Global prime real estate market shows emerging strength: Knight Frank

Prime real estate property prices are proving resilient to the coronavirus pandemic, particularly in Asia and the Pacific, thanks to a surge in demand from homeowners reassessing where they want to live.

from Real estate – Luxury Daily https://www.luxurydaily.com/prime-real-estate-prices-show-tepid-strength-despite-pandemic-knight-frank/

Sotheby’s achieves nearly $90B in sales through first three quarters of 2020

Sotheby’s International Realty has announced that its affiliated brokers and sales professionals reached nearly $90 billion in U.S. sales volume during the first nine months of 2020, finding success by leveraging technology during the pandemic.

from Real estate – Luxury Daily https://www.luxurydaily.com/sothebys-achieves-nearly-90b-in-sales-through-first-three-quarters-of-2020/

Sotheby’s International Realty expands its presence in Germany

Sotheby’s International Realty has announced Schürrer & Fleischer Immobilien as the newest member of its global network and will now operate as Baden-Württemberg Sotheby's International Realty, marking the brand’s 15th office in Germany.

from Real estate – Luxury Daily https://www.luxurydaily.com/sothebys-international-realty-expands-its-presence-in-germany/

Nourmand & Associates’ Rochelle Maize: Luxury Woman to Watch 2021

Meet Rochelle Maize, executive director – luxury estates at Nourmand & Associates, Beverly Hills, CA. She is on Luxury Daily's prestigious Luxury Women to Watch 2021 honor roll.

from Real estate – Luxury Daily https://www.luxurydaily.com/nourmand-associates-rochelle-maize-luxury-woman-to-watch-2021/

Aston Martin and Sir David Adjaye collaborate to design limited-edition homes

British car manufacturer Aston Martin has teamed up with renowned Ghanaian-British architect Sir David Adjaye to create five luxury homes in a New York City luxury high-rise tower, 130 William.

from Real estate – Luxury Daily https://www.luxurydaily.com/aston-martin-and-sir-david-adjaye-collaborate-to-design-limited-edition-homes/

Berkshire Hathaway HomeServices GA Properties’ Lori Lane: Luxury Woman to Watch 2021

Meet Lori Lane, senior vice president for new homes division – City Haus, luxury division at Berkshire Hathaway HomeServices GA Properties, Atlanta. She is on Luxury Daily's prestigious Luxury Women to Watch 2021 honor roll.

from Real estate – Luxury Daily https://www.luxurydaily.com/berkshire-hathaway-homeservices-ga-properties-lori-lane-luxury-woman-to-watch-2021/

Whitehall Interiors’ Sara Ianniciello: Luxury Woman to Watch 2021

Meet Sara Ianniciello, director of design at Whitehall Interiors, New York. She is on Luxury Daily's prestigious Luxury Women to Watch 2021 honor roll.

from Real estate – Luxury Daily https://www.luxurydaily.com/whitehall-interiors-sara-ianniciello-luxury-woman-to-watch-2021/

Property prices hold steady in ski resorts amid pandemic: Knight Frank

The pandemic is encouraging skiers to seek refuge, where demand for property remains robust and the prices of mountain homes have climbed slightly, according to Knight Frank’s 2020 Ski Property Index.

from Real estate – Luxury Daily https://www.luxurydaily.com/property-prices-hold-steady-in-ski-resorts-amid-pandemic-knight-frank/

Millionaires are fueling the luxury property market in new ways: Coldwell Banker

The panic and disruptions triggered by the pandemic are encouraging millionaires to change the way they spend money and throw more of it at new homes as they take advantage of rock-bottom interest rates.

from Real estate – Luxury Daily https://www.luxurydaily.com/millionaires-are-fueling-the-luxury-property-market-in-new-ways-coldwell-banker-report/

French buyers dominating prime London real estate: Knight Frank

Chinese real estate investors are no longer dominating the prime central London market, according to new research from Knight Frank.

from Real estate – Luxury Daily https://www.luxurydaily.com/french-buyers-dominating-prime-london-real-estate-knight-frank/

Sales of luxurious homes in US surge amid pandemic: Redfin

Sales of the most expensive homes in the United States are far outpacing sales of medium-priced ones, as the pandemic has less of an impact on the very wealthy.

from Real estate – Luxury Daily https://www.luxurydaily.com/sales-of-luxurious-homes-in-u-s-surge-amid-pandemic-report/

