19th Annual Luxury Real Estate Fall Conference Winners

By Caitlin Flynn

Who’s Who in Luxury Real Estate’s Annual Fall Conference took place from Sunday, October 5th to Wednesday, October 8th in Boston, Massachusetts at The Fairmont Copley Plaza.

Saul Cohen, president and co-founder of Hammond Residential Real Estate, was honored with the Luxury Real Estate Lifetime Achievement Award during the event’s Gala Dinner & Awards Presentation.Keynote speakers included Kipp Bodnar of HubSpot, who discussed inbound marketing principles and tactics, and Kermit Baker from the Joint Center for Housing Studies at Harvard University, who shared insight on current housing trends.

The conference was not only a celebration of exceptional work in luxury real estate, but also presented awards for the best of the best in a variety of categories. The 2014 award winner have demonstrated excellence among fellow nominees in the following categories:

Best App-
Harry Norman, Realtors

Best Brand Integration-
Towne Realty Group

Best Digital Marketing-
The Invidiata Team

Best Industry Networking-
Tim Savage / Gulf Coast International Properties

Best Overall Marketing Package-
Concierge Auctions

Best Print Marketing-
Carmel Realty Company

Best Video-
Jon Wade / Colorado Group Realty

Best Website-
Handsome Properties (more…)

Sixty East Eighty Sixth Partners with Garde Robe and Clos-ette

By Caitlin Flynn

With 15 full-floor luxury residences, Sixty East Eighty Sixth, a sophisticated condominium on the Upper East Side, will provide residents top-of-the-line closet organization services and wardrobe management as an added amenity to the property’s extensive lifestyle offerings. Garde Robe and Clos-ette have partnered with Sixty East Eighty Sixth to offer buyers exclusive benefits.

In conjunction, Garde Robe and Clos-ette will provide homeowners with a premium level of turnkey closet design and organization. Garde Robe offers a singular wardrobe storage and concierge service, where each piece is cleaned, pressed and stored off-site in museum-quality conditions, with same-day delivery upon request.

“Ample closet space is the ultimate luxury in New York City, and the opportunity to have ‘endless’ closet space and a personal wardrobe valet through our service is a priceless commodity,” said Douglas Greenberg, Vice President of Garde Robe.
Similarly, Clos-ette offers residents a complimentary consultation for qualifying design clients, 30 percent off all Clos-ette Too products and trade discount for all design build work in the unit.

“Clos-ette’s offerings have always been geared towards the fashion-forward and well-heeled community,” said Melanie Charlton, Founder of Clos-ette, “We are here to help maintain organization and help residents of Sixty East Eighty Sixth manage the space in their homes at the highest level.”

“Partnering with the expert teams at Garde Robe and Clos-ette further fulfilled our goal of allowing buyers to experience the best of what Upper East Side living has to offer,” said Gary Jacob of Glenwood.

Glenwood’s Newest Luxury Rental is More Than 50% Leased

By Caitlin Flynn

Glenwood NYC Luxury Apartment’s newest rental building, Hawthorn Park is more than 50% leased. A striking 54-story building, with unparalleled amenities and acclaimed services, Hawthorn Park, located at 160 West 62nd St., furthers the transformation of the iconic Lincoln Square neighborhood.

Hawthorn Park includes 339 spacious homes with an outstanding selection of coveted design details, featuring Glenwood’s signature service and amenities. Most homes feature floor-to-ceiling windows in living rooms that frame jaw-dropping views of Lincoln Center, Hudson River and Central Park.

Monthly rents for available homes begin at $3,690 for studios, $4,500 for 1 bedroom, $8,630 for 2 bedrooms, $19,015 for 3 bedrooms and $12,185 for 2 bedroom homes with fireplaces.

Hawthorn Park is located in the heart of Lincoln Square, a globally recognized cultural capital with such institutions as Lincoln Center of the Performing Arts, offering world-class options for art, entertainment and culture. The neighborhood is also known for its highly rated dining, shopping and convenient location to both Central Park and the Hudson River.

RLTY NYC Launches Operation

By Caitlin Flynn

RYLT NYC has officially launched its operations in New York City. The full-service real estate company will be led by co-founders and principals Emir Bahadir, a multi-generational real estate professional, and Benjamin Benalloul, a developer and real estate executive who is well-known in the New York City marketplace.

