"Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties."
"The initiative is part of a broader federal effort to increase the focus on money laundering in real estate." — The New York Times
The project’s makeup is evidently still undergoing changes, as the developers have waffled between either hotel or office options in the base of the buildings...
Given the sky-high prices developers can obtain for office space in Meatpacking and surrounding blocks, office may indeed make more sense than hotel...
In any case, the buildings will become the most prominent in the neighborhood by a significant margin. The two towers will stand 28 and 38 floors apiece... — newyorkyimby.com
According to celebrity gossip juggernaut TMZ, the Playboy Mansion in Los Angeles is soon to go up for sale and the owner — Playboy Enterprises and not Hugh Hefner — hopes for a brazenly quixotic and international publicity assuring sale price “somewhere north of $200 million.”
[...] should someone sign on the dotted line they will be required to accept a lifetime tenancy by Mister Hefner, now 89 years old and married since 2012 to 29-year-old former Playmate of the Month Crystal Harris. — variety.com
Better call the carpet cleaner first.Related stories in the Archinect news:Un-haunting a house: the art of selling a building with a grisly pastLos Angeles to declare homelessness in the city an 'emergency' and pledge $100 millionLow-income housing in Los Angeles: A look at the past, present and...
Amid contentious debate on rezonings across the city, the late 2013 hubbub around an upzoning proposal for East Midtown has, for the moment, abated — but hasn’t disappeared. In a bid to spur significant new development for the first time in decades, the de Blasio administration is currently retooling the Bloomberg-era plan to allow developers to construct much larger buildings [...]
Whether this rezoning eventually occurs or not, the buildings in Manhattan’s core aren’t getting any younger. — urbanomnibus.net
Related news on Archinect:Scroll through the "new New York Skyline" with this interactive infographicNew Renderings & Video of One Vanderbilt, Midtown NY’s Future Tallest Office TowerHistoric 190 Bowery to be Restored
China is reportedly planning to demolish three new high-rise [residential] buildings [in Tianjin, which] are up to 30 floors taller than originally planned...It’s the latest blow to the [city], which saw a devastating explosion at a warehouse in its port in August...state media pointed out that...the scale of illegal construction meant the building was unsafe, [deeming] the 'completely corrupt project' [as] unusable, and to be demolished was 'its destiny.' — International Business Times
More on Archinect:China’s replica of Wall Street is full of half-built, deserted skyscrapers and floods regularlyBrazilian engineering companies building Olympic venues "very probably" broke laws, accepted bribesLabor violations affirmed in latest report of NYU Abu Dhabi construction
A chain-link fence surrounds the stately brick mansion at 3201 Woodland Dr. NW in Woodley Park. Most of the windows are covered with plywood. Cars sometimes drive past slowly, with passengers leaning out...
In May, Savvas and Amy Savopoulos; their 10-year-old son, Philip; and their housekeeper, Veralicia Figueroa, were brutally killed inside. Now, less than six months after the shocking quadruple homicide that horrified Washington, the house is for sale.
Asking price? $3.25 million. — Washington Post
On Tuesday, Callison and architecture/engineering firm RTKL announced they have officially joined forces as CallisonRTKL...[CEO Lance] Josal said the merger is good news for both firms and 'especially for the Seattle office.' In talking to the firm's senior leaders, Josal said there has been 'a little bit of frustration on their part' because they felt the firm 'may have lost a bit of swagger locally' and wanted an owner that would invest in the firm... — Puget Sound Business Journal
Apple Inc. has landed its second spaceship — this time, in Sunnyvale — in a massive deal that exemplifies a new era in Silicon Valley real estate and crystalizes Apple’s enormous growth trajectory outside of its Cupertino stronghold. [...]
One caveat: It’s unclear whether the project will be built according to that design, from architecture firm HOK, or if Apple and Landbank will want to modify it in some way. — bizjournals.com
On its marketing microsite Notanotherbox.com, real estate firm Landbank Investments and architects HOK present the designs for the planned new Apple "Central & Wolfe Campus" with a series of box-hating and Walter-Isaacson-quote-spiked slides:All images via notanotherbox.com, design by...
Portlanders apparently upset with the direction of the local housing market are slapping "no Californians" stickers on For Sale signs in the city, real estate agents say. — Oregon Live
Portland, Oregon denizens are apparently worried that a tightening real estate market is partly the fault of monied Californians, who allegedly start bidding wars and make already scarce housing inventory even more expensive. This fear is manifesting in the appearance of a wordless, red and black...
The latest explosion of Manhattan development has fully and passionately embraced the phenomenon of the global starchitect. [...]
As it turned out, the future would be pure real estate ... The future was the privatisation of the sky and a transfer from corporate power to individual wealth, the visual manifestation of the 0.1 per cent. It was a catwalk of anorexic skinnyscrapers by the equivalents of haute-couture designers ... global names with which to sell real estate. — ft.com
With real estate prices soaring so high and so quickly, a lot of us are questioning if we even want to live in New York anymore—not to mention if we can. According to NeighborhoodX‘s latest map the price paid for a Bed-Stuy or Harlem apartment could get you a pretty sweet pad in the South of France or even trendy Paris. — 6sqft.com
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. — Business Insider
More on Archinect:Airbnb now open for business in Cuba, despite anemic internet accessAirbnb rentals cut deep into San Francisco housing stock, report saysMonterey Park City Council adopts tougher penalties for landlords of illegal boarding homesAirbnb celebrates London's Deregulation Act with...
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’s 325 neighborhoods against one another in a visually jarring side-by-side comparison. Among the most expensive? In Brooklyn... — 6sqft
More on New York real estate:The rise of communal living in New YorkThis $250M mega penthouse might become New York's priciest homeNew York & London ranked highest in 2015 Global Cities IndexNYC's public-housing woes
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. — Bloomberg
More on Archinect:Shipping container village crops up in Oakland, offering alternative to sky-high SF rents500 Square Feet and FallingPlay "Inside the rent", and become a virtual developer in NYCMonterey Park City Council adopts tougher penalties for landlords of illegal boarding homesL.A.'s...
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 — The Washington Post
More on Archinect:The rise and spectacular fall of Venice Beach's Pacific Ocean ParkAre apps the virtual gateway to physical gentrification?Oren Safdie's play "False Solution" finishes up its 3-week run this weekend in Santa MonicaThose hipster millennials might not be the true gentrifiers of U.S...
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