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| Real Estate |
| When "South Florida luxury" comes to mind, you might first think of places like Miami, or Palm Beach. But what about Fort Lauderdale? While it might not be at the top of your list, the Florida beach town is catching up to its flashier neighbors, as a slew of new developments helps reinvent its image from spring break hot spot into high-end destination. Of course, there is that pesky housing slowdown to think about. Will it slow Fort Lauderdale's growth? Can northern transplants and remote workers soften the blow? Only time will tell. Read this week's cover story here. |
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 | | The beach in Fort Lauderdale, Fla. JAMES JACKSONN FOR THE WALL STREET JOURNAL |
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 | | The Amatos enjoying the view from the terrace of their 30th-floor condominium in Fort Lauderdale. JAMES JACKSON FOR THE WALL STREET JOURNAL |
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| Speaking of the housing slowdown—it did little to dampen the ultraluxury market last year, which saw at least seven deals for $100 million or more. Big-name buyers made big-ticket purchases, especially in California, Florida and New York. Check out more on the biggest deals of 2022 right here. —Kerry Barger, senior platform editor of Mansion |
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| | Fort Lauderdale Is Facing a New Challenge: The Housing Slowdown |
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 | | JAMES JACKMAN FOR THE WALL STREET JOURNAL |
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| Bolstered by a slew of new developments, the city’s luxury market joined the ranks of Miami and Palm Beach. But the downturn is testing the area’s growth, as sales slow and prices fall. (More) |
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| | Larry Ellison, Ken Griffin and Other Rich Buyers Kept the Luxury Market ‘Separated From Reality’ in 2022 |
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 | | ADRIAN ANZ |
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| Rising interest rates and recession jitters didn’t stop a number of deep pocketed-buyers from making deals. (More) |
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| $173 million | | The most expensive home sale in the U.S. in 2022. Oracle co-founder Larry Ellison topped the year's ranking of the largest residential deals with his June purchase of an oceanfront estate near Palm Beach. The deal is also the largest ever closed in the state of Florida.
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 | | Caption/CREDITDANIEL TACCONELLI SOTHEBY’S INT'L REALTY |
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| Edward H. Hamm Jr., a movie producer and heir to the Hamm’s Beer fortune, is the buyer of a $91 million mansion in Malibu. The deal was one of the most expensive home sales in the U.S. last year, records show. (More) |
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| In Golden Beach, Fla., a contemporary three-story home is coming on the market for $45 million. If it sells for close to that sum, it would be among the most expensive properties ever sold in the tiny oceanfront community. (More) |
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 | JONATHON RUSSELL
JBR LIFE MEDIA |
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| A waterfront home on the Hawaii island of Maui has sold for $32.67 million in one of the island’s priciest-ever deals. The roughly 7,400-square-foot home in the Wailea-Makena neighborhood hit the market for $35 million in October and went into contract in just under a month. (More) |
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 | AL SIEDMAN/VHT/THE CORCORAN GROUP |
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| Beth Comstock, a former vice chair at General Electric, is listing her Manhattan townhouse for $10.995 million.The landmarked, five-story brick home is located on a cobblestone street in the city's West Village neighborhood. (More) |
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 | HIGH RES MEDIA (RENDERING) |
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| Arizona Cardinals owner Michael Bidwill has sold his home in Paradise Valley, Ariz., for $5.3 million, less than two months after it hit the market for $5.8 million. The buyer was identified in property records as Post Estes trust. (More) |
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Inside Story | | Their Home Renovation Was Almost Complete. All That Was Missing Was a Turret. | | | | The circular tower in Louisville, Ky., capped off an update that was long overdue. 'The home itself hadn’t been updated in 30 years.' (More) |
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House Call | | Songwriter Jeff Barry Wrote Hits as a Lovesick Teen | | | | The ‘Spector’ reflector and ‘Be My Baby’ lyricist on his early poverty and childhood dreams. 'My lyrics expressed how I wanted to feel,' the songwriter says. (More) |
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- A real-estate agent with the same name as a professional golfer was invited to play at the Masters. (CNN)
- Apartment sales in Manhattan dropped 29% in Q4 of 2022. (CNBC)
- Compass is planning to cut more jobs. (Reuters)
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| | January 6, 2023 Edition of Mansion |
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