Tag Archives: real estate

Today In Gay Real Estate

Every time I read about some Russian billionaire or whoever dropping tens of millions on a Manhattan apartment, I snort and roll my eyes. But this doesn’t bother me.  Lots of photos at the link.

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China Begins 220-Story Tower

China has begun construction on what will be the world’s tallest building, the 220-story Sky City.  Developers claim that the tower will go up in only seven months due to its prefabricated modular plan.  The Observer takes a dim view: Economically, the building makes absolutely no sense. It will feature over 11 million square feet (or is it 13 million? …

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NYC’s Luxury Condo Boom Accelerates

Pads for jillionaires are going up everywhere. Ultraluxury housing and construction is booming across Manhattan, which is now beginning to rival London in popularity with the world’s wealthy. The number of condominium buildings in the borough with apartments selling for more than $15 million has risen to 49, up from 33 in 2009, according to CityRealty. And an additional 20 …

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The Worst Room

Here’s a Tumblr devoted to the shittiest apartment shares offered in New York City. Above: “East Village, Manhattan. $700.00. Loft Bed Above Closet in Kitchen.”  Not even close to the worst ones on the site.  Remember, these are shared apartments. Hit the link for others.

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Rising In NYC: 60-Story “Jenga” Tower

Super-skyscapers are rising all over Manhattan and the “Jenga” tower is the city’s latest hot building for jillionaires. Tribeca’s soon-to-be-tallest building, 56 Leonard, sold more than 70% of its 145 units in just 10 weeks — including one to a Frenchman who got so excited just from looking at renderings of the unevenly shaped structure that he bought a $6 …

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Man With A Batcave

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NYC’s Pier 57 To Get Major Makeover

The New York City Council has approved a deal with developers for a $200M makeover for the “crumbling” Pier 57, located just north of the West Village on the Hudson River. The cavernous site, which last year hosted an indoor version of NYC Pride’s famed Pier Dance, will emerge from the renovations as a 100,000 square foot “retail, food, art, …

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Ellen & Portia In Elle Decor

Elle Decor has published a 17-photo look at the California ranch of Ellen Degeneres and Portia de Rossi.

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For Sale: Jon Bon Jovi’s Soho Loft

$18M more than he paid for it six years ago. Details.

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NYC To Get 96-Story Condo Tower

The 79-story One Carnegie isn’t finished yet, but its claim as the city’s tallest residential building will be short-lived because 432 Park (rendering above) will be even taller at 96 stories. That will give it the national record, eclipsing Chicago’s 92-story Trump Tower. The building, known as 432 Park, has a total asking price for its 126 units of $2.7 …

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Afternoon View

This is one of the many entrances to the sprawling 1500-acre, 7200 unit condo complex west of Fort Lauderdale where I’m staying with my ex and his partner. The place is so huge that there are eleven separate condo associations.  The units are positively gigantic by NYC standards and they almost laughably inexpensive, also by NYC standards. A large percentage …

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RUMOR: Apple Store For The Castro

Apple Insider speculates: An historic landmark building at the epicenter of San Francisco’s gay district is rumored to become the city’s fourth Apple Store. Citing “plugged in tipsters,” real estate blog SocketSite noted today that Apple is rumored to have set its sights on the property, which originally served as a Bank of America. The building has most recently served …

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BRITAIN: Mussolini’s Millions Fund Secret Vatican Real Estate Empire

Here’s a fascinating expose by the Guardian: Few passing London tourists would ever guess that the premises of Bulgari, the upmarket jewellers in New Bond Street, had anything to do with the pope. Nor indeed the nearby headquarters of the wealthy investment bank Altium Capital, on the corner of St James’s Square and Pall Mall. But these office blocks in …

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Fiscal Cliff Prompts “Panic Home Selling” Among Hamptons Mega-Millionaires

The New York Daily News reports that the approaching fiscal cliff has prompted a rash of slashed mansion prices in the Hamptons.  Some homes have been marked down to only $20 million! Hamptons homeowners have launched a selling spree, offering fire sale prices to get rid of their properties before higher capital gains tax rates are expected to kick in …

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MANHATTAN: Gay Music Mogul David Geffen Pays Record $54M For UES Co-Op

Billionaire gay music mogul David Geffen has agreed to pay a record-setting $54 million for an Upper East Side penthouse. The co-founder of Asylum Records and DreamWorks just closed on a $54 million duplex penthouse on the upper East Side owned by songwriter and socialite Denise Rich, real estate insiders say. The Brooklyn-born Geffen already owns an apartment in the …

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America’s Most Expensive Zip Codes

According to Forbes Magazine, the Upper East Side’s 10065 zip code is the most expensive place to live in the United States, with a median home price of over $6.5M.  All of the top ten are in New York or California, with the exception of Alpine, northern New Jersey’s hip-hop studded home to Sean Combs, Jay-Z, Beyonce, Russell Simmons, and …

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Most Expensive Cities Ranking

The Council for Community and Economic Research has produced its quarterly ranking of the 300 most and least expensive major American cities in which an average cost is given a score of 100. The Cost of Living Index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in …

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Mortgage Math

(Via Andrew Sullivan.)

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Woolworth Building Goes Condo

Manhattan’s iconic Woolworth Building, which turns 100 next year, is going condo. A 2500 square-foot unit is expected to start at $7.5M. The world’s tallest building when it opened in 1913, the Woolworth Building was called the “Cathedral of Commerce,” its copper-domed tower soaring 792 feet into the skyline. Now, in a $68 million deal made final last week, the …

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Armistead Maupin’s House Is For Sale

Last month I mentioned that one of San Francisco’s most enduring icons will be moving to Santa Fe. On Sunday the Chronicle reported that his SF home is now on the market. “I loved being able to write on that top floor and walk out on the deck and just stare into Sutro Forest,” said Maupin, who penned three novels …

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