LRE® Blog

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July 2, 2015

John Legend Lists Lower Manhattan Loft for $4.495 Million

John Legend and Chrissy Teigen's Manhattan loft hit the market last week, listed for $4.495 million with Compass. John Legend is the winner of nine Grammy Awards, one Golden Globe, and one Academy Award, as well as the special Starlight Award from the Songwriters Hall of Fame. Legend and his Sports Illustrated swimsuit model wife have completely renovated the loft from when they purchased it in 2012 for $2.55 million, reports Variety. 

July 1, 2015

The Significant EB-5 Visa Program Reforms

Courtesy of Ben Olive of Florida Luxurious Properties The EB-5 visa program offers U.S. permanent residency to foreign nationals who create at least 10 domestic jobs and invest a minimum of $500,000 to $1 million in a U.S. business venture. It is due to expire on September 9, 2015 but it has been extended continuously since 2003. Hence there is no reason to believe an extension would not be granted.

June 30, 2015

Understanding the EB-5 Visa Program

Courtesy of Ben Olive of Florida Luxurious Properties The EB-5 visa program was enacted in 1990 after opposition was refuted with the compelling argument that it would generate jobs in areas where it is needed most. It was touted as a “win-win-win” initiative that helps immigrants and U.S. workers; and provided valuable much needed investment in American communities with high unemployment rates or in rural districts (Targeted Employment Areas). The EB-5 program offers U.S. permanent residency to foreign nationals who create at least 10 domestic jobs and invest a minimum of $500,000 to $1 million in a U.S. business venture.

June 29, 2015

Now available: Endless Summer- 13 Seaside Sparrow, Sea Pines Plantation

Courtesy of Resort Rentals of Hilton Head Island Due to a cancellation at this magnificent oceanfront home for the week of July 25-August 1, it is being offered at a reduced rate from $27,000 to $18,000 plus taxes. This home has 8 bedrooms, a sleeper den and 91/2 baths. It has a private pool and includes free tennis, free fitness center, discounted golf and dining and club privileges.

June 26, 2015

One Of Hawaii’s Finest Homes To Sell At Auction Through Concierge Auctions

With over $100 million in Hawaii sales under its belt, leading auction firm to offer its most spectacular Hawaii property yet alongside Hawaii Life Real Estate Brokers KAUAI, HAWAII – May 26, 2015 – Contemporary design meets superior construction along Kauai’s famed North Shore at 3580 Anini Road, a 4,888-square-foot oceanfront estate with over 400 feet of world-renowned Anini Beach frontage, which will sell at auction this summer through leading luxury auction firm Concierge Auctions. Currently offered for $18 million, the property is prominently located inside the largest coral reef in Hawaii and boasts ocean views from nearly every room. The July 2nd auction is being conducted without reserve in cooperation with Neal Norman of Hawaii Life Real Estate Brokers. "This is one of the most A+ properties anywhere on Kauai, let alone on the North Shore. Tucked away in a quiet cove with over 400 feet of white sand beach frontage, the property is just minutes away from dining, shopping, surfing and more,” said Norman, who has worked successfully with Concierge Auctions on the sale of 18 other properties throughout Hawaii. "It's a house with a sense of place. The quality of the construction, paired with the design of the outdoor living areas, down to the materials used, combine to make a truly special home."  Designed by the late Thomas Bingham and constructed by R. S. Weir, modern design is partnered with commercial-quality construction within this two-level, 4,888-square-foot beachfront escape. Set amongst more than one and a quarter acre lot of lush grounds and bountiful gardens, the property features four en-suite bedrooms, all with ocean views, and six and one half bathrooms. The master suite includes double sinks, a Jacuzzi tub with a separate shower and a large, walk-in closet. Additionally there is spacious living, dining and kitchen areas; a gourmet chef’s kitchen; an open-air foyer accented by rich chocolate Brazilian Teak flooring; and grand panoramic direct ocean and Kilauea Lighthouse coastal views from almost every room. The outdoor space offers another layer of luxury, allowing for everything from snorkeling and paddle boarding to surfing and kayaking. The property includes nearly 2,100 square feet of outdoor living and private areas. “When I reflect on my Kauai beachfront home, built of natural materials from the land, I am immediately transported to exquisite ocean views from every window, relaxing and fun- filled dinners, play time on the lanai and the water sport lagoon playground just steps from the garden hedge,” said the seller, Michelle Jurika. “This is where family and friends have collected memories of love, laughter and joy. I am confident the new owners will create their own indelible memories in this piece of paradise by the sea.” Offering the most dramatic landscapes from the massive Mt. Waialeale to the famed Na Pali Coast, Kauai — the oldest of all the Hawaiian islands — is known for its lavish landscapes, cascading waterfalls, and white-sand beaches. Also known as the “Garden Isle,” the fourth largest of the main islands in the Hawaiian archipelago is home to nine of the best and most challenging golf courses in the world, including the 27-hole, Jack Nicklaus facility Kauai Lagoons Golf Club. Located on the eastern end of the island, Lihu’e Airport has direct routes to Honolulu, Kahului/Maui, the United States mainland and Vancouver. “Our platform has proven itself time and time again in Hawaii, where we’ve sold more than $100 million of the state’s most stunning real estate. We identify the best buying opportunities, and this is certainly one to notice — perhaps our most desirable yet,” said Concierge Auctions President Laura Brady. “We’re thrilled for the assignment to find the next owner alongside our great partners at Hawaii Life Real Estate Brokers.” Concierge Auctions will host a preview event at 3580 Anini Road on June 11th between 4:00 and 7:00pm. Showings will be held daily from 1-4pm and at other times by appointment. The auction will be conducted live, onsite, on July 2nd. A 2.5% commission is offered to the buyer's representing broker. See Auction Terms and Conditions for full details. About Concierge Auctions New York-based Concierge Auctions is the dominant player in the luxury real estate auctions sector, selling high-end properties worldwide through a transparent and market-based bidding process. Since its founding in 2008, Concierge’s business has spanned the globe, including 27 US states and 5 countries, and the firm has produced numerous record-setting sales. Concierge recently received the "Best Overall Marketing" award from Who's Who in Luxury Real Estate, a global collection of more than 130,000 real estate professionals in more than 60 countries, and was named one of America's fastest-growing companies by Inc. Magazine.

