
By the end of May, Sotheby’s International Realty Portugal will open its first office in the Algarve, utilizing key assets and reputation for quality customer service established by its partner Atlantic Estates. Officially dubbed Sotheby’s International Realty Vilamoura, the new venture will offer consultancy services to the central Algarve, from Albufeira to Faro, including the highly-desired area known as the “Golden Triangle,”...

International real estate investment and services company Kennedy Wilson announced that it offered and sold 19 units of Northshore, a condominium project located in Tempe, Arizona, and 47 units of John Ross, a condominium project located in Portland, Oregon. The units were sold through two separate auctions conducted by the company on Saturday, April 10th and Sunday, April 11th at the Fairmont Scottsdale and the Hilton Portland & Executive Tower,...

Engel & Vôlkers North Mallorca and Menorca, Spain opens their first real estate office in Punta del Este, Uruguay. In this major strategic move, E&V are expressing their confidence in the international real estate market which continues to recover from economic downturn, with an increasing number of people seeking their place in the sun. Since the early 1960’s, Punta del Este has made its mark on the international “jet set”...

SMT Residential Design welcomes the year 2010, another whole year to look up to in the real estate industry. We hope that the economic uncertainty of the year 2009 will be a thing of the past. There are indications that we are on the road to recovery as stock markets all over the world have incurred robust rebounds. It is but appropriate for us not to increase our prices for our old and new customers, this is how we have weathered the crisis and will...

The company, which launched to global acclaim on January 1 2006, said that the two projects demonstrate the strength of the real estate projects in the Holy Cities, set to be further developed over the next decade. The Al-Tilal Project in Madinah allows Muslims from all over the world to purchase permanent villa homes nearly 10 kilometres from the Prophet’s Mosque. The Royal Clock Tower is the central tower in the Abraj al-Bait Project, 50...

Keter Invest has decided to reduce prices despite the fact that even in ongoing global economic crisis the prices of real estate on Croatia Coastline remained the same and are now even growing. The real estate prices in Croatia are growing because of the positive tourism trends in Croatia. Keter Invest started building a Luxury Villas resort a year ago under a trademark Fameya. The resort consists of 22 luxury villas which are in the vicinity of...

A joint venture comprised of affiliates of Glenmont Capital Management, LLC and Resolution Services LLC announced today its acquisition of the Sheraton Orlando Downtown from the property’s lender. With 341 rooms and 20,000 square feet of meeting space, the hotel is Orlando’s largest downtown hotel. Well situated in the heart of downtown, the property is also only a short drive from Universal Studios and conveniently located directly off Interstate...

The affluent consumer market is on the rise. The Luxury Consumption Index (LCI) shows that consumer confidence is increasing, as the average dollars spent on luxury goods is up ytd and from first quarter to second quarter of this year. Buyers, brokers and developers alike express optimism, forecasting that the more than two-year decline in homes sales is over and that the consumer market is emerging from the recession, putting purchasing power back...

Next Century Associates, LLC, a partnership between Los Angeles based real estate investor Michael Rosenfeld and an entity in the D.E. Shaw Group, today unveiled plans for a $2 billion mixed-use project on the 5.75 acre Century Plaza hotel site. The project will feature two soaring towers rising from a grand plaza with a 240 room Five Star hotel and 163 hotel residences, 130 luxury residential condominiums, 100,000 square feet of office, 106,000 square...

Red Ledges, a development in the beautiful valley of Heber City, Utah, is the world’s only recreational community offering golf and tennis amenities created by legends Jack Nicklaus, Cliff Drysdale and Jim McLean. Red Ledges is a nearly 2,000-acre mountain paradise that will consist of 1,200 luxury custom homes and world-class facilities. Red Ledges has teamed up with Jack Nicklaus, the “Most Powerful Person in Golf” as deemed by Golf Inc. Magazine,...