Archinect - News 2015-08-30T02:06:48-04:00 http://archinect.com/news/article/134651275/barcelona-plans-shakedown-scheme-against-unlicensed-airbnb-apartments-to-curb-tourism-boom Barcelona plans shakedown scheme against unlicensed Airbnb apartments to curb tourism boom Justine Testado 2015-08-19T15:07:00-04:00 >2015-08-24T22:32:23-04:00 <img src="http://cdn.archinect.net/images/514x/50/503gxyck1xpdvevk.jpg" width="514" height="257" border="0" title="" alt="" /><em><p>People caught running unlicensed apartments through websites will be offered the chance to have 80% of their fine canceled if they allow the city council to use the apartment as social accommodation for three years...When the three years are up the landlord [can] either pay off the fine through his or her own funds and reclaim possession of the apartment or continue offering the property as social accommodation until the council receives the equivalent of full payment of the fine.</p></em><br /><br /><p>More on Archinect:</p><p><a title="Airbnb now open for business in Cuba, despite anemic internet access" href="http://archinect.com/news/article/124359173/airbnb-now-open-for-business-in-cuba-despite-anemic-internet-access" rel="nofollow" target="_blank">Airbnb now open for business in Cuba, despite anemic internet access</a></p><p><a title="Airbnb rentals cut deep into San Francisco housing stock, report says" href="http://archinect.com/news/article/128107747/airbnb-rentals-cut-deep-into-san-francisco-housing-stock-report-says" rel="nofollow" target="_blank">Airbnb rentals cut deep into San Francisco housing stock, report says</a></p><p><a title="Monterey Park City Council adopts tougher penalties for landlords of illegal boarding homes" href="http://archinect.com/news/article/127179161/monterey-park-city-council-adopts-tougher-penalties-for-landlords-of-illegal-boarding-homes" rel="nofollow" target="_blank">Monterey Park City Council adopts tougher penalties for landlords of illegal boarding homes</a></p><p><a title="Airbnb celebrates London's Deregulation Act with floating house on River Thames" href="http://archinect.com/news/article/127540172/airbnb-celebrates-london-s-deregulation-act-with-floating-house-on-river-thames" rel="nofollow" target="_blank">Airbnb celebrates London's Deregulation Act with floating house on River Thames</a></p><p><a title="Archinect's Lexicon: &quot;Dark Tourism&quot;" href="http://archinect.com/news/article/117905496/archinect-s-lexicon-dark-tourism" rel="nofollow" target="_blank">Archinect's Lexicon: "Dark Tourism"</a></p> http://archinect.com/news/article/134488192/this-3d-map-compares-nyc-real-estate-prices-by-neighborhood This 3D map compares NYC real estate prices by neighborhood DianePham 2015-08-17T12:24:00-04:00 >2015-08-24T21:42:16-04:00 <img src="http://cdn.archinect.net/images/514x/ry/ryqnl2kg3go2z20i.jpg" width="514" height="314" border="0" title="" alt="" /><em><p>We all have a pretty good idea which NYC neighborhoods command top dollar, but this incredible 3D map from NeighborhoodX really puts things into perspective by pinning the city&rsquo;s 325 neighborhoods against one another in a visually jarring side-by-side comparison. Among the most expensive? In Brooklyn...</p></em><br /><br /><p>More on New York real estate:</p><ul><li><a title="The rise of communal living in New York" href="http://archinect.com/news/article/133408596/the-rise-of-communal-living-in-new-york" rel="nofollow" target="_blank">The rise of communal living in New York</a></li><li><a title="This $250M mega penthouse might become New York's priciest home" href="http://archinect.com/news/article/129791831/this-250m-mega-penthouse-might-become-new-york-s-priciest-home" rel="nofollow" target="_blank">This $250M mega penthouse might become New York's priciest home</a></li><li><a title="New York &amp; London ranked highest in 2015 Global Cities Index" href="http://archinect.com/news/article/127711878/new-york-london-ranked-highest-in-2015-global-cities-index" rel="nofollow" target="_blank">New York &amp; London ranked highest in 2015 Global Cities Index</a></li><li><a title="NYC's public-housing woes" href="http://archinect.com/news/article/127597504/nyc-s-public-housing-woes" rel="nofollow" target="_blank">NYC's public-housing woes</a></li></ul> http://archinect.com/news/article/134283671/a-little-reminder-that-u-s-rent-affordability-is-at-its-worst-according-to-zillow A little reminder that U.S. rent affordability is at its worst, according to Zillow Justine Testado 2015-08-14T20:40:00-04:00 >2015-08-16T12:20:03-04:00 <img src="http://cdn.archinect.net/images/514x/z6/z630gew6dexgdkug.jpg" width="514" height="288" border="0" title="" alt="" /><em><p>Americans living in rentals spent almost a third of their incomes on housing in the second quarter, the highest share in recent history. Rental affordability has steadily worsened, according to a new report from Zillow, which tracked data going back to 1979...While mortgages remain relatively affordable, landlords have been able to increase rents because demand for apartments remains strong. The U.S. homeownership rate fell to the lowest level in almost five decades in the second quarter.