The Luxury Carlyle Residences

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 Announces $2 Billion Vision for Century City

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... 

The Landmark Plaza Wins New York Region’s Prestigious 2008 “Restoration / Renovation of the Year”

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... 

LEEDing the Charge: Downtown Seattles 901 Fifth Avenue Building Achieves LEED-EB SilverTM Certification

RREEF Real Estate and Kennedy Wilson today announced that 901 Fifth Avenue in Seattle, WA, a 41-story 558,607 sq. ft office tower has achieved LEED-EB™ (existing building) Silver certification. The certification marks the completion of one of the largest environmental retrofits in the industry for an existing property and Seattle’s first full city block targeting LEED certification. The new ownership and management of Seattle’s 901 Fifth Avenue... 

Fog Cutter Capital Group Inc.’s Fatburger Unit Opens First Hong Kong Location

Fog Cutter Capital Group Inc.’s Fatburger unit has announced the opening of its first Hong Kong restaurant at the QRE Plaza, located in the heart of Wan Chai. The new Fatburger is the company’s second location in greater China, following the opening last fall in the Venetian® Macao-Resort-Hotel. The Hong Kong Fatburger is located on the ground floor of the 25 story QRE Plaza and is connected by a covered footbridge with Hopewell Centre &...