Luxury condominium tower in San Francisco Sells Out

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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

stamford

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 […]

Luxury Real Estate in Manhattan – Tough times call for tough marketing

Highpoint Condos on 250 East 40th Street, NYC

I came across an interesting luxury real estate marketing technique recently. Live, webcam walkthroughs. Max Ribitzky of HQ Marketing Partners, a luxury real estate brokerage in Manhattan has taken the walkthrough digital. Faced with a buyer in London and an apartment for sale in Manhattan, Mr Ribitzky, armed with a laptop and a High-definition video […]

SC Global Developments

SC Global Developments is a luxury real estate developer based in Singapore that deals almost exclusively in high –end residential properties. Perhaps their most well-known development is The Marq, a luxury condominium development on Paterson Hill. The Marq was marqueted (sic) in an unusual, “invitation only,” preview and set a new record for luxury condominiums […]

Mitsui Fudosan Group Ltd

Mitsui Fudosan is a well-established Luxury real estate developer based in Tokyo, Japan, originally established in 1673 with the opening of the Echigo-ya clothing store in Nihonbashi by Takatoshi Mitsui, founder of the House of Mitsui. The Mitsui Company real estate section was founded in 1914 and became a separate entity in 1941 as the […]