</p></em><br /><br /><p>More on Archinect:</p><ul><li><a title="Shipping container village crops up in Oakland, offering alternative to sky-high SF rents" href="http://archinect.com/news/article/133421471/shipping-container-village-crops-up-in-oakland-offering-alternative-to-sky-high-sf-rents" rel="nofollow" target="_blank">Shipping container village crops up in Oakland, offering alternative to sky-high SF rents</a></li><li><a title="500 Square Feet and Falling" href="http://archinect.com/news/article/132504519/500-square-feet-and-falling" rel="nofollow" target="_blank">500 Square Feet and Falling</a></li><li><a title='Play "Inside the rent", and become a virtual developer in NYC' href="http://archinect.com/news/article/129171835/play-inside-the-rent-and-become-a-virtual-developer-in-nyc" rel="nofollow" target="_blank">Play "Inside the rent", and become a virtual developer in NYC</a></li><li><a title="Monterey Park City Council adopts tougher penalties for landlords of illegal boarding homes" href="http://archinect.com/news/article/127179161/monterey-park-city-council-adopts-tougher-penalties-for-landlords-of-illegal-boarding-homes" rel="nofollow" target="_blank">Monterey Park City Council adopts tougher penalties for landlords of illegal boarding homes</a></li><li><a title="L.A.'s &quot;bootlegged&quot; apartments might receive amnesty from city under new proposal" href="http://archinect.com/news/article/129640690/l-a-s-bootlegged-apartments-might-receive-amnesty-from-city-under-new-proposal" rel="nofollow" target="_blank">L.A.'s "bootlegged" apartments might receive amnesty from city under new proposal</a></li></ul> http://archinect.com/news/article/134055238/venice-beach-s-ongoing-grapple-with-the-tech-titan-invasion Venice Beach's ongoing grapple with the tech titan invasion Justine Testado 2015-08-11T21:20:00-04:00 >2015-08-13T20:10:02-04:00 <img src="http://cdn.archinect.net/images/514x/jv/jvuct6smle6rp976.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>Slapped in the face is exactly how many Venetians are feeling by the tidal wave of new money. And the local tech boom, prompting 'Silicon Beach' references around town, is just one source of it</p></em><br /><br /><p>More on Archinect:</p><p><a title="The rise and spectacular fall of Venice Beach's Pacific Ocean Park" href="http://archinect.com/news/article/105336559/the-rise-and-spectacular-fall-of-venice-beach-s-pacific-ocean-park" rel="nofollow" target="_blank">The rise and spectacular fall of Venice Beach's Pacific Ocean Park</a></p><p><a title="Are apps the virtual gateway to physical gentrification?" href="http://archinect.com/news/article/133571706/are-apps-the-virtual-gateway-to-physical-gentrification" rel="nofollow" target="_blank">Are apps the virtual gateway to physical gentrification?</a></p><p><a title="Oren Safdie's play &quot;False Solution&quot; finishes up its 3-week run this weekend in Santa Monica" href="http://archinect.com/news/article/99370499/oren-safdie-s-play-false-solution-finishes-up-its-3-week-run-this-weekend-in-santa-monica" rel="nofollow" target="_blank">Oren Safdie's play "False Solution" finishes up its 3-week run this weekend in Santa Monica</a></p><p><a title="Those hipster millennials might not be the true gentrifiers of U.S. neighborhoods" href="http://archinect.com/news/article/130260144/those-hipster-millennials-might-not-be-the-true-gentrifiers-of-u-s-neighborhoods" rel="nofollow" target="_blank">Those hipster millennials might not be the true gentrifiers of U.S. neighborhoods</a></p> http://archinect.com/news/article/133647282/weird-challenges-of-living-in-real-houses-from-famous-tv-series Weird challenges of living in real houses from famous TV series Julia Ingalls 2015-08-06T14:19:00-04:00 >2015-08-10T11:40:26-04:00 <img src="http://cdn.archinect.net/images/514x/80/80ke0xg3f877xv9f.jpg" width="514" height="289" border="0" title="" alt="" /><p>The recent real-life&nbsp;<a href="http://laist.com/2015/07/29/jesse_breaking_bad_house.php#photo-5" rel="nofollow" target="_blank">sale</a> of the character Jesse's house from the TV series "Breaking Bad" is a reminder of how many single-family properties have become cinematic icons (and how it's tricky for private residents to live in such public locales). Although the new owners of Jesse's house will probably be hearing "Yeah, bitch!" more often than usual, other famous houses come with their own particular baggage. Despite being owned by individuals, these otherwise ordinary homes have inadvertently become part of the imaginative public domain:&nbsp;</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/8o/8oh63b4xnl458o1r.jpg"></p><p><strong>Mork and Mindy House</strong><br>When Robin Williams tragically died in 2014, the "Mork and Mindy" house in Boulder, Colorado became an impromptu <a href="http://www.dailycamera.com/news/boulder/ci_26319618/mourners-stop-by-boulders-mork-and-mindy-house" rel="nofollow" target="_blank">memorial</a> site. U.S. representative Jared Polis went so far as to dress up in Mork costume and tweet of a picture of himself standing outside the house.