10 stories on luxury residential in commercial real estate.
BHI provided a $67.5M construction loan to Constellation Group and The Boschetti Group for Cora Merrick Park, a 74-unit boutique condo project in Coral Gables.
Gov. Hochul formally proposed a two-tier pied-à-terre tax: 4% on NYC non-primary residences above $1M and 6.5% above $5M, targeting an estimated $500M in revenue.
Related Group and BH Group secured a $360M construction loan from Tyko Capital for Icon Beach Waterfront Residences in Hollywood, Florida.
A penthouse atop a historic Mayfair building once used as Josiah Wedgwood's flagship showroom has listed for £10.5M, spotlighting London heritage adaptive reuse.
A newly listed penthouse in Stockholm's historic core is drawing attention for its high-end sustainable design, reflecting broader demand for eco-conscious luxury properties in prime European markets. For CRE professionals, the project highlights the increasing premium placed on green building certifications and adaptive reuse in densely built urban centers.
A London penthouse formerly owned by Take That's Jason Orange has listed for £2.85M, offering a window into the capital's luxury residential investment market.
A duplex penthouse atop Embassy Works, a converted Victorian warehouse in London's Nine Elms, has listed for £7.45 million, underscoring adaptive reuse premiums.
A former Phi Kappa Pi fraternity building in Toronto has been converted into a luxury penthouse, spotlighting adaptive reuse trends in tight urban markets.
A reported L.A. penthouse sale tied to a celebrity seller points to continued demand for ultra-luxury residential units, a trend CRE investors are watching closely.
A premium penthouse in central London with connections to Rolling Stones frontman Mick Jagger has entered the market, highlighting how celebrity ownership history continues to drive interest in the capital's ultra-prime residential segment.