Dr. Rick C. Ernst
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High End Real Estate

In San Francisco real estate, $1M won't buy much
www.sfexaminer.com

"It already was expensive, and a lot of these high–end markets weren't hammered as hard during the downturn because they weren't as exposed to subprime mortgages, so they had less ground to recover in the first place." George Limperis, an agent with …

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Tax-Averse French Seek Shelter in Portugal
www.businessweek.com

Lisbon real estate agent Paulo Silva says Portugal's booming high–end property market has a Frenchman to thank: François Hollande. “The French president's taxes are prompting many to flee their country,” says Silva, who heads real estate agency Aguirre …

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Karlin, Trammell Crow partner on $1 billion Austin mixed-use project
www.bizjournals.com

No one in Austin had even heard of Karlin Real Estate three years ago. Now the Los Angeles-based investor is a formidable presence locally as it breaks ground this week on the first element — an office building — of a $1 billion multi-use development …

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Real Estate Attracts High Level of FDI into Vietnam
www.vietnam-briefing.com

Both the housing sector and the office and residential building sector are expected to see rising prices at the end of this year, making the real estate market much more attractive to foreign investors. According to Savills Vietnam, the supply of …

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On the Market: East New York Is Now Officially the 'Next Frontier' for …
observer.com

Max Fish re-opens this weekend, not in Williamsburg, as had been initially discussed when the beloved bar first got booted from its spot, but on Orchard Street, DNAinfo reports, a few blocks from its original Ludlow Street location. Maybe not all hope …

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Michael Jackson Neverland Ranch being readied for sale
www.dailyherald.com

Neverland Ranch, the Los Olivos, California, property where the late entertainer Michael Jackson lived, may soon get a new owner. Thomas Barrack Jr.'s Colony Capital LLC is readying the estate for a sale as high–end home values return to peak levels in …

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AuctionWorks to Host Real Estate Auction August 25-27
www.heraldonline.com

An upcoming September auction will feature a recently renovated, five-bedroom single-family luxury home with golf course views in Riverwoods, Ill.; several adjacent riverfront commercial properties in West Dundee, Ill.; and the opportunity to purchase …

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Backlash Against Foreign Home Buyers Takes Off
time.com

Then last week, the conversation about luxury real estate shifted from shady foreign buyers to an issue much closer to home for most of us: the question of whether non-ultra-rich residents of a new luxury development on Manhattan's Upper West Side will …

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Lavish Clubhouses Woo Luxury Home Buyers
online.wsj.com

The real–estate crash that began in 2008 taught high–end developers of private communities a prodigious lesson: To attract upscale buyers, invest heavily in the clubhouse. His-and-her massage rooms, guest quarters, art collections and farm-to-table …

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