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/mf/mflgusgh3yi2jzrm.jpg"></p><p><strong>Six Feet Under House</strong><br>Although many of the interiors on "Six Feet Under" are sound-stages, the familiar diagonal sweep of the famous fictional Fisher and Diaz mortuary's fro...</p> http://archinect.com/news/article/133197580/apple-reportedly-grabbing-a-little-piece-of-san-francisco-real-estate Apple reportedly grabbing a little piece of San Francisco real estate Amelia Taylor-Hochberg 2015-07-31T18:35:00-04:00 >2015-07-31T18:35:41-04:00 <img src="http://cdn.archinect.net/images/514x/h7/h7nko4yx8ifwlwo7.jpg" width="514" height="337" border="0" title="" alt="" /><em><p>[Apple Inc.] reached an agreement to rent about 76,000 square feet of office space in the South of Market neighborhood&rsquo;s 235 Second St. [...] the area has some of the highest monthly asking rents in the city at about $66 a square foot. [...] Apple and Facebook have been notable holdouts as Silicon Valley giants like Google and Linkedin gradually expanded their footprints in San Francisco.</p></em><br /><br /><p>&#8203;More news from Apple and San Francisco:</p><ul><li><a title="Apple invites visitors to gaze at its 'spaceship' from new observation deck" href="http://archinect.com/news/article/133107408/apple-invites-visitors-to-gaze-at-its-spaceship-from-new-observation-deck" rel="nofollow" target="_blank">Apple invites visitors to gaze at its 'spaceship' from new observation deck</a></li><li><a title="Drone footage shows the latest construction status of the Foster-designed Apple campus" href="http://archinect.com/news/article/117649070/drone-footage-shows-the-latest-construction-status-of-the-foster-designed-apple-campus" rel="nofollow" target="_blank">Drone footage shows the latest construction status of the Foster-designed Apple campus</a></li><li><a title="Can't find office space in San Francisco? Try the mall." href="http://archinect.com/news/article/128651497/can-t-find-office-space-in-san-francisco-try-the-mall" rel="nofollow" target="_blank">Can't find office space in San Francisco? Try the mall.</a></li><li><a title="Uber HQ headed to San Francisco's Mission Bay" href="http://archinect.com/news/article/128246762/uber-hq-headed-to-san-francisco-s-mission-bay" rel="nofollow" target="_blank">Uber HQ headed to San Francisco's Mission Bay</a></li></ul> http://archinect.com/news/article/132487604/vegas-is-back-sorta Vegas is back...sorta Alexander Walter 2015-07-22T13:03:00-04:00 >2015-07-25T16:42:06-04:00 <img src="http://cdn.archinect.net/images/514x/9j/9j8nk3gnvmwalnc4.jpg" width="514" height="342" border="0" title="" alt="" /><em><p>Las Vegas&rsquo;s recovery, like America&rsquo;s, seems to have to come to the wealthiest first. [...] But Sin City&rsquo;s recovery shows the enduring ability of America to make improbable ideas work. Some 2m people live in a glittering, sprawling city deep in the desert and hardly think that this is strange. And with its mix of tech-obsessed yuppies, ageing baby-boomer gamblers and thrusting Hispanics, its demography resembles America&rsquo;s future.</p></em><br /><br /><p>Related:</p><ul><li><a href="http://archinect.com/news/article/120430561/learning-from-las-vegas-a-look-at-the-strip-through-urban-planning-lenses" rel="nofollow" target="_blank">L</a><a href="http://archinect.com/news/article/120430561/learning-from-las-vegas-a-look-at-the-strip-through-urban-planning-lenses" rel="nofollow" target="_blank">earning from Las Vegas: a look at the Strip through urban planning lenses</a></li><li><a href="http://archinect.com/news/article/91759585/will-zappos-turn-downtown-las-vegas-into-the-next-silicon-valley" rel="nofollow" target="_blank">Will Zappos turn downtown Las Vegas into the next Silicon Valley?</a></li><li><a href="http://archinect.com/news/article/81696242/70-s-vegas-underground-home-on-the-market-for-1-7m" rel="nofollow" target="_blank">70's Vegas underground home on the market for $1.7M</a></li><li><a href="http://archinect.com/news/article/76416883/something-is-happening-in-vegas-but-will-it-convince-people-to-stay" rel="nofollow" target="_blank">Something is happening in Vegas; but will it convince people to stay?</a></li></ul> http://archinect.com/news/article/132358022/kate-murphy-examines-why-america-is-so-over-air-conditioned Kate Murphy examines why America is so over air-conditioned Nam Henderson 2015-07-21T00:09:00-04:00 >2015-07-21T12:00:11-04:00 <img src="http://cdn.archinect.net/images/514x/d6/d67caf2n63laan3n.jpg" width="514" height="380" border="0" title="" alt="" /><em><p>Commercial real estate brokers and building managers say sophisticated tenants specify so-called chilling capacity in their lease agreements so they are guaranteed cold cachet...There&rsquo;s also the widely held misconception that colder temperatures make workers more alert and productive</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/131958103/the-vanna-venturi-house-is-for-sale The Vanna Venturi House is for sale Orhan Ayyüce 2015-07-15T17:28:00-04:00 >2015-08-05T00:54:32-04:00 <img src="http://cdn.archinect.net/images/514x/hg/hggwnob00ueehh09.jpg" width="514" height="341" border="0" title="" alt="" /><em><p>To the amateur eye it can be puzzling, but with some education about its juxtaposition of traditional design against more complex forms, its status as a groundbreaking residential design becomes clear.