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Estate of the Day: Loft 25 - Chelsea
2007-01-05 04:25:01
This classic former industrial loft building has been converted into 60 true lofts, 4 garden duplexes, and 3 penthouses. Lofts range from studios to three-bedrooms. Some feature a terrace, some a home office. A newly constructed addition featuring a striking contemporary glass façade contains 12 additional smart one-bedroom homes, some with second floor and terrace. Amenities include: 24-hour doorman, modern leek lobby with recessed double-height lounge, communal rear garden courtyard with reflecting pool, screening/conference room, fully equipped gym, landscaped roof deck with river views, sunning and entertaining facilities. Home at Loft 25 embraces the idea of community. Optimally sited within a diverse urban fabric containing some of the city?s best restaurants, clubs, and galleries, Loft 25 is located in the heart of the scene. At Loft 25, high ceiling and generous open floor plans combine to create truly voluminous space. Good bones and large windows are the raw material...
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Ten Decadent Dishes
2007-01-04 16:24:03
New York Magazine’s food critic Adam Platt has put together a list of the ten most decadent food dishes available at some of New York’s finest eateries, and they have our mouths watering. Some of our favorites? Chicken Kiev With Foie Gras Sauce at Picholine: The lavish sauce is released when the waiter pricks this noble dish with a silver sword. The Chocolate Dessert Tasting at Del Posto: Black chocolate presented in its unadulterated state, like uncut cocaine, and washed down with designer rums. Iranian Special Reserve Caviar With Buckwheat Blini at The Russian Tea Room: A decadence classic ($300 for 30 grams), served amid the buffed- gold samovars, in the grand room, on the back of a silver sturgeon. If you have had the pleasure of trying any of these dishes, be sure to leave us a note. We would love to hear if they are as… rich… as they sound. More (New York Magazine)
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Ritz Carlton Palm Beach Set To Reopen
2006-12-30 16:20:04
The Ritz Carl ton Palm Beach at Manalapan closed their doors six months ago to get a face-lift. The renovation cost the illustrious hotel $45 million, and took more than two months longer than originally expected. But the results are spectacular, including a new 3000 square foot ocean terrace, which was accomplished by taking off the back half of the building and opening it up for ocean front access. The hotel has made a number of other changes to make this resort one of the best in the area. The Palm Beach Post reports: In addition to your bed being turned down at night, the hotel also will be “turned down” in the evening. That means come sundown, comfy pillows and throws will appear in the lobby, and fires will be lit. The Ritz is also working to develop a faint custom scent that Poorman promises will be almost undetectable but “very natural.” In keeping with the “beachier” theme at the resort, The Ritz has done away with formal dining. In...
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Oceanfast Megayacht For Sale
2006-12-21 22:12:02
Sea Bowld, a 174-foot Ocean fast yacht, was launched in June, 2004, and spent last winter taking in some sun in the Caribbean. Designed by Sam Sorgiovanni, the yacht can accomodate 10, and cruises at a comfortable 26 knots. The pricetag has been set at $36.9 million. More (Luxist)
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Trump Park Avenue?s 20-Room Penthouse On Market for $42 Mill
2006-12-21 22:12:02
Trump Park Avenue, located at 502 Park, has just received the go-ahead to expand the 20-room duplex penthouse condo to about 10,000 square feet. Prior to the expansion, the penthouse was up for $30 million. The condo has never been lived in before, and offers five bedrooms, seven baths, 17-foot ceilings, 40 oversized arched windows and two of the biggest terraces in New York. Brown Harris Stevens broker Kathy Sloane has the listing. More (NY Post)
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Estate of the Day: Ocean Lane Direct Oceanfront
2006-12-21 10:11:01
This unique Europea- style oceanfront estate is situated high on the dune 4 miles north of the Village of Vero Beach. All of the main living areas including the master suite have spectacular vistas of the Atlantic Ocean . As you approach the home through a private courtyard, the entry wall and gate east of A1A serves as an elegant introduction to the superb residence. This impressive floor plan masterfully integrates the beauty of the sea and sand with the pleasures of an elegant yet casual lifestyle. The first floor offers formal and informal areas for entertaining family and friends, and a guest suite and library. The second floor master suite features his and hers separate baths, an oceanfront balcony and master sitting area. There are 3 additional private guest suites. There are 2-2car garages with a carriage house for guests, home office or an art studio overlooking the ocean. The owners will enjoy large lanais with a summer kitchen, outdoor fireplace and a vanishing edge pool...
