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☆ Lavish gold-domed penthouse in New York City on sale for $25 million
▼ + stars: | 2024-11-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

CNN —Visitors to New York City’s famed Flatiron Building may have noticed the landmark’s lesser-known neighbor — a narrow high-rise that would be modest if not for its extravagant gold dome. Now, the 5,777-square-foot penthouse that occupies the shimmering dome (and the two-story octagonal cupola it crowns) is on sale for $25 million. The five-bedroom, five-bathroom property sits atop 170 Fifth Avenue, which was built in 1898 and predates the Flatiron Building by four years. The building has been standing four years longer than its famous neighbor, the Flatiron Building. Alexander Alland, Jr. /Corbis Historical/Getty ImagesHaving once contained various businesses, including a publishing house, 170 Fifth Avenue was converted into a condominium at the turn of the millennium.

Persons: Eitan Gamliely, ”, Lawrence Treglia, it’s, Treglia, Robert Maynicke, Maynicke, Jay Maisel, Alexander Alland, Gregory C, Carr, ” Treglia Organizations: CNN, Visitors, New York Times, Tiffany Locations: New York, York, preschools, Mozambique

☆ Vintage photos of Trump Tower show the early days of Donald Trump's New York City headquarters
▼ + stars: | 2024-11-01 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Donald Trump built Trump Tower in 1984 to house luxury condominiums and a shopping center. Vintage photos show Trump Tower under construction and its star-studded opening. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCompleted in 1984, Trump Tower serves as Donald Trump's New York City home and office as well as a landmark tourist destination.

Persons: Donald Trump, Trump, —, Donald Trump's Organizations: Trump, Service, Trump Tower, York City Locations: York

☆ We retired abroad to Cuenca, Ecuador, once the US got too expensive. We still love the expat hot spot 14 years later.
▼ + stars: | 2024-10-31 | by ( Edd Staton | Cynthia Staton | ) www.businessinsider.com time to read: +5 min

We retired early 14 years ago and moved abroad because the US was too expensive. We set our sights on Cuenca, Ecuador, which has moderate weather and is super walkable. Our cost of living is much lower now and we love living here. We can walk everywhereWalkability was huge on our retirement wish list, and Cuenca has been a dream. Cuenca's weather is fantasticAnother feature high on our retirement wish list was a temperate climate.

Persons: —, Cynthia Staton, We've Organizations: Service, Social Locations: Cuenca, Ecuador, Las Vegas

☆ He was stressed out and unfulfilled living in NYC. So, at 25, he left and moved to Bangkok to start anew.
▼ + stars: | 2024-10-28 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Paul Lee, 28, left New York City to move to Thailand in 2021. Life in NYC felt competitive and materialistic, which left him feeling unfulfilled. AdvertisementFour years ago, Paul Lee, 28, left New York City to move to Bangkok. Advertisement"It's already much nicer, bigger, and cheaper than the one I was living in New York City," he added. AdvertisementEven though Bangkok is a vibrant city, the pace of life is still slower than in NYC, Lee said.

Persons: Paul Lee, —, Lee, It's, I'm, Lee isn't, there's, I've, Paul Lee . Organizations: Service, Big Apple, Business, New, Suvarnabhumi, Economist Intelligence Locations: New York City, Thailand, Bangkok, Macon , Georgia, Georgia, South Korea, New York, Thong Lo, SoHo, NYC, Jeju, Lee's, In Thailand, Pattaya, United States

Billionaires Darwin Deason, Michael Dell, and Tony Pritzker are trying to offload homes right now. It can take a long time for extremely expensive or unique homes to find buyers. AdvertisementBillionaires regularly want to offload their homes, but the housing market can present some unique challenges for the wealthiest home sellers. At least two billionaires have found buyers for their homes this fall. A handful of billionaires, however, have homes they're still trying to sell.