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/130260144/those-hipster-millennials-might-not-be-the-true-gentrifiers-of-u-s-neighborhoods Those hipster millennials might not be the true gentrifiers of U.S. neighborhoods Justine Testado 2015-06-23T15:55:00-04:00 >2015-07-04T22:13:05-04:00 <img src="http://cdn.archinect.net/images/514x/ma/maxyncd50r9yiipz.jpg" width="514" height="386" border="0" title="" alt="" /><em><p>Often, at least in America, we think of regular people as the agents of change&mdash;the artist, the boutique coffee shop owner, the tech startup. But as much as gentrification is an organic process, fueled by opportunity seekers and bargain hunters, it&rsquo;s developers and financiers who have become the savvy midwives of change. Once they detect the early signs of gentrification, they bring on the serious money.</p></em><br /><br /><p>More:</p><p><a title='"Eco-Gentrification," or the social ramifications of "urban greening"' href="http://archinect.com/news/article/127176132/eco-gentrification-or-the-social-ramifications-of-urban-greening" rel="nofollow" target="_blank">"Eco-Gentrification," or the social ramifications of "urban greening"</a></p><p><a title="Revisiting Sharon Zukin's &quot;Loft Living&quot; and NYC gentrification" href="http://archinect.com/news/article/124815371/revisiting-sharon-zukin-s-loft-living-and-nyc-gentrification" rel="nofollow" target="_blank">Revisiting Sharon Zukin's "Loft Living" and NYC gentrification</a></p><p><a title="With gentrification, the end of racial segregation moves into LA's Highland Park neighborhood" href="http://archinect.com/news/article/123586329/with-gentrification-the-end-of-racial-segregation-moves-into-la-s-highland-park-neighborhood" rel="nofollow" target="_blank">With gentrification, the end of racial segregation moves into LA's Highland Park neighborhood</a></p><p><a title="Amsterdam's &quot;ugly&quot; architecture from the 70s proves resilient against gentrification" href="http://archinect.com/news/article/121199869/amsterdam-s-ugly-architecture-from-the-70s-proves-resilient-against-gentrification" rel="nofollow" target="_blank">Amsterdam's "ugly" architecture from the 70s proves resilient against gentrification</a></p><p><a title="So gentrification is just a myth after all?" href="http://archinect.com/news/article/118735754/so-gentrification-is-just-a-myth-after-all" rel="nofollow" target="_blank">So gentrification is just a myth after all?</a></p> http://archinect.com/news/article/129791831/this-250m-mega-penthouse-might-become-new-york-s-priciest-home This $250M mega penthouse might become New York's priciest home Alexander Walter 2015-06-17T15:55:00-04:00 >2015-06-19T13:04:55-04:00 <img src="http://cdn.archinect.net/images/514x/om/om6myg9w9281vfud.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>Vornado's super luxury tower at 220 Central Park South isn't even out of the ground yet, but billionaire buyers seemingly can't wait to stash their stacks of cash in the 950-foot-tall tower. The Real Deal hears rumblings that a Qatari investor is eyeing a monstrous spread that would cost around $250 million, making it easily the most expensive home in New York City. It would completely obliterate the current record, the $100 million sale at One57.</p></em><br /><br /><p>Robert A.M. Stern's NYC condo towers have a habit of attracting record bids (previously:&nbsp;<a href="http://archinect.com/news/article/109657265/nyc-s-most-expensive-condo-to-be-listed-at-130-million" rel="nofollow" target="_blank">NYC&rsquo;s Most Expensive Condo to Be Listed at $130 Million</a>).</p> http://archinect.com/news/article/129403234/tadao-ando-shares-his-design-ambitions-for-152-elizabeth-street-in-new-york Tadao Ando shares his design ambitions for 152 Elizabeth Street in New York Alexander Walter 2015-06-12T14:23:00-04:00 >2015-06-16T18:19:00-04:00 <img src="http://cdn.archinect.net/images/514x/py/pyms2jma7ncliwo0.jpg" width="514" height="289" border="0" title="" alt="" /><p><a href="http://archinect.com/firms/cover/99728/tadao-ando" rel="nofollow" target="_blank">Tadao Ando</a>'s first ever NYC building&nbsp;&mdash; the brutalist condo tower project <a href="http://archinect.com/news/tag/463712/152-elizabeth-street" rel="nofollow" target="_blank">152 Elizabeth Street</a>&nbsp;&mdash; is kicking into high gear with the release of new renderings, photos of the completed sales gallery, floorplans for the first residences coming on the market, the launch of a new website for the building, and the unveiling of a video interview with the Japanese master and the project's interior designer, Michael Gabellini of <a href="http://archinect.com/firms/cover/40804767/gabellini-sheppard-associates" rel="nofollow" target="_blank">Gabellini Sheppard Associates</a>.