Rapti Gupta

  • Australian Building Permits Drop Unexpectedly in January
    The Australian Bureau of Statistics announced on Monday, March 4, that home building permits fell unexpectedly by 2.4 percent in January 2013, after approvals contracted 4.4 percent in December 2012. The value of Australian dollar also weakened on poor services sector expansion of China and the impact of Sequestration in the U.S.
  • Dennis Quaid Buying Home for Kimberly Buffington and Twins
    The “Frequency” actor, Dennis Quaid is buying a home for his soon to be ex-wife, Kimberly Buffington and their twin children in Pacific Palisades worth $3.1 million from CNS president of distribution, John Nogawski. However, the deed of the house states both Quaid and Kimberley as the owners of the home.
  • TMZ’s Harvey Levin Lists Sunset Strip Home for $5.3 Million
    Harvey Levin, the co-founder, producer and managing editor of popular entertainment website, TMZ, has listed his Hollywood Hills west home for a cool $5.3 million. The home is located in the prime area of Sunset Strip which he purchased back in 1998 for around $950,000.
  • Sinkholes are Common, Rarely Dangerous; Some Preventive Measures
    Recent sinkhole calamities have given rise to fear in hearts of people. When you spot a sinkhole you must not ignore it, regardless of the size. Here are a few steps on how you can repair a backyard or lawn sinkhole.
  • Sony Corp Sells Tokyo Building for $1.2 Billion
    Sony Corp, one of the world's largest electronics manufacturing company has sold its prized Tokyo office building, Sony City Osaki, to a Japanese real estate trust fund and Nippon Building Fund Inc. for $1.2 billion. The move comes as an effort to reorganize assets and strengthen its corporate structure.
  • Frank Gehry to Design New Hotel Tower and Art Museum in Santa Monica
    Renowned starchitect, Frank Gehry has just revealed the designs and artworks of his next project. Gehry will be designing a 22 story building at the Ocean Avenue and Santa Monica Boulevard in downtown Santa Monica.Plans of building a 36,000 square feet art décor museum were also unveiled on Thursday, Feb 28.
  • Green Building Trends Gaining Popularity among Business Firms, Report
    In a recent report published by McGraw Hill Construction, the real estate research unit of McGraw Hill companies it was revealed that a larger number of companies are moving their operations into “Green Buildings”.
  • John Legend Buys Bigger Condo in Little Italy, New York
    Grammy-award winning singer John Legend has grabbed a loft-like property for around $2.5 million in the Little Italy area of Manhattan, New York. He recently sold his East Village condo in New York for $2.6 million. His listed condo sold just within two months of its listing, that too for a cool profit of $775,000.
  • Fashion Guru Derek Lam Lists SoHo Condo for $6 Million
    The famous California based fashion designer, Derek Lam has listed his condo in the SoHo neighborhood of New York for a cool $6 million.
  • UK Bedroom Tax May Drive Residents into Expensive Rentals
    The U.K. “Bedroom Tax” which is slated to come into effect from April 2013 might cost the local and council housing association tenants a fortune, while also forcing them to pay more in taxes. However, following constant charges from housing associations and charities, Iain Duncan Smith, U.K. Secretary of State for Work and Pensions has been forced to review the reform.
  • BMW to Move Distribution Center to Redlands, California
    German luxury auto manufacturing giant, BMW will be moving operations of the Ontario distribution center/ warehouse to the outskirts of Redland, California. Construction on the new warehouse will start in the second quarter of 2013 and is expected to be completed by 2014.
  • Amazon Seeking Office Space in New York
    The Seattle based e-commerce retailing giant, Amazon.com is seeking office space of around 500,000 square feet in New York City. The deal would be a big jump for the company as it already owns 100,000 square feet of office space in Manhattan.
  • Leonardo DiCaprio’s Malibu Home Hits Rental Market Again (VIDEO)
    The “Titanic” actor, Leonardo DiCaprio is trying to “Inception-ize” people into occupying his bland Malibu beach-front home. He has flipped the home on the rental market yet again with a monthly charge of $75,000 a month.
  • Maria Bello Lists California Home for $1.85 Million
    Maria Bello of “The Mummy 3” glory has listed her home in Venice, California with an asking price of $1.85 million. Bello purchased the property in 2005 for around $1.89 million and has now listed it at a discount of $45,000.
  • Correction: Hawaiian ‘Hale Ku Mana’ Estate to be Auctioned in March
    A secluded property called the “Hale Ku Mana” or “The House of Spiritual Healing” in the famous Hualalai resort on the Gold Coast of Big Island, Hawaii will be auctioned on Monday, March 18 by Concierge Auctions, a major property auctioning firm in the country. The home belongs to Wayne Lau, a financer, who purchased it in an auction from famous singer/actress, Cher in 2010.