Persons: Darwin Deason, Michael Dell, Tony Pritzker, —, Gordon Getty, Getty, Rupert Murdoch's Organizations: Service, of Wings, Media, Fox Corporation, News Corp Locations: Boston, Berkeley, San Francisco, Manhattan, California

☆ I explored Jackson Hole's ultra-luxury hotels and estates. These swanky interior design trends impressed me the most.
▼ + stars: | 2024-10-24 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I spent three days exploring three ultra-luxury properties in Jackson Hole, Wyoming. The establishments highlighted Wyoming's luxury interior design trends. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But until recently, I'd never been exposed to three ultra-luxury properties in just three days. AdvertisementThe whirlwind trip felt like a crash course in Wyoming's luxury interior design trends.

Persons: —, I've, I'd, Jackson Organizations: Service Locations: Jackson Hole , Wyoming, Yellowstone

☆ Giuliani ordered to hand over New York City apartment, Mercedes, luxury watches to defamation victims
▼ + stars: | 2024-10-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The 1980 Mercedes was previously owned by famed actress Lauren Bacall, for instance, and one of the watches belonged to Giuliani's grandfather. Another watch was gifted to Giuliani by the president of France after the Sept. 11, 2001, terrorist attacks, when Giuliani was mayor of New York City. Giuliani repeatedly targeted the two women with false election fraud claims as part of his efforts to overturn Trump's loss to President Joe Biden in the 2020 election. Giuliani filed a Chapter 11 bankruptcy petition to shield himself from sudden financial ruin, but a New York federal bankruptcy judge dismissed his case. Attorneys for Freeman and Moss had noted in a previous court filing that, "Before filing for bankruptcy, Mr. Giuliani had listed the New York Apartment for $5.7 million."

Persons: Rudy Giuliani, Donald Trump, Barrett Prettyman, Joe DiMaggio, Reggie Jackson, Mercedes, Lauren Bacall, Giuliani, Ruby Freeman, Lewis Liman, Joe Biden, Freeman, Moss, Liman, tony Upper Organizations: Washington , DC, Benz, Yankees, Washington , D.C, U.S ., Appeals, Circuit, Republican National Committee Locations: Washington ,, Manhattan, France, New York City, Georgia, Moss, New York, U.S, Side, Palm Beach , Florida

☆ Rudy Giuliani must give control of luxury items and Manhattan apartment to Georgia election workers he defamed, judge rules
▼ + stars: | 2024-10-22 | by ( Katelyn | ) edition.cnn.com time to read: +4 min

Judge Lewis Liman of the federal court in Manhattan said Giuliani must turn over his interest in the property to the women in seven days, to a receivership they will control. The judge’s turnover order of the luxury items is swift and simple, but the penthouse apartment will have its control transferred so Freeman and Moss can sell it, potentially for millions of dollars. The women, who counted Georgia ballots after the 2020 election, will also be entitled to about $2 million in legal fees Giuliani has said the Trump campaign still owes him, the judge ruled. Additionally, the judge ordered that Giuliani turn over his television, items of furniture and jewelry. Neither Giuliani’s spokesman nor lawyers for Freeman and Moss immediately responded to requests for comment.

Persons: Donald Trump, Rudy Giuliani, Ruby Freeman, Shaye Moss, Judge Lewis Liman, Giuliani, Freeman, Moss, Trump, Joe DiMaggio, Mercedes, Lauren Bacall, Liman hasn’t, Tom Williams, Giuliani –, CNN Giuliani, Rudy Giuliani's, Kamala Harris, CNN’s Tierney Sneed, Devan Cole Organizations: CNN, New York, Hollywood, New York Yankees, Republican National Committee, Trump, Fox News Locations: Manhattan, Georgia, New York, Beach , Florida, Florida

☆ Ken Griffin's move to Florida means losing millions on homes he never even lived in
▼ + stars: | 2024-10-21 | by ( Lian Kit Wee | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Ken Griffin's Chicago penthouse — listed for $10 million less than he paid for it — has a buyer. A representative for Griffin said that his real-estate investments in Florida make up for the loss. AdvertisementGriffin and the listing agents for the Chicago penthouse did not respond to requests for comment sent by Business Insider. In 2023, he added, only four properties sold for that amount. AdvertisementAccording to Rafael Murillo, a Compass agent in Chicago, properties that cost eight figures are not a regular occurrence.