</p><p>Read on for more details we've received, and watch the video interview below.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/pe/pe2536vs9wamw9b4.jpg"></p><p>"For 152 Elizabeth Street, Ando harmoniously balances fundamental elements including water, metal, glass greenery and concrete. His inventive use of concrete, a material that&rsquo;s ubiquitous in a majority of his projects, has become famous around the world.</p><p>Part concrete, part jewel box, the building makes a strong yet quiet statement with a fa&ccedil;ade comprised of voluminous glass, burnished metal and flanked by poured in-place concrete and a living green wall that rise...</p> http://archinect.com/news/article/123915839/further-details-on-tadao-ando-s-nyc-luxury-condo-tower Further details on Tadao Ando's NYC luxury condo tower Alexander Walter 2015-03-27T20:50:00-04:00 >2015-04-05T09:13:55-04:00 <img src="http://cdn.archinect.net/images/514x/bf/bf078905b4166d8d8e79daa741a1e315.jpg" width="514" height="289" border="0" title="" alt="" /><em><p>At the corner of Elizabeth and Kenmare Streets at the edge of NoLIta, demolition work began in early March to make way for a seven-story condominium, Mr. Ando&rsquo;s first stand-alone project in the city, although he has designed a restaurant (Morimoto in Chelsea) and residential interiors in Manhattan. Sales are expected to begin in April, with prices [...] likely to rise to more than $30 million for the four-bedroom penthouse, according to Mr. Steinberg.</p></em><br /><br /><p>Previously:</p><ul><li><a href="http://archinect.com/news/article/102271187/new-details-on-tadao-ando-s-upcoming-residential-project-in-nyc-s-nolita" rel="nofollow" target="_blank">New details on Tadao Ando's upcoming residential project in NYC's NoLIta</a></li><li><a href="http://archinect.com/news/article/95126889/tadao-ando-to-design-first-residential-building-in-new-york" rel="nofollow" target="_blank">Tadao Ando to design first residential building in New York</a></li></ul> http://archinect.com/news/article/123833084/this-modernist-rudolph-schindler-church-in-south-la-could-be-yours-for-1-85m This modernist Rudolph Schindler church in South LA could be yours for $1.85M Alexander Walter 2015-03-26T19:01:00-04:00 >2015-04-05T00:02:55-04:00 <img src="http://cdn.archinect.net/images/514x/69/6945aunxhm6gmu4w.jpg" width="514" height="347" border="0" title="" alt="" /><em><p>Prolific Los Angeles Modernist Rudolph Schindler designed dozens of timeless duplexes, apartments, houses, and office buildings, but he only ever designed one church. Bethlehem Baptist Church in Central-Alameda was built in 1944 for a small, black church congregation. Now, just after a much-needed restoration to what was for many years a pretty rough-looking building, the architecturally significant church&mdash;an official Los Angeles Historic-Cultural Landmark&mdash;is up for sale.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/123600021/looking-to-buy-a-home-in-sf-good-luck Looking to buy a home in SF? Good luck Amelia Taylor-Hochberg 2015-03-23T18:39:00-04:00 >2015-04-04T22:35:29-04:00 <img src="http://cdn.archinect.net/images/514x/37/37bf6b17e60176b5c4edb2f8ee935210.jpg" width="514" height="515" border="0" title="" alt="" /><em><p>Everyone knows the supply of new homes in the Bay Area is falling far short of job and population growth, but the number of existing homes being put up for sale is also near record lows in many areas. [...] &ldquo;The move-up market is pretty much frozen,&rdquo; said Matt Fuller, an agent with Zephyr. &ldquo;Even if you can do great on the sale of your property, you are terrified to enter the market as a buyer.&rdquo; [...] Inventory is also shrinking because post-foreclosure sales have dried up.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/123275741/chicago-s-willis-tower-sold-for-1-3b-to-blackstone-group Chicago's Willis Tower sold for $1.3B to Blackstone Group Alexander Walter 2015-03-19T13:20:00-04:00 >2015-03-19T15:42:31-04:00 <img src="http://cdn.archinect.net/images/514x/su/sunx1q6e360e0qob.jpg" width="476" height="600" border="0" title="" alt="" /><em><p>Blackstone Group LP agreed to buy Chicago&rsquo;s Willis Tower, the second-tallest building in the U.S., and plans to upgrade the retail and observatory space in a bet on growth in the city. [...] On a per-square-foot basis, the valuation for the more than 40-year-old Willis Tower is lower than deals for newer buildings. The Blackstone price is about $342 a square foot, based on about 3.8 million square feet (353,000 square meters) of rentable space.