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UAE Real Estate Sector Mapping Upward Trend on Dubai and Abu Dhabi Growth: TASWEEK Report
China Home Prices Accelerate in March on Government Imposed Property Curbs; Beijing and Shanghai Step Up to Cool Market
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
The late billionaire and founder of Forstmann Little and Company, Teddy Forstmann’s Southampton beach residence is finally in the escrow for around $28.5 million after sitting unclaimed for almost a year. The residence was first listed in March 2012 for around $34 million. After a couple of price chops, the home is finally under contract to sell. Update: Martin Zweig’s Pierre Penthouse to Officially Ask for $125 Million
Just a week earlier, news about financial expert, Martin Zweig’s penthouse atop the Pierre Hotel hitting listing market was out. It was estimated to be listed at $120 million. However, the posh residence has exceeded expectations and the listing price has been fixed at $125 million. Though the listing has not appeared in public, agents have already determined its price. Restoration Hardware’s New Boston Store Opening Weeks Away Despite Early Launch Party (PHOTOS)
Though the famous American furniture décor chain, Restoration Hardware celebrated the launch of its brand new store in Back Bay, Boston on March 7, 2013, the store has not yet opened. New Office and Residential Tower Planned in San Francisco
A new office and residential tower is all set to grace the skyline of downtown San Francisco. The 54-story high rise will be located on a parcel just next to Transbay Terminal and will be developed by famous construction firm, Jay Paul Company. Construction on the project will begin almost immediately and the total project cost will be around $375 million. Facebook Wins City Approval for its Gehry Designed West Campus Project
The City Council of Menlo Park, California have unanimously granted approval for the social network giant, Facebook’s West Campus development which is designed by famed starchitect, Frank Gehry. The West campus is a part of the complete 78.9 acre Facebook Campus Project. Melbourne Wall Collapse Kills Two, Injures One
A 15 meter long part of a brick wall which stood at the former site of Carlton and United Brewery in Swanston Street, Melbourne Australia, collapsed due to heavy winds on Thursday, March 28 killing two and seriously injuring one person. Real Estate More Expensive Near Stadiums in Cities With Sports Tradition
Houses and condos in cities with traditional ball teams are more expensive near the stadiums than farther out, revealed a study. Update: Cole Credit to Consider American Realty’s $6.7 Billion Buying Bid; Shareholders Request Blocking Internal Merger
The Buyout bid of American Realty Capital Properties to take over Cole Credit Property Trust is now seeing some improvements. Cole Credit will be considering the increased and improved takeover offer worth $6.7 billion.Additionally, shareholders of Cole Credit have filed a lawsuit against the company seeking to block the Cole Holdings internal Merger. Hedge Fund Manager Steven A Cohen Snags Hamptons Property for $60 Million
Famous hedge fund manager and founder of SAC Capital Advisers, Steven A Cohen has purchased a water-front property in east Hampton, Long Island for a solid $60 million. The purchase comes just after he listed his apartment in the Bloomberg Tower in Manhattan for a whopping asking price of $115 million. Brooke Shields Dropping $4.3 Million on Southampton Home
Brooke Shields of the “Blue Lagoon” fame is reportedly under contract to buy a charming two-story single-family residence in the Southampton neighborhood of New York for $4.3 million. Shields and husband Chris Henchy are purchasing the property from former American football tight end, Vyto J. Kab.
