The Qatari royal family is planning to convert three of London’s most prestigious addresses into a single mega-mansion valued at over £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’s Park [...] The Qatari royal family now owns more of London than the Crown Estate. — RT
Norway-based architecture firm Snøhetta will move its New York City offices to the Rudin family’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 [...]. — commercialobserver.com
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. — Craigslist
The apartment was featured in Robert Altman's 1973 "The Long Goodbye." In the neo-noir 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 Kenneth Branagh's Dead Again. According to the craigslist ad...
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. — bustler.net
Out of a goal of 20 participating architecture teams, the first six firms to compete are: Delugan Meissl Associated Architects, Vienna (Austria) 3XN, Copenhagen (Denmark) Neutelings Riedijk Architecten, Rotterdam (The Netherlands) Stefano Boeri Architetti, Milan...
The whitewashing and subsequent demolition of Long Island City graffiti mecca 5Pointz was painful enough for the arts community, but now G&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. — 6sqft
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. — bustler.net
Here's a few of the 2014 winners:Governor George Deukmejian Courthouse, Long Beach, CA, USA.Developer: Long Beach Judicial Partners LLC/Meridiam Infrastructure; Designer: AECOMZuellig Building, Makati City, PhilippinesDeveloper: Bridgebury Realty Corporation; Designer: Skidmore, Owings &...
The city’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’s hotel taxes. They — not Airbnb — are responsible for certifying that they’re only hosting 90 days a year and for keeping records that prove this. — techcrunch.com
A triplex penthouse at Zeckendorf Development Co.’s tower under construction on Manhattan’s Upper East Side will be offered for sale at $130 million, making it New York’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. — bloomberg.com
“For 10 or so of these important properties to come on the market at the same time, that matters a lot,” - Gregory J. Heym, an executive vice president and the chief economist for Halstead Property and Brown Harris Stevens — NYT
Earlier this month Robin Finn, looked at one trend in Manhattan's luxury/high-end real estate market. Given the less than 2,000 single-family homes in Manhattan, a recent influx of historic mansions and townhouses into the market, offers buyers a rare opportunity to avoid co-ops and condos.Some...
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 — 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. — nytimes.com
190 Bowery is a mystery: a graffiti-covered Gilded Age relic, with a beat-up wooden door that looks like it hasn’t been opened since La Guardia was mayor. [...]
With the Bowery Hotel and the New Museum, the Rogan and John Varvatos boutiques, 190 is now an anomaly, not the norm. Why isn’t some developer turning it into luxury condos?
Because Jay Maisel, the photographer who bought it 42 years ago for $102,000, still lives there, with his wife, Linda Adam Maisel, and daughter, Amanda. — New York Magazine
“It’s not rare for us to go and try to make sure that no one buys the house of someone who’s facing foreclosure,” says Rob Call, an organizer for Occupy Our Homes Atlanta (OOHA). In Georgia, houses are publicly auctioned every first Tuesday of the month on each county courthouse’s steps. "[...] these auctions were mostly vacant. No one was really trying to go after these homes, but then they were [suddenly] swamped with people bidding up houses with quick access to sizable cashier’s checks.” — nextcity.org
As New York City’s burgeoning tech economy continues to grow, startups face the same challenges for office space they would anywhere else—but have the added challenge of Manhattan-level price tags, vying for space with law firms, banks, and other well-financed tenants.
An absolute lack of space is not the issue, however. New York’s low 10 percent office vacancy rate may be second only to Washington, D.C.’s 9.6 percent, but an enormous amount of inventory is going up [...]. — urbanland.uli.org
Fed up with rising rents, bidding wars and neighborhoods that no longer resemble the low-rise bohemian enclaves they found when they arrived, many Brooklynites are moving out. They include decade-long renters who can no longer keep up with price hikes, qualified buyers who have been outbid one too many times, and young families who simply can’t find the space they want at prices they can afford. — nytimes.com
It has been the setting for music videos, TV commercials and scenes from the '80s movie "Less Than Zero." Now, the unusual Los Angeles home by influential architect John Lautner is slated to go on the market for $7.5 million.
Known as Silvertop, the house has a striking design: It is made up of a series of interlocking half-circles, with a massive, arched concrete roof over the living room. — online.wsj.com
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