Dr. Rick C. Ernst
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High End Real Estate

China's Wanda Group invests in Chicago skyscraper project
www.property-report.com

It will comprise high–end residential, commercial and five-star hotel units. “Investing in Chicago property is just Wanda's first move into the US real estate market,” billionaire Wang Jianlin, owner of Wanda, said in media statement, adding that his …

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The Residence of the Future
www.bisnow.com

Yesterday, Town Residential managing director of new development Shlomi Reuveni told us smart home tech is in almost every condo project he's working on, and high–end apartment developers are considering it, too. Why? Wealthy buyers take it as a given …

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DoubleTree by Hilton sells for nearly $70M
www.tennessean.com

… high–end luxury properties in major gateway cities, such as New York, now trading for more than $1 million-a-key, prices of luxury hotels in downtown Nashville are starting to approach valuations of $400,000 a key, said Mark Bloom, a Nashville real …

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Luxury hotels now ahead of pre-financial crisis level
www.independent.ie

The main investor in the Jerusalem Waldorf Astoria, which took six years to build, is the family of Paul Reichmann, a top commercial real estate developer from Canada who died last year. It was built on the site of the Palace hotel, close to the walled …

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Despite cooling trend, high-end homes are still in hot demand, says Sotheby's
www.theprovince.com

OTTAWA – Canada's housing market may be cooling, but there's no loss of appetite for high–end real estate, according to Sotheby's International Realty Canada. The realtor says in a new report that sales of homes worth more than $1 million boomed in the …

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High-end residential projects still popular in Beijing
www.ecns.cn

Property developer Poly Real Estate Group Co Ltd recently got the green light for sales of its high–end housing project Haide Park, indicating that Beijing is easing its home purchase restrictions. The report said that in Beijing's high–end leasing …

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Florida leads nation in international real estate sales
www.miamiherald.com

Florida again topped the nation as the state of choice among international real estate buyers, capturing 23 percent of sales transactions in the latest yearly report from the National Association of Realtors. Nationwide, foreign buyers of real estate …

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Vancouver luxury home sales soar though not so much for duplexes
www.biv.com

Unlike Toronto, which also saw a Canada-leading 34% increase for $1 million-plus home sales, Vancouver's growth in high–end home sales was entirely due to increases in sales for $1-million-plus condominiums and detached homes. Sales for Vancouver …

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The Radisson Blu has opened its doors. Will more luxury lodging follow it to …
www.rejournals.com

Hall, senior project director with the John Hardy Group and the project manager for the new Blu location, says that the high–end property might also cause other local hoteliers to offer more frills at their own locations. “I think this hotel will have …

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