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High End Real Estate

Lightning owner buys $4M Sarasota home and tears it down
www.heraldtribune.com

The demolition left some other real estate experts scratching their heads as well. “It certainly sold for a lot more than what the land is worth,” said real estate appraiser Don Saba, who specializes in high–end properties. “Maybe double what the land …

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Less Tapering Becomes Tightening Credit No Matter What Fed Says
www.bloomberg.com

Purchases of new U.S. homes plunged 13.4 percent in July, the most in more than three years, raising concern higher mortgage rates will slow the real–estate rebound. Mortgage applications have fallen in 15 of the last 18 weeks, reaching the lowest …

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Millennials are not big homebuyers near term
www.usatoday.com

To some extent, real estate developers anticipated this trend, and started offering rental units in locations attracting young professionals to meet demand, often equipped with high–end amenities such as roof-top pools, gyms, brand-new kitchen …

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83 condos planned for former Herald property
www.bostonglobe.com

With luxury home prices surging in Boston, the firm that is redeveloping the former Boston Herald site will include condominiums on the South End property, marking a shift in a real estate market that for several years has been dominated by rental unit …

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Private equity firm KKR to invest in mainland China property market
www.scmp.com

It is also keen on property deals, and some of its long-time competitors, including two US firms, Carlyle and Blackstone, have snapped up property on the mainland recently – high–end  commercial real estate in Shanghai, in the case of those two firms.

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NWA residential real estate sales sizzle
www.thecitywire.com

The sky is no longer falling and conversations around the water cooler are happening about higher property values, which builds consumer confidence,” said Austin Bivens, agent with ReMax Partners in Springdale. Median sales prices rose 3.2% in August …

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South Mumbai experiences drop in luxury property purchases
www.property-report.com

The number of luxury property purchases in Mumbai's southern district, known locally as SoBo, accounted for only 10 percent of total real estate transactions in the last 12 months, according to the city's real estate agents. Sales of new high–end …

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Once an $18000 Home on a Decaying Street, Now a $5 Million Gem
www.nytimes.com

For nearly 15 years, it has been a luxury rental property, bringing the Houltons' grown daughters about $14,000 a month in recent years. And now it is a house for sale, with exceptional original detail, a manicured garden and an asking price of nearly …

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Abe Lee, Shirokiya form Hawaii real estate firm to target Asian buyers
www.bizjournals.com

Abe Lee's iProperties Hawaii has merged with Japanese retailer Shirokiya Inc. to form Shirokiya Residential Estates LLC, a company that targets Asian buyers looking to purchase high–end residential properties on Oahu, including luxury condominiums in …

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