News about properties and real estate
Construction cranes will remain a part of the downtown landscape well into next year as one of the biggest residential building booms in this city’s history keeps going strong. Developers say their bet on St. Petersburg as an ideal spot for urban dwellers is paying off. Four apartment buildings have begun opening in the past …
Continue reading “Residential building boom going strong in downtown St. Petersburg”
Condominium developers in downtown Chicago have thought small since the bust, but the builders behind the planned 88-story riverside tower designed by Jeanne Gang are thinking big—really big. With 390 condos, the $900 million high-rise in the Lakeshore East development would be the largest downtown for-sale residential project in seven years. The building would also …
Continue reading “Jeanne Gang Chicago tower would be biggest downtown condo project since 2007”
Growth in million-dollar home sales is slowing in areas including Miami, Las Vegas and Los Angeles, as rising prices and the strengthening U.S. dollar discourage foreign investors who helped lead the recovery. In seven investor-heavy markets – the Los Angeles, Riverside and Ventura areas of Southern California; Las Vegas; and Florida’s Fort Lauderdale, Miami and …
Though we sometimes forget in our seven by seven microcosm, San Francisco is not the only city with prohibitively expensive housing. In fact, according to Bloomberg, 20% of all U.S. housing markets are “now less affordable than their historic average as price gains outpace income growth from New York to San Francisco.” The most unaffordable …
Continue reading “Brooklyn vs. Oakland: once affordable alternatives, less affordable than ever”
Luxury-home prices in 33 major cities around the world—from Los Angeles to Monaco—are up 36% since 2009, according to data from real-estate firm Knight Frank. The taxman has noticed. To bolster public coffers or to curb rampant growth, a number of cities, including Singapore, Hong Kong and San Francisco, have imposed or increased taxes on …
Continue reading “How a Mansion Tax Could Affect Wealthy Neighborhoods”
The art scene in Miami continues to grow at an extraordinary pace, so much so that for many residents living in some of the most high-end buildings in the world, a trip to the museum isn’t always necessary for a daily dose of creativity. Developers are engaging major artists in large-scale collaborations, raising the aesthetic …
Continue reading “How Art and Real Estate Are Coming Together”