban center,” said David Maundrell, founder and president of aptsandlofts.com. “With this balance, we predict that the building will draw a wide demographic.”

This stunning building features a mix of studios, one- and two-bedroom apartments with exquisite interiors designed by ODA Architecture. The open layout homes include floor-to-ceiling windows, spacious closets and solid white oak hardwood floors. Select homes include private balconies or terraces and washers and dryers in most residences.

The Bergen features a wide range of amenities including a landscaped roof deck furnished with cabanas, private dining areas, outdoor showers and BBQ, as well as offers dramatic views over the low-rise neighborhood that surrounds it. Other amenities include a fitness center with outdoor workout space and a yoga deck, landscaped outdoor lounge and a media lounge with wet bar entertainment area. The building also includes a full-time doorman, concierge services by Abigail Michaels, laundry facility and onsite parking.

For more information, visit their website.


Luxury Residential Condo 520 Park Avenue Announced

Robert A.M. Stern designs new Park Avenue luxury residential tower.

Zeckendorf Development, Eyal Ofer’s Global Holdings and Park Sixty LLC, an entity formed by Rafael and Ezra Nasser, recently announced 520 Park Ave., a 51-story residential tower located at East 60th Street between Park and Madison avenues, on Manhattan’s prestigious Upper East Side.

“World renowned architect Robert A.M. Stern at 520 Park Ave. has designed another timeless and classic Manhattan residential building. 520 Park Ave. will set a new standard for elegant design on Manhattan’s Upper East Side, and we are certain this luxury residential building will become a landmark in a treasured city neighborhood,” said William L. Zeckendorf.

Featuring 31 magnificent residences with expansive interior layouts, this intimate residential condominium will offer many features unique to the Upper East Side, including 4,000 square feet of dedicated residential ground floor space.

The 31 residences will comprise 23 full-floor apartments each approximately 4,600 square feet, with 225 feet of exterior exposures and spectacular city views; seven duplex apartments each approximately 9,100 square feet; and 1 triplex apartment with 12,400 interior square feet and 1,150 square feet of exterior space. The duplex and triplex apartments will have uninterrupted views of Central Park, the Upper East Side and Midtown.

The building will be entirely clad in Indiana limestone articulated with French balconies and stone detailing evocative of the great New York apartment buildings of the 1920s and 1930s. A multi-story crown tops the building adding a new dimension to the New York City skyline.

“We are excited to partner again with Zeckendorf Development in another outstanding luxury residential Manhattan development. 520 Park Ave. will be a remarkable and sought after Upper East Side residential address,” said Eyal Ofer, chairman of Global Holdings, Inc.

Luxury amenities will complement the elegance of the residences. Included will be a private, two-story 8,000-square-foot, world-class health club featuring exercise room, pool and locker rooms facilities to match the finest spa standards. Enhancing the residences is a 1,800-square-foot ground-floor private exterior garden, a wine storage, bicycle storage, private resident storage spaces and a library.

Construction is expected to be completed in early 2017 with sales and marketing to commence imminently.


The Bailey House Gala & Auction Takes Place at Chelsea Piers

Proceeds from the event provide housing and services for people living with HIV/AIDS.

The 2014 Bailey House Gala & Auction recently took place at Pier 60 at Chelsea Piers. The Gala honored the heroism of individuals and organizations that help further the Bailey House mission of providing housing and services for people living with HIV/AIDS and advocating on their behalf. Honorees included: Jason Sheftell, a respected real estate correspondent who changed hearts and minds through his moving articles about Bailey House in The Daily News and whose award was accepted by his mother, Karen Sheftell, in memory of her late son; longtime Bailey House supporter Betsy Lawrence for her extraordinary commitment to the success of Bailey House’s new Behavioral Health Center; Carver Federal Savings Bank, for helping Bailey House ensure the well-being of the East Harlem community through Bailey House’s nutrition assistance program; and State Senator Brad Hoylman, State Assembly Member Robert Rodriguez and VOCAL-NY for their tireless efforts to pass the 30 percent Rent Cap legislation for people living with HIV/AIDS.