Persons: Ken Griffin's, —, Griffin, Ken Griffin, Walton, he's, Zia Ahmed, Michael LaFido, Knight, Rafael Murillo, Murillo, Michael Jordan's, Jordan, LaFido, homebuyers Organizations: Service, Citadel, Cook, Bloomberg, Chicago, Business, Chicago Tribune Locations: Ken Griffin's Chicago, Florida, Chicago, Gold Coast, Lake Michigan, South Florida, Coconut Grove, Miami, Palm Beach, Chicagoland, New York, city's St, Regis, Highland, COVID, Illinois

☆ Inside a high-tech parking garage where robots valet park your car
▼ + stars: | 2024-10-15 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

Five bays equipped with self-serve kiosks provide entry and exit to the building's automated parking garage. Automated parking is a growing trend in high-end real estate where buildings from New York to Miami now come equipped with kiosks, car lifts and car-parking robots. One of five car lifts inside the automated parking system. The AGVs are essentially free roaming, self-charging, robo-parkers that use vision systems, lifts and lasers to precisely park and retrieve cars. An AGV prepares to park a Ferrari inside the Brickell House's automated parking system.

Persons: Ginger Monteleone, Monteleone, ParkPlus, Peter Manis, Manis, Billionaire Palmer Luckey, Luckey, Palmer Organizations: Brickell House, CNBC, Grand View Research, ParkPlus, Brickell, Ferrari, VR, Anduril Industries, Anduril Industries CNBC Locations: Miami, New York, Manhattan, North America, Brickell, ParkPlus Florida, Newport Beach , California

☆ New York Times: Trump made offensive remark about Harris’ mental acuity at dinner with donors
▼ + stars: | 2024-10-12 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump called Vice President Kamala Harris “retarded” while attempting to convince top Republican donors to pour more money in his campaign, The New York Times reported Saturday. According to the Times, the former president’s offensive remark came during a dinner with donors at his penthouse apartment last month. Sources told the Times that Trump was frustrated with fundraising numbers as Harris continues to bring in more cash than his campaign. “If money guaranteed electoral success, Hillary Clinton would have been president,” Trump’s campaign said Saturday in a statement to CNN. “President Trump is in a better financial position than ever before, and he’s leading in the polls,” campaign spokeswoman Karoline Leavitt added.

Persons: Donald Trump, Kamala Harris “, Betsy DeVos, Paul Singer, Warren Stephens, Joe Ricketts, Trump, Harris, Hillary Clinton, ”, he’s, Karoline Leavitt, Joe Biden, ” Harris, “, CNN’s Fredreka, Alayne Treene, Edward, Isaac Dovere Organizations: CNN, The New York Times, Times, “, Twitter Locations: OpenSecret, Pennsylvania

☆ My family endured a terrifying night when Hurricane Milton hit, but we won't move out of Florida
▼ + stars: | 2024-10-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +5 min

Rae told Business Insider the storm hasn't shaken her love for Florida. AdvertisementAllie Rae is a mother, entrepreneur, and OnlyFans creator who said she had to endure Hurricane Milton with her family in their high-rise condominium in Clearwater Beach, Florida. But ultimately, we felt like our best bet was to stock up on food and water, and stay in the high-rise as a family. AdvertisementIt was terrifying knowing there's a wind tunnel in your living roomOn Wednesday night, things started picking up quickly. You could live out in the suburbs of Tampa, but I choose to live on the water and the beach.