June 24, 2015

Calvin Klein Moves West, Buys Sleek $25 Million Home in Hollywood Hills

Iconic fashion designer Calvin Klein closed the sale Tuesday on a $25 million showplace in Hollywood Hills, represented by Jeff Kohl of The Agency. The estate, designed by Paul McClean and completed in 2014, is a fashion statement itself with clean lines, walls of glass, and a floating catwalk entry over a waterfall and reflecting pool.

June 23, 2015

Sensation Sells

Courtesy of Frederick Peters, President of Warburg Realty. One of New York City’s most prominent real estate rags recently printed an article exploring the actual extent of demand for ultra-luxury condos. In it a number of celebrity agents, appraisers, and developers opined about the depth of the market for condominiums costing $30 million or more, of which there are, apparently, at least 99 in Manhattan. What is extraordinary about this, besides that there are this many and that, with few exceptions, no one much is buying them at the moment, remains the fact that yet another article is being written about this teeny segment of the market! Honestly, how many people actually care about this, beyond the flush of prurient curiosity, which has made New York real estate into a Kardashian-esque viewer experience? 

June 23, 2015

Keyes Luxury Insights: Fort Lauderdale Luxury

Courtesy of Kevin M. Leonard, Director of Keyes Luxury Real Estate Fort Lauderdale real estate is still viewed as been in the lap of luxury. And no change is expected in the foreseeable future - as opulent projects continue to come to this Florida city. Slightly lower construction costs in Fort Lauderdale is one factor contributing to the area's real estate boom. Although that being said, tourists and potential home buyers always flock to Fort Lauderdale anyway on a regular basis.

June 22, 2015

“Coulda, Woulda, Shoulda”

By Steve Blank, managing broker, LIV Sotheby’s International Realty, Downtown Most of us might recognize the old adage that states “the only thing that is constant is change”.  My University of Denver (DU) economics professor taught that and I doubt there is much that rings more true.  I have been selling residential real estate since graduating from DU in 1975 and have seen how interest rates, property values, and consumer confidence can affect real estate cycles.

June 19, 2015

Top 1 Percent Realtor Debbi DiMaggio Releases 7 Real Estate Success Tips

As a Top 1 Percent Realtor in the United States, Debbi DiMaggio releases her Top 7 Success Secrets in a new book, “The Art of Real Estate” (April 2015). As the spring real estate buying season hits a peak, Author, Realtor, Parent and Speaker Debbi DiMaggio releases her Top 7 Tips for “How to Elevate Yourself into the Top 1%” in a new book, “The Art of Real Estate,” co-authored with husband/partner Adam Betta. With mortgage applications falling due to rates above 4%, many agents can use these tips to stand out using Debbi’s VIP Service philosophy.
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