A 100-Year-Old Manhattan School Asking $60 Million Could Become a ‘Grand Mansion’
The neo-Renaissance building on New York City’s Upper East Side spans 25,000 square feet. Read More
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TRENDING TODAY
MANSION GLOBAL BOUTIQUE
LISTING OF THE DAY
This Log Cabin in the Idaho Mountains Is Asking $14 Million
The custom family compound has an elevator, two primary suites and a bunk room that sleeps seven. Read More
DESIGNER’S CORNER
How to Design With Peach Fuzz, Pantone’s 2024 Color of the Year
Peaceful, warm and comforting, this year’s pick isn’t quite pink and it isn’t quite orange. Read More
NEWS BITES
Virgin Australia CEO Sells Melbourne Mansion
Jayne Hrdlicka, CEO of airline Virgin Australia, has finally sold her home in Melbourne, Australia, more than a year after first putting it on the market. Located in the city of Hawthorn, Hrdlicka’s historic mansion was asking between A$17 million and A$18 million (US$11.2 million and US$11.8 million). Built in 1886, the Victorian home has a billiards room, a wine cellar and a primary bedroom suite with a fireplace and a balcony. There’s also a pool and a tennis court on the property. An official sale price has not yet been made public, but it reportedly fetched around A$17 million. realestate.com.au
NFL’s Jared Goff Buys House Next Door in Southern California
Detroit Lions quarterback Jared Goff has just spent $8.6 million to buy the home next door to his Manhattan Beach, California, residence. With this purchase, Goff now owns nearly half an acre in the high-end beach community. Built in 1952, the home was remodeled in the early ’70s. It last sold in 1976 for just $105,000, leaving the sellers—who are the heirs of the recently deceased longtime owner—with a large profit. The L-shaped home, which has an outdated beige stucco exterior, spans roughly 3,500 square feet on a 10,000-square-foot lot and has four bedrooms and four bathrooms. Robb Report
China’s Struggling Property Market to Rebound in 2024, Developer Predicts
Chairman of Chinese developer Greentown China Holdings, Zhang Yadong, is predicting next year will be a better one for real estate on the mainland. Zhang, whose company is based in Hangzhou, said an expected economic recovery and the release of pent-up housing demand will help the market bounce back in the second half of 2024. China’s real estate sector is estimated to end the year with a total of 12 trillion yuan (US$1.67 trillion) in sales, down 11% from 2022. “The downturn may extend into the first half of 2024, but we foresee a rebound in the second half when the central government’s relief measures take effect,” Zhang said. South China Morning Post
Rental Growth in the U.K. Set to Halve Next Year
The pace of rent increases across the U.K. is set to drop from the current level of 9.7% to 5% in 2024, according to Zoopla. Though many asking rents are still incredibly high, there’s been a spike in rental listings with reductions of more than 5%. London has had the most significant slowdown in rental growth over the past year, down to 9% from 17% a year ago. “The slowdown in rental growth over 2024 will be down to a weaker labor market, slower earnings growth and growing affordability pressures limiting the pace at which rents can rise, particularly in southern England,” said Richard Donnell, executive director at Zoopla. PropertyWire
AROUND NEWS CORP
So Much Empty Office Space, So Few Easy Options [The Wall Street Journal]
The Hampshire Cottage Where Jane Austen Was Nursed Is on Sale for £1.2M [The Times of London]
2023’s Biggest Reality TV Highlights for Chip, Jo, Tarek, the Property Brothers, Barbie, and Others [Realtor.com]
Oprah Winfrey Offers Fans a Peek Inside Her Opulent California Mansion [New York Post]