  • Victoria’s Secret to Open Two Stores in Hong Kong
    Limited Brands Inc., the owner of popular lingerie chain, Victoria’s Secret announced that it is all set to mark its debut in Hong Kong with two new planned stores in the region, later in 2013. The measure comes as demand for branded apparels and accessories have risen exponentially in Hong Kong.
  • FBI and HUD Raid Elias Realty Livonia and Brighton Offices
    The Federal Bureau of Investigation (FBI) and the Department of Housing and Urban Development (HUD) searched offices of Elias real estate and Financial Services in Livonia and Brighton in South Michigan on Wednesday, Feb.27, for a possible mortgage fraud.
  • Demand for Careers in Real Estate Rising Among Women
    The position of women in the global society has been changing. Its constant evolution has compelled many typically male-dominated industries to shift tracks for the better. The latest trend in the changing status of the female community is an increased, expressed interest for careers in real estate and the good news is: the opportunities are immense in the field.
  • Vincent Gallo Lists Newly Purchased Nouvel Residence for $2.3 Million
    Vincent Gallo recently purchased a Jean Nouvel designed condo for $2 million in West Chelsea, New York. But guess what? Gallo has already flipped it on the open listing market with an asking price of $2.2 million.
  • Restaurater Elaine Kaufman’s Penthouse Sold for $1.92 Million (VIDEO)
    Famous New York restaurateur, Elaine Kaufman’s penthouse in New York was listed for sale with an asking price of $2.9 million when she passed away in 2010. However, the penthouse has now sold for just $1.92 million to an anonymous media consultant.
  • Architectural Digest Appreciates Ben Stiller’s Haiti School Building Efforts
    The “Tower Heist” actor, Ben Stiller is not only noted for hilarious comic timing but also for his philanthropy. Architectural Digest appreciated Stiller’s ‘inspiring’ work on rebuilding and rejuvenating schools in the slowly-recovering republic of Haiti.
  • Westfield to Invest More in Overseas Retail Properties on Local Sales Droop
    Westfield Group, Australia-based retail property giant, is planning to invest more in retail properties abroad as local sales look gloomy in the country. The firm has mainly targeted the U.K. and the U.S. as its prime investment locations as the commercial real estate sector is reviving in the region.
  • Honeywell to Relocate its Headquarters to Morris Plains, NJ
    Honeywell Inc, global automotive and aerospace manufacturing giant is planning to move its international headquarters to Morris Plains from its current location in the Morris Township in New Jersey. The company plans to move to its new location by 2015.
  • Global Commercial revolution: Rise of The Hotel Industry
    Economies of the world have grown dependent on each other. Not only has the onset of globalization created a mini global village but has also given a boost to the services sector and the hospitality industry. The increasing need to internationalize and reach out to a wider range of audience has augmented the commercial industry of hotels and their services.
  • House Beautiful Magazine’s Chair Dropping Spree to Take off in March (VIDEO)
    The most insane and immensely exciting marketing event of famous home décor magazine “House Beautiful” is on its way again. The “Chair Dropping” activity will start from Wednesday, March 6, 2013 and is slated to take place in Los Angeles, California.
  • Jay DeMarcus Selling Nashville Home for $1.5 Million
    Popular country music band “Rascal Flatts” bassist, Jay DeMarcus has pushed his Nashville residence on the open listing market with an asking price of $1.5 million. DeMarcus and wife Allison purchased the property back in 2005 for $1.9 million. The residence is spread across an area of 8854 square feet and has 5 bedrooms and 5 full and 2 half bathrooms.
  • Mischa Barton Renting Out Beverley Hills Home Yet Again
    Mischa Barton of “The O.C” fame has decided to offer her Beverly Hills home for rent for a monthly charge of $35,000. When constant efforts of selling the home didn’t pay off, Barton decided to make it a source of income and offer it out for rent.
  • Bob Hope’s Palm Springs Home Asking for $50 Million
    The former Palm Springs residence of late actor/comedian/producer, Bob Hope has hit the listing market with an asking price of $50 million. In November 2012, it was rumored that the home was put up for sale for $45 million. Designed by starchitect James Lautner the home was completed in 1980 and was built to look like a volcano.
  • New Plans for Manhattan's 80 South Street Revealed
    A new building plan has been proposed at the site of 80 South Street in Manhattan, New York, where famous architect, Santiago Calatrava had proposed to build the “Sky Cube” in 2008. Though plans of the Sky cube were laid to rest due to credit crisis, Cord Meyer Development, owner of the site, has decided to build a “garden-skyscraper” which will be designed by a local design firm: Morali Architects.
  • Singapore Raising Taxes for Luxury Homeowners
    The Finance minister of Singapore, Tharman Shanmugaratnam announced on Monday, Feb 25 that the government will be increasing the tax rates for wealthy homeowners in the country. The tax hikes are a part of the 2013 budget announcement. The step comes as an effort to make the tax system more effective.
EDITOR'S PICKS
Real Time Analytics