Real estate trends do not spell the end of cities after lockdowns: Knight Frank

NEW YORK – The death of city centers has been greatly exaggerated, though urbanities will have to adapt after the coronavirus pandemic has upended lifestyles.

from Real estate – Luxury Daily https://www.luxurydaily.com/real-estate-trends-dont-spell-the-end-of-cities-after-lockdowns-knight-frank/

British automaker Aston Martin undertakes first residential design project

Aston Martin has partnered with an architecture and building development firm in the United States to design its first residential property as the British automaker takes its aesthetic beyond the automotive field.

from Real estate – Luxury Daily https://www.luxurydaily.com/british-automaker-aston-martin-undertakes-first-residential-design-project/

Competitive market and changing buyer demands shrinks housing supply

The coronavirus pandemic has impacted the near-term supply and long-term design of homes around the world as luxury homebuyers and developers adapt to changing lifestyles and economic realities.

from Real estate – Luxury Daily https://www.luxurydaily.com/housing-supply-shrinks-amid-competitive-market-and-changing-buyer-demands/

Pandemic affects near-term supply and long-term design of housing worldwide

Per a survey conducted by Knight Frank amongst 160 global developers across 22 nations, almost six in 10 global developers have delayed projects due to the pandemic since it disrupted supply chains and prompted a wholesale rethink of how and where consumers want to live.

from Real estate – Luxury Daily https://www.luxurydaily.com/pandemic-affects-near-term-supply-and-long-term-design-of-housing-worldwide/

Knight Frank, adapting to new normal, enters property auction business after successful trial in July

Knight Frank, a global property consultant and broker, formally launched its auction business after a successful pilot sale this past July.

from Real estate – Luxury Daily https://www.luxurydaily.com/knight-frank-adapting-to-new-normal-enters-property-auction-business-after-successful-trial-in-july/

In conversation with Hong Kong property and hotel mogul Adrian Cheng

Adrian Cheng is the scion of a well-regarded family in Hong Kong and Chinese circles. He is the CEO of New World Development, founder of K11 and owner of the Rosewood Hong Kong hotel.

from Real estate – Luxury Daily https://www.luxurydaily.com/in-conversation-with-hong-kong-property-and-hotel-mogul-adrian-cheng/

One Sotheby’s acquires Decorus Realty in Sunny Isles Beach

From left: David Koster, Gabriel Markovich, Seth Kaufman and Daniel de la Vega

One Sotheby’s International Realty expanded again with the acquisition of Decorus Realty in Sunny Isles Beach.

Decorus Realty has more than 140 agents, making it Miami-based One Sotheby’s largest acquisition in two years, according to a press release.

Decorus, led by David Koster and Gabriel Markovich, was founded in 2011 and has been involved in residential, commercial and new development deals totaling more than $1.5 billion. It is bringing to One Sotheby’s $154 million worth of listings, including handling sales of Vida at The Point, a luxury condo project in Aventura, the release said.

Koster and Markovich will stay on as broker associates, according to a spokesperson.

In statements, Markovich said that the firm had been approached by other brokerages, and Koster said that the two companies were in talks before the coronavirus pandemic. He said that the way One Sotheby’s reacted to Covid “solidified that this was the right strategic move for our business and our agents.”

The agents will operate out of One Sotheby’s Sunny Isles Beach office at 18288 Collins Avenue.

The acquisition marks the fourth for Miami-based One Sotheby’s in the last six months. Earlier this month, One Sotheby’s closed on the acquisition of Worldwide Properties, a South Beach brokerage with 30 agents. In May, Sea Turtle Real Estate in Vero Beach joined the firm. And in February, One Sotheby’s acquired Duek Realty, a brokerage that was based in an office near North Miami.

Write to Katherine Kallergis at kk@therealdeal.com

The post One Sotheby’s acquires Decorus Realty in Sunny Isles Beach appeared first on The Real Deal Miami.

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2020/08/27/one-sothebys-acquires-decorus-realty-in-sunny-isles-beach/
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Ken Griffin is approaching $1B in worldwide luxury real estate buys

Citadel CEO Ken Griffin has been acquiring ultra-luxury residential properties around the world for a decade (Getty, iStock)

Billionaire Ken Griffin has been on a decade-long, ultra-luxury real estate buying spree, one that not even a tumultuous economy amid a worldwide pandemic can slow. The hedge funder’s latest purchase in Miami Beach’s exclusive Star Island has boosted his global residential real estate investment portfolio to nearly $1 billion.

