LA mansion sells to ‘homeless billionaire’, setting an auction price record
Once home to newspaper magnate William Randolph Hearst and honeymoon destination for JFK, LA’s Beverly House has sold at a bankruptcy auction for a reported $63.1 million.
Global house prices climb at fastest rate since 2005
Knight Frank’s Global House Price index is rising at its fastest rate since Q1 2005. A third of tracked property markets have seen prices escalate by at least 10% in the last year.
A new place to call home: Seven perspectives on global residential property market shifts
“The pandemic has sent shockwaves through residential property markets across the globe,” says Savills, as seven of its most insightful experts share their thoughts on how shifting priorities and lifestyle choices are affecting residential real estate markets around the world.
Ranked: Which countries have seen the highest rates of property price inflation over the last ten years?
New research has looked into how the average property values in OECD nations changed in comparison to annual wages and wider inflation rates over the last decade.
Mandarin Oriental confirms new standalone resi project in Beverly Hills
The luxury hospitality group’s first standalone resi project on the US West Coast, at 9200 Wilshire Boulevard, will be delivering 54 top-end units designed by UK-based studio 1508 London.
‘Hybrid’ MIPIM event sees return of in-person networking
Last week’s two-dayer in Cannes attracted 4,200 delegates from 46 countries
Once pitched at $500m, Bel Air spec ultra-mansion reportedly in receivership
Nile Niami’s 100,000 sq ft private palace project, “The One”, has reportedly gone into receivership.
AUS$100m Sydney penthouse ‘competes with the best homes in the world’
The 9,149 square foot duplex at the One Barangaroo scheme is expected to achieve one of the highest prices ever seen in the Australian market.
Bill Gates takes control at Four Seasons
Saudi Arabian Prince Alwaleed bin Talal has agreed to sell half of his stake in the luxury hospitality group to the Microsoft mogul’s Cascade Investment LLC for $2.21 billion, valuing the global operation at $10 billion.
LeadingRE launches sustainability campaign
“We want to promote the newest and most exciting properties, initiatives, ideas and businesses making a positive difference for one of the world’s most pressing issues,” says Chris Dietz of Leading Real Estate Companies of the World.