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No Bubble Burst In New York
2006-12-21 10:11:01
While thoughts around the country have been of a slow real estate market, this is just not true in Manhattan. Sales in this market may have dipped during the first quarter and second quarter, but in the third quarter, sales were up nearly six percent between 2005 and 2006. The Observer reports: In 2005, 7,780 apartments were sold in Manhattan. In the first nine months of 2006, 6,052 were sold, putting this year on pace to surpass 2005. Prices were up too, with the first quarter 2006 average reaching $1,300,928. More (New York Observer)
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Rumors Are Flying About Time Warner Hotel
2006-12-20 10:10:02
No official word has been handed down as of yet, but the New York rumor mill is grinding away: Industry sources have said that Isithmas, an investment holding company owned by the government of Dubai, has purchased the Mandarin Oriental Hotel in Columbus Circle for a record-breaking price. The previous record was also set by Isithmas during the recent purchased of the W Union Square Hotel for $235 million, which was more than $1 million per room. One source said that the group may pay as much as $2 million per room in the 251-room Mandarin Time Warner. We will keep you updated as info comes our way. More (The Real Deal)
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Estate of the Day: Oceanfront Golden Beach Florida
2006-12-20 10:10:02
This irreplaceable Ocean front masterpiece epitomizes the intersection of sea & sky. A magical state-of-the-art paradise on 3/4 of an acre, directly on the Atlantic Ocean,featuring the finest finishes and fulfilling a homeowner’s dream of luxury and the very latest in modern conveniences. This artistically stunning home offers 7 bedrooms, a unique office, a sculptured koi pond, an exceptional pool area, motor court & 4 car garage. It is totally gated for privacy. One enters the home through an extraordinary stainless steel door, leading to a courtyard area, reminiscent if a tripical oasis, cmplete with koi pond and waterfall. The two separate guest quarters are adjacent & totally private from the main house. A glass door opens up to this elegant haven featuring white Thassos marble floors, and unrivaled views through all glass walls of the sparkling Atlantic Ocean.This structural marvel is customized to absolute perfection with an incredible wide open floor plan.T...
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Rockefeller?s Grandson Sells Apartment for $7.4 Million
2006-12-20 10:10:02
Peter Rock efeller–grandson of the legendary John Rockefeller–and his wife Allison Whipple just sold their 11.5 room apartment at 131 East 69th Street for $7,400,000. (See floor plan above). Brown Harris Stevens had the listing, which said the apartment was renovated by designer Peter Pennoyer, and includes a 30 foot entrance gallery, and a state of the art kitchen.
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Estate of the Day: Eothen: The Most Spectacular Oceanfront E
2006-12-20 10:10:02
Long considered the most spectacular and beautiful oceanfront estate on the eastern seaboard of the United State s, Eothen is unrivaled in the magnificence of its ocean views, the uniqueness of its situation in the Montauk moorlands and the superb architectural design of its five houses, three-car garage, and stable. Situated on 5.6 acres with +/- 600-ft. of oceanfront, it is surrounded by hundreds of acres of protected wetlands. Besides the breathtaking beauty of its surroundings, what is perhaps totally unique about the estate is that the large main house sits on an enormous glacial deposit of boulders left by a melting glacier from the ice age, allowing the house a closer and safer proximity to the edge of the Atlantic Ocean than all other oceanfront houses on Long Island, which are set back far from the water on beaches and cliffs. Through almost every window in every room of all the houses ocean views are constant. WEB ID #50610. $40,000,000 Contact Linda Stein at 212.650.4...
