
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...

The iconic Plaza at the intersection of Central Park South and Fifth Avenue has been selected as the tri-state region’s 2008 Renovation Project of the Year by New York Construction magazine, the authoritative industry monthly published by McGraw-Hill. The publication cited the outstanding three-year, $400 million, lobby-to-roof restoration of the legendary landmark. Miki Naftali, President and CEO of El-Ad Group, owner of the storied castle on the...
Kicking off the holiday season, Chef Wolfgang Puck hosted “the first Thanksgiving” at the most exclusive address in Los Angeles, The Ritz-Carlton Residences at L.A. LIVE. The critically-acclaimed chef and restaurateur performed a holiday cooking demonstration before a private audience of 50 in the professional Gaggenau kitchen, featured at the model vignette of L.A. LIVE’s distinctive residences. Showcasing the five-star ambiance...
Although real estate development has stagnated in most parts of the country, it’s moving ahead rapidly on Jekyll Island, Georgia. In October, the board of directors for the Jekyll Island Authority approved revitalization plans for the island paradise, and this week Jekyll Oceanfront Resort becomes the first redeveloped condominium hotel to open its doors to owners and guests on this state-owned barrier island. ADVERTISEMENT “During the...
The Executive Centre on Merchant Street in Cincinnati, a 521,000-square-foot office building housing General Electric and CINCOM Systems, Inc., recently announced completion of building-wide renovations that will drastically reduce energy use and greenhouse gas emissions in its three buildings. As a result of the renovations, the building’s property manager, CB Richard Ellis, anticipates more than $40,000 in savings per year from reduced energy...
KMC Corporation today announced it has been awarded the ABC Florida East Coast Chapter 2008 Excellence in Construction Eagle Award for the renovation of The Ritz-Carlton, Palm Beach in the category of Renovations between $30-75 Million, at an event held at Seminole Hard Rock Hotel in Fort Lauderdale, Florida on Friday, October 24th 2008. The “Excellence in Construction” Awards are presented by each chapter of ABC and are known throughout the industry....
Starwood Hotels & Resorts Worldwide, Inc. announced the introduction of The Equinox, a Luxury Collection Golf Resort & Spa, Manchester Village to The Luxury Collection Hotels & Resorts, a glittering ensemble of more than 69 of the world’s finest hotels and resorts in more than 26 countries in bustling cities and spectacular destinations around the world. Owned by HEI Hotels & Resorts, the iconic 195-room resort, which has served...