The Real Deal - New York Real Estate News

Napa Valley Four Seasons headed for near-record sale

Posted: 14 Feb 2021 09:00 AM PST

A recently built Four Seasons hotel in Napa Valley may be headed for a near record-breaking sale price. A handful of investors have made competing bids upwards of $170 million for the 85-room property, according to the Wall Street Journal. That would be around $2 million per room, a price threshold broken only twice before in the U.S. — by the Montage Hotel Beverly Hills and a Four Seasons in Hawaii. The Napa Valley property

Undeveloped 1.3 acres in Hong Kong sells for $935M

Posted: 14 Feb 2021 06:00 AM PST

Wharf Holdings led a consortium of investors on a record-breaking land purchase that shows just how confident some developers are in Hong Kong’s market. The group paid the Hong Kong government the equivalent of $935 million for just 1.25 acres of land in the desirable Peak neighborhood, according to Bloomberg. At around $6,451 per square foot, it’s the most ever paid for a government-owned residential property. The site is zoned for about 145,000 square feet

Wealthy buyers scoop up real estate on warm-weather islands

Posted: 13 Feb 2021 11:00 PM PST

As the cold weather set in and lockdowns continued in many U.S. cities, the market heated up for properties on remote islands in warmer climates. Activity is expected to increase as travel bans are lifted — and some buyers are even willing to buy sight unseen to beat the competition, according to Mansion Global. Some island nations are taking advantage of the uptick in demand. The Saint Kitts and Nevis government will give citizenship to