Built for Swire Properties Ltd. (962), the structure cost HK$27,000 ($3,477) per square foot to construct, including land premium. A standard high-rise apartment in the city can cost as little as $HK4,000 per square foot to build, according to Swire Chief Executive Officer Martin Cubbon.
“Of course, it’s going to be enormously expensive by any standards,” says Cubbon. “In rental values and capital values, it’s going to command the highest numbers that Hong Kong has ever seen.” — businessweek.com
The new owner will get a gas station and convenience store, a schoolhouse from 1905, a cabin, a garage, 10 acres, and a three-bedroom home at 8,000 feet altitude — overlooking the trucks and cars on the nearby interstate on one side and the distant snowcapped mountains in Rocky Mountain National Park in Colorado on the other. — washingtonpost.com
Every building is unique, and each has good things and some not-so-good things. The new website Honest Buildings launched today to make it a lot easier to learn about projects and open up a discourse on how to make them perform better. As the site matures, the creators see it developing into an organic gathering place for discourse on the built environment – a social media hub just for buildings. — Inhabitat
The foreclosure of Bank of America Plaza comes as delinquency rates for commercial mortgage backed securities, or CMBS, a type of loan for commercial properties, reached an all-time high in metro Atlanta in December, according to Trepp, a real estate research firm. — ajc.com
Its astonishing 6,100 sq ft of outrageous opulence - including 33 stained glass windows, four fireplaces, several wood panelled walls, seven bedrooms and its very own working elevator - has allowed its residents to live in spectacular splendour for almost 120 years.
Now prospective home-owners have the chance to buy into bliss as Chicago's luxurious Isodore H Heller House goes on the market for $2.5million. — dailymail.co.uk
Ryan also described a property as being designed by 'award-winning architect Noel Jessop'. A search of the New Zealand architect's register reveals that Jessop is not an architect, but that he has a certificate in drafting.
Ryan rejected the claim his conduct was misleading, saying members of the public use the words 'architecture', architecturally' and 'architect' interchangeably. — nzherald.co.nz
If you believe the adage about real estate -- that bit about the three most important things being location, location, location -- then one would think there are few places worse to own a home than the Gaza strip. [...] And yet, home prices are up sharply. — marketplace.publicradio.org
The folk art museum’s building was designed by Tod Williams Billie Tsien Architects and opened in 2001. It was not clear whether it would be torn down. The folk art museum took on $32 million of debt to construct the 53rd Street building. But attendance never met expectations, and after sustaining investment losses in the financial crisis, the museum defaulted on its debt. — NYTimes.com
Documentary by SBS Dateline (Australian TV) about the Chinese real estate market. — SBS Dateline
Sun Microsystems co-founder Bill Joy has never lived in the 176 Perry Street triplex he bought for $17.57 million five years ago, but it still may go down as the best home he ever owned. That's because Joy is looking to get a whopping $40 million for the 11,000-square-foot slab of Richard Meier minimalism, a nice profit even after hiring Meier to also design the interior. — Curbed
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