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Brittney Spears Picks LA over Miami to Buy $7.7 Million Mans
2006-12-16 16:06:02
Britney Spears has bought a home closer to the night clubs that she?s been frequenting as of late. She bought a mansion in Beverly Hills for $7.2 million. The six bedroom, six-and-a-half bathroom home is 7,400 square feet and is located in a gated community on Summit Circle, just off Coldwater Canyon. Britney will move in right away. Britney Spears has bought a new home closer to the night clubs that she?s been frequenting as of late. She bought a Mediterranean villa near Mulholland Drive in Beverly Hills listed at a whopping $7.2 million. “Britney looked at it on Thursday, Dec. 7,” a source tells Star. “She brought like seven or eight people. They were her bodyguards and a few male dancer friends. She stayed for five hours and said she wanted the house immediately. She then got ready in one of the bedrooms at the house for her night out on the town. She took forever to do her hair and makeup. It was such a scene! She came off as very high maintenance. Nice, ...
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Estate of the Day: Apogee: The Most Luxurious Residence in
2006-12-16 16:06:02
Apogee: The Most Luxurious Residence in South Beach. This unit offers 3 bedrooms / 3.5 baths with approx. 3149 sq. ft. The ceilings are 10 ft. high, and the balconies are 11 ft. deep with outdoor gas cooking. The kitchen is state of the art with gas appliances, wine cooler, and multiple ovens with the finest of finishes. This unit has flow through views of Fisher Island, ocean and South Beach. The finishes are “classic” developer package. The unit also offers an enclosed private 2-car garage. The building offers concierge, infinity pool area and more. Owner very motivated, investors please bring reasonable offers. $5.5 Million Contact Jeanne Mockridge at 305.606.1855 or info@jeannesold.com. Or visit www.jeannesold.com
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One Park Ave to Claim $550 Million
2006-12-15 22:05:01
One Park Avenue, an office building with a coveted address, is in contract to be purchased for a cool $550 million. The 18-story building, which currently houses publications such as Star and The National Enquirer, is set to be purchased by Murray Hill Properties for about $585 per square foot. More (The Real Deal)
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Estate of the Day: 595 West End Avenue
2006-12-15 22:05:01
This apartment is offered in “as is” condition, four seperate apartments that have the possibility to be combined to create one fabulous home. At 89th Street snuggled peacefully next to Riverside Park- This pre-war gem offers world chic within the heart and soul of the upper West side. An address with style, a design with vision and a community with heart. Designed by acclaimed designer Sean Johnson, these residences are being reinterpreted to preserve its old world style and classic elegance. Apartments feature dark walnut stained oak hard wood flooring. New fixtures throughout. Granite kitchens come complete with stainless GE Profile appliances. New marble baths with Chrome fixtures, 12 x 12 Bianca Carrerra floors, and mosaic tile back-splash, Zuma soaking tub. Washer/dryer in every unit. There will be individual storage bins (price to be determined by sponsor), bike racks and separate space for gym & playroom to be designed by board. All floorthrus are a 14 room...