It’s a total that places him in the upper echelon of property moguls worldwide and makes fellow billionaire and luxury real estate buyer, Michael Bloomberg, look like a bargain hunter.

60 Blossom Way in Palm Beach (Google Maps)

This month, Griffin paid $37 million for a double-lot on mansion-filled Star Island, adding to his appetite for real estate in the glitziest locales around the globe.

The founder and CEO of Chicago-based Citadel has spent about $950 million on mansions, condos and land parcels in New York, Chicago, Florida’s Miami Beach and Palm Beach, and in London. In recent years, he spent a total of $350 million on multiple purchases in Palm Beach and $97 million in Miami Beach. He broke a U.S. record when he paid $238 million for a massive Manhattan penthouse at 220 Central Park South and shattered a Chicago mark with a $58 million condo splurge. In Central London, he also dropped $122 million on a mansion.

Nelson Gonzalez, a residential agent who specializes in Miami Beach, said Griffin’s investments have been strategic and have paid off.

9 West Walton Street in Chicago (Google Maps)

“Before, when he was buying everything in Palm Beach, everyone thought he was overpaying for everything, but he was actually getting very good deals,” said Gonzalez, who is with Berkshire Hathaway HomeServices EWM Realty and hasn’t represented Griffin. “And Miami Beach is still extremely undervalued.”

Griffin was also reportedly buying in a place where many wealthy New Yorkers have escaped to during the pandemic. According to the Wall Street Journal, he was under contract in February to purchase a 7-acre compound in Southampton from Calvin Klein. The estate at 650 Meadow Lane closed for $84 million in March, according to the Real Estate Report Inc., but a buyer was not listed.

Here’s a look at what we know about Griffin’s worldwide real estate buys:

August 2020: Griffin paid $37 million for a vacant double-lot at 11 and 12 Star Island Drive on Miami Beach’s Star Island.

March 2020: The CEO is said to be the buyer of 650 Meadow Lane in Southampton, which sold for $84 million.

August 2019: This $99.1 million purchase was for an 18,452-square-foot oceanfront estate at 60 Blossom Way in Palm Beach. It’s on 3.6 acres of land.

220 Central Park South

January 2019: Griffin paid a record $238 million for an enormous penthouse at 220 Central Park South in Manhattan. The condo is a 23,000-square-foot quadplex encompassing the 50th through 53rd floors of the tower developed by Vornado Realty Trust, and designed by Robert A.M. Stern.

May 2018: This $20.3 million buy was for an estate at 10 Blossom Way in Palm Beach, and is on 2 acres.

November 2017: His $58.5 million purchase for the top four floors at 9 West Walton Street in Chicago made it the highest-priced home sale in the Chicago area.

January 2017: Griffin bought this Central London mansion for $122 million. The historic home at 3 Carlton Gardens was once a wartime residence of Charles de Gaulle and has been the home of three British prime ministers.

3315 Collins Avenue (Google Maps)

January 2017: In Palm Beach, he dropped $85 million for the oceanfront 4.18-acre estate at 1290 South Ocean Boulevard.

September 2015: Griffin spent $60 million for two condos at Faena House at 3315 Collins Avenue in Miami Beach. The units, one above the other, total 12,500 square feet.

July 2015: Another Palm Beach buy, he paid $15.2 million for the property at 70 Blossom Way, which is on 1.45 acres.

Late 2012: Griffin spent $130 million on his first Blossom Way assemblage in Palm Beach, acquiring four properties on 6.5 acres of land.

The post Ken Griffin is approaching $1B in worldwide luxury real estate buys appeared first on The Real Deal Miami.

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2020/08/27/ken-griffin-is-approaching-1b-in-worldwide-luxury-real-estate-buys/
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Co-owner of Beckham’s Inter Miami soccer club buys Miami Beach home for $11.1 million

Marcelo Claure, the co-owner and president of David Beckham’s Inter Miami Major League Soccer franchise, has plunked down $11.1 million for a waterfront estate at 5212 N. Bay Road in … Click to Continue »

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://www.miamiherald.com/news/business/real-estate-news/article245290725.html#storylink=rss
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