The Gala was hosted by Tom Postilio and Mickey Conlon, stars of HGTV’s Selling New York and leaders in New York real estate with CORE. The storied auction followed the gala and remains one of the hottest parties in town. Featured auction items included a Robert Mapplethorpe photograph; a luxurious stay in a beachside villa in Rio de Janeiro; tickets to the much-anticipated Cabaret, including a backstage meet-and-greet with actor Alan Cumming; an extraordinary vacation package to Switzerland courtesy of SWISS; a dream getaway to Villa Amor in Mexico and many more fashion, travel, art, home décor and entertainment items.

Through generous sponsorships, celebrity support and phenomenal auction items, Bailey House has raised over $15 million since its inaugural event in 1988. Lead sponsors of this year’s event included Pfizer, Giorgio Armani, Bingham McCutchen and Mount Sinai Hospital. All proceeds benefit Bailey House programs that help transform the lives of low-income New Yorkers living with HIV/AIDS.


Clifford Ross Participates in The Fabergé Big Egg Hunt

The American artist designs the Wave Egg for the April event.

Clifford Ross will be participating in The Fabergé Big Egg Hunt with the creation of his Wave Egg. This charitable cause will take place in all five boroughs of New York City to raise money for children through Agnes Gund’s Studio in a School and conservation efforts of Mark Shand’s Elephant Family that saves the endangered Asian elephant and its habitat.

“When asked to design an egg, it was natural to think of imagery from my best-known series, ­the Hurricane waves. Rather than simply transfer a photograph onto the egg, I wanted to accomplish something more interesting and unique – a hand painted egg that celebrates the edge of a breaking wave,” said Ross.

Throughout the month Ross’ Wave Egg and over 250 other egg sculptures, each individually crafted by the world’s leading artists, designers and creators, will be displayed across the city.

“I was so glad to have introduced Mark Shand and Agnes Gund, the respective founders of Elephant Family and Studio in a School, who came together to launch New York City’s Big Egg Hunt,” said Ross. “The success of the project will help ensure the goals of both organizations – the preservation of Asian elephants and fostering the creative development of children in New York City. We are spreading environmental awareness and the joy of great design across diverse communities. How great is it to unite artists with children to carry out a common mission?”

Created by Mark Shand as an innovative and engaging platform to raise funds for Elephant Family, his non-profit organization, The Fabergé Big Egg Hunt caused a frenzy in London last year, set two Guinness World Record titles and ultimately raised over $1.5 million for charity. The 2014 hunt in New York will benefit both Elephant Family and Studio in a School.

In partnership with Sotheby’s, the highly collectable sculptures will be auctioned at the end of the event, raising substantial funds for economically disadvantaged children and critically endangered wildlife. The general public is challenged to venture throughout the five boroughs to discover and locate each egg. As an incentive, Fabergé has offered gemstone prizes that include eggs with rubies, emeralds, sapphires and amethysts.

The Fabergé Big Egg Hunt is taking place April 1 to April 26 throughout the five boroughs of New York.

For more information, visit their website.


Going Green With Glass Manufacturer’s Innovative Process

By Kimberly Turner

Glass, mainly made of silica found in sand, is a renewable resource and one of the most natural building products you can find. But for Barry Allan, it couldn’t get “green” enough. So he created a process that changes the molecular structure of glass in an effort to reuse pieces that would otherwise be dumped in a landfill.

Nathan Allan Studios constructed this LEED-certified glass project in Crossroads Dental (LEED® Silver Certified)

“We try to do as much as we can do [to be green],” says Barry Allan director of Nathan Allan Glass Studios. The company is the largest manufacturer of handmade kiln-formed art glass in North America, and is an industry leader in energy-efficient glass production and green conservation, as well as a member of the U.S. Green Building Council (USGBC).

“We love what we do and we try to make a difference,” he says. “It is about using a green friendly, artistic, functional product.”

The Process
To produce glass panels and other glass works of art, Allan uses an electric kiln (versus a fossil-fuel kiln) to melt the glass on molds, which are organic. Using these tools, Allan reduces the imprint the creation of his products has on the environment.

Additionally, glass can be rendered unusable when a mistake is made on it in the safety-tempered (toughened) stage, as in this state any cut to the glass shatters it. This waste is then sent to a landfill. But, Allan has created a process to reverse this stage.

