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This moment in sports is so important to me, because it set in motion my love of sports.  Only something as majestic and beautiful as watching a beloved team win a championship could bring a grown man to tears. I experienced the same joy my father felt when the Giants won the Super Bowl last February.  I too was on my knees in front of the television, crying. Sotheby's International Realty® represents extraordinary New York Real Estate in Manhattan, featuring some of the most exquisite luxury properties. The New York City real estate market has some of the world's most glorious homes and it is widely known for its luxury housing. As the largest city in the United States and self-proclaimed “City that Never Sleeps”, nearly anything is possible to find at any given hour in NYC. In addition, residents can enjoy one of the largest man-made parks in the United States - Central Park. Foreign real estate investors across all sectors are looking to the United States as one of the hottest investment markets for industrial, office and multifamily real estate. Foreign buyers had scooped up $68.2 billion of single-family homes in the United States, or about 7% of all home sales, in the 12 months that ended March 2013. Saddled with legacy systems and burdened with changing regulations, the mortgage industry has been slow to adopt digitization compared to many other industries.
Has the Great Recession launched a new era of renting versus buying that will eventually result in a nation where more people rent their homes than purchase them?
Garbett Homes has been building neighborhoods along the Utah Wasatch Front for over 20 years.
Receive cash rebates through the Questar Gas(R) ThermWise Rebate Programs for the purchase and installation of energy-efficient appliances, such as ENERGY STAR clothes washers and high-efficiency dryers, natural gas storage and tankless water heaters, high-efficiency natural gas furnaces and boilers, and solar assisted gas water heating. Richmond American Homes offers quality new home construction and award-winning designs in their Salt Lake City communities. At Hamlet Homes, we build upon our solid business foundation, we achieve the highest quality products and services through continuous improvement, personal responsibilities, consistent measurement, and recognition of results. Jobs growth totaled some 54,000 in 2006; more than 160,000 new jobs have been added since 2002. Passenger traffic at the airport was up 23 percent in the third quarter, totaling 6 million. The Office of Federal Housing Oversight (OFHEO) reported in the first quarter of 2007 Utah led the nation in price appreciation at 17 percent.
Additions, alterations and repairs were up more than 30 percent over 2005 to $865 million.
Salt Lake County offers downtown, urban, suburban, and semi-rural neighborhoods varying from brand new homes with all the bells and whistles to century-old classic restorations. Utah boasts nationally ranked schools (public and private), attractive shopping districts, low crime rates, nationally-respected hospitals and clinics, and longer than average life spans. One of the major league teams is Real Salt Lake, which is building a $145 million stadium complex in Sandy. Rents on the east side tend to be slightly higher than on the west side and larger complexes average slightly higher than smaller ones.
The starting inventory of apartments for 2006 was 108,380 units compared to 106,813 units in January 2004, an increase of 1.25 percent. In 2006 Salt Lake office space market continued the trends of 2005, according to NAI Utah 2006 Year End Market Report. The State’s thriving economy is attracting out-of-state office users and fueling in-state expansions. At the start of 2007 there was only a 9-month supply of midsize multiple-tenant warehouse space, a 13-month supply of flex space and a 44-month supply of bulk warehouse.
Like nothing else, lowering cap rates show the expanding confidence investors have in the Utah market. Some 2 million square feet of retail space was absorbed during the year, much of it in the South Valley.
The building boom and the strength of the retail sector have left little in the way intermediary retail space. Both Crossroads Plaza and the ZCMI Mall have been razed as a part of the $1 billion redevelopment of a two-block area to be called City Creek Center. A third mall, Valley Fair Mall in West Valley is undergoing a major $50 million renovation that leaves it an open-air mall with a new anchor, Costco. Chicago Metra Train schedule is affected on Independence Day, Christmas, New Year’s Day, Memorial Day, Labor Day, or Thanksgiving.
In the above map, Metra rail line runs like in The Dark Green line Chicago (OTC) to Kenosha, Purple lines run Chicago (US) to Antioch which is north central line. If you want to get train time schedule of arrival and departure online, then you need to login by entering your email address and password here. CAPTCHAThis question is for testing whether you are a human visitor and to prevent automated spam submissions.
