Five U.S. Cities Where Luxury Home Buyers Have the Upper Hand This Fall
Amid a post-pandemic slowdown, conditions are ripe for buyers looking for some wriggle room in certain luxury markets. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
East London’s Penthouse Channels Industrial Chic
With its high ceilings and panoramic views of the River Thames, the crown jewel of a waterside development honors centuries of maritime history. Read More
MANSION GLOBAL BOUTIQUE
8 Accent Chairs That Combine Style and Function
Whether you’re drawn toward one-of-a-kind vintage styles or contemporary designs, we handpicked some of our favorite accent chairs that’ll elevate your living space. Read More
NEWS BITES
Chicago Skyscraper by Late Architect Helmut Jahn Tops Out at 788 Feet
A 788-foot tower designed by the late German-American architect Helmut Jahn has topped out in Chicago’s Historic Michigan Avenue District. Sitting on the edge of Grant Park, the project will bring 738 apartments to the area, plus a rooftop observation deck with views of the Chicago skyline and Lake Michigan. A Chicago resident since 1966, Jahn died in 2021 at age 81 after being struck by a car while riding a bicycle outside the city. Dezeen
Australian State of Victoria Sees Largest Share of Landlords Leave Market
Investors in Australia are leaving the landlord business in droves due to rising costs of doing business, with the state of Victoria topping the list for the highest share of investment properties sold off in July. Indeed, 30.1% of sales were properties that had been listed for rent since they were purchased, up from 24.7% in July 2022, and 16.9% in July 2019, according to the latest PropTrack figures. New South Wales followed at 28%, which, like Victoria, was the highest share of investment home sales in the state since late 2018. Queensland, where 27.2% of sales in July were rental properties, was third. realestate.com.au
China’s Evergrande Group Files for Bankruptcy in New York
China Evergrande Group has sought Chapter 15 bankruptcy protection in New York to protect itself from U.S. creditors while it works on a restructuring deal elsewhere. The Chinese property developer—which has liabilities of more than US$300 billion—noted restructuring proceedings are being carried out in Hong Kong and the Cayman Islands, according to its Chapter 15 petition, filed on Thursday. The company’s fate has broad implications for China’s US$60 trillion financial system, and could send ripples across banks, trusts and millions of homeowners. The National News
Drummer Stewart Copeland to Rent Montecito Bungalow for $25,000 a Month
Stewart Copeland, former drummer for The Police, is looking to rent his Spanish-style bungalow in Montecito, California, for $25,000 a month. The three-bedroom, three-bath residence, known as “Casita De Mariposa,” has a neutral palette of white on wood, as well as exposed ceiling beams and oversized windows. The grounds include gardens, oak trees and vines, plus a tiled pool and spa. It’s located in Montecito’s Lower Village area, home to celebrities such as Rob Lowe, Ellen DeGeneres and Oprah Winfrey. Realtor.com
AROUND NEWS CORP
Inside the Slow, Yet ‘Incredible’ Installation of a $78,000 Tesla Solar Roof [The Wall Street Journal]
Will Staging Help Me Sell My House? [The Times of London]
Home Prices and Mortgage Rates End Summer at a High—but Fall Should Bring Buyers Hope [Realtor.com]
Fury Over Millionaire David Wu’s ‘Hotel-Size’ Mansion Plans for Brisbane Street [news.com.au]
