Dr. Rick C. Ernst
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High End Real Estate

Home sales end summer on a high point in Northeast Ohio, nationwide
www.cleveland.com

Ohio real estate groups report average prices instead of medians. The statewide average sale price was $149,963 in August, up 3.4 percent from a year before. The average house price in Northeast Ohio was $150,153, up 8 percent annually, according to …

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WHO'S NEWS: Beverly Hills broker joins Elliman; Sid Whelan heads to CORE
www.rew-online.com

Douglas Elliman Real Estate announced that luxury specialist Ruben Perez has joined the company's Sroka Worldwide Team, a global entity specializing in high–end international commercial and residential real estate. RUBEN PEREZ. Perez has worked in …

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DAMAC Properties Launches $367M Luxury Hotel Living Project in Downtown …
www.multihousingnews.com

“As prices continue to rise in Dubai, it is a great time for investors looking for healthy returns – luxury serviced living is proving time and again to be the driving force of the real estate market. Fully-finished and serviced hotel apartment units …

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Home Sales Climb as Americans Rush to Lock in Rates: Economy
www.bloomberg.com

Lawrence Yun, chief economist at the Realtors group, said the surge in sales in August was probably the “last hurrah” for the next year to 18 months as higher prices and the increase in mortgage rates hurts affordability for some buyers. Activity at …

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1100 Sacramento in Nob Hill is San Francisco's First $100M TIC
sf.curbed.com

San Francisco's real estate boundaries are about to be shattered by the Park Lane building at 1100 Sacramento Street. The 33 units in the Nob Hill luxury tower are being converted from rentals into a tenancy-in-common project, and the projected sell …

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Bermuda's Search for New Wealth
online.wsj.com

Beyond the need for celebrity chef restaurants and Prada boutiques, once-popular high–end resorts are discovering that it also takes a special cocktail of tax policies, real–estate laws and a host of business-friendly steps to reel in the big fish …

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Europe shares hit 5-year high as Fed sticks to stimulus
www.reuters.com

Cyclicals and real estate shares led the rally, with global miner Anglo American up 3.7 percent and Unibail-Rodamco , Europe's biggest property group, up 4.8 percent. Gold miners also rallied, tracking a sharp rise in the precious metal as the U.S …

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Elite launches city hotel collection
www.traveldailymedia.com

… becomes the latest Elite brand, following Elite Resorts, which offers more than 80 luxury resorts worldwide, Elite Luxury Alliance, which includes travel experiences and destinations, and Elite Living, a collection of residences, villas and high …

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Breathing Room for Emerging Markets Watching Money Flee
www.nytimes.com

On Thursday, currencies in Thailand, Indonesia, the Philippines and Malaysia, which have fallen sharply in recent months, headed higher, with the Indonesian rupiah gaining about 1.5 percent against the dollar by late morning in Asia. The economic …

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