An unfinished two-floor penthouse at the St. Regis is on the market for $70 million. Unique Homes Publisher Rick Goodwin says in this San Francisco Chronicle article that the price point may be a little high for the San Francisco market.
The New York Daily News is reporting today that Olympic swimming phenom Michael Phelps has purchased a $1.69 million condo on Baltimore’s waterfront. He’s also reportedly purchased a swim club and ice rink with the hopes of turning the facility into an Olympic training center. Now, he may turn his attention to a [...]
“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” – Friedrich Von Hayek
I’m not advocating a return to the gold standard but when governments lose on printing money, as is the case today, investors [...]
In the 1960s, Norman Jewison directed a small gem of a movie, “The Russians are Coming, the Russians are Coming.” The plot centers on the reaction of the residents of an oceanfront New England village to the crew of a Russian sub that runs aground just off the coast. Given the Cold War hysteria at [...]
Frequently, experts that I interview draw a parallel between over-the-top homes in the current market and the Gilded Age. Today’s Boston Globe makes a similar comparison in an article about a $23 million mansion being constructed in Boston.
According to the Globe, the owner, investment executive Ofer Nemirovsky, spent 10 years acquiring two adjacent properties at [...]
A new homes development, Las Canadas, showcasing expansive, mountainside homes is being constructed in Punta Mita, Mexico, according to DINE, a Mexican luxury real estate developer. These private casitas, situated on the breathtaking Careyeros mountainside, will be priced from $1.45 million to $2.35 million. This enclave of 14 unique homes features amazing views of the [...]
The prestigious, invitation-only Luxury Real Estate Board of Regents has expanded with the recent joining of Grace Bay Realty. Grace Bay Realty is now the board’s distinguished representative of the Turks and Caicos Islands, according to RISMedia. The Board of Regents is an exclusive affiliation of luxury brokers, which is essentially the crux of the [...]
Manasco Realty, previously affiliated with Century 21, is now an affiliate of Prudential Real Estate, and will operate in designated areas in North Carolina, such as Danville and surrounding Pittsylvania County and Caswell County. Broker/Owner Carl Manasco said he chose Prudential Real Estate because of its “global brand strength” in addition to its “commitment to [...]
Talisker, a real estate investment and development company, recently acquired the Canyons Resort, located in Park City, Utah. Park City also features Tuhaye, which has a Mark O’Meara-designed golf course and clubhouses designed by Robert A.M. Stern. Another remarkable development is Empire Pass, on Deer Valley ski slopes, which will also include a Montage Hotel [...]
The spike in gas prices could be re-shaping the American lifestyle for many people, particularly baby boomers and millennials, people born between late 1970s and mid-1990s. Urban living may become the new trend due to the $4-a-gallon gasoline, according to The Wall Street Journal. People are leaving their nests in traditional suburbs and moving to [...]