The firm will specialize in brokerage, property management and development of luxury and extraordinary properties. Both principals, Bahadir and Benalloul, have extensive industry experience with current operations in New York City, including involvement in the first resale at the coveted One57 residential development located at 157 West 57th Street – a $34 million condo.

Through Bahadir, RLTY NYC has arranged global alliances with European and Middle Eastern investors. “The intention of this new entity is to reach the influx of investors seeking to leverage their capital in the thriving New York real estate market.  New York is the most international city in the world.” Bahadir continued, “This is a terrific opportunity for our joint venture, and we have quickly demonstrated our expertise.”

The firm is proactively hiring and expanding its team to include some of the industry’s most successful and forward-thinking agents. “We plan to attract and foster visionary talent and are seeking innovative real estate professionals who have a deep-seated desire for success,” said Benalloul.  “This is an exciting turn in my career and I am looking forward to developing this platform, which is centered on long-standing partnerships with our clients and their goals.”

Fisher Island Announces First Construction in Seven Years

By Caitlin Flynn

Amid a $60 million renovation on the famed Miami island, Fisher Island is slated to start construction on new condominium complex to be completed over the nest 7 years. This is the first new construction on the island since 2007.

Known as having being the zip code with the highest income (per capita), Fisher Island is shifting their focus from the Hollywood elite (such as Julia Robert and Oprah) to younger generation of wealth. The building will be constructed on 8.1 acres and will sell from $5 to $35 million.

“Our vision for the final development on Fisher Island harmonizes with the community’s existing Mediterranean-inspired style, while taking into consideration the sensibilities and needs of the new era of buyers coming from the United States, Europe, Latin America, Russia, Asia and the Middle East,” said developer Henrich von Hanau.

Construction on the 10-story Palazzo del Sol’s 47 residences began quietly this past spring, with sales offered to existing Fisher Island residents on contemporary living spaces, ranging from 3,700 to 9,700 square feet. All feature immense outdoor terraces and private elevators, Boffi kitchens and baths, 10-foot interior ceilings, and penthouses with 15-foot ceilings. The property will feature amenities such as a private movie theater, state-of-the-art fitness center designed by The Wright Fit, a Kidville designed children’s playroom, aperitivo bar and charging for electric cars.  Completion is scheduled for first quarter 2016.

First Phase of Montclair’s Valley and Bloom Tops Out

By Caitlin Flynn

LCOR, a fully-integrated real estate company specializing in property development, investment and management, along with co-developer The Pinnacle Companies, have announced that the first building within the development Valley & Bloom, in Montclair’s central business district, has topped out. The first phase of the mixed-use project is on track to be completed by the end of May 2015, with the second building following shortly after.

Located at 638 Bloomfield Avenue, Valley & Bloom is comprised of two buildings that will include a total of 258 rental apartments ranging from studio to two-bedroom layouts. The mixed-use community will also offer 20,000,sq. ft. of office space, 22,000 sq. ft. of retail space and 571 parking spaces.

“Construction at Valley & Bloom is continuing to move along steadily, and anticipation is building as the site takes shape,” said James Driscoll, Senior Vice President of LCOR.

“It is gratifying to see Valley & Bloom steadily come to fruition as the entire Montclair Center Gateway Redevelopment Project takes shape,” said Brian Stolar, President and CEO, The Pinnacle Companies.

Valley & Bloom will offer residents and office tenants an array of top-of the-line amenities that complement the lifestyle at this mixed-use development. Select amenities include a fitness center with a separate room for dance or yoga, gaming area, children’s playroom and a total of four landscaped outdoor spaces, including two roof deck spaces and two interior courtyards. Other amenities include bike storage and a parking garage with a state-of-the-art automated parking system and solar panel awnings on the roof.

Another added perk for both office and retail tenants is the close proximity to the neighborhood’s restaurants, shops and public transportation, all within walking distance; and easily accessible through the community’s planned shuttle, bike share and car share programs.

Fundrise New Investors Brings Total Raise to $38 Million

By Caitlin Flynn

Fundrise, the leading real estate crowdfunding platform, announced a number of new investors have joined the company’s first-round Series A, including Guggenheim Partners, Rockrose President Justin Elghanayan and James Ratner, Chairman and CEO of Forest City Commercial Group, bringing its total raise to $38 million.

