Lone Pine Ranch is a three-parcel combination once belonging to the late stock market tycoon Dean Witter. Read More
BY THE NUMBERS
LISTING OF THE DAY
The five-bedroom Manhattan apartment is on the 41st and 42nd floors of the 90-story One57 tower. Read More
Create a first impression with your front yard that’ll really wow your guests. Read More
Developers of Frank Gehry-Designed Condos Move Forward, But With Caution
Developers of what will be Canada’s tallest buildings—reaching as high as 92 stories—say they are confident in demand despite cooling sales. Still, they are realistic about the market. The building itself is spectacularly designed and the location is great, but if we don’t get our presales, we’re not building our condo,“ said Jerry Patava, CEO of the Great Gulf Group, the developer on the project. Condo sales were down 30% in the Toronto area for the first quarter, compared with the year before, according to the local real estate board. On the plus side, average prices rose 9%.
U.S. Rents Rose 2.7% Across 20 Metropolitan Areas
Rents across 20 metropolitan areas in the U.S. saw a 2.7% average increase as of March 2018, according to CoreLogic’s latest Single-Family Rent Index. Rents for luxury properties rose 2.3% in March, compared to 1.8% the previous year, the report found. And the biggest year-over-year rent increases were seen in Las Vegas (5.5%), Phoenix (5.4%) and Orlando (5.2%). Honolulu was the only metro area that saw a dip in rents, with a 0.4% decline.
City Living May Be the Secret to Happiness
Busyness is a key to contentment, according to Dr. Jeanette Bicknell, who works at Toronto’s York University. To that end, living in a fast-paced environment where there’s plenty to do has been linked to higher levels of happiness. "In U.S. studies, the happiest people reported that they were busy, in the sense that they had little excess time, yet did not feel rushed. Like big-city dwellers, they seemed to thrive at a faster pace,” Bicknell wrote on her science blog Nautilus.
Hong Kong Businessman Revealed as Buyer of HK$6 Million Parking Space
The head of a finance company in Hong Kong bought a HK$6 million (US$760,000) parking spot at the Ultima luxury residential development in Ho Man Tin, according to data released by the Land Registry on Wednesday. Jack Chan Siu-kit, the chairman of the board and executive director of Pan Pacific Financial Holdings, bought the the space earlier this month. And another similarly priced spot just hit the market: a parking space at the Arch at Kowloon Station is currently available for HK$6 million.
AROUND NEWS CORP
Luxury Lairs Where Superheroes Feel at Home [The Wall Street Journal]
Existing-Home Sales Sink as Tight Supply Smothers Market [MarketWatch]
Ryan Murphy Lists Dazzling Laguna Beach Home for $18.75M [New York Post]
Capture That Vacation Vibe: Sell Your Home by Stealing These 8 Hotel Design Secrets [realtor.com]