Luxury real estate auction draws weak bids

Luxury real estate auction
New York attorney, Mark S. (…)

Significant Sale: New Zealand’s Cliff-Top Mansion to the Models

Auckland, one of the largest and most vibrant metropolitan area in New Zealand, is home to some of the world’s finest luxury homes. Uniquely positioned on a small isthmus of the North Island, Auckland has direct access to two large bodies of wa…

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MGM MIRAGE and New Giza for Real Estate Development Company Announce Agreement to Include MGM Grand Resort at Development Outside Cairo Near Egypt’s Famous Pyramids

MGM MIRAGE (NYSE: MGM) and New Giza for Real Estate Development - an Egyptian company building a luxury, mixed-use community near the base of the famous pyramids - today announced plans to develop the MGM Grand New Giza. (…)

Luxury Hotels are not the only hotel sector feeling the pain

Red Roof defaulted on $361 million loans
Although we often concentrate on the failures in the high end hotels business, such as the recent demise of the W, San Diego, the pain in the hotel sector is not exclusive to the upper echelons. (…)

Massive Fijian resort development site goes up for sale

The partially completed Momi Resort development in Fiji will go up for mortgagee auction on July 22nd
The Fiji National Provident Fund (FNPF) has appointed Bayleys Real Estate to handle the sale of the first stage of the development which encompasses more than 350 residential luxury homes sites, a partially completed nine-hole golf course, golf clubhouse, and hotel complex after the developers were unable to refinance. (…)

Buying a Luxury Home in Today’s Market

If you have recently began searching for a home at the upper end of the market, no doubt you’ve noticed how tight financing is currently.  The days of 10% down on a million dollar home are far, far behind us. (…)

Blackstone Real Estate Fund Closes on €3.1 Billion

The Blackstone Group (NYSE:BX) today announces the final closing of its latest real estate fund, Blackstone Real Estate Partners Europe III (“BREP Europe III”). (…)

Troon Golf selected to manage The Bridges Golf & Country Club

Troon Golf, the leader in upscale golf course management, development and marketing is pleased to announce it has been selected to manage The Bridges Golf & Country Club. (…)

Moscow’s most expensive rental

How about the most expensive apartment in Moscow? $50,ooo per month will rent you a 21 room luxury apartment in downtown Moscow close to the Arbatskaya metro station. (…)

China’s Real Estate Boom is Back

According to The China Daily, “Real estate sales up, prices soar,” in China’s real estate market. (…)

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