</p></em><br /><br /><p>Previously:&nbsp;<a href="http://archinect.com/news/article/122214181/need-a-skyscraper-chicago-s-willis-tower-just-hit-the-market" rel="nofollow" target="_blank">Need a skyscraper? Chicago&rsquo;s Willis Tower just hit the market.</a></p> http://archinect.com/news/article/122214181/need-a-skyscraper-chicago-s-willis-tower-just-hit-the-market Need a skyscraper? Chicago’s Willis Tower just hit the market. Alexander Walter 2015-03-05T17:29:00-05:00 >2015-03-07T20:23:44-05:00 <img src="http://cdn.archinect.net/images/514x/ri/riduod6gm859myp9.jpg" width="514" height="326" border="0" title="" alt="" /><em><p>Chicago&rsquo;s Willis Tower, once the world&rsquo;s tallest building and one of the city&rsquo;s top tourist attractions, is up for sale. [...] The 1,450-foot (442-meter) building, formerly known as the Sears Tower, is the second-tallest in the U.S., and was the world&rsquo;s highest from its completion in the early 1970s until 1998 [...] &ldquo;It&rsquo;s iconic in the size and how it dominates the skyline, [...] As an office building, however, it&rsquo;s 1970s construction.&rdquo;</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/118197559/a-look-at-the-growing-influence-of-immigrants-on-the-american-housing-market A look at the growing influence of immigrants on the American housing market Alexander Walter 2015-01-12T14:37:00-05:00 >2015-01-14T20:41:35-05:00 <img src="http://cdn.archinect.net/images/514x/e8/e8083c3c2f26a3db7c68d87528f8194e.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>While some remain cynical about homeownership, the U.S.'s foreign-born population still regards it as a symbol of attaining the American Dream. [...] Last year, immigrant households made up 11.2 percent of owner-occupied housing according to the JCHS&mdash;that&rsquo;s up from only 6.8 percent in 1994.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/117808241/america-s-most-expensive-rental-markets-in-2014 America's most expensive rental markets in 2014 Alexander Walter 2015-01-07T13:21:00-05:00 >2015-01-08T14:34:54-05:00 <img src="http://cdn.archinect.net/images/514x/5d/5d9e3b520b3f1c57e32d823ea26fcb24.jpg" width="514" height="257" border="0" title="" alt="" /><em><p>Rents continue to outpace incomes. In fact, Zillow just&nbsp;released data showing U.S. renters spent a combined $441 billion on housing&nbsp;in 2014. Perhaps surprisingly, the New York-Northern New Jersey metro didn&rsquo;t top the list. San Jose was the highest, with renters paying on average&nbsp;$1,807 per month. Meanwhile, the 20th most expensive metro&nbsp;for renters was&nbsp;Minneapolis-St. Paul, where the average monthly payment in 2014 was&nbsp;$927.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/117113216/port-authority-reveals-plan-to-sell-world-trade-center-site Port Authority reveals plan to sell World Trade Center site Alexander Walter 2014-12-29T12:50:00-05:00 >2015-01-05T18:28:58-05:00 <img src="http://cdn.archinect.net/images/514x/wl/wl3jibe14u4hpge2.jpg" width="514" height="774" border="0" title="" alt="" /><em><p>Govs. Andrew Cuomo and Chris Christie have turned to a familiar idea in their pledge to reform the Port Authority of New York and New Jersey: selling its real estate. A report released over the weekend highlights a plan to sell off many of the agency&rsquo;s sprawling property holdings, by far the most notable of which is the World Trade Center site in lower Manhattan. That concept has long been pushed within the agency, and it has been implemented gradually over the past decade and a half.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/115820972/the-qatari-royal-family-now-owns-more-of-london-than-the-british-crown The Qatari royal family now owns more of London than the British Crown Nicholas Korody 2014-12-12T18:06:00-05:00 >2014-12-18T20:35:38-05:00 <img src="http://cdn.archinect.net/images/514x/d1/d15362b91eeddda39a205d14dd37f65d.jpg" width="514" height="289" border="0" title="" alt="" /><em><p>The Qatari royal family is planning to convert three of London&rsquo;s most prestigious addresses into a single mega-mansion valued at over &pound;200 million. The family, which already owns famous London landmarks including the Shard, Harrods and the Olympic Park, has submitted plans to convert three properties in Regent&rsquo;s Park [...] The Qatari royal family now owns more of London than the Crown Estate.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/115580916/sn-hetta-to-move-its-new-york-city-offices Snøhetta to move its New York City offices Alexander Walter 2014-12-09T15:13:00-05:00 >2014-12-11T19:13:25-05:00 <img src="http://cdn.archinect.net/images/514x/b3/b30411a1e417d85c83ab8cc4b0f20c90.jpg" width="199" height="300" border="0" title="" alt="" /><em><p>Norway-based architecture firm&nbsp;Sn&oslash;hetta will move its New York City offices to the&nbsp;Rudin family&rsquo;s 80 Pine Street in the Financial District, the landlord announced this morning. The architecture company, whose first New York City project was the National September 11 Memorial Museum Pavillion at the World Trade Center site, will relocate from 25 Broadway to a segment of the 10th floor of the 38-story structure in 2015 [...].