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November 21, 2008 9:35:37 CST


luxury condo

luxury condo news stories

4 Stories

NYC's Luxury Apartment Bubble Bursts

There's now a glut
of pricey listings
on the market

(Newser) - New York’s top real estate agents subscribed to an 8-word mantra last year, the New York Observer notes: So many eager buyers, so few trophy properties. But 2008 has brought a dose of cold reality. More than 168 luxury apartments and townhouses are on the market, dozens more than just 6 months ago and more than twice the number of 2 years ago . More »

More about:  housing market New York real estate luxury condo

 LA Gets the Luxury Condo Bug

City's vertical trend extends to rich

(Newser) - LA’s multi-millionaires are downsizing. While the wealth and fame in the City of Angels has traditionally expressed itself in estates, preferably gated, now a steady stream of the very-well-heeled are trading in their mansions for high-rise luxury condos, the New York Times reports. “People are ready to live in a more urban way,” says Robert Stern, one of several prominent architects designing such vertical manors. More »

More about:  Los Angeles real estate condominium luxury condo

Trump Sues Over Israeli
Condo Deal

Says builders made $36M on his name —without building

(Newser) - Nobody makes a sucker out of Donald Trump…at least not without getting sued. Trump is taking an Israeli condo developer to court, saying the company profited off his name without giving him a cut. The developers made a deal to build a 70-story Trump Plaza residential and commercial tower on property they bought for $44 million, and agreed to send its namesake 25% of the sale price of each unit. But instead they flipped the site for a cool $36 million profit. More »

More about:  Israel lawsuit Donald Trump luxury condo

 Fla. Crane Crash 
 Kills 2, Injures 4 

Cause of accident still unknown

(Newser) - Part of a construction crane crashed into a building next to a Miami construction site this afternoon, killing two and injuring at least four, the Miami Herald reports. Workers on an unfinished 46-story luxury condo were raising an extension to connect it with the crane when the extension came loose and fell into a nearby house being used as a construction company office. More »

More about:  Florida Miami accidental death crane accident rescue dogs construction crane luxury condo

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