Luxury real estate in Australia hit by lack of buyers

Palazzo Versace Lobby

Sunland Group, a  luxury property developer in Australia, has slashed its profit outlook, reversing an upbeat outlook issued by the developer about a month ago. Sunland, which is behind the Palazzo Versace hotel and the world’s tallest apartment building, Q1, both on the Gold Coast, cut its net profit guidance by 32% — down from […]

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 […]

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 […]

Ed McMahon drops home price again

Ed McMahon is still desperately trying to sell his Beverly Hills home. In fact, he just recently dropped his asking price by $1,900,000. That’s a big reduction by anyone’s standards. As we previously mentioned, McMahon is trying to avoid foreclosure by Countrywide. In June, it was reported that McMahon was $644,000 in arrears. And since […]

Cher wants to sell her Malibu mansion


Cher no longer wants to be Malibu Barbie. She’s putting her (approximately) 14,000-square-foot mansion (Mr. Big Time lists it as just over 13,000 sq. ft., as does Real Estalker) up for sale. To the tune of $45,000,000. That’s just crazy talk! But, it’s true, and listed with Hilton & Hyland. The Wall Street Journal wrote […]

Natalie Portman is leaving West Village


While we were reviewing Bob Costas’ recent sale, we also saw the Observer report that Natalie Portman is selling her West Village apartment for $6.65 million. (Mr. Big Time mentions it, too.) The floor plan of Portman’s 2 (or 3) bedroom, 3 bath abode shows a balcony off of the great room, a dining room […]

Bob Costas sells Time Warner Center condo


When Bob Costas bought his condo at 15 Central Park West, speculation abounded about whether or not he’d sell his 61st-floor Time Warner Center condo. Well, we can wonder no more, as the NY Observer reports that Costas and his wife have indeed sold the 1,819-square-foot Time Warner condo for $8.5 million. They bought the […]

Jessica Lange and Sam Shepard aren’t feeling Minnesota

Acclaimed actors Jessica Lange and Sam Shepard are selling their former home in Stillwater, Minnesota. The 1892 Victorian home sits on 2.5 acres, and is listed at $1,950,000. Lange and Shepard bought the home in 1994 for $415,000, according to Minnesota’s Star Tribune. It used to be a bed and breakfast, and the couple has […]

Kiefer Sutherland lists his Los Angeles warehouse residence

Kiefer Sutherland, son of noted actor Donald Sutherland but certainly quite famous in his own right, just recently listed his warehouse, which is a combined living and commercial building. It has a 6,000-square-foot loft and a recording studio. The price? A cool $4,895,000. Sutherland has owned this Silver Lake residence for about 6 years. Mr. […]

Gisele re-lists West Village penthouse

Gisele Bundchen, fancypants supermodel, has re-listed her Manhattan penthouse, asking $5.9 million for the ~1,700-square-foot apartment. It was previously listed at $10.9 million in Fall 2007. That’s quite a drop in her asking price. Ms. Bundchen originally paid around $3 million for the unit, according to the WSJ, and this is not the first time […]