“We changed the molecularity of the glass itself so that it de-tempers back to its non temperate state,” says Allan. “By doing that I can cut the glass to the correct size and re-fire it if I need to remove a flaw — I can reuse those panels that would normally have to be thrown out.”

This process led to Allan’s EnviroR95 glass (pictured right). Panels of glass from old buildings set for demolition are reused. “We buy the glass from the companies that remove them and then re-form it into third glass panels, which are 90 percent recycled materials.” This glass is ideal for sidelites, partitions, walls, cladding and balustrades.

The Projects
Everything Nathan Allan Glass Studios produces is handmade, which allows flexibility in creation of the product. Working on mostly commercial projects, Allan describes that there are two ways his products come to fruition — a brainstorm session or a designer will come to them wanting a twist on a specific type of glass.

With the Leadership in Energy and Environmental Design (LEED) project, the stairs constructed for Big D Construction , the owners of the company contacted Allan directly looking for a high-quality glass tread product. The result included 80 treads and 20 landings with a cast glass diamond-plate texture. “The walking surface has to be safe, so on the top we used a glass sandpaper finish,” says Allan. “It is like taking a salt shaker of glass particles and shaking it on top, which we then melt to make permanent.”

 









The Go Fish Education Center, another LEED project, incorporates glass bubbles streaming along the “waters” — the clear glass contains iron, which gives the sides a natural cool green edge — in a reception desk.

 









In the Dell Children’s Medical Center, the first hospital in the world to be awarded LEED Platinum certification, Nathan Allan Glass Studios brought in EnviroR95 panels in various patterns of rain, icicle, champagne and sandstone to provide a decorative element for the children’s play area.

 

















For more information visit www.nathanallan.com.

Photos By: Nick Didlick Photography for Crossroads Dental, Jeff Green Photography for Vdara Hotel, Perrenoud Productions, UT for Big D Construction, Go Fish Education Center and John Durant for the Dell Children’s Medical Center courtesy of Nathan Allan Studios.





Bob Danzig to Speak at 12th Annual Spring Real Estate Retreat

The publishing icon and former CEO of Hearst Newspapers will speak at the April event.

From foster child to president of a multibillion-dollar company, Bob Danzig has a lifetime of experience and wisdom to share with attendees of the 12th Annual Luxury Real Estate Spring Retreat. After graduating from high school with no family support, Danzig took a job as an office boy at his local newspaper, the Albany (N.Y) Times Union. Nineteen years later he became publisher of the Times Union, before heading to the helm of the Hearst Newspaper Group where he spent two decades as nationwide head of The Hearst Newspaper Group and vice president of The Hearst Corporation.

Now an accomplished author and motivational speaker, Danzig is also a member of the teaching faculty at the prestigious New School University and the guiding hand of the Hearst Management Institute. His goal is to be an instrument for renewed affirmation that every single person is worthwhile. A civic leader, Danzig has served on the board of directors for Albany Medical College, Siena College, Russell Sage College, St. Peter’s Hospital, Sunnyview Hospital, Albany Institute of History and Art and Caldwell College. In addition to graduating magna cum laude from Siena College, he received the Outstanding Alumni Award, as well as an honorary Ph.D.

As an industry leader, Danzig has served the Newspaper Association of America, Newspaper Advertising Bureau, New Directions for News and the American Press Institute, and has earned industry-wide respect for his innovative marketing leadership. Danzig was awarded one of 12 professional journalism fellowships at Stanford University, the only business executive ever to be accepted into this program. He is the author of nine inspirational books and is working toward adapting his adult-focused program, The Confidence Academy, for children. His net speaking and author fees are donated to foster children (his passion) and gifted young musicians (his wife’s passion).

The 12th Annual Luxury Real Estate Spring Retreat, one of four annual networking events hosted by Luxury Real Estate, will be held April 27 to 30 in Fort Lauderdale, Flor.


Government of Malta Accepting Applications for Citizenship

Henley & Partners awarded a public services concession by the government with regard to the design, implementation and international promotion of the Malta individual investor program.

Since their adoption into the European Union (EU) in 2004 and their subsequent inclusion into the EU Schengen Area in 2007, Malta will now accept applications for citizenship under their new citizenship by investment program.

