Its Official – New York Can Take Your Property

The New York Court of Appeals ruled in favor of the state in the matter of Atlantic Yards and eminent domain questions yesterday, ruling that the state acted within the law in seizing private property on the Atlantic Yards development in Brooklyn. The Atlantic Yards Project has been mired in lawsuits and other issues  – […]

Luxury Real Estate in Bulgaria : Are we there yet?

realestateinbulgaria

Despite another drop in building permits being issued in the third quarter of 2009 – a few luxury housing starts have been announced in Bulgaria.It is all too easy to concentrate on a single market, but the global nature of the financial crisis is something to take into consideration when planning for the future. Q3 […]

Apartment Vacancy Rate Hits 23 Year High

Apartment Vacancy Rate Reaches 23 year high

The apartment vacancy rate in the US reached a 23-year high this quarter with a vacancy rate of 7.8%, which does not bode well for the commercial sector. Prices are still falling, both for sales and rentals, and the ongoing glut sees no end in sight, with more than 100,000 coming on the market this […]

Luxury Condominium Auctions 24 Units in New Mexico

Kennedy Wilson Auction Group, a division of the international real estate services and investment firm Kennedy Wilson, will be conducting a close out auction of 24 new casita-style condominiums located at Zocalo, Santa Fe, NM on Sunday October 4, 2009. The auction will be held at The Bishop’s Lodge Resort & Spa, in Santa Fe, […]

Luxury Condominiums What Price a bargain?

Luxury Penthouse on Park Avenue

The luxury condominium market is certainly taking a beating at the moment. If there is a segment that was most over-built during the boom years, this is it. The slow build time on larger multi-unit developments means there is still a lot of unfinished stock entering the market. When one takes into account the existing […]