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☆ Aston Martin opens 66-story residential tower in Miami
▼ + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com time to read: +5 min

CNN —Miami has a new addition to its skyline – a 66-story residential tower built by Aston Martin, marking the British luxury sports carmaker’s first foray into the residential real estate market. Comprising of 391 units, Aston Martin Residences Miami sits at the mouth of the Miami River on Biscayne Bay, the firm said in a statement Tuesday. Aston Martin touchesHomeowners are able to customize their interior space with the help of the Aston Martin design team, with three style packages – Timeless, Covert and Indulgent – drawing on the company’s British heritage, as well as the building’s context. Aston Martin Residences MiamiAston Martin said that 99% of the properties sold before the building was completed. Aston Martin isn’t the first luxury carmaker to enter the residential property market.

Persons: Aston Martin, Rodolfo Miani, Bodas Mian Anger, ”, Aston, Germán Coto, “, Coto, Marek Reichman, Reichman, ” Reichman, you’ve, Aston Martin Residences Miami Aston Martin, Aston Martin Vulcan, Aston Martin isn’t Organizations: CNN, Miami, Aston Martin Residences Miami, G Business, Formula, Prix, Martin Residences Miami, Aston Martin Residences, Aston, Aston Martin, Aston Martin Residences Miami Aston, Residences Locations: Miami, Biscayne Bay, jacuzzis, cabanas, Bentley, Sunny, Beach , Florida

☆ I tutored the children of Russia's elite amid the backdrop of war. One teenager said he had his own massage therapist.
▼ + stars: | 2024-03-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The agency counted some of Russia's elite among its clientele — so I was quickly thrust into a world of private jets, guarded estates, and personal chauffeurs. I worked in Moscow until Russia's full-scale invasion of Ukraine in February 2022, when I was relocated to Monaco. I have a massage every day, I have my own massage therapist," he told us. AdvertisementBut the children often brought the topic up themselves, their comments ringing with the ideology they had likely absorbed at home.

Persons: —, Cameron Manley, Barts, Vladimir Putin, Ivan, Alexei, Elena, It's, Philippe Jacquemart, Jorg Greuel, Putin, Sasha Mordovets, getty, wryly, Elizaveta Organizations: Service, Business, Monaco penthouses, Monaco, Mandoga, Getty, Mercedes, Benz, United Arab, Russia's, Sirius Locations: Moscow, Ukraine, Monaco, St, Caribbean, Rublevka, Saint, Nice, France, Russia, United Arab Emirates, Dubai, Russian, Sochi, Kyiv

☆ Why Bulgari and Armani are building designer homes in Dubai
▼ + stars: | 2024-02-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —Armani… Bulgari… Versace…The list reads like the directory of a designer shopping mall. It has more luxury branded residences than anywhere else in the world, knocking South Florida, the sector’s longstanding leader, off the top spot last year. On average, branded residences command a 30% premium compared to similar-quality properties in the same location. The deposits for off-plan purchases can often amount to more than $1 million for prime real estate. “There is a big appetite from both buyers as well as the developers, to continue with branded residences,” said Piro.

Persons: CNN — Armani, Bulgari … Versace, Savills, ”, Patricia Viel, ” ACPV, Bulgari, Viel, Faisal Durrani, Knight Frank Middle, Knight Frank’s, Knight Frank, it’s, Durrani, Rosa Piro, Tadao Ando, Arada, Piro, Armani, Giorgio Armani, Arada Durrani Organizations: CNN, Villa, ACPV, Neverending, Bulgari, Michelin, Resorts, Knight, United Arab, “, Armani, Jumeirah Locations: Dubai, South Florida, Milan, there’s, Aspen, Miami, Algarve, Bahamas, United Arab Emirates

☆ My secret to traveling on a budget costs $129 a year. I've used it to stay in waterfront homes and mansions for free.
▼ + stars: | 2024-01-15 | by ( Courtenay Rudzinski | ) www.businessinsider.com time to read: +5 min

I got my gigs with Trusted Housesitters, an international house-sitting platform that's $129 a year. The answer came to me when several avid travelers in my online groups suggested I try Trusted Housesitters, an international house-sitting and pet-sitting platform. Joining seemed like a great travel hack to stay almost anywhere for free. Now that I've done over 20 successful sits, owners often skip this step and book me based on my application alone. AdvertisementI'm thrilled I discovered Trusted Housesitters, and I plan to use it well into my retirement years.