Stefan Boublil designed this amazing New York apartment design, perched on the 61st floor on a metropolitan tower overlooking Central Park. Tiny Monaco, which is occupied almost entirely by Monte Carlo, is home to the most expensive residential real estate in the world. The answer is an emphatic “yes” if the product in question is real estate — and if you’re comparing it to property in other parts of the world. There are a number of global cities where prices are far higher than they are in the Big Apple. For example, in Monaco, the most expensive market in the world, homes average $6,200 per square foot, according to the most recent Wealth Report from London-based real estate consultancy Knight Frank. By comparison, the average price in Manhattan was $2,300 a foot as of March, according to the report.
Hong Kong, London and Singapore are also pricier than New York, which ranked sixth on Knight Frank’s top 10 list, two notches higher than the year before. While the ranking includes several locations in Asia and Europe, Middle Eastern and South American cities are noticeably absent: For all its vast investments in luxury development, for instance, Dubai did not crack the top 10.
And faced with a softening housing market, much of it by governmental design, the four Asian cities on the list may see prices drop soon. In addition, New York is narrowing the gap with some Asian cities, where values are sliding after a massive multi-year run-up, brokers say.
This month, The Real Deal looked at the priciest markets on the planet for residential real estate and at how they stack up against New York. Residential values seem to know few bounds in this square-mile European country on the Mediterranean. For the third year in a row, Monaco, which is almost entirely occupied by the famed Monte Carlo quarter, took top honors in Knight Frank’s report.
Measured another way, $1 million in Monaco will buy about 162 square feet, or less than half a Manhattan “micro” apartment.
Experts say that Monaco’s extreme lack of supply propels prices: Not only is the principality tiny, but high-rise construction was mostly banned for three decades starting in the 1980s, until recently. In addition, residents, who reportedly include Russian billionaire Dmitry Rybolovlev, Beatles’ drummer Ringo Starr and actor Roger Moore, who portrayed James Bond in seven films, pay no income tax. This waterfront Chinese city — where $1 million buys 222 square feet — saw an average sales price of $4,550 a foot this year, down from $4,810 a foot last year, according to Knight Frank.
The greater Hong Kong region, which has 7 million people living in roughly 400 square miles, is similar in size to the New York area.
The government also owns most of the land and can impose strict rules about what goes up on it. Subsequently, 2013 saw the lowest number of transactions in the city since the 1990s, according news reports.
Plus, in the 12-month period ending in July, overall housing prices dipped, though by less than a percent.


In response, major developers like Sun Hung Kai Properties slashed prices at mega-projects like the Cullinan, a glassy two-tower condo on Victoria Harbor that’s the city’s tallest residential building. If there’s a global city that New York gets pitted against more than any other, it’s London. At an average of $3,700 a square foot, residential sales price “across the pond” in England’s capital city are higher than they are in New York, data show.
Though land is not as limited as it is in Manhattan and other island metropolises, strict zoning regulations keep prices high: The city ranks a lowly 45th globally in terms of skyscrapers, Knight Frank reports.
In terms of major sales, the blockbuster project continues to be One Hyde Park, a modernistic complex of four linked mid-rise towers completed in 2009 in the Knightsbridge area. And it’s not the first record at the condo, an 80-unit project developed by the Candy Brothers’ CPC Group and the Qatari firm Waterknight. Critics say that these ultra-big-ticket purchases obscure what’s really happening in the market, by artificially inflating average prices. Overall home prices were down 3.7 percent in July from last summer, and prices are expected to tumble by as much as 20 percent by 2015, analysts say.
Analysts say the market will soon reveal whether those curbs have gone too far, as about 80,000 new apartments are reportedly coming online by 2018. Geneva, the six-square-mile, high-altitude European financial hub in Switzerland, edged out New York by just a hair.
