Rapti Gupta
Clarion Partners LLC, a popular real estate investment managing firm is under contract to buy a vintage office tower near Union Square in Manhattan, New York City for around $225 million, according to Bloomberg. China’s Foreign Exchange Administration, SAFE to Invest in American Real Estate
China’s State Administration of Foreign Exchange (SAFE) is reportedly planning to invest a part of its $3.4 trillion foreign exchange reserves in the American real estate market on account of a steady growth in its property market, according to several reports. InterContinental Hotel Group Opens its 200th Hotel in China
InterContinental Hotel Group (IHG), the world's largest hotel group by room count, just inaugurated its two hundredth hotel in China, Tuesday May 28 marking thirty years of its presence in the country. Greek Island Skorpios Sale Reviewed by State Legal Council
The sale of Skorpios, a private island on the Ionian Sea, off the western coast of Greece is being reviewed by the Greek State Legal Council after Yiannis Michelakis, a member of the New Democracy Party raised doubts about the sale complying with the will of owner, Aristotle Onassis. John Hammons, Real estate Mogul Passes Away at 94 (VIDEO)
John Q. Hammons, one of the most prominent luxury hotels and resort developers in the U.S. breathed his last on Sunday, May 26 aged 94. He passed away peacefully at the Elfindale Manor Nursing Home in Springfield, Missouri, according to several media reports. Steel Magnate Lakshmi Mittal Lists Kensington Residence for $166 Million
Lakshmi Mittal, the Chairman and Chief Executive of ArcellorMittal, the world’s largest steel producing company has reportedly listed his mansion in the Kensington area of London for a whopping $166 million. However, the list price is almost $11 million lesser than what Mittal purchased it for. General Growth Properties Bidding for Prime Manhattan Office Property
General Growth Properties, America’s second largest mall owning company is reportedly eyeing an exclusive commercial property in the Manhattan area of New York City. Peri Gilpin Sells Malibu Pad for $4.7 Million (PHOTOS)
Peri Gilpin, who played “Roz Doyle” in the famous nineties sitcom, “Frasier” has reportedly sold her home in Malibu for $4.7 million. Gilpin purchased the home for around $3.5 million three years back and has now sold it for a decent profit. Danny Bonaduce Rents Out Los Feliz Home (PHOTOS)
TV and Radio personality, Danny Bonaduce is offering his Los Feliz home for rent and the monthly charge is just $18,000. Bonaduce purchased the home with his wife, Gretchen sometime back in 2005 and tried to sell it several times in the past few years but in vain. Climbing Escher- Style Stairway Loops at the London Design Festival 2013
For the London Design Festival, that is slated to be held from 14 to 22 September, dRMM, a famous architecture firm will be installing an almost “endless” wooden staircase, just outside St. Paul’s Cathedral in London. The project will be developed in association with Arup, a design engineering firm and the American Hardwood Export Council. Does Meryl Streep Own a Sunset Strip Residence?
Rumors have it that Meryl Streep of the “Iron Lady” fame might have purchased a home in the Sunset Strip neighborhood of Los Angeles. David Hasselhoff Buys $1.95 Home in Calabasas
David Hasselhoff of the "Baywatch" fame has reportedly snagged a home in Calabasas, California for $1.95 million. The area is a celeb studded place with the likes of Paris Hilton, Britney Spears and Justin Bieber living in the place. Al Pacino Sells Palisades Guesthouse for $3.3 Million (PHOTOS)
“The Godfather” actor, Al Pacino has reportedly sold his guesthouse in Palisades, New York for $3.3 million to music producers, Curt and Sabelle Frasca. Touring Nate Berkus Associates’ ‘Converted’ Chicago Headquarters (PHOTOS)
Interior decorator and television host Nate Berkus could best be described as “an angel who, with a wave of his hands, could transform any rubbish place into a cool, chic and an awesome area” and that is exactly what he has done to his design firm, Nate Berkus Associates headquarters in Chicago. Cuba Set to Get Luxury Golf Course Project; To be Designed by Tony Jacklin
It has been a long time since Fidel Castro, the Cuban Communist revolutionary, played a few strokes of golf with his radical counterpart, Che Guevara and fifty years since the former ordered all the golf courses to be shut down because he thought that the game was a hobby for the elites. However, times have changed and the island of Cuba has decided to cater to the demand of affluent tourists rather than comply with the late president’s orders. Cuba’s government has approved a luxury golf course project which will be designed by golfing legend, Tony Jacklin. St. John’s University Selling Manhattan Campus
