luxury: Luxe downtown condos skirt housing bust...in Boston - 01/06/07 09:29 PM
Source Boston Globe:
By Kimberly Blanton, Globe Staff | January 6, 2007
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Massachusetts real estate may be in the midst of its steepest downturn since the 1990s, but luxury condominium sales in downtown Boston barreled along at near-record levels, according to preliminary 2006 estimates released yesterday by Otis & Ahearn, a Boston brokerage firm.
Both sales of $1 million-plus condos and sales of condos costing more than $1,000 per square foot will approach 2005's record sales in Boston's high-end market, the firm said.
"The accumulation of wealth has been dramatic," said Kevin Ahearn, president. "We're seeing it in the stock market, and we're seeing it … (0 comments)
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luxury: Chicago based Centrum Properties - 01/04/07 02:25 PM
Centrum Properties is one of Chicago's largest and most respected urban real estate developers. Formed in 1980, Centrum is a full service real estate company, focusing on the development of distinctive residential and commercial properties. Although metropolitan Chicago has been the heart of its development, Centrum's portfolio now includes projects in Washington D.C., Manhattan, Hollywood Beach, Miami, Tampa, Orlando, Sarasota, Boynton Beach, Boston, St. Louis, Kansas City, and San Francisco.
Chicgao Condos:
The Fairbanks at CityFront Plaza Lofts
… (2 comments)
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luxury: No Slump for sales $5M + in Chicago - 12/20/06 01:47 PM
The Chicago ultra luxury market hasn't slowed down one bit. Chicago has had 47 homes priced at $4M + close in 2006 and nationally sales are up 11% for homes over $5M.
"People don't purchase a luxury home because they need a roof over their heads," said Paul Boomsma, who heads the Luxury Portfolio program for Leading Real Estate Companies of the World, a Chicago-based marketing network for brokerages."They're looking for other things--pleasure in a home, which comes in the form of luxury amenities as well as a certain cachet, such as the architecture or location--the penthouse of a building, for … (8 comments)
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