Prices rose through the recession there and may climb higher, according to several brokers who’ve been publicly quoted on the topic. But a series of controversial recent rules designed to stem overdevelopment have taken aim at this second-home market — which may limit the stock of those dwellings, particularly for foreigners. As a result, Geneva, and Switzerland in general, which have long been trendy with British, German and Italian buyers, may be losing some of its appeal, brokers say. However, even if sellers are now required to pay capital gains taxes locally when they sell Geneva homes, those sales can be tax-free on a national level, so investors might not packs their bags for good.
Homes in the top 5 percent of this Australian city average $2,250 a square foot, just a bit less than New York’s figure when Knight Frank collected its data. And unlike some other cities on the list, Sydney continues to show strong growth; its sales price per square foot average was up from $2,125 in 2013, the data show. A single demographic may explain the booming home market: Chinese buyers spent a staggering $23 billion on real estate in the country from 2007 to 2014, according to a Credit Suisse report.
Sotheby’s Brown estimates that a quarter of all buyers of new condos in the city this year have been Asian. Brokers say Chinese buyers prefer homes with views of Sydney icons like the Harbour Bridge and Opera House. In May, a Mediterranean-style waterside mansion called Altona sold to a Chinese buyer for $53 million, setting a record for the priciest home ever sold in the country. In France’s capital, where Knight Frank said prices average $2,200 a foot, demand has seemed unstoppable. Property values have jumped by double digits in the last five years alone, according to news reports. For many, the most coveted homes in a city with little major residential construction are found behind 300-year-old limestone walls in the center of Paris, on Ile Saint-Louis, said Sofia Falleroni, a broker with Town Residential, who works with buyers from France. Other popular destinations for foreign buyers include the Golden Triangle area by the Champs-Elysees and Avenue George V, a major retail area, sources say. Russian oligarchs, many rich from oil, are driving the record-setting purchases outside their country.
That explains average prices of $2,150 a square foot in Moscow, where $1 million purchases 463 square feet.
Investment targets include the “Golden Mile,” or Ostozhenka Street, by the Moscow River, which is lined with landmarked Art Nouveau mansions from the late 19th and early 20th centuries.
Gleaming towers are “a relatively new model for Moscow, which is an older city,” said Angela Rapoport, a Corcoran Group broker who was educated in Moscow and is from the former Soviet republic of Estonia.
But the recent turmoil in Ukraine, where separatists that appear to be backed by Russia are battling pro-government forces, has led to tough sanctions by Western countries. Some of the residential activity is being driven by investors, who are buying up newly constructed units, sometimes sight unseen, and then renting them out, said Brown, who compared the situation to Miami during the last boom.
On the other hand, ultra-wealthy residents who maintain their primary residences in Shanghai usually gravitate toward standalone villas, according to Daniel Chang, another Sotheby’s agent who is originally from Taiwan, but is now based in New York. While the Chinese home market has significantly cooled in recent months, analysts say established cities with mixed, global economies like Shanghai are better prepared to stave off a downturn. In addition, the Park Hyatt Beijing, a 66-story building with 21 penthouses on the top nine floors, is also under construction nearby. Aware that buyers are on the hunt, Sotheby’s recently opened an office in the city; Century 21 has a beachhead, too. For the high net-worth individual, no other information source in the country brings you the detail and in-depth value on the topics you’re interested in.
Get the world news stories happening now and read about the latest in numismatics, auctions, collections, art, jewelry, real estate, and more! If you manage this site and have a question about why the site is not available, please contact us directly. Be it a penthouse apartment or an Upper West Side brownstone, the opulent reputation of NYC homes is unique and unparalleled. It is a multicultural epicenter with the headquarters of the United Nations seated in Manhattan.
1 spot, falling to London, the next four hottest markets for foreign investors in the survey from the Association of Foreign Investors in Real Estate were American cities. Trey has served as real estate editor for the Dallas Business Journal, and was one of the founding editors of D CEO Magazine.
Now, however, the industry must provide more transparency to regulators and satisfy consumers while managing tighter margins. Our experience and longevity are only surpassed by our desire to impress each home buyer or renter with the best possible experience.