</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/114975675/the-long-goodbye-apartment-is-available-to-rent-for-only-2800 "The Long Goodbye" Apartment is Available to Rent for Only $2800 Nicholas Korody 2014-12-01T18:23:00-05:00 >2014-12-03T22:20:06-05:00 <img src="http://cdn.archinect.net/images/514x/pd/pdlksw9fcej4cju3.jpg" width="337" height="450" border="0" title="" alt="" /><em><p>At the end of a cul de sac near the Hollywood Bowl, park your car in a garage carved into the hill. Walk through a gated tunnel to a private elevator where you'll be taken up 6 stories through the hill to the top of a Tuscan tower. Nestled in a quiet walk street enclave high above the bustle of Hollywood Blvd. 1bed, 1 bath includes the aforementioned private parking garage (remote door opener). Washer/Dryer, hardwood floors and terrace.</p></em><br /><br /><p>The apartment was featured in Robert Altman's 1973 "The Long Goodbye." In the neo-noir&nbsp;film, Elliot Gould plays Phillip Marlowe, a private eye living in a tower high up in the Hollywood Hills. The apartment was also featured in&nbsp;Kenneth Branagh's&nbsp;<em>Dead Again.&nbsp;</em>According to the craigslist ad, Michael Connelly &ndash; author of <em>the Lincoln Lawyer &ndash;&nbsp;</em>was a former resident as was&nbsp;David Copperfield.</p><p>The apartment is close to the Hollywood Bowl. Moreover: it's "quiet, no freeway noise, beautiful views yet a short walk to Hollywood and Highland and the subway." No word on whether or not it's&nbsp;<a href="https://www.youtube.com/watch?v=_u0uo0TxS-I" rel="nofollow" target="_blank">cat-friendly</a>.</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/4a/4awt7urinfxyn612.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/eb/ebo98w666tqooioe.jpg"></p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/60/60qh3ca5b5ygjliz.jpg"><img title="" alt="" src="http://cdn.archinect.net/images/514x/27/27g3rukudr2a730q.jpg"></p> http://archinect.com/news/article/113667820/nmda-3xn-and-mad-among-first-six-teams-competing-for-porsche-residential-tower NMDA, 3XN, and MAD among first six teams competing for Porsche residential tower Justine Testado 2014-11-14T19:52:00-05:00 >2014-11-19T19:54:53-05:00 <img src="http://cdn.archinect.net/images/514x/o2/o2dblwiuny37vqvr.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>Luxury brand Porsche Design recently launched a closed invite-only competition to find the architect for their Porsche Design Tower in Frankfurt, Germany. The winning proposal will have the most fitting urban architectural concept along with ideas for the surrounding outdoor spaces. The project will be Porsche's debut in real estate in Europe.</p></em><br /><br /><p>Out of a goal of 20 participating architecture teams, the first six firms to compete are:</p><ul><li>&nbsp;&nbsp;&nbsp; Delugan Meissl Associated Architects, Vienna (Austria)</li><li>&nbsp;&nbsp;&nbsp; 3XN, Copenhagen (Denmark)</li><li>&nbsp;&nbsp;&nbsp; Neutelings Riedijk Architecten, Rotterdam (The Netherlands)</li><li>&nbsp;&nbsp;&nbsp; Stefano Boeri Architetti, Milan (Italy)</li><li>&nbsp;&nbsp;&nbsp; MAD architects, Beijing (China)</li><li>&nbsp;&nbsp;&nbsp; Neil M. Denari Architects, Los Angeles (USA)</li></ul><p>Find out more about the project on <a href="http://www.bustler.net/index.php/article/first_6_teams_including_nmda_3xn_mad_architects_to_compete_for_porsche_resi/" rel="nofollow" target="_blank">Bustler</a>.</p> http://archinect.com/news/article/112872633/developer-wants-to-re-use-and-trademark-the-5pointz-name-for-their-new-residential-towers Developer wants to re-use and trademark the 5Pointz name for their new residential towers Diane Pham 2014-11-04T12:33:00-05:00 >2014-12-16T12:10:58-05:00 <img src="http://cdn.archinect.net/images/514x/bv/bvc8kukz4jxl435g.jpg" width="514" height="319" border="0" title="" alt="" /><em><p>The whitewashing and subsequent demolition of Long Island City graffiti mecca 5Pointz was painful enough for the arts community, but now G&amp;M Realty, the developer responsible for the loss, wants to trademark the 5Pointz name and use it for their new residential towers at the site. And artists are not happy, saying the developer is trying to bank off their name.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/112279307/winners-of-the-2014-urban-land-institute-global-awards-for-excellence Winners of the 2014 Urban Land Institute Global Awards for Excellence Justine Testado 2014-10-27T19:19:00-04:00 >2014-10-29T19:47:08-04:00 <img src="http://cdn.archinect.net/images/514x/f9/f98zfxbczj45ppr7.jpg" width="514" height="756" border="0" title="" alt="" /><em><p>Top-notch real estate development deserves a little recognition, too. The Urban Land Institute announced the winners in their 2014 Global Awards for Excellence, considered as the most prestigious awards program in the land use industry. Now in its 36th year, the open awards competition selects projects that best exhibit high standards in design, construction, planning, management, and economics.