Persons: Allie Rae, Rae, —, Hurricane Milton, Milton, Houston —, we're, it's Organizations: Service, Houston Locations: Hurricane Milton, Florida, Hurricane, Clearwater Beach , Florida, Minnesota, London, Clearwater Beach, Tampa

☆ Tim Walz: Heading into the VP debate spotlight, Minnesota governor is fighting nerves
▼ + stars: | 2024-09-28 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

“He’s a strong person,” said Minnesota Sen. Amy Klobuchar, who’s known Walz since they were each first elected to Washington in 2006. (Though the Transportation secretary is not going as method as Harris’ Trump stand-in did and growing out a beard.) Walz and his team want commonsense indignation to come across, according to several in the know. As they monitor how Vance has been fencing with reporters in Q&As after his many events, Walz aides know their approach risks Walz getting rusty. Vice President Kamala Harris and Walz visit with members of the marching band at Liberty County High School in Hinesville, Georgia, on August 28, 2024.

Persons: Tim Walz, JD Vance, Kamala Harris, Harris, Walz, Donald Trump, Vance, “, ”, Minnesota Sen, Amy Klobuchar, who’s, “ He’s, ” Walz, won’t, Alex Soros, “ That’s, Pete Buttigieg, Harris ’ Trump, Trump, pique, Joe Biden, wouldn’t, Mike Pence, Jeff Swensen, who’ve, that’s Harris, Ana Gallardo, Gallardo, “ I’m, Harris –, he’s, Blue Walz ”, doesn’t, Saul Loeb, Adrian Fontes, “ Tim Walz epitomizes, He’s, ” Fontes, don’t, we’ve, Jimmy McCain, Sen, John McCain’s, Joe Manchin, Manchin, Ed Kelly, Paul, Harris ’, Tim Ryan, ” Ryan Organizations: CNN, Trump, Yale, Minnesota, Ohio, Human, High School, Liberty County High School, Getty, White House, Democratic, Republican, InterContinental, Republican US, West, CBS, Senate Locations: Minnesota, Washington, Manhattan, York, Erie , Pennsylvania, exurban, Bethlehem , Pennsylvania, Hinesville , Georgia, Arizona, Pennsylvania, hustling, West Virginia, St, Georgia, New York

☆ Opinion | No Turkish Delight for New York’s Mayor
▼ + stars: | 2024-09-28 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

Cindy Adams, The New York Post gossip G.O.A.T., feted her 94th birthday at her rococo Park Avenue apartment in April. I was mesmerized looking around at an amazing web of scheming New York power brokers. A spidery crop of tabloid Gotham villains uneasily circling one another and eating animal crackers and ice cream in the red-lacquered, Ming dynasty’d-out lair of the tabloid queen. Bill O’Reilly was there with an assistant who was handing out cards awarding a free subscription to his substack. Nearby was Robert Thomson, the top lieutenant and best friend of Rupert Murdoch, the mogul who fired O’Reilly for sexual misconduct at Fox News.

Persons: Cindy Adams, you’re, Joey Adams, Roy Cohn’s louche, dynasty’d, Woody, Yi, Bill O’Reilly, Robert Thomson, Rupert Murdoch Organizations: The New, The New York Post, Gotham, Fox News Locations: The New York, New York

According to Realtor.com, about 19.3% of homes listed for sale saw a price cut in August, easing some pressure off buyers plagued by high mortgage rates. The Fed cut rates last week and is expected to lower them further in the coming months, which should eventually push down mortgage rates and increase homebuyers' purchasing power. This story is available exclusively to Business Insider subscribers. To compile this list, Business Insider scoured Zillow listings. AdvertisementHere's a look at the priciest homes for sale in each state.