Our friendly staff and clean convenient storage facilities create an environment that promotes security and peace of mind.
The State’s population increased by 78,000, with 41,000 net in-migration, also a record. The OFHEO also found that Utah’s three largest MSAs (metropolitan statistical areas) Ogden-Clearfield, Salt Lake City and Provo-Orem were three of the five fastest appreciating cities in the United States.
A decline of 4.9 percent from the 2005 record, but still the second most permits ever in Utah. Financing rates and cap rates remained lower than forecast, resulting in continued price appreciation spurred by increasing rental rates and the vibrant strength of the local economy. Completed new construction was 642 units, almost a three-fold increase over 2005, but far below the 2,707 units completed in 1997.
Fidelity, Spillman Technologies, Southern Nevada University and Myriad Genetics added nearly 500,000 square feet of office space in 2006.
Higher construction costs propelled a spike in rents, resulting in fewer concessions and a reduction in build-out allowances to tenants. Utah’s continuing economic expansion is drawing interest from out-of-state firms looking to expand and powering the growth of home-grown companies.
Likewise the South Valley is also active courtesy of lower land prices and low interest rates.
Investments in office space and apartments declined slightly, but the most pronounced drop was investments in retail spaces. Current and projected growth in all market segments, along with benefits such as our expanding light rail lines and soon-to-be-completed commuter rail line, will continue to lure potential investors.
While the state’s economy is currently best described in superlatives, Utah has maintained a long-term balance not seen in comparable western markets.


That is, while Class A retail and Class C are available, there is little in the way of Class B space.
The project, scheduled for completion in 2011, will add 800,000 square feet of retail space to the central business district. Metra Train schedule is also affected on other days like pre-holiday dates, or modified schedules. The priceless view outside is surpassed only by what you see inside this sprawling home, which is three smaller apartments combined. That’s 60 percent less, though appraisal guru Jonathan Miller pegged the Manhattan average at $2,735 in the second quarter (see related story).
The cities were ranked based on the top 5 percent of their sales during all, or part, of 2013.
Neither did Sao Paolo, Brazil, though both were price leaders in their regions, the data show. And as of March, the average luxury home price of $6,200 a foot was up 10 percent, from $5,635 in 2013, according to the report. That’s giving Monaco, which has a full-time population of 38,000, an edge over another tax haven, Switzerland, where laws are tightening (see Geneva, below).
A rare condo tower, the 49-story Tour Odeon from developer Groupe Marzocco, is now being marketed, with 26 of its 70 units sold as of August, according to Bloomberg News. But much of the city is made up of small, scattered islands and a good portion is covered with steep hills that are difficult to develop. And though the city’s leaders have, in recent years, suggested taking millions of square feet of unused warehouse space left over from the Hong Kong’s manufacturing heyday and converting it to housing, plans have not gotten far. Worried about a housing bubble, the Chinese government has for the last few years tried to rein in the market by requiring larger down payments, capping how much buyers can borrow to buy homes and slapping taxes on property flippers. Last fall, the company offered a 70 percent discount on “stamp duty,” a type of real estate fee.
In 2011, Rinat Akhmetov, a Ukrainian oligarch, paid a combined $248 million for a penthouse and adjacent apartment, according to published reports. Like with Hong Kong, fears of over-speculation by investors have prompted Singapore’s government to put in place rules to avoid a collapse. Second homes can now only be built in certain areas, and for the most part, not be super-large.
Other analysts add that a two-year-old program that offers Australian visas in exchange for $5 million in real estate investment is also playing a part in fueling the residential market. In other words, the city made serious gains through the recession and Europe’s sovereign debt crisis.
But some critics say that new tax laws passed in 2013, which increased the rate residents pay on incomes above $1 million to 75 percent, from 48 percent, may discourage new, wealthy arrivals from overseas. But wealthy buyers also like mixed-use high-rises — which usually have offices on lower floors and full-service condos above.
