Ski-in, Ski-out Crystal Peak Lodge Becomes Luxurious Cornerstone of Breckenridge Resorts New Peak 7 Base Village

One of the most popular ski and snowboard resorts in North America, Breckenridge Resort, Colo., is unveiling a new base village area this winter that features luxurious ski-in, ski-out accommodations and skier services. The Crystal Peak Lodge, opening today, is the centerpiece of Breckenridge Ski Resort’s new Peak 7 base village, which features a Mediterranean-themed dining experience at Sevens restaurant, a ski and ride school, a rental and retail shop, and lift ticket services. The lodge... 

Mountain Architects Releases Its Newest Addition to a Distinctive Collection of Log Cabins & Plans

Last month, Mountain Architects and PrecisionCraft announced the release of a new design series, Rustic Luxury™ Log Cabins & Plans, an exclusive collection featuring unique cabin designs complete with luxurious finishes. With a four-month endeavor ahead of them, Mountain Architects didn’t skip a beat after releasing its first design in this new, distinctive cabin series. Rather, they turned their collective attention to brainstorming and creating the second Rustic Luxury(TM) cabin home!... 

Pasal Development: Consolidated Earnings After Taxes of EUR 2.6 mn for the 9M 2008

PASAL Development S.A. announces that consolidated earnings after taxes and minority interest for the 9M 2008 amounted to 2.6 mn euro compared to 6.0 mn euro in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 3.5 mn euro compared to 10.1 mn euro in 2007, while consolidated earnings before taxes amounted to 1.3 mn euro compared to 8.6 mn euro the respective period of last year. The reduction is mainly due to the completion timing of investment property. During... 

World-Renowned Chef Wolfgang Puck Cooks First Thanksgiving at L.A. LIVEs Ritz-Carlton Residences

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 and services characteristic of residential living... 

Luxury Institute Survey: Vacation Homes and Exotic Vacations Luxury Experiences of Choice for Wealthy U.S. Consumers

Wealthy U.S. consumers report that owning a vacation home is the item they most desire, and taking exotic vacations is their most sought-after luxury experience, according to a Luxury Institute survey of U.S. consumers with average household income of $332,000 and average net-worth of $3.3 million. The study was developed with Resonance Consultancy Ltd. According to the survey, wealthy U.S. consumers place more importance on experiences such as owning a vacation home, taking vacations, working from... 

American Realty Advisors Provides Preferred Equity Financing for the Grand Hyatt Washington

American Realty Advisors announced that it has provided preferred equity financing to an affiliate of Quadrangle Development Corporation for the recapitalization of the Grand Hyatt Washington, an 888 room, luxury full-service hotel located in the burgeoning East End of Washington, DC. The investment was executed on behalf of one of American’s separate account clients. The Grand Hyatt Washington, built in 1987, underwent a full-scale guestroom, guest bath and corridor renovation in 2004, and... 

The Streets of Buckhead Enhances Collection of Luxury Retailers

The Streets of Buckhead, a world-class luxury destination that combines international boutiques, fine dining and exclusive residences in a streetscape setting welcomes upscale clothiers Brioni, Leggiardo and Shirts & Co. by Domenico Vacca. Ben Carter, founder and chairman of Ben Carter Properties, is creating the region’s premier luxury shopping experience in the heart of Atlanta’s affluent Buckhead community. The development already boasts an exclusive line-up of merchants that includes... 

Midtown Crossing at Turner Park Earns LEED Neighborhood Development Certification

Midtown Crossing at Turner Park, a million-square-foot mixed-use development under construction in the heart of midtown Omaha, has earned Stage 2 LEED certification under U.S. Green Building Council’s pilot Neighborhood Development Certification program. Midtown Crossing was selected to participate in the council’s Leadership in Energy and Environmental Design (LEED) pilot Neighborhood Development Certification program. It is the only project in Nebraska or Iowa participating in the program. LEED... 

Auction Fever Hits the San Diego Area

Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of 14 luxury residences located in lovely Escondido, a thriving urban environment, just 30 miles northeast of San Diego. The elegant 1 and 2-story, four and five-bedroom residences ranging from 2,900 to 4,049 square feet feature formal entry foyers, spacious family and living and dining rooms. Published reserves for these 14 properties ranged from $385,000 to $550,000... 

Smashburger Hires Max Sheets as VP of Real Estate

Smashburger, a fast-casual “better burger” concept recently launched and funded with $15 million by private equity and concept development firm Consumer Capital Partners (CCP), today announced the appointment of Max Sheets as Vice President of Real Estate. Further preparing Smashburger for national expansion, the appointment follows the recent hire of Greg Creighton as Regional Vice President. Sheets brings over 20 years of experience in restaurant specific construction and real estate development...