Persons: —, Knight Frank Organizations: Service, Business, LA's Bel Air Locations: Manhattan, Los Angeles, Palm, New York, Central, LA's Bel, Florida

☆ Rudy Giuliani owes $300,000 to firm that worked on his bankruptcy case, judge says
▼ + stars: | 2024-09-24 | by ( Katelyn | ) edition.cnn.com time to read: +2 min

But Lane is giving the accounting firm nearly all it sought. “There was an alarming and inappropriate lack of financial transparency by the debtor … which led to the need for this work,” Lane said at a court hearing on Tuesday. Giuliani dropped his bankruptcy case over the summer as the federal judge grew impatient with his lack of financial transparency. Global Data Risk has also been in court trying to collect quickly because the company was brought in to investigate Giuliani’s wealth on behalf of his creditors. Much of the company’s work never became public because Giuliani ended his bankruptcy prematurely.

Persons: Donald Trump, Rudy Giuliani, Giuliani, Sean Lane, Lane, ” Lane, Ruby Freeman, Shaye Moss, Freeman, Moss Organizations: CNN, Former New York City Mayor, New York Yankees Locations: White Plains , New York, Georgia, New, Manhattan, Florida

The payment was listed as a “speaking engagement.”Trump’s latest disclosure form said Melania Trump was paid by the Log Cabin Republicans for the April fundraiser. The source told CNN that Ric Grenell, former ambassador to Germany and a Trump ally, was the one who made the request on behalf of Melania Trump. One person close to Melania Trump said she has decided “my best and highest use is where I am,” adding that “she’s a priceless, timeless asset” for Donald Trump. A spokesperson for Melania Trump declined to comment in response to CNN’s questions. Melania Trump is not the only Trump family member to get paid while in the political spotlight.

Persons: Washington CNN — Melania Trump, she’s, Donald Trump’s, ”, Melania Trump, Charles Moran, Ric Grenell, Trump, Grenell, Virginia Canter, Canter, “, it’s, Donald Trump, John Paulson, “ She’s, ’ ”, Stephanie Grisham, ” Grisham, Kimberly Guilfoyle, Trump’s, Donald Trump Jr, Bill Clinton, Hillary Clinton, Barack Obama, Joe, Jill Biden, Michelle Obama, Laura Bush, Hunter Biden, CNN’s Fredreka Schouten Organizations: Washington CNN, CNN, Melania, Trump, Republican National Convention, Trump White House, House, White, Secret, Capitol, ”, Politico Locations: Germany, Florida, California, Palm Beach , Florida, Palm Beach, Butler , Pennsylvania, Manhattan

☆ How real estate's Alexander brothers got away with decades of alleged sexual assault: 'They are a menace.'
▼ + stars: | 2024-09-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +34 min

Even as teenagers, the three Alexander brothers were notorious for being predatory, according to multiple people who knew them at the time. AdvertisementHofeldt said she'd seen the Alexander brothers around at parties before she met them during the 2003-2004 school year. Several months after the assault, Hofeldt invited the brothers' friend Julian Cohen to her house in the middle of the night. Oren Alexander and Howard Lorber at a party at Sir Ivan's Castle in the Hamptons in July 2011. The Alexander brothers have been accused by multiple people of assaulting women in tandem on numerous occasions.

