Luxury Real Estate News 01/27

Obviously the big news this week is the biggest foreclosure in history – the $5 billion collapse of the Stuyvesant Town and Peter Cooper village developments from rent-controlled, war-vet apartments into luxury condos. The investors in the deal are slowly coming to light and the New York Times has some of them listed here: In […]

Luxury homes for sale in Las Vegas

MGM Mirage directors sued

Ouch! The president of the “Luxury Homes Group,” a Las Vegas- based luxury real estate company has just listed his 6,600+ sqft home for sale on Innisbrook Avenue for $1.299 million. Mr Morco Kozlowski paid $2.3 million for the property back in 2006, and the property was foreclosed upon in March for $1,45 million, which […]

Donald Trump Files Lawsuit Against Baja Developer Wiltshire

32 million dollar hole

Donald Trump is heading back to court once again as he has just filed suit against Los Angeles developer  Irongate Wiltshire for failing to build the much-publicized Trump Ocean Resort Baja Mexico. We recently pointed out that it is unlikely the Trump Empire will get much done this year as it seems Mr. Trump will […]

Trump Entertainment Files Chapter 11

trump-broke-again

I didn’t realize just how prophetic I was being when I suggested that Donald Trump will have a fruitless 2009 as he looked like spending the year in front of a judge defending one court case or another. Trump Entertainment Resorts Inc, Donald Trump’s casino group, filed for Chapter 11 bankruptcy protection on Tuesday, court […]

Donald Trump’s Plans for Scottish Golf Development in Doubt

Who is getting fired next year?

It seems as though Donald Trump’s heavily disputed golf development in the Scottish wilderness may now be in some doubt. Despite claims from the Trump camp that financing is not an issue, problems in several other areas of Mr. Trump’s business interests may have an effect. Trump was finally given permission to build what he […]

Donald Trump Gets Permission for Golf Development in Scotland

Golf or Wildlife?

Much to the disappointment of local environmental groups , the Scottish government has finally given Donald Trump permission to build what he describes as “The greatest golf course in the world,” in a remote part of Aberdeenshire, along with 1500 homes. Originally rejected by Aberdeenshire Council, the Scottish government decided to over-rule the local council’s […]

Luxury Real Estate News Roundup

1927 villa for sale, Bucharest, Romania

Luxury real estate news from around the world. Ups, downs, new developments and disasters abound. The Wall Street Journal reports on a new luxury development in downtown Houston. The WaterLights District. The WaterLights District will include a careful planned array of office, hotels, restaurants, boutique retail, and residential structures amid a park setting along the […]

Trump has competition for McMahon’s house

Ann Brenoff has posted on the LA Times blog that the Donald Trump-Ed McMahon deal may not go through, as The Donald now has competition to buy the place. The listing agent reports that an anonymous second buyer has shown up. Interesting. We thought the listing agent went to New York to ask Trump to […]

Luxury Real Estate in India – Donald Trump Junior Shows Faith

Donald Trump Jr.

Late last November, Donald Trump Jr. – the son of the brash American real estate tycoon and reality-TV star – appeared at the high-profile Cityscape India 2007 real estate conference in Mumbai to give a speech on the subcontinent’s booming property market. Trump, the executive vice president of development and acquisitions at New York-based Trump […]

Donald Trump to buy McMahon home

Well what do you know? It looks like Donald Trump has stepped up to rescue Ed McMahon from foreclosure. And none too soon, it appears. We saw in the LA Times today that Trump has agreed to buy the McMahon home, and he’ll allow McMahon and his wife to continue to live there. As we […]