Today's Inside Wealth Report focuses on the lost decade in Manhattan's condo market. Robert Frank joins us right now with more. And this sounds uh like a bit of a story you have to tell here.Not just a story, but uh a pretty concerning one. >> It is because, you know, we hear about Manhattan real estate just going up and up and up and the prices are crazy and there's this affordability crisis, but in fact, onethird of all condo sellers in Manhattan over the past year lost money on their apartments. But it a ...

Exclusive: In Hawaii, a circa-1941 estate with an extensive patchwork of gardens is coming on the market for $34 million. The home is one of the most expensive on the market in the state. https://t.co/tLrVVDJ0Du ...

Armando Codina, a Cuban-American developer known for huge master-planned suburbs in South Florida, is listing his waterfront mansion for $45 million and moving to a luxury rental-apartment building under construction by his company https://t.co/eIkFpipBtG ...

Core Insights - Christie's International Real Estate has added Talamona Real Estate as its newest affiliate in Italy, enhancing its presence in the luxury real estate market in northwest Italy [1][7] Company Overview - Talamona Real Estate, founded and led by Theodor Talamona, is known for its high level of client service and operates in key locations including Luino, Laveno-Mombello, Verbania, and Genoa [2][3] - The affiliation with Christie's International Real Estate will provide Talamona Real Estate with international exposure and referral opportunities through a global luxury network that spans nearly 50 countries [3][4] Market Dynamics - Northwest Italy, particularly the Piedmont and Liguria regions, is experiencing increased interest from U.S. buyers and those outside Europe, highlighting the strategic importance of the Christie's alliance [4] - The Piedmont region is characterized by its historic cities, wine-producing villages, and proximity to Milan and the French border, making it an attractive destination for both international visitors and second home buyers [5] - Liguria, known for its Mediterranean living and historic character, offers access to the Italian Riviera and is strategically located near Monaco and major European transit hubs, appealing to luxury buyers [6]

Core Insights - Christie's International Real Estate expands its presence in Florida by partnering with First Coast, a leading brokerage in Northeast Florida [1][5] - First Coast, established in 2018, has rapidly grown to become a dominant player in the residential market, achieving nearly $1 billion in sales volume in 2024 [3][4] - The luxury real estate market in Jacksonville remains resilient despite a cooling broader market, driven by corporate growth and relative affordability compared to other coastal areas [6] Company Overview - First Coast was founded by Corey Hasting, who transitioned from a potential NFL career to real estate, becoming the youngest licensed partner in Engel & Völkers history [2] - The brokerage has received multiple accolades, including being ranked 314 by RealTrends among over 88,000 brokerages and recognized as one of the Fastest 50 Growing Companies in Northeast Florida [3] Market Dynamics - Jacksonville's luxury segment is thriving, with properties priced from $1 million to over $20 million, indicating strong demand for high-end real estate [6] - A significant $2.5 billion investment in downtown Jacksonville aims to enhance luxury living options, including a waterfront Four Seasons Hotel and Residences [7] Strategic Advantages - The partnership with Christie's International Real Estate provides First Coast agents access to advanced technology, global marketing, and extensive referral networks [5] - Christie's International Real Estate operates in nearly 50 countries, enhancing its global reach and service offerings in the luxury market [8]

Core Insights - A rare piece of land in Toorak, Melbourne, is officially listed for sale with a guide price of AUD 80 million to AUD 88 million [1] - The property spans 6,336 square meters and consists of two combined mansions, owned by Weian Zhang and Miaomiao Zhang, who are associated with V-Leader [1][5] - The couple initially planned to demolish the existing homes to create a modern super mansion but decided to sell the land after purchasing another property [3] Summary by Sections - **Property Details** - The land is located on Lansell Road and is a significant size, being over half a hectare [1] - The combined properties include a larger mansion purchased for AUD 17 million in 2015 and a smaller mansion bought for AUD 22 million in 2021 [5] - The larger mansion features luxury amenities such as a tennis court and an indoor pool, although no internal photos are available [5] - **Market Implications** - The property is unique as it has no heritage restrictions, allowing buyers to construct a new super mansion according to their vision [7] - This listing is considered rare in Toorak, which is known for its high-end residential market, and is expected to attract wealthy buyers looking to build extraordinary homes [7][9] - **Buyer Interest** - The scarcity of large, unrestricted land in Toorak is likely to make this property a focal point for affluent buyers [9] - There is speculation about whether the buyer will be another Chinese investor, reflecting ongoing interest from this demographic in the Australian luxury real estate market [9]

Core Insights - Ayala Land Premier's new luxury development, Laurean Residences, has generated nearly P8 billion in sales prior to its official launch, indicating strong market demand [1] - The development is positioned as the flagship residential tower of Dela Rosa Gardens, a mixed-use district in Makati, following the success of Park Villas in 2023 [2] - The 65-story tower will feature 388 residences, with sizes ranging from 72 square meters to 402 square meters [2] - The development will include over half a hectare of amenities such as pools, private dining rooms, a wine lounge, wellness and spa facilities, a cinema room, and a sky garden [3] - Residents will benefit from hotel-grade property management provided by Ayala Land Hospitality [3] - Ayala Land Inc.'s shares dropped by 40 centavos, or 1.34 percent, to P29.50 on the same day [3]

Commercial Real Estate Market - Kane International manages over $13 billion in assets [1] - The company's 8:30 Brickell development in Miami, totaling over 600,000 sq ft, was fully leased upon closing [2] - Kane International's office block on 57th Street in New York is over half leased and experiencing strong demand [3] - The company focuses on building the best properties in prime cities like Miami and New York [4] - There's a noticeable demand for new, high-quality office spaces with amenities, contrasting with struggling older properties [3][4] Luxury Hospitality - The company is seeing strong demand in luxury real estate, including hospitality and residential sectors, driven by wealth transfer [4][5] - UBS predicts over $80 trillion wealth transfer between generations by 2030, with young people (30-40) spending over $50 billion a year by 2028 [5] - Kane International is reinvesting in the Delano Hotel in Miami Beach, with reopening planned for the first quarter of 2026 [6] - The Beverly Hilton reinvigoration project is valued at over $5 billion, supported by JP Morgan and Vichi, indicating strong demand for luxury residences with privacy, wellness, and security [7][8]

Mubadala Investment Co.’s asset management unit is teaming up with Cain International on a new venture that seeks to deploy billions of dollars into global luxury real estate, according to people familiar with the matter https://t.co/IbygQ2mpYR ...

Even in the rarefied world of luxury real estate, professional hockey player-turned-waste management billionaire Patrick Dovigi stands out for his ability to write big checks and trade multimillion-dollar homes like chess pieces https://t.co/geN1vqVXU4? ...