Persons: she'd, Oren, Alon Alexander, Alon, —, Aaron Davidson, Alexander, Tal, Douglas Elliman, Kate Whiteman, Rebecca Mandel, Whiteman, Mandel, Angelica Parker, Renée Willett, Evan Torgan, Hunter Abrams, James, Shlomy, Orly, Michael M, Abby Hofeldt, choo, Rae Rae, Hofeldt, clotheslined, Gavin, they'd, Hofeldt's, Margo Hofeldt, Abby, Julian Cohen, Felix Cohen, Shlomy Alexander, Elliman, Douglas, Howard Lorber, Lorber, Oren Alexander, Steven Henry, Sir Ivan, Howard, Howard's, Oren's, James Ferraro, Ferraro, Ken Griffin, Bart's, Dina Goldentayer, Sean Zanni, Patrick McMullan, Barbara Fox, Beckford, Fox, Douglas Elliman's Erik Schneider, Jeff Miller, Brown Harris Stevens, Ken Griffin's, Griffin, Tal didn't, Douglas Elliman's, Gary Hershorn, Tal masturbated, texted Oren, Oren didn't, hadn't, Justin Ross Lee, he'd, Scott Roth, Lee, Matthew Peyton, Beth, Alon messaged Beth, Instagram, Beth messaged Alon, Beth Beth's, Floyd Mayweather Jr, Conor McGregor, Michael Stern, Stern, Mayweather, McGregor, Marc Patrick, what's, Sara Militello, Nicole Oge, Deanna Paul, Daniel Geiger Organizations: East Hampton, Business, Getty, Deal, FBI, Street Journal, Kent Security, Krop, High School, North Miami Beach, Miami Country Day, Miami Country Day School, Bacardi, University of Colorado, University of Maryland, Hofstra University, Sir, Hamptons, Manhattan, Forbes, Miami Beach, Douglas Elliman's, Real, New York Fashion, Art Basel, Vogue, Bath Club Estates, New York, Fox Residential, Board, New, Faena, Street, BI, Miami Herald, Tal, Peaceman Productions, UFC, Las Vegas, JDS, Brooklyn Tower, Stern of JDS, New York Post Locations: Long, Florida, Soho, Las Vegas, New York City, New York, Miami, South Florida, Orly Alexander, Israel, North Miami, Krop, Aventura, Hofeldt, Boulder, Sir Ivan's, Manhattan, Dominican Republic, Malibu, St, Brazilian, Elliman, Bath, New, Corcoran, Southampton, Water, East Hampton, Instagram, Teterboro , New Jersey, Las, Vegas, Teterboro, Brooklyn, what's

☆ Sales of $10 million homes surge in Palm Beach and New York
▼ + stars: | 2024-09-10 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

Sales of ultra-luxury homes surged in New York, Miami and Palm Beach, Florida, in the second quarter, even as they fell in much of the rest of the world, according to a new report. The number of homes that sold for $10 million or more in the second quarter jumped 44% in Palm Beach, 27% in Miami and 16% in New York, according to a report from real estate firm Knight Frank. New York led the U.S. in $10 million-plus sales, with 72, its highest total in two years, according to the report. Miami came in second with 55, followed by Los Angeles with 42 and Palm Beach with 36. In June, a historic 3.2-acre estate in Palm Beach sold for $148 million, while in Manhattan, the penthouse of the Aman New York was sold for $135 million in July.

Persons: Robert Frank, Knight Frank, Michael Dorrell, Aman Organizations: Palm, Miami, Palm Beach, Wall Street Locations: New York, Miami, Palm Beach , Florida, Palm Beach, U.S, Los Angeles, Manhattan, York

☆ David Copperfield Vanished. The Problem of His Penthouse Remains.
▼ + stars: | 2024-08-23 | by ( Michael Wilson | ) www.nytimes.com time to read: 1 min

The new penthouse owner arrived at the stately Galleria building in Manhattan practically unnoticed, as if standing on a dark stage just before the curtain is raised. “I think I heard it from my neighbor, who heard it from the concierge,” said Emma Ruth Yulo-Kitiyakara, 78, a former resident in the building. David Copperfield was moving in. Years later, the building’s residents would be well aware — painfully aware — of the world-famous magician’s sprawling, four-floor penthouse apartment. It seemed to transform before their eyes from a showpiece of great wealth to an embarrassing eyesore to a leaky health hazard.

Persons: ”, Emma Ruth Yulo, David Copperfield Locations: Manhattan, “

☆ David Copperfield accused of trashing his $7 million NYC penthouse in new lawsuit
▼ + stars: | 2024-08-08 | by ( Geoff Weiss | Jordan Pandy | ) www.businessinsider.com time to read: +1 min

Celebrity magician David Copperfield is being sued by his condo board. The suit accuses Copperfield of neglect that has resulted in millions in building damages. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFamed magician David Copperfield is being sued by the board of his New York City condo, which claims he trashed his penthouse upon moving out in 2018 and let it "devolve into a state of utter disrepair."

