Luxury Real Estate, Real Estate, US Real Estate

Rupert Murdoch Sells His Mansion, but at 39% Discount

By Allison Halliday | September 28, 2011
After languishing on the property market for four years, Rupert Murdoch's Long Island colonial mansion “Rosehearty,” has finally sold, albeit at a heavily discounted price. The mansion was originally priced at $14.8 million, but sold for $9.1 million. However there is no need to shed any tears on Murdoch's account, as he apparently bought the […]
Luxury Real Estate, Real Estate, US Real Estate

Luxury Real Estate on the Road to Recovery

By Mike Wheatley | September 22, 2011
Luxury home markets are bouncing back, with bidding wars heating up and properties being sold off at increasingly rapid speeds, bucking the trend set by other real estate markets, says a report in the Washington Post. Properties valued at $1 million-plus have seen price increases of 0.7% since the end of February, compared to a 1.5% decrease […]
International, Luxury Real Estate, Real Estate, US Real Estate

Luxury Property Prices in World-Class Cities Boosted by Billionaires

By Allison Halliday | September 22, 2011
A report in Property Wire highlights the fact that world-class cities are attracting global billionaires, who are investing their wealth in real estate, and by doing so are creating a new super class of prime real estate. Apparently, the value of real estate has increased by up to 10% during the first six months of […]
Luxury Real Estate, Real Estate, US Real Estate

Concierge Auctions to Sell Secluded Laurel Road Estate Regardless of Price

By Allison Halliday | September 16, 2011
Concierge Auctions are to sell a secluded estate in New Canaan, Connecticut, in a live, absolute auction on October 20th. The 6.43 acre Laurel Road Estate will sell to the highest bidder regardless of price. The Laurel Road Estate is just one hour away from New York City. Set on a secluded and tranquil estate, […]
Luxury Real Estate, Realtors, US Real Estate

Rihanna Files Lawsuit Against Real Estate Company

By Mike Wheatley | September 14, 2011
Pop star and sex symbol Rihanna has launched a lawsuit against the real estate company which sold her Beverly Hills mansion to her, claiming the property has been left uninhabitable due to a number of serious structural defects. Rihanna accuses the agency, Prudential California Realty, of not disclosing the property’s defects before she agreed to […]
Luxury Real Estate, Real Estate, Residential, US Real Estate

Rather Rent Than Buy? Got $100K Per Month?

By Donna S. Robinson | September 14, 2011
Lately we've seen that renting has been "hot" as the housing market languishes, and more home shoppers are taking more of a "try before you buy" approach to housing. While rental rates are up in many parts of the country, some of them are way up. One case in point is a property in Beverly […]
International, Luxury Real Estate, Real Estate, US Real Estate, World Real Estate

Qatar To Build World’s First “Semi-Submerged” Resort Hotel

By Mike Wheatley | September 1, 2011
Qatar has delightedly announced a hugely ambitious project, to construct an elaborately designed, semi-submerged luxury hotel and resort just off its coastline. Giancarlo Zema Design Group, an Italian architectural firm, has been hired to design and oversee construction of the underwater hotel and resort complex. Tentatively named “Amphibious 1000”, the project cost is estimated to […]

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