Persons: —, Housesitters Courtenay Rudzinski, I'd, they'd, Courtenay, Courtenay Rudzinski, Jack Russell Terrier, I've, Courtenay Rudzinski I've, I'm Organizations: Service Locations: East Coast, penthouses, Texas, Maine, Houston, Freeport, East, Asheville, North Carolina, Virginia, New Jersey, New York City, Vermont

☆ Dubai penthouse sells for record $136 million
▼ + stars: | 2023-12-05 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —A five-bedroom penthouse covering almost 22,000 square feet has sold in Dubai for 500 million UAE dirhams — just over $136 million — setting a new record for one of the world’s busiest luxury real estate markets. Record salesThe previous record for a penthouse sale in Dubai dates back just a few months, when an apartment occupying the top floor of the Marsa Al Arab Hotel sold for 420 million UAE dirhams (about $114 million). According to Provident Estate, the penthouse at Como Residences is the third most expensive in the world, after Penthouse D at One Hyde Park in London, priced at $237 million, and the Odeon Tower Penthouse in Monaco, priced at $440 million. Shutterstock Palm Jumeirah also boasts the first monorail in the Middle East, which opened in April 2009, and connects the Palm to Dubai's mainland. But when it comes to the asking price for a penthouse, the view is one of the key drivers.

Persons: CNN —, Nahkeel, Karim Sahib, Giuseppe Cacace, Shutterstock, Kamran Jebreili, ”, Chris Boswell, he’s, ” Boswell, “, it’s Organizations: CNN, UAE dirhams —, Jumeirah, Provident Estate, Marsa Al Arab, UAE, Como Residences, Penthouse, Dubai Marina, Getty, Burj Locations: Dubai, Como, Marsa, Hyde, London, Monaco, Burj Al Arab, Burj, Eastern Europe, Dubai's, Nakheel, AFP, Karim, Burj Al, United States, Italy, France

☆ Why NYC's Airbnb ban is 'a slap in the face to people like me'
▼ + stars: | 2023-11-14 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

A New Yorker rented out their spare bedroom on Airbnb for years, bringing in up to $4,000 a month. Under NYC's new short-term-rental rules, they didn't qualify for a license but are still renting. But the ban is a slap in the face to people like me. I got a notification this summer in the Airbnb profile that I had to apply for a license by September 5. I still have it listed on Airbnb for month-long stays, but short-term stays are how you make money.

Persons: —, it's, I've, Airbnb, I'm, That's Organizations: Yorker, Service, New, New York City, Craigslist Locations: New York, New York City, California

☆ Ivanka Trump to testify Friday in the NY civil fraud trial – here's how she can hurt her father and brothers
▼ + stars: | 2023-10-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

On Friday, Trump's NY fraud-trial judge ruled Ivanka Trump must testify next week. Lawyers for the New York attorney general's office, who plan to call Ivanka Trump to the witness stand on Friday at their ongoing, $250 million Trump fraud trial, agree it was quite the deal. Her testimony at the non-jury trial could prove highly damaging to her father and two eldest brothers, Donald Trump, Jr., and Eric Trump – Trump Organization vice presidents who, like their father, are defendants in James' lawsuit. "Ivanka Trump tried to negotiate the number down to 2 billion," Wallace said in openings, "before agreeing to 2.5 billion." But during the same period, Donald Trump's net worth statements valued the exact same unit at $20.8 million.

Persons: Trump's, Ivanka Trump, —, Donald Trump's, Kevin Wallace, James, Letitia James, Donald Trump , Jr, Eric Trump, Trump, She'll, Wallace, Donald J, Jared Kushner, Donald Trump Organizations: Deutsche Bank, NY, Service, New, Trump, Eric Trump – Trump Organization, Trump White House, Trump Organization, Deutsche, Post, General Services Administration Locations: Miami, New York, Florida, Washington ,, Chicago, Washington, Manhattan

☆ Take a look inside Florida's new golf course that boasts a $1 million membership fee and private yacht club
▼ + stars: | 2023-10-07 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

South Florida is getting its first new private golf course in 25 years. The Shell Bay Club in Hallandale Beach will cost a staggering $1 million membership fee. But, it'll reportedly cost you a whopping $1 million membership fee to join. Curated by Witkoff Group and PPG Development, the luxury club will cost you a staggering $1 million membership fee, CNN reported. Take a look inside the upcoming luxury golf course below.