“These investments from top players in the real estate and financial industries provide further confirmation of real estate crowdfunding as a viable and effective investment tool,” stated Ben Miller, co-founder of Fundrise.

Fundrise has raised more capital in a first-round Series A than any other equity crowdfunding company.

“The continued high-level investment in the company enables us to further expand our platform throughout the United States, and reach everyone from retail to high net worth and institutional investors,” noted Fundrise co-founder Dan Miller.

The first company to successfully crowdfund equity investment for real estate online, Fundrise can help anyone build a real estate portfolio and access diverse, high-yield real estate opportunities through a streamlined online experience.  The site has allowed lenders to invest in specific properties for as little as $100 per share, and as much as $10 million, and earn favorable returns (historically 12 to 14 percent).

Fundrise also gives residents the tools to build the cities they want to live in through investment in local real estate projects, opening up new possibilities for economic growth and urban development.  Since its founding, Fundrise has given more than 30,000 investors an opportunity to own real estate.

Luxury Real Estate Fall Conference Brings the Best to Boston

By Caitlin Flynn

Who’s Who in Luxury Real Estate’s Annual Fall Conference took place from Sunday, October 5th to Wednesday, October 8th in Boston, Massachusetts at The Fairmont Copley Plaza.

Saul Cohen, president and co-founder of Hammond Residential Real Estate, was honored with the Luxury Real Estate Lifetime Achievement Award during the event’s Gala Dinner & Awards Presentation.
Keynote speakers included Kipp Bodnar of HubSpot, who discussed inbound marketing principles and tactics, and Kermit Baker from the Joint Center for Housing Studies at Harvard University, who shared insight on current housing trends.

Members of the Who’s Who in Luxury Real Estate network participated in expert panel discussions on a diverse range of topics including working with international buyers, the latest technologies to win and market a listing and cultivating your network by leveraging your connections to grow your business.

More targeted discussions led by Luxury Real Estate members and partners included negotiating from a number of different perspectives, technology tips to sell more real estate, current findings on Chinese real estate investment, marketing a lifestyle for resort destinations, how to find and activate the top 1%ers and tips on growing your business to the next level while keeping a healthy work/life balance.

The Luxury Real Estate Board of Regents was honored at this year’s Fall Conference, to celebrate the 10th Anniversary of the brand, and met preceding the event for further networking opportunities and a presentation from Jim Gardner of The Wall Street Journal on luxury real estate insights.

“Shakespeare Ranch” To Be Listed at $98 Million

By Caitlin Flynn

The 134-acre ranch on Lake Tahoe known as the “Shakespeare Ranch” is going up for sale after decades of ownership by the Larry and Camille Ruvo.

Listed at $98 million, this property includes 17 England-style guesthouses, horse stables, a 5000 square foot barn, greenhouses, a wine tasting room and indoor pool house.

The ranch is named after the neighboring Shakespeare Rock, which is said to resemble the Elizabethan poet and playwright. Keeping with the theme the guesthouses don names like “To Be” and “Not to Be” as well as “King Lear” for the four-bedroom building on the property.

Including all of the properties and guest accommodations the Ranch boasts 22 bedrooms and 13 kitchens, as well as 420 feet of shoreline.

The property is also home to an annual charity rodeo event that includes bull riding, ribbon roping, barrel racing, and dinners prepared by famed chef Emeril Lagasse.

Kobe Bryant’s Newport Coast Mansion Lists New Price

By Caitlin Flynn

The LA Lakers’ superstar Kobe Bryant recently dropped the asking price of his 8,741 square foot Newport Coast home. Originally listed on the market in August 2013 at $8,599 million, the Mediterranean-style mansion is now listed at $7.6 million.

The property was bought by Bryant and his wife, Vanessa, for $1.7 million in 1997. Built in 1977, this home resides in a guard-gated community and features unobstructed ocean and city views. Along with the geographic perks, it also boasts four bedrooms, four full baths, three half baths, a 850-square-foot-gym, home office (complete with a shark tank), hair salon and home theater equipped with stadium seats and wet bar.

On the outside of the property it’s hard to distinguish the home’s atmosphere from that of a luxury resort. Covering almost half of an acre, the meticulously, manicured lawns frame the custom pool, spa, fire-pit and outdoor kitchen. Perfect for entertaining and relaxing in the off-season.