Luxury condominium tower in San Francisco Sells Out


Tishman Speyer Properties (of recent Stuyvesant Town Infamy)  has sold out a luxury condominium tower in San Francisco. According to Reuters – this is a sign of pent-up demand in that city’s housing high-end market, especially among first-time home buyers. The Infinity San Francisco development has fully closed out its 237-unit Tower I, while its […]

Luxury Condominium Development in New Zealand – Penthouse Reduced in Price by Over 30 Percent


The Stamford Residences in Albert St, a NZ$100 million luxury condominium development above Auckland’s Stamford Plaza has managed to sell only 2 units from 149 available. An administration worker in the office of the Stamford Residences confirmed that only two sales had been completed and the owners had moved in. Back on November, Stamford Property […]

Creative accounting keeps Luxury Property Developer Candy & Candy out of Iceland’s troubles

The Candy Brothers

Ultra-luxury real estate developers, Candy & Candy were sucked into what could have been a disastrous situation recently when one of their partners in two large scale projects, Icelandic bank Kaupthing, was nationalized by the Icelandic government this month. Candy & Candy have apparently come to a deal whereby they have relinquished interest in NoHo […]

Luxury Real Estate News – Luxury Condo Development in Houston Cancelled – Goldman Sachs Ordered to Justify Bonus Payments – London Luxury Property Prices Down 12% From 2007 – Colorado Luxury Property Auction a “Success”

Turnberry Towers in Houston

Turnberry Tower, a 34 storey luxury condominium development in Houston has been canceled. Turnberry’s $3 million sales office was closed on Monday. The Tower had originally been planned to offer limousine services, maid suites and two, 15,000 sqft homes. Relatively speaking, one would have expected an oil-based economy such as Houston’s to be withstanding the […]

Luxury Real Estate in India – BSR Engineering pulls out of major luxury residential development

One Las Vegas

Problems in the US real estate market are causing projects as far abroad as India to be halted BSR Engineering and Development Ltd, a major player in the world-wide luxury development market, is suspending all real estate activity in India until further notice. The company notified the TASE (Tel Aviv Stock exchange where they are […]