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Today, listings from one coast to another tout Bitcoin as a way to make a property transaction. A new collection of haute residences in Hollywood with Los Angeles skyline views go for $1.21 million or its Bitcoin equivalent; in Washington, D.C., two-bedroom condos are on the market for between 36 and 84 Bitcoins. In Austin, the seller of one ranch is offering a “signficant discount” if the buyer pays with Bitcoin. — Curbed
Great longform piece by Andrew Zaleski for Curbed on how Bitcoin, blockchain technology, and other cryptocurrencies have changed—or not changed—the real estate industry. "While there are laws in Arizona and Vermont that allow blockchain technology to play key parts in property sales and... View full entry
Portland's urban renewal agency has named three finalists to shape the redevelopment of the soon-to-be-vacated downtown post office blocks.
Not among them: a headline-grabbing but unlikely proposal for two massive skyscrapers, the taller of which would be nearly twice the height of any existing building in Portland.
— oregonlive.com
Prosper Portland has selected 3 finalists for the 14 acre post office site located in the heart of the city: McWhinney, Related Cos., and Continuum Partners. It comes as no surprise that William Kaven's two tower proposal was not selected. Broadway Corridor total development site of 32 acres... View full entry
A duplex apartment in Le Corbusier’s Modernist icon La Cité Radieuse has hit the market for €598,000. [...]
This 140 sq m apartment sits on a high floor of the colourful Modernist landmark, built from béton-brut concrete and declared a UNESCO World Heritage Site in 2016. The Marseille property is on the market via 20th and 21st century architecture specialists Architecture de Collection.
— The Spaces
Photo © Architecture de CollectionBe it the béton brut appeal or the prospect of owning an appartement in the South of France, now's your moment to get both: a 1,500-square-foot unit on a higher floor in Le Corbusier's iconic Unité d’Habitation housing block in Marseille just hit the... View full entry
Overlooking the Hollywood Hills of Los Angeles, the Hollyridge Home completed a well-deserved makeover this past January by L.A.-based AUX Architecture. Originally built in 1989 and previously owned by Red Hot Chili Peppers lead singer Anthony Kiedis from 1990-1997, the 2,849 square-foot home is... View full entry
The construction of this and other so-called giga-mansions underscores a new gilded age in the United States and especially in LA. [...]
The splurge comes amid a housing shortage that has fuelled a homelessness crisis, with 57,000 people without permanent shelter in LA county [...]. The Los Angeles Times columnist Steve Lopez compared the city’s hilltop mansions to giant tombstones marking the death of humility.
— The Guardian
The Guardian takes a peek into the world of ultra-luxury real estate developer Niles Niami whose latest endeavor—the sprawling Bel Air hilltop giga-mansion with its four swimming pools, 20 bedrooms, movie theater, and nightly club aptly called The One—frequently makes the news for... View full entry
After breaking ground on its first-ever real estate project last fall (the aptly named Aston Martin Residences in downtown Miami), British automaker Aston Martin has unveiled never-before-seen renderings of the building’s amenity spaces. — Robb Report
Aston Martin's first venture into branded luxury real estate broke ground in Downtown Miami last fall and is expected to welcome its deep-pocketed residents in 2021. Until then, check out these new renderings of some of the amenities at the Aston Martin Residences tower. Aston Martin... View full entry
The link between property and transport has been perhaps the most durable in human history.
Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals, railways to highways. [...]
But now, the dawn of the driverless car—promising a utopia of stress-free commutes, urban playgrounds and the end of parking hassles—threatens to complicate the calculus for anyone buying property.
— Bloomberg
Bloomberg Technology explains how the real estate industry is already preparing for all that sweet, sweet valuable space to open up for development once the widespread arrival of driverless vehicles makes parked cars — and the blocked square footage they occupy — a thing of the past. View full entry
Other than the conversion of the dining room into a library and a den into office space in 2000, the apartment has remained largely unchanged since the 1970s.
“Some people might see this as dated,” [Luca] Vignelli said. But much of the apartment feels timeless, as his parents intended, he added: “I would love to see somebody who appreciates the space and their presence in the space” as a buyer.
— The New York Times
The design legacy of the late Lella and Massimo Vignelli lives on in their New York home, which will be listed for $6.5 million. The home hasn't changed much since the couple bought it in 1978. Their children Luca and Valentina Vignelli, who are selling the duplex because they both live... View full entry
Virtual reality, a technology that most associate with gaming, entertainment and dystopic warnings from sci-fi writers including Ray Bradbury and Neal Stephenson, has moved into the real estate world in a big way. — The Guardian
With increasing frustration of penthouse shoppers reaching an immeasurable high, a novel application of new technology has been making a splash in the real estate market. Virtual reality has become the go-to tool for allowing real estate investors the opportunity to see precisely what they are... View full entry
The Longaberger basket building has been sold.
The iconic seven-story office building at 1500 E. Main St. in Newark has been sold to Coon Restoration of Louisville, which is near Canton. The developer has an eye toward converting the building and its 21-acre site to a new use, the company said in a release.
— bizjournals.com
Developer Steve Coon, the landmark building's new owner, hasn't revealed specific details about his redevelopment plans for the property but announced Cleveland-based Sandvick Architects as the designers for the job. View full entry
A rare find on the housing market: The Olfelt House designed by Frank Lloyd Wright can now be yours for $1.3 million. Located in St. Louis Park, Minnesota this rare find includes 3 beds and 2 baths set on 3.77 acres of private, grassy meadows. The house features a vaulted great room, walls of... View full entry
After 2016 smashed records for the planet’s biggest deals, this year was not far behind. There was a noticeable flurry of activity in the aptly named Golden State of California where the rich and famous – and we’re talking the likes of Beyoncé and Jay Z – flocked to snap up a piece of prime LA luxury. But three of the most expensive homes were all inside one development in Hong Kong. — The Spaces
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
In Pleasantville, New York is a 1947 Usonian community of 50 houses that blend in with their surrounding landscape. All were approved by Frank Lloyd Wright, but three were built by the architect himself, the Sol Friedman House being one. Famous for its mushroom-shaped roofs and carport, the... View full entry
It’s 2027 (or 2037) and the age of the self-driving car. City-dwellers have traded in their car keys for ride hails. Street parking has been replaced by wider sidewalks and bike lanes, while developers are busy converting garages into much-needed housing.
That’s one vision of how self-driving cars will affect U.S. real estate, laid out in a report by MIT’s Center for Real Estate. But it’s not the only one.
— bloomberg.com
"Even as reclaimed parking spaces fuel a downtown building boom," Bloomberg reports, "autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report [...]."... View full entry
