Real Estate

Even if you’ve never read Eloise, the iconic children’s book by Kay Thompson, the name has become almost synonymous with New York’s iconic five-star Plaza Hotel. The French Renaissance château-style building was first built in 1907 and deemed a New York City landmark in 1969. While it’s been an operating hotel for over a century,

Natural disasters like hurricanes and snowstorms tend to temporarily halt housing market activity in affected areas. If the United States breaches the debt ceiling, it would hit the housing market like a natural disaster. Whenever there is a major weather event, like a hurricane or snowstorm, the places directly in harm’s way see a steep

In terms of sales volume, multifamily is the largest asset class in commercial real estate, followed by industrial, office, and retail, per data from Real Capital Analytics. The segment currently has a national vacancy rate of 6.7%, according to CoStar, which projects that rent growth will moderate during the next 12 months from 3.7% to

Grammy award-winning musician, Billy Joel has called Oyster Bay, a hamlet on Long Island in New York, home since 2002. Now, the “Movin’ Out” crooner is saying goodbye to the property. The “Piano Man” singer recently listed the 26-acre property, known as Middlesea, for $49 million. First built in 1994, the property sits on 2,000

A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior

Anecdotal evidence suggests upscale buyers are as interested in big city pieds-a-terre after the pandemic as they were before Covid’s arrival. The difference? Purchasers are tending to seek not customizable residences, but homes that feature turnkey living. The change may flow from Covid-era supply chain uncertainties lingering longer than expected. Buyers don’t want to wait

Forbes Global Properties If a gated community with a guarded entry seems like a modern-day security measure, think again. Homes in a neighborhood in Alanya, a city in the Turkey province of Antalya, are surrounded by miles of medieval castle walls complete with watchtowers. Aerial view from the Citadel of Alanya on the Red Tower

A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior

“Outdoor luxury kitchens are a high growth category,” according to a new study just published this month by the National Kitchen & Bath Association. The reasons driving this surge include people entertaining more at home because of Covid, a desire to connect with nature for wellness, new products exciting homeowners, and a keeping up with

An incredible piece of American history can now be yours. The estate where the late Jackie Kennedy Onassis, the former First Lady to president John F. Kennedy, spent her childhood summers is now listed for a cool $55 million. Located in East Hampton, New York, the home is called Lasata, which means ‘place of peace’

Michigan is home to the good ole “Motor City” of Detroit, the University of Michigan, and some fascinating colonial era forts at the tips of the Upper and Lower Peninsulas. Indeed, Michigan is a beautiful state with its fair share of very wealthy cities. In a recent study, we analyzed and identified the 50 richest

Investment in luxury second-home markets has cooled following a sales run-up during the pandemic years 2020-21. But that’s not to say a lot of folks aren’t still toying with investing in such sunny spots as the Caribbean, Hawaii and Costa Rica. “The pandemic-related market run experienced in Hawaii’s ultra-luxury real estate sector was logistically unsustainable,

Forbes Global Properties In Malibu, California, sand is gold. Where homes are sited―whether sandcastle-close along Broad Beach Road or atop Point Dume cliffs―is all about the correlation to beaches glinting in a sunset’s glow. The main show is the Pacific Ocean and its sonic swells―that serene rhythmic roll homebuyers crave to hear 24/7 and will

Forbes Global Properties A stylishly renovated multiroom apartment in New York City comes with large living spaces and is situated in the Lifesaver Lofts, a turn-of-the-last-century factory that once manufactured the iconic candies. Once a state-of-the-art candy-making facility, the building was converted into condos a little over … [+] a decade ago. Paul Mileman Photography

Forbes Global Properties By the middle of the 1980s, television host and media mogul Merv Griffin was making retirement plans from his hit talk show, The Merv Griffin Show, which had been on the air for more than 20 years. The success of his production companies, Merv Griffin Enterprise and Merv Griffin Entertainment—responsible for creating

Forbes Global Properties Only four owners have called Denholm mansion in the Sydney suburb of Woollahra home in its more than 100-year history. Among them was former Liberal Party heavyweight Sir John Atwill, who during his 50-year ownership received a variety of distinguished guests including the venerable Margaret Thatcher. Distinguished guests to visit the property

The San Francisco Office Tower was worth $300 million four years ago, but is now for sale, with some estimating it will sell for 80% less, as reported in The Wall Street Journal (and by the way, it’s mostly empty). Meanwhile, in Dallas, nearly 6 million square feet of office space is under construction, amid

Forbes Global Properties Every so often, an architect comes along whose vision and designs are so tied to the fabric of the city in which they erect their masterpieces that it becomes difficult to imagine the same place without their influence—would Chicago be the same without Daniel Burnham or Barcelona without Antoni Gaudí? The two-story

Forbes Global Properties A former equestrian property in Westport, Connecticut, comes with a main house and separate cottage, plus a converted barn on subdivided acreage. Thin columns support a portico over the entry. Mark Orensteen | The Higgins Group Private Brokerage The 4.54-acre estate in Westport’s Old Hill section was once part of a larger

Forbes Global Properties In Montecito’s coveted Hedgerow neighborhood, gates, tall hedges and ivy-covered walls allow only a peek at the houses that lie beyond. It’s a tranquil Southern California community where privacy is built-in and people tend to put down roots. As such, homes infrequently come on the market. A 1938 Spanish-style residence now listed