There is something romantic about the idea of a holdout, a David to the big developer's Goliath, a protagonist for whom home matters more than money, a solitary survivor. In the Pixar movie "Up," the holdout is the hero. In the real-life Seattle version of the story that reportedly inspired the film's premise, an elderly woman who refused to sell her home became — along with her home itself — a city icon. — washingtonpost.com
The McMansion style, built between 2001 and 2007 and averaging 3,000 to 5,000 square feet, lacks the appeal with today's buyers compared to old vintage homes or large freshly built homes.
The realization is especially hard on homeowners trying to sell because when they bought the giant homes in the early 2000s, they thought of them as great investments, Feinstein said.
Then, the idea was that bigger was better because prices presumably would keep going up. — Chicago Tribune
Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new chapter, likely as part of a mixed-use redevelopment. [...]
Tribune Media unveiled conceptual plans last year to redevelop the parcel, adding several buildings to maximize the space with residential, retail and hotel components. — chicagotribune.com
Los Angeles, where homes sell for a median price of $475,000, has an overall Walk Score of 66.3. Each additional walkability point adds an average of $3,948, or a 0.83% bump, to the sale price. [...]
Pedestrian access adds the most proportional value to homes in cities such as Atlanta, where the overall score is 48.4 and revitalization efforts are starting to open up more community gathering hubs. A single-point upgrade to an Atlanta home’s Walk Score boosts the sale price 1.69% on average. — latimes.com
You’ve always wanted to call Brooklyn home. But it’s complicated. You’re not really the pioneering type. Brooklyn can be rough around the edges. Amenities are lacking. We understand. Industrial-chic finishes are important in life. So are 25-year tax abatements. And European-style, car-sized parking turntables. — failedarchitecture.com
It’s not a new argument to say that cities are increasingly morphing from social configurations to investment vehicles. [...]
“Self-builds”, “Baugruppen”, and “zelfbouw” are just a few ways to define variations of building-it-yourself (BIY), whether done individually or as a collective. The end users (who are the commissioners), together with architects, decide on the design of their homes, and then take care of the construction themselves or have contractors do it. — failedarchitecture.com
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[Google and LinkedIn] announced a large, surprising property swap encompassing over three million square feet of existing and future real estate...
From Google, LinkedIn is picking up seven buildings...In return, Google is getting LinkedIn’s Mountain View headquarters office and...four different surrounding properties that enable Google to follow through on its ambitious plan for a new, green, crazy-futurist campus. — recode
Brokers say the very top of the market — consisting of eight- and nine-figure homes — is faring the worst as slowing economies overseas and volatile stock markets have spooked buyers. The supply of homes for the rich exploded as builders aimed at the high end after the financial crisis. — NYT
Of the four houses Frank Lloyd Wright built in New Jersey, the first and largest was the 2,000-square-foot James B. Christie House, which dates to 1940. Wright built the home on seven acres of secluded woodland and employed his Usonian principles of simplicity and practically that connect to nature. After selling in 2014 to a private buyer for $1.7 million, the Christie House is now on the market for $2.2 million after receiving a new roof and heating system. — 6sqft.com
Almost two-thirds of homes in the Tower, a 50-storey apartment complex in London, are in foreign ownership, with a quarter held through secretive offshore companies based in tax havens, a Guardian investigation has revealed.
The first residents of the landmark development arrived in October 2013, but many of the homes are barely occupied, with some residents saying they only use them for a fraction of the year. — The Guardian
Private property developers are outmanoeuvring councils in housing negotiations and routinely delivering fewer affordable homes than town halls want, an industry analysis has revealed.
Amid growing anger at the sale to foreign buyers of almost two-thirds of London’s tallest residential skyscraper, which includes no affordable housing, it has emerged that not one London borough which set targets met them in the last six years. — the Guardian
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