More About: Estate , State , West End , Avenue

Aston Martin Opens First Store in Russia
2006-12-15 04:03:01
Elite car dealer Aston Mart in opened their first showroom in Moscow on Vozdvizhenka Street. The dealership, Aston Martin Moscow, is operated by A.G. Marine, whose specialty is yacht sales. Aston Martin has 125 dealerships worldwide, with deals to open in China next year. More (Sybarites)
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Estate of the Day: Grand Mediterranean Estate on Pinetree Dr
2006-12-15 04:03:01
Exquisitely restored to its original splendor with hand-painted double volume coffered ceilings, grand marble staircase, formal living and dining areas, media room, billard room with wet bar overlooking pool, gardens and 5 hole putting green, large dock, gourmet kitchen with large family room, library, wine room, private office on third floor, seperate 2/2 guest house, gated drive and walled for privacy. Over 10,000 sq.ft being offered completely furnished. Boat lift and large jet ski lift. $12,000,000 Contact Bonnie Brooks at 305.206.4186 or Ilene Tressler at 305.458.1200. Email info@opendoormiami.com or visit www.opendoormiami.com
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What $1 Million Will Get You
2006-12-15 04:03:01
Forbes Online just published an interersting article, including a slideshow, informing readers what $1 million will get them around the globe. Looking for a place in LA? Plan on a one-bedroom apartment. In New York, you may be able to score a two-bedroom on the Upper East Side. If you are hoping to stretch your dollar a little further, try South Africa, where $1 million will get you a four-bedroom, massive chef’s kitchen and gym. More(Forbes)
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Estate of the Day: Southampton Waterfront on 3.2 acres
2006-12-14 16:02:07
Nearly 3.2 acres of property in this waterfront parcel highlights a 1910 shingle style residence, which boasts generous public rooms and family gathering spaces. There are seven bedrooms on three floors including a master suite with beautiful views. Outdoors there is a large gracious waterside terrace, in ground waterside pool, and Har-Tru tennis court. The pool house/studio is a great bonus with endless possibilities. Best of all there is over 350 feet of tidal waterfront with a boat dock bordering a 32-acre Nature Conservancy Preserve. Adjacent, the separate nearly 2 acre building parcel adds great investment development potential to this offering for future growth, major guest house, or estate expansion which is available for $9,000,000. $16,000,000 Contact Tim Davis at tgdavis@corcoran.com or 631.283.7300 ext 11. Or visit www.corcoran.com
More About: Estate , Water , South , State , Front

TRAILER PARK MILLIONNAIRES
2006-12-14 16:02:07
A trailer park in South Florida may be making all of its residents millionaires, if the residence approve a decision made by the board to sell the oceanfront property for $510 million dollars, coming out to about $1 million per trailer. The sale of Boca Raton’s Briny Breezes would be the county’s largest property deal ever. More (CNN Money)
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WALL STREET BONUSES LEAD TO MARKET BONUSES
2006-12-13 16:02:03
During any good year, Wall Street bonuses boost the New York real estate market for months at a time. With this year’s bonus topping $36 billion (up from 2005’s record bonus of $21.5 million), this year has already led to a boost in the super-luxury market of New York. The ball got rolling on Thanksgiving weekend, when real estate brokers reported a higher-than-usual volume weekend. As Lore Croghan of the NY Daily News reported: Broker Louise Philips Forbes decided to offer something special - and pricey - at 595 West End Ave., a pre-war apartment house that’s being converted into condos. Instead of sharing a floor with other occupants, buyers could have a whole one to themselves - to build out the way they want. It would add $1 million on top of the purchase price. She didn’t advertise the three super-size spaces in the 15-story building at W. 89th St. She just called some other brokers to ask if their clients would be interested. It took only a we...
