The Luxury is in the Details
In an article titled Paying Top Dollar for Condos, and Leaving Them Empty the NYTimes takes a look at some of the high-end luxury buildings in New York City only to discover that many of the buildings aren't very full because many of the owners use the homes as secondary residences or purchased the property for reasons not related to living there. It's a phenomena that I've encountered on many occasions when working with buyers looking at luxury condominiums in San … [Read more...]
Millennium Tower, hot on the heels of The Madrone selling out earlier this week, has announced that they are down to 10 remaining homes to be sold as new from the developer, Millennium Partners. When this building originally hit the market, it was at the bottom of the market. But the sales office has been very strategic in managing their inventory, and residences in the building have been moving very quickly for the past year. As of today, ten homes remain. But just a … [Read more...]