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If you've been hunting for a lovely abode inside a rusty shell wedged between a railway line and a scrap yard on a challenging plot in central London for under a million pounds, you're in luck. Designed by UK firm Undercurrent Architects, the 1,600-sqft Archway Studios property is actually an... View full entry
This post is brought to you by MIT Center for Real Estate The MIT Master of Science in Real Estate Development (MSRED) offers an unparalleled education in real estate practice. Our groundbreaking MSRED degree presents a program that is rigorous, concentrated, multidisciplinary and geared... View full entry
This post is brought to you by MIT's MSRED The MIT Master of Science in Real Estate Development (MSRED) offers an unparalleled education in real estate practice. Our groundbreaking MSRED degree presents a program that is rigorous, concentrated, multidisciplinary and geared toward direct... View full entry
Silverstein Properties closed on its $430 million deal to buy US Bank Tower, an iconic Downtown Los Angeles property whose purchase price was far below initial expectations. [...]
In a statement, chairman Larry Silverstein said: “I believe in the future of Downtown Los Angeles.”
— The Real Deal
The 73-story US Bank Tower, designed by Henry N. Cobb of Pei Cobb Freed & Partners, was once the tallest building west of the Mississippi River until the recently completed Wilshire Grand Center in Los Angeles and later the Salesforce Tower in San Francisco took over that title. The 36-foot-long... View full entry
Sitting on nearly a half-acre of land, the 120-year-old faded yellow home, known as the Foster House and Stable, located at 12147 S. Harvard Ave., features steep roof peaks — something that wasn’t necessarily common in Wright’s designs — and has five bedrooms and three bathrooms. — Chicago Sun Times
The home sold for just under $200,000. The property was declared a Chicago landmark in 1996 and according to the city, "the house and its stable were constructed as a summer residence for Stephen Foster, an attorney who was a member of the real estate group that developed this portion of West... View full entry
Sold late August for nearly $2.75 million, Arthur Erickson's Filberg House in Comox, British Columbia was designed in 1959 and is said to be the first residential property designed by the Vancouver-born architect. The recent sale of the home has stirred up some concern amongst Erickson fans. Some... View full entry
A 39-story residential tower designed by Morris Adjmi Architects is nearing the end of construction in New York City, where work on the city's rising crop of luxury residential towers continues unabated. The 92,000-square-foot project is wrapped in an expressive gridded structural system that... View full entry
The pandemic is expected to drastically reshape commercial real estate, leaving thousands of vacant and underused spaces nationwide. But some developers and investors are keen to seize the chance to convert those properties into other uses. — The New York Times
Tom Acitelli of The New York Times investigates some of the ways in which office and commercial spaces may be rethought in coming years as conversions from previous uses facilitate a massive transformation within the American built environment on a scale that is largely without precedent. In... View full entry
Realtor.com has become the first site to disclose information about a home's flood risk and how climate change could increase that risk in the coming decades, potentially signaling a major shift in consumers' access to information about climate threats. [...]
Still, other websites such as Redfin, Zillow and Trulia have no plans to share information about flooding with users [...] say home sellers are reluctant to publish flood risk information, since it could decrease their home's value.
— NPR
Even among Frank Lloyd Wright’s scores of iconic properties, this sweeping spiral house still stands out. The Arizona home, which the celebrated architect built for his son David in the 1950s, just sold for $7.25 million.
The deal wraps up a two-year effort to sell the estate, which originally listed for $12.95 million in 2018 before a price cut last year brought the tag down to a buck shy of $10 million.
— Los Angeles Times
The David and Gladys Wright House saga previously on Archinect. Watch the video below for a fascinating tour of the Phoenix estate. Previously on Archinect: David and Gladys Wright House back on the market. Image via davidwrighthouse.org. View full entry
The number of vacant apartment buildings in Manhattan continues to grow as the effects of a recent construction boom and the COVID-19 crisis converge within the city's real estate market. CNBC reports that the number of apartments for rent, or listing inventory "more than doubled... View full entry
Miami's new 62-story luxury residential tower One Thousand Museum is now officially completed with the issuance of its certificate of occupancy from the local building department this week. The property opened for sale of its 84 units last year July when it received a temporary CofO. Vertical... View full entry
The Houston Association of Realtors (HAR) will no longer use the term "master" to describe the primary bedroom of a home on their housing listings. The term "master" has roots in slavery, and HAR says the topic of removing it from realty terminology has been debated for years.
Now, the Multiple Listing Service (MLS) platform that HAR uses for listings, will use "primary bedroom" and "primary bath," HAR said in a statement to CBS News.
— CBS News
"The origin of the terms is debated, and we are not saying they are rooted in slavery. Others didn't personally view them as sexist or racist but believed we should change the terms for anyone else who might find them objectionable. The consensus was that Primary describes the rooms equally as... View full entry
The Charles and Dorothy Manson house is an early example of Frank Lloyd Wright's Usonian houses. Designed in 1938 and completed in 1941, the distinctive horizontal roof line descends four levels down the cascading wooded lot on Wausau's prestigious and historic East Hill neighborhood. — David Wood, Realtor
Looking to pick up a Frank Lloyd Wright Usonian house in central Wisconsin? The early 1940s 4-bedroom, 3-bath Charles L. and Dorothy Manson House in Wausau just entered the market. "Departing from his early Usonian houses with right-angle corners," explains the listing, "Frank Lloyd Wright... View full entry
One Los Angeles city councilman, now out of office, admitted last week that he accepted envelopes of cash from a businessman in casino bathrooms. [...]
Yet another council member allegedly sought a $500,000 cash bribe from a real estate developer, according to a plea deal struck between federal investigators and a political fundraiser who admitted collecting much of the money in a paper bag.
— Los Angeles Times
Los Angeles Times reporters David Zahniser and Emily Alpert Reyes shed light on the growing number of municipal corruption scandals in Los Angeles. A probe by the Federal Bureau of Investigations has revealed the degree to which real estate development plays a role in feeding “pay-to-play”... View full entry