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GM BUILDING THOUGHT TO BE WORTH $3BILLION
2006-12-13 16:02:03
When Harry Macklowe purchased the GM building in September of 2003 for $1.4 billion, people thought he was downright out of his mind. It looks like Macklowe is having the last laugh. When 666 Fifth Avenue went last week for $1.8 billion, ($1200/sq/ft), people have realized that the gamble on the GM building wasn’t much of a gamble at all. New York’s booming market (who said the bubble was busting?) has led to another whopping price. The 50-story GM building, located in Midtown Manhattan, was built in 1968. Experts say that the building would now be appraised for close to $3 billion. More (NYSun)
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JAY-Z AND BEYONCE TOUR DESIGN MIAMI, SPEND A PRETTY PENNY
2006-12-13 16:02:03
After perusing through the expansive offerings at Desi gn Miami , part of the phenomenal Art Basel, Beyonce and Jay-Z decided to drop some of their dough on a chair from Marcel Wanders, a Dutch designer known for his knitted/crocheted creations. The chair, made of white cotton and coated with epoxy resin, went for the astounding price of $40,000. More (Luxist)

FORBES?S LIST OF REESIDENTIAL REAL ESTATE DEALS NOW ONLINE
2006-12-13 16:02:03
Forbes.com has put together a list of 2006?s residential real estate deals. The average price of the list on the home was $40 million, up more than 10% from 2005?s $36 million average, and more than 55% from the 2003 average. The highest priced properties were in California, Florida and New York, with some banner properties coming in from Colorado. More (Forbes.com)
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RUSSIAN REAL ESTATE MARKET ON FIRE
2006-12-10 16:00:13
Ostozhenka may not have Fifth Avenue’s verve or the swanky pedigree of Knightsbridge in London, but the neighborhood has fast become the crown jewel of the Russian capital’s real estate market. Flats go for as much as $1,350 a square foot, three times as much as the average Russian earns monthly. (More Chicago Tribune)
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FIFTH AVE OFFICE BUILDING SELLS FOR RECORD HIGH PRICE
2006-12-10 16:00:13
Tishman Speyer Properties just sold a 41-story office building at 666 Fifth Avenue to Kushner Companies for a breathtaking $1.8 billion, making this the most expensive single U.S. office building sale ever. Tishman Speyer and TMW bought the 1.5 million-square-foot Fifth Avenue building in 2000 for $518 million. (More CNN Money)
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Trump Wastes No Time
2006-12-07 03:57:03
Trump is already trying to fill his latest piece of work– A condo-hotel in SoHo– with tenants, despite the project barely being more than a hole in the ground. The company has sent out a brochure and letter of interest to prospective buyers. If you are intereted in buying, plan on coughing up 20% down for a project not due to be completed until 2009. More (Curbed.com)
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Estate For Sale with Highest Asking Price in County History
2006-12-06 03:57:02
The ultimate house in Ft Lauderdale has come onto the market with a tremendous $35million asking price– Almost double what any house in the county has ever claimed. Offered by Intercoastal Realty, La Maison Blanche prestigiously translating to The White House was originally built in 1938 and rebuilt in 1989 is located at 1818 SE 10th Street. The property boasts 11 bedrooms, 12 bathrooms and five half-baths. The estate sits on the point of an island with a whopping 817 feet of waterfront, and offers near 360-degree views of the Intracoastal and The Fort Lauderdale skyline. The sellers are Jack and Barbara Hutchings, who bought the property for a mere $2 million in 1986. This property was also featured in the November/December issue of Haute Living Miami. More (The Miami Herald)
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Live In History
2006-12-06 03:57:02
Across the country, people are choosing to live in historical buildings, from the Trump Plaza and Essex House in New York City to Ghirardelli Square in San Francisco. There has been a surge of historical buildings placing high-end luxury residences within their confines, and it has people buying up a storm. MSNBC writes: the buyers get to live in storied and unique spaces. Some, like the Plaza, have long been plush and pampering. Others, such as the Sears Tower in Minneapolis or the former home of the San Francisco Chronicle, are being outfitted with upscale features ? while desirable old details are kept. More (msnbc)
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Art Basel Takes Over Miami Beach
2006-12-06 03:57:02
The fifth annual Art Basel descends upon South Beach this week, making Miami the center of the art world for at least the next week. A plethora of art shows and events taking place all over the Magic City, and this comes at a time when art pieces are claiming some of the highest prices in all history. The Miami Herald reports: In June, Ronald S. Lauder, the cosmetics billionaire, reportedly paid $135 million — believed to be the heftiest sum ever paid for a painting — for Austrian artist Gustav Klimt’s Portrait of Adele Bloch-Bauer I, now the crown jewel at the Neue Galerie in New York, where Lauder is president. But that record sale was broken in October when Mexican financier David Martinez reportedly paid Hollywood entertainment mogul David Geffen $140 million for a Jackson Pollock painting. Names that are expected to fetch big dollars at this week’s art fair? Kooning, Warhol and Jean-Michael Basquiat. (More (The Miami Herald)
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