</p></em><br /><br /><p>Here's a few of the 2014 winners:</p><p>Governor George Deukmejian Courthouse, Long Beach, CA, USA.<br>Developer: Long Beach Judicial Partners LLC/Meridiam Infrastructure; Designer: AECOM</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/du/dulaxmgb8c3mfmuz.jpg"></p><p>Zuellig Building, Makati City, Philippines<br>Developer: Bridgebury Realty Corporation; Designer: Skidmore, Owings &amp; Merrill LLP, et al</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/ac/acsonuvy3u7nxnmp.jpg"></p><p>Mercado do Bom Sucesso, Porto, Portugal<br>Developer: Urban Market Company et al; Designer: Ferreira de Almeida, Arquitectos LDA</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/29/29ch8lncgyi09mnh.jpg"></p><p>Tjuvholmen, Oslo, Norway<br>Developer: Tjuvholmen KS/AS; Designer: Niels Torp Arkitekter Mnal, et al</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/ui/ui7iil2u4dcmh3zi.jpg"></p><p>Find the full list of winners on <a href="http://www.bustler.net/index.php/article/winners_of_the_2014_uli_global_awards_for_excellence/" rel="nofollow" target="_blank">Bustler</a>.</p> http://archinect.com/news/article/110818290/san-francisco-legalizes-regulates-airbnb-with-lots-of-amendments San Francisco Legalizes, Regulates Airbnb (With Lots of Amendments) Amelia Taylor-Hochberg 2014-10-08T20:45:00-04:00 >2014-10-15T22:13:17-04:00 <img src="http://cdn.archinect.net/images/514x/cb/cb3bd778eee3d77534f9c9e06cf1fdc8.jpg" width="514" height="323" border="0" title="" alt="" /><em><p>The city&rsquo;s board of supervisors voted to legalize and regulate short-term stays through a controversial piece of legislation that has been two years in the making [...] The key changes include a limit on non-hosted rentals for up to 90 days per year. [...] [The hosts will] also have to pay the city&rsquo;s hotel taxes. They &mdash; not Airbnb &mdash; are responsible for certifying that they&rsquo;re only hosting 90 days a year and for keeping records that prove this.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/109657265/nyc-s-most-expensive-condo-to-be-listed-at-130-million NYC’s Most Expensive Condo to Be Listed at $130 Million Alexander Walter 2014-09-23T19:01:00-04:00 >2014-09-24T19:19:12-04:00 <img src="http://cdn.archinect.net/images/514x/vw/vwtsu9b0g6ca9wn9.jpg" width="514" height="345" border="0" title="" alt="" /><em><p>A triplex penthouse at Zeckendorf Development Co.&rsquo;s tower under construction on Manhattan&rsquo;s Upper East Side will be offered for sale at $130 million, making it New York&rsquo;s most expensive apartment listing. The 12,394-square-foot (1,151-square-meter) property will span the top three floors at 520 Park Ave., where sales will begin the first quarter of next year, Arthur Zeckendorf said in an interview today.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/109513378/in-nyc-trophy-townhouses-are-back-in-favor-again In NYC trophy townhouses are back in favor again Nam Henderson 2014-09-21T23:38:00-04:00 >2014-09-22T10:24:31-04:00 <img src="http://cdn.archinect.net/images/514x/el/elccsox3hqgk6i1w.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>&ldquo;For 10 or so of these important properties to come on the market at the same time, that matters a lot,&rdquo; - Gregory J. Heym, an executive vice president and the chief economist for Halstead Property and Brown Harris Stevens</p></em><br /><br /><p>Earlier this month Robin Finn, looked at one trend in Manhattan's luxury/high-end real estate market. Given the&nbsp;less than 2,000&nbsp;single-family homes in Manhattan, a recent influx of&nbsp;historic mansions and townhouses into the market, offers buyers a rare opportunity to avoid co-ops and condos.</p><p>Some are calling it a nouveau form of recycling, but without a doubt one that&nbsp;caters to the 1 percent.</p> http://archinect.com/news/article/109353010/nyc-s-historic-190-bowery-part-of-massive-buy-up-by-developer-rfr-holdings NYC's historic 190 Bowery part of massive buy-up by developer RFR Holdings Amelia Taylor-Hochberg 2014-09-19T20:25:00-04:00 >2014-09-23T17:26:56-04:00 <img src="http://cdn.archinect.net/images/514x/2o/2o2zmf22q0z4k13l.jpg" width="514" height="359" border="0" title="" alt="" /><em><p>RFR plans to spend $250 million on Manhattan land purchases, up to $500 million on office building deals and $100 million to $150 million more on retailing properties &mdash; all before the end of the year. [...] Perhaps the most under-the-radar purchase was 190 Bowery... Developers have been trying for years to buy the six-story Renaissance Revival structure, which appears abandoned, with blocked-off doorways, boarded-up windows and graffiti covering nearly all of the lower facade.</p></em><br /><br /><p>For some more context on 190 Bowery, check out <a href="http://archinect.com/news/article/109347390/life-in-the-bowery-s-72-room-bohemian-dream-house" rel="nofollow" target="_blank">Wendy Goodman's 2008 profile of the family living there</a>.</p>