St. John’s University in New York has agreed to sell its campus located at 101 Murray Street in lower Manhattan to a consortium of developers including famous builder, Steven Witkoff and real estate firm, Fisher Brothers for an amount that is expected to exceed $200 million. The consortium hopes to replace the building with condominiums, according to several media reports. A Look at Nominees of 2013 Doory Awards “Converted Homes” Category (PHOTOS)
Living in a completely renovated home, or rather, a converted home is a completely different experience. As the saying goes, “Cool is when vintage meets modern”, converted homes personify the saying quite perfectly. Update: Katy Perry’s Double Purchase in Hollywood Hills Confirmed
Just a few weeks ago, the property market was buzzing with a rumor of pop princess, Katy Perry purchasing two adjoining parcels of property in Hollywood Hills, Los Angeles. However, the rumor has been confirmed and reports say that Perry has paid almost $11.2 million on the double-plot purchase. Judge Judy Snags Beverly Hills Home for $10.7 Million (PHOTOS)
Judith Sheindlin, popularly known as Judge Judy for her famous courtroom-arbitration reality show, has reportedly picked up a Beverly Hills residence for $10.7 million. Jessica Simpson Selling Beverly Hills Residence for $8 Million
The “Irresistible” singer, Jessica Simpson has reportedly listed her custom-built residence in Beverly Hills for $8 million, according to E! Online. Baseball Star A-Rod Sells Miami Beachside Home for $30 Million
The New York Yankees' third baseman, Alex Rodriguez has sold his Miami beach-front mansion for a cool $30 million. A-Rod had purchased the home back in 2010 for $7.4 million, when he was dating Cameron Diaz, and spent almost around $15 million on renovations. However, he seems to have reaped back all the investment on the home by the massive sale price. 'Cougar Town’s' Christa Miller Lists Brentwood Home for $10.9 Million
Christa Miller, who plays “Ellie Torres” in the famous sitcom “Cougar Town”, has reportedly listed her home in Brentwood, Los Angeles for $10.9 million. Miller and her producer husband, Bill Lawrence had purchased the home in 2007 for $12.6 million. Christian Slater Buys South Florida Villa worth $2.2 Million (PHOTOS)
Christian Slater of the “Breaking In” fame has reportedly purchased a nice villa in Coconut Grove, South Florida for a good $2.2 million. Ellen DeGeneres and Portia De Rossi Buy Mansion in Montecito for $26.5 Million (PHOTOS)
Daytime talk show host, Ellen DeGeneres and her wife, Portia De Rossi have reportedly purchased a huge mansion in Montecito, Santa Barbara for a good $26.5 million. Judge Dismisses Candy Spelling Eviction Lawsuit
Candy Spelling, widow of TV mogul Aaron Spelling can remain in her leased condo at the Carlyle Building in Westwood, California as a court Judge has dismissed her landlord’s plea to evict her from the premises of the condo. Famous Versace Mansion Casa Casuarina Price-Chopped to $75 Million
The famous Casa Casuarina that once belonged to late fashion mogul and founder of couture brand ‘Versace’, Gianni Versace has got a huge price chop and been listed at $75 million. The mansion previously debuted in the market with an asking price of $125 million, sometime in 2012. Blackstone and Prologis to Acquire $960 Million Warehouse Portfolio
A unit of Blackstone Group LP, a popular real estate firm and Prologis, a real estate Investment Trust has agreed to purchase a 17 million square feet warehouse portfolio worth $960 million, according to several media reports. Ford Closing Two Plants in Australia
Ford Motor Co., the popular automobile manufacturing firm announced on Thursday, May 23 that it will be closing down two of its plants in Australia and will be shutting down all production in the country by October, 2016 on constant accumulated losses. Baseball Legend Stan Musial’s St. Louis Home Listed for $1.8 Million (PHOTOS)
Late Baseball legend, Stan Musial’s home in Ladue, St. Louis has reportedly hit the listing market with an asking price of $1.8 million. Drew Barrymore Lists Montecito Wedding Home for $7.5 Million
Drew Barrymore of the “Never Been Kissed” fame has reportedly listed her Montecito home where she married art consultant, William Kopelman in 2012. The home is sporting a price tag of $7.5 million.
EDITOR'S PICKS
-
Fed Slashes Interest Rates, But Mortgage Rates Surge Up To 6.72% - Here's Why It's Happening
-
New Real Estate Platform Allows US Homebuyers To Check The Political Affiliations Of Their Neighbors For Free
-
NYC Bill Relieving Renters Of Broker Fees Passes Without Mayor's Signature. Real Estate Groups Are Suing To Stop It
-
Suspect In UnitedHealthcare CEO Killing Hails From Real Estate Family, Grew Up In This $800K Home