Persons: —, it'll Organizations: Shell Bay, Service, Shell Bay Club, Witkoff Group, PPG, CNN, Auberge Resorts Locations: Florida, Hallandale Beach, South Florida, Miami, Hallandale Beach , Florida

☆ Shell Bay Club: The private golf course with a $1 million membership fee
▼ + stars: | 2023-10-06 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —A world-class golf course, a racquet center, a private yacht club, and much more – all yours to enjoy, so long as you have a spare million dollars lying around. “It will be a place where you can totally immerse yourself in the game.”Immersion comes at a price, however, with membership initiation fees for The Shell Bay Club coming in at $1 million. Tenants living in the 108 residences and penthouses that make up the 20-story condominium tower overlooking the course receive automatic social club membership, with the option to pay the additional fee for the golf course. By contrast, initiation fees for Georgia’s Augusta National Golf Club, host of The Masters, range from $250,000 to $500,000, according to Forbes in 2021. Shell Bay ClubShell Bay Club members also have access to a range of amenities, including admission to the Shell Bay Yacht Club, which offers a 48-slip private marina to give residents with private vessels and charters direct access to the Atlantic ocean.

Persons: ”, Greg Norman, Bill Hornstein “, ” Norman, Alex Witkoff, — Organizations: CNN, Shell Bay, Witkoff Group, PPG, Shell Bay Club, Georgia’s Augusta, Golf Club, Forbes, Shell, Yacht, Auberge Locations: Hallandale Beach, South Florida, Intracoastal, Australian, Shell, Miami

☆ Architects are cutting big holes in the middle of skyscrapers and adding more floors to turn empty NYC offices into apartments
▼ + stars: | 2023-09-10 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

A developer and an architect explain how they transformed NYC financial district office buildings. But some developers and architects have used the opportunity to lean into a business model they'd been pursuing long before COVID-19: turning empty office buildings into housing. They're currently finishing up their transformation of 160 Water Street, a 1970s office tower in lower Manhattan that will become 586 apartments. AdvertisementAdvertisementThe exterior of 160 Water Street, a former office building that's undergoing full reconstruction to create nearly 600 market-price apartments. Rent at 160 Water will range from about $3,500 for a studio apartment up to $7,500 for a two-bedroom.

Persons: they'd, They're, Vanbarton, Eric Adams, Joey Chilelli, Robert Fuller, Fuller, Lev Radin, Chilelli, — Organizations: Service, Vanbarton Group, New Locations: NYC, Wall, Silicon, York, Manhattan, New York

☆ Vodka Vaults and Human Centerpieces: Real-Estate Pros Dish on Over-the-Top Open Houses
▼ + stars: | 2023-08-03 | by ( Robyn A. Friedman | ) www.wsj.com time to read: +1 min

So, we decided to throw what we called a “vodka vault party” to encourage people to sample vodka on the terraces. We hired a fabulous bartender and offered the guests vodka tastings from brands such as Anestasia, Barr Hill and Purity. We also hired a DJ, and by the end of the evening, everyone was dancing in their faux fur. The penthouses sold a few months later. One sold in August 2016 for $1.625 million, and the other in September 2016 for $2.999 million.

Persons: Samantha Rose Frith, Coldwell Banker Warburg, Joel Moss, Barr Organizations: Coldwell Banker Locations: New York City, Chelsea

☆ Why we should build cities that are kind to nature
▼ + stars: | 2023-07-31 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For Call to Earth Day 2023, we will focus on the vital link between urban areas and wilderness, and shed light on the impact cities have on distant natural spaces. Here, we explore how our cities can be part of the great tapestry of habitats on Earth. The feral flock is thought to represent around 10% of the remaining population, showing how cities can be safe spaces for wildlife. Letting animals moveThrough the sprawl of cities, animals increasingly encounter challenges in navigating their once-open territories. By blending the urban and natural worlds, these buildings can become a crucial part of the solution to create greener cities for future generations.