Brown, whose client list is 40 percent Asian, and other sources said these speculative investments are helping to create a housing bubble. Chang said these homes are almost suburban by Western standards, situated in massive developments like Pudong, on the eastern side of the Huangpu River, a burgeoning area away from the city center. But with the Chinese home market’s softening, Knight Frank’s data, which was collected last year, may be a bit outdated. From the future of gold, silver and other precious metals to all of the different diversification avenues for the hard assets investor, American Hard Assets is the premier source for hot industry topics, as well as the latest in gold and silver news. People from all over the world are taking advantage of our recovering real estate market to live in the most iconic metropolitan city in the world. Some have hundreds of years of history in their walls and others are modern architectural phenomena.
Being a major financial, cultural, and transportation hub, the possibilities of NYC real estate are boundless.
He has been an editor for D Magazine — considered among the best city magazines in the United States — and a contributor for Reason magazine. And the housing market, especially in the Salt Lake Valley, is catching up for lost ground rather than suffering from the speculative excesses that fueled home price frothiness in other Western cities like San Diego, Phoenix, and Las Vegas.
Nearly three-quarters of new multi-family housing units were condominiums, townhomes, duplexes and twin homes, a function of low interest rates. Within one day’s drive are 11 national parks and uncounted year-round outdoor recreation opportunities. The fact that the market steadily progresses, with no sudden swings up or down, gives investors comfort and confidence.
Many travelers save by traveling in groups of 10 or larger from metra rail Chicago's one of the 230 stations.
One-bedrooms start at $7 million, and the five-level 35,000-square-foot penthouse is listed at a stunning $390 million, which would be the most expensive apartment ever sold in the world if it trades at that price.
But even with the price cut, some apartments there still traded at close to $4,000 a square foot.
This summer, home prices finally recovered all the value they had lost during the recession and actually surpassed their peaks from the last boom, according to several market reports. With a population of about 5 million across 277 square miles, the city has an average sale price of $2,850 a square foot for its super-luxury properties.
Developed by Tuan Sing Holdings, the property, which in addition to other amenities will have a rooftop pool, is supposed to open in 2016. Those towers are sprouting in the Moscow City Development, a former factory district that’s being converted into a high-density city-from-scratch. The affluent Jing’an district offers several flashy examples of apartment towers that are popular with investors. Over twenty different museums and cultural centers exist within NYC - without counting art galleries, which would number well into the hundreds.
The luxury of living in a NYC home is nearly incomparable to the pleasures of living in New York City itself. Light Green line for Chicago (US) to Aurora which is Burlington Northern Santa Fe, and Southwest service as Blue line Chicago (US) to Manhattan. The massive wraparound sofa frames the living room, where a walnut library and entertainment center evoke the glorious 1980s - the era when the building was constructed. The $15 billon project, which has been likened to the high-density Canary Wharf financial district in London, has been underway for 20 years and contains some of Europe’s tallest buildings, which are more geared for investment than for primary residences.
Sotheby's International Realty invites you to tour the NYC region and see all it has to offer in luxury real estate. It is the sister agency to the Chicago Transit Authority that offers mass transit rail (the L) and bus service mainly in the suburbs. Chicago Metra Train provides railway system to ensure safe, effective, high quality commuting throughout Chicago and the surrounding suburbs. Metra serves more than 200 stations on 11 rail lines and the Metra train schedule & maps provide details for travelers to find route around their city.
Brown line for Chicago (US) to Joliet which is Heritage Corridor, Rock Island District as Red line Chicago (Lasalle Street Station) to Joliet, Metra Electric runs as Orange line Chicago (Millennium Station) to University Park, and South Shore line as Sky line Chicago (Millennium Station) to South Bend.
Brimming with cool loft design ideas, this apartment is colored by unusual furniture, off-the-wall accessories and vibrant pops of color against the minimalist interiors to draw the eye and invite further exploration.
Floor-to-ceiling windows encircle the main living area, providing for endless vistas and conversation. The kitchen and dining area are wrapped in waxed concrete, so they enjoy a totally different, "theatrical" look and feel from the rest of this chic, modernist home.




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