Archive for January, 2007

Most Expensive Listing Ever in New York - 80 Million Dollar Hamptons Property

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The most expensive property ever listed in New York has come on the market in the Hamptons. With an 80 million dollar price tag I do not think that they will be doing Sunday open houses.
The property is has over 55 acres [...]

21Jan2007 | Tom Royce | 0 comments | Continued

United Van Lines Reports Highest Inbound State Is North Carolina While People Flee Michigan

United Van Lines has released their annual report on inbound and outbound traffic into each state. This is a good indicator of where the migration trends across the country are for 2006. The trend of people leaving the Northeast and Midwest is continuing as high taxes and low employment prospects are providing motivation for people [...]

20Jan2007 | Tom Royce | 2 comments | Continued

Real Estate Investors TV Launches - Free Sneak Preview This Weekend

Real Estate Investors TV has just left beta and hopes to be a leader in the online training of real estate investors. The site comes from the folks that run House Buyer Network, a we buy houses type company that has grown significantly over the past few years.
The internet based training network will provide continous availabily to [...]

19Jan2007 | Tom Royce | 0 comments | Continued

Weak Florida Residential Sales Main Part of Fed Report

While overall, the southeastern United States economy was vibrant, the residential real estate market showed the greatest weakness. Most of the region had a higher inventory of available properties, but Florida was in the deepest trouble. The speculation bubble has left too much inventory to be quickly absorbed by the local market.
While this is [...]

19Jan2007 | Tom Royce | 1 comment | Continued

International Real Estate Blogs Taking Off

The phenonmemon that we are participating in blogging about real estate in the United States is taking off internationally. The Herald Tribune has an article out talking about the rise in internet content sites such as blogs, forums, and podcasts becoming more of a mainstay in the real estate community.
If you think about it, [...]

19Jan2007 | Tom Royce | 0 comments | Continued

New Orleans French Quarter New Home To Pitt and Jolie

It looks like Brad Pitt and Angela Jolie, the hot celebrity couple, have decided to buy a historic home in the French Quarter of New Orleans. The home, a 1830s mansion is located in the city that was ravaged by Hurricane Katrina.
The French Quarter, home of the tourist trade, has been struggling to regain [...]

18Jan2007 | Tom Royce | 3 comments | Continued

Canadian Company Brookfield To Buy Mills Corp

The Canadian company, Brookfield Properties, has tendered an offer for the Mills Corp. for 7.5 billion dollars for the Mills Corp. today. Brookfield has had a large presence in office property with large holdings in New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, and Calgary. The entrance into the shopping plaza and mall business [...]

18Jan2007 | Tom Royce | 1 comment | Continued

French Chateaus Hitting Market: Seller French Government

If you are in the market for some unique real estate, look over at France. They are selling in the neighborhood of 15 to 20 billion dollars of historic real estate that is presently used for office space. Some of these properties are exquisite and historic landmarks.
Maintainance costs and government deficits are the primary reasons [...]

18Jan2007 | Tom Royce | 1 comment | Continued

Los Angeles Home Sales Fall 12.9%, But Median Price Increases 6.5 Percent

The national trend of slower volume but consistent or slowly rising prices is now including Los Angeles. The market is showing that smart priced homes are moving, but many who list are being aggressive on pricing. Another trend is that homes are going under contract but languishing as the closing is contingent on the buyers [...]

17Jan2007 | Tom Royce | 1 comment | Continued

Andy Warhol’s Montauk New York Estate Finally Sells

The 5 acre 5 home estate that Andy Warhol owned on the East End of Long Island, New York has sold for nearly 30 million dollars Millard Drexler, head of J. Crew and part of the Drexler family that has extensive retail holdings in the country. The estate has been on the market for a [...]

17Jan2007 | Tom Royce | 0 comments | Continued