Persons: Noemi Cassanelli, ” Organizations: CNN, Park, Getty, International Locations: Varanasi, Hong Kong, Banff, Fukuoka, Japan

☆ 'A massive record-breaker': A plot of sand the size of half a football field just sold for $34 million on a luxury Dubai island
▼ + stars: | 2023-04-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A plot of sand in Dubai half the size of a football field sold for $34 million, per Bloomberg. The 24,500 sq ft plot — about half the size of a football field — is on Jumeirah Bay Island, a man-made island in the shape of a seahorse. Jumeirah Bay Island is man-made, like the World Islands and Palm Jumeirah. GooglePrices on Jumeirah Bay Island are so expensive because there were only 128 plots originally put on offer. By comparison, there are thousands of homes on the tree-shaped Palm Jumeirah island, and 300 in the World Islands archipelago.

☆ UK's Bellway to buy back shares, hike social housing output
▼ + stars: | 2023-03-28 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Chief Executive Jason Honeyman told Reuters the company started hastening construction in its social housing programme in October after a demand slump. Honeyman said homes built in the programme would make up more than quarter of overall output in the fiscal year ending on July 31. Bellway, which builds everything from one-bedroom apartments to six-bedroom family homes and luxury penthouses, said there was a moderate improvement in bookings since January. Bellway shares edged up about 1% in morning trade. ($1=0.8121 pounds)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Luxury developers in Los Angeles bet someone will pay record prices for these condos
▼ + stars: | 2023-01-31 | by ( Ray Parisi | ) www.cnbc.com time to read: +11 min

According to the building's website, the crown-jewel residence delivers almost 13,000 sq ft of indoor living area and nearly 6,000 sq ft of outdoor space. According to Eklund, the package deal brings the total interior footage to somewhere around 13,000 sq ft with an additional 6,000 sq ft outside. Building amenities include an over 12,000 sq ft outdoor area with pool, fireplaces and dining area. Her mega-deal spanned 15,500 sq ft at a price per sq ft of almost $2,250. On Central Park, he said, trophy condos have surpassed $10,000 and even $12,000 a sq ft. "That happens a lot, so is Los Angeles undervalued still?

Downing Street referred requests for comment to the business ministry, which oversees Companies House, Britain’s public registry of companies. And, in most cases, if foreign companies purchased the property before 1999 or hold UK property in a trust they don’t need to publicly disclose the beneficial owners. The Cyprus-based company, A. Corp Trustee Limited, wasn’t listed on Britain’s new property register as of Tuesday morning. A listing on the UK’s new property register for Hanley Limited identifies the beneficial owner as a Swiss company called Pomerol Capital Sa. Ravellot also wasn’t on the new property register.

☆ Here's how the Trump family spends their billions, from a $11 million beachfront estate in St. Martin to a $15 million fleet of private aircraft
▼ + stars: | 2022-11-24 | by ( Hillary Hoffower | John L. Dorman | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump's net worth is estimated to be $3.2 billion, according to Forbes. Combine that with the reported individual net worths of the Trump children, and the entire Trump family could be worth over $4 billion. And that's not to mention the individual net worths of his adult children: a reported $25 million each for both Donald Trump Jr. and Eric Trump, according to Forbes; and a reported $600,000 for Tiffany Trump, according to Cheat Sheet. Ivanka Trump, who runs her own business, has the largest net worth of all the children. From pricey penthouses and expensive schooling to high-end shopping and a full-on aviation fleet, here's how they spend their money.

☆ Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO's report
▼ + stars: | 2022-11-17 | by ( Rohan Goswami | ) www.cnbc.com time to read: +5 min

Penthouses, perks and personal items"In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors. Other reports have detailed lavish perks allegedly given to FTX employees in the Bahamas. Ray's filing indicated that corporate funds were used to purchase homes for employees and advisors, sometimes in their name. For example, employees of the FTX Group submitted payment requests through an online 'chat' platform where a disparate group of supervisors approved disbursements by responding with personalized emojis." It isn't immediately clear what platform FTX used, although the company is known to have used Slack for internal communications.