Persons: David Copperfield, Copperfield, — Organizations: Service, New, Business Locations: New York City

☆ Trump will no longer send out his statements of worth
▼ + stars: | 2024-07-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

"Based on discussions with the Trump Organization, my understanding is that the Trump Organization does not intend to develop any estimations of value for any entity, the Trump Organization as a whole, or the guarantors' collateral," Jones wrote. Donald Trump no longer intends to calculate his own net worth for financial statements, this excerpt from a new report reveals. He has issued these net-worth statements — 20- to 30-page balance sheets formally called Statements of Financial Condition — since at least 2004. The firm declared the whole previous decade's worth of net-worth statements unreliable in 2022, saying it would stop preparing them. New York attorney general's officeThroughout the decade's worth of net-worth statements, Trump ignored generally accepted accounting principles, the AG and judge found.

Persons: —, Letitia James, Donald Trump, Trump, Barbara Jones, Jones, Arthur Engoron, James, Donald Trump's, Forbes, it's, Engoron, James ' Organizations: Service, New York, Business, Trump Organization, Trump, Forbes, Buffalo Bills, Deutsche Bank, Mazars, Post Locations: Washington ,, Mazars USA, Miami, Chicago, Manhattan, . New York, New York

☆ Sales of $100 million homes set to double this year as trophy properties recover
▼ + stars: | 2024-07-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.

Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California

☆ These Brothers Were Real Estate Hotshots. And Predators, Some Women Say.
▼ + stars: | 2024-07-24 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

With a knack for brokering luxury properties, Tal and Oren Alexander, brothers who worked as real estate agents, rose as high as the New York City penthouses they sold. They built an image as jet-setting bachelors, filling their social media feeds with photos from Wimbledon, Art Basel and the beach in Mykonos. Their traditional good looks and magnetism attracted ultrarich clients who propelled the brothers past thousands of other agents to the very top of the ranks at Douglas Elliman, one of the largest real estate brokerages in the country. But as the brothers partied and sold co-ops and condos from Manhattan to Miami, they were quietly earning another reputation: Accusations that they drugged and sexually assaulted women were spreading throughout the world of high-end real estate. By 2022, they had co-founded their own real estate brokerage, Official.

Persons: Tal, Oren Alexander, Douglas Elliman, Oren Organizations: New, Art, Douglas Locations: New York City, Wimbledon, Art Basel, Mykonos, Manhattan, Miami, United States

☆ These apartments go for more than $100,000 a month. Why the superrich are deciding to rent rather than buy.
▼ + stars: | 2024-07-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

AdvertisementIn doing so, they have etched out a new niche at the most rarefied heights of the residential market, in part by persuading buyers who might have lavished millions of dollars – or more – to rent instead. Rental projects, on the other hand, while less lucrative upfront, offer more stability for owners with a long time horizon. It recently reconsidered the plan based on the success of the building's rentals, Aries said, and is now offering the penthouse unit for rent. A guest room at a Maison Hudson luxury apartment Kira Turnbull for The CollectionBased on the success of Maison Hudson, Wainbridge is planning identical projects in Los Angeles and Miami Beach, according to Oudinot. Advertisement"The demand is thin and high and very volatile" at the top of the residential market, according to Nancy Packes, a real estate advisor and broker.

Persons: —, Ken Griffin, –, Maison, Tyrone McKillen, McKillen, Maison Hudson, Kira Turnbull, Jay, Beyonce, Erin Boisson Aries, Douglas Elliman, Aries, Maison Hudson Kira Turnbull, Maison Hudson's, Mikhail Kurnev, Kurnev, Jacques Oudinot, Barths, Oudinot, Wainbridge, Nancy Packes Organizations: Service, Business, Maison Hudson, Bel Air, Wainbridge, Miami Locations: Manhattan, West, Los Angeles, Maison, London, Fasano, Paris, Saint, St, Maison Hudson, Miami Beach

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