Aug 26th 2010 4:09PM
If you thought the existing-home sales figures for July were depressing, better pop a Zoloft or two before glancing at the new-homes sales numbers for the same month. Sales of new homes fell to a 37-year low in July, a 12.4 percent drop from June. The Commerce Department reported that a seasonally adjusted 276,000 new... Continue Reading »
Jun 24th 2010 6:30PM
The owner was asking a lot, and the buyer paid plenty. The end result? The most expensive residential real estate sale in the U.S. so far this year. A 48,000-square foot, hilltop mega-mansion in Bel Air, Calif., has closed for more than $46.5 million (the previous record held by the Bootjack Ranch in Colorado). According... Continue Reading »
May 17th 2010 10:45AM
The luxury property market in Massachusetts just got a whole lot more luxurious. A nine-acre property on Cohasset Harbor, on Boston's South Shore, was listed this past week for $55 million. While the 20,000 square-foot-mansion, called The Oaks, is pretty spectacular on its own, the reason for the steep price tag is that... Continue Reading »
Mar 4th 2010 5:00PM
First time on the market since it was built in 1985, the $13.5M Ray Kappe-designed Scheimer house sits just above the sand on Manhattan Beach's scenic walking path known as the Strand. And this isn't just any beachfront pad -- this one came to party. The steel, concrete and glass, 5,200-square-foot house has... Continue Reading »
Feb 5th 2010 12:00PM
An only-in-Hollywood ribbon cutting ceremony featuring scantily clad dancers, Jimmy Kimmel and a performance by singer Robin Thicke plus the mayor, officially introduced Hollywood's newest real estate star: the W Hotel & Residences. After 10 years in development and almost three years of construction, the $600 million... Continue Reading »