Malta is a small island country in the Mediterranean Sea that lies south of the island of Sicily, Italy.

Citizens of Malta enjoy all the rights established by the 28 EU member countries, which extend from travel, work and residence to healthcare, justice and various other social benefits.

The most desired benefits of being a Maltese citizen is the right to reside, work or study anywhere within the European Union, and to enjoy visa-free travel to more than 160 countries.

Henley Estates, an independent real estate firm that advises and assists buyers who want to purchase exceptional investment and private residential properties around the world, assists individuals with every aspect of obtaining citizenship through real estate investments.

Henley Estates is a member of the Henley & Partners Group, which advises governments on citizenship by investment policies and has a thorough understanding of the finer details of these programs.

The Malta individual investor program has three requirements: a donation, an investment into stocks or bonds and a property transaction. The combined minimum investment amount is just under €1 million (about $1.38 million). Following approval, citizenship will then be issued after 12 months of legal residence in Malta.

View their brochure on obtaining citizenship by investment in Malta for more information.


The Charles Celebrates Topping Out of New Luxury Building

The residence was developed by Bluerock, designed by Ismael Leyva Architects, with TOWN New Development as the exclusive sales and marketing agent.

From left to right: Moshe Shuster, M. Shuster Group; Jamie Ocampo, Ysrael Seinuk Engineers; Ran Korolik, M. Shuster Group; Ismael Leyva, ILA Architects; Stephanie Kamfar, Bluerock; John Johnson, Bluerock; Manish Chadha, ILA Architects; Philip Mendlow, Bluerock; Dragica Katava, ILA Architects

The Charles, a limited collection of full-floor, four-bedroom, luxury condominium residences at 1355 First Ave. between 72nd and 73rd streets, celebrated its Topping Out with a party for the crew and leadership team.

From left to right: Amy Delson, TOWN; Asaf Shuster, M. Shuster Group; Wendy Maitland, TOWN; Ran Korolik, M. Shuster Group; Dennis Cusack, TOWN; Ginger Brokaw, TOWN; Moshe Shuster, M. Shuster Group; Jason Karadus, TOWN

The 32-story building, developed by Bluerock, is a distinctive collaboration by Ismael Leyva of ILA Architects, and David Collins Studio interior design. TOWN New Development is the exclusive sales and marketing agent, led by sales directors Ginger Brokaw and Jason Karadus.


New Community Offers Luxury Apartment Living in Marana

Encantada at Dove Mountain now leasing and conducting property tours.

Encantada at Dove Mountain has welcomed its first residents to one of the most desirable areas to live in Southern Arizona. A blend of lifestyle, luxury, and location, the property is now leasing at 4688 W. Tangerine Rd, at Camino de Oeste.

Following the tremendous success of and demand for Encantada at Riverside Crossing, Encantada at Dove Mountain marks the second location in Southern Arizona for HSL Properties’ fine-living apartment collection.

The luxury community features one-, two- and three-bedroom apartment homes with six distinct floor plans. During property tours, prospective residents will get a taste of all that Encantada at Dove Mountain has to offer.

Apartment home amenities include granite counters, a full-size laundry with multi-cycle washer and dryer, spacious storage, 9-foot-plus ceilings, elegant fixtures, deluxe hardwood-look flooring, premium carpeting and more.

Residents also have access to a resort pool with cabanas, large spa, gazebo with fireplace, towel service and water features; a grand clubhouse with complimentary Starbucks Wi-Fi café; a 24-hour state-of-the-art fitness center with children’s play area, café seating and a patio overlooking the pool; a dog ranch and a THX-certified theater.

Encantada at Dove Mountain residents enjoy the spectacular views and relaxed lifestyle of the foothills of the Tortolita Mountains. Nearby Tortolita Mountain Park is known for its rugged peaks and canyons, including the popular hiking area of Honeybee Canyon. Popular venues and amenities of metropolitan Tucson are a mere 15 minutes away via the freeway, with Tucson International Airport within a 25-minute drive.

Owned and operated by HSL Properties, Encantada at Dove Mountain is the first of two luxury communities being built by HSL in the Marana/Oro Valley area. Encantada at Steam Pump Ranch, a 288-unit, $30 million project, is now under construction.