☆ More Americans are living and working in Mexico. Where does that leave the locals?
▼ + stars: | 2022-11-12 | by ( Jaylinn Herrera | Jaylinn Herrera Is A Nbc News Associate With The Nbc National News Desk. | ) www.nbcnews.com time to read: +6 min

Mexico City has seen an influx of people migrating to the historic metropolis, especially during the pandemic when remote work made it possible to work from different places. Currently, 1.6 million Americans live in Mexico, according to the State Department, and Mexico City is the fifth rated destination for digital nomads globally, according to nomadlist.com. He emphasized Mexico City isn’t cheap, but in comparison to other countries digital nomads are migrating from, it’s considerably more affordable. “If you’re making your salary in U.S. dollars, pounds, Canadian dollars, you’re better off living in Mexico City.” Romero said. He believes those areas with higher numbers of digital nomads are already economically out of reach for most of the locals.

☆ A couple used the empty Florida mansions of top Venezuelan officials to defraud banks of almost $10 million, report says
▼ + stars: | 2022-10-14 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

A couple used the empty Florida mansions of top Venezuelan officials to defraud banks. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA couple used the empty Florida mansions of top Venezuelan officials to defraud banks of almost $10 million, The Wall Street Journal reported. The Trump administration had sanctioned or indicted top Venezuelan officials and associates in 2019, which gave Castañed the idea of targeting mansions and penthouses in Miami owned by Venezuela's elite. With the help of fake passports, Castañeda and Martusciello, as well as their accomplices, impersonated four property owners. They then got banks to lend them almost $10 million against the homes and had the money wired to bank accounts they controlled.

☆ A travel planner for the ultrawealthy shares what goes into organizing $800,000 trips to exclusive locations
▼ + stars: | 2022-10-13 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +9 min

Jules Maury is the head of Scott Dunn Private, an ultraexclusive division of a luxury travel firm. She was raised in a wealthy family and learned how to plan luxury trips by taking them herself. Jules Maury was 12 when she made her first hotel booking. She handles trips for the world's wealthiest people along with a team of four travel advisors and six booking specialists. But even an expert travel planner lacks some knowledgeMaury still relishes the chance to travel, and she spends much of the year on the road, often attending luxury travel shows like ILTM in Cannes or Pure in Marrakech.

☆ An exclusive Miami island is getting a slew of $30 million-plus condos — and you have to be invited to buy them
▼ + stars: | 2022-09-22 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +3 min

Related Group and its partners have closed on the last developable parcel of land on Fisher Island. Fisher Island, a seven-minute ferry ride south of Miami Beach that sits at the intersection of Biscayne Bay and the Atlantic Ocean, has long been the stomping ground of the elite. Wealthy people can be discreet about their mansions, but we know that Oprah, Julia Roberts, and Mel Brooks are former Fisher Island residents. The enclave has also won some superlatives: Bloomberg determined Fisher Island was America's wealthiest ZIP code in April 2018, with an average income of $2.5 million in 2015. Fisher Island made headlines in 2020 for nabbing COVID-19 antibody tests for all the residents of its about 800 homes in the early days of the pandemic.

☆ Insider Life: Rich nab NYC penthouses — Rolex's rise — Lavish post-pandemic weddings
▼ + stars: | 2021-08-20 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

We're back just in time for the weekend with some of our best stories spanning real estate, retail, and lifestyle. Today, we're bringing you the latest on NYC's penthouse sales, Rolex's rise to the top, and lavish $200,000 post-pandemic weddings. Rolex's path from humble origins to the top luxury watch brand. Gary Hershorn/Getty ImagesRich people are scooping up more New York City penthouses now than any other time in the last 14 years. Here's what that means for Manhattan real estate.

☆ Here's how the Trump family spends their billions, from a $11 million beachfront estate in St. Martin to a $15 million fleet of private helicopters and airplanes
▼ + stars: | 2020-06-15 | by ( Hillary Hoffower | John L. Dorman | ) www.businessinsider.com time to read: +2 min

Loading Something is loading. The Daily Beast reported that the book will include Mary Trump's claim that she supplied The Times with confidential family tax documents. Trump's net worth is currently estimated to be $2.1 billion — down an estimated $1 billion since the pandemic. Ivanka Trump, who runs her own business, has the largest net worth of all the children. From pricey penthouses and expensive schooling to high-end shopping and a full-on aviation fleet, here's how they drop their millions and billions.

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