Trending News

Number of Improving Property Markets in US Dips Slightly in May, NAHB Report

A recent report released by the National Association of Home Builders (NAHB) revealed that the number of improving property markets in the U.S. has dropped to 258 from the 273 recorded in April.

Fashion Designer Bijan Pakzad’s Estate Sold for $9.8 Million (PHOTOS)

Late Iranian fashion designer, Bijan Pakzad’s plush estate in Beverly Hills, California has reportedly sold for $9.8 million. The exclusive property was offered for sale for $12 million and was allowed to be viewed by appointment only.

Reese Witherspoon Buys Third Property in Brentwood Circle for $3 Million

The “Sweet Home Alabama” actress, Reese Witherspoon has reportedly purchased a property, just next to a compound she already owns in Brentwood Circle, Los Angeles for $3 million. The purchase makes this her third buy in the area.
EDITOR'S PICKS
  • Scottish Island Tanera Mor for Sale, Asking $3.9 Million
    A tiny island off the North West Coast of Scotland, Tanera Mor has reportedly hit the open listing market with an asking price of about $3.9 ($3.88) million. The island is the only inhabited piece of land in the Summer Isles archipelago of Wester Ross.
    By Rapti Gupta
  • World’s Smallest Hotel to Open in Copenhagen
    Shrinking furniture and apartments can pull off being "micro" with a “cute, cozy and efficient” label but a hotel or resort always charms with size. But that is set to change now. The world’s smallest hotel will have just one room, one bathroom and will be located atop a small café when it opens in June.
    By Rapti Gupta
  • Mystery of the Hanging Gardens of Babylon Solved (VIDEO)
    For centuries and decades now, the Hanging Gardens of Babylon has been an issue of intrigue and curiosity among historians, archaeologists and researchers. For a long time now, the existence of the gardens has also been questioned. But recent revelations of a study conducted by Dr. Stephanie Dalley, an Oxford University based historian has not only proved that the gardens actually existed but also claim that they were not located in Babylon and neither were they built by King Nebuchadnezzar.
    By Rapti Gupta
  • Sunstone Acquires New Orleans Hilton for $59.4 Million; Under Contract to Purchase Boston Park Plaza &Towers for $250 Million
    Sunstone Hotel Investors Inc, a famous hotel industry investing firm has purchased the Hilton New Orleans hotel on St. Charles Avenue for $59.4 million and has also entered into contract to buy the famous Boston Park Plaza and Towers in Back bay, Boston for around $250 million. The firm just announced the transactions in its first quarter results ended March 31, 2013.
    By Rapti Gupta
  • Care to Buy Some “Lunar” Real Estate? (VIDEO)
    If you thought that the real estate market on earth was hot, you would definitely call the property market of the moon “scorching”. Dennis Hope, founder of Lunar Embassy Corporation and a real estate agent claims that he has sold almost around 7.5 percent of the moon’s land and made around $600 million by selling 11 acres of the natural satellite!
    By Rapti Gupta
  • Oracle CEO Larry Ellison Buys Another Property in Malibu
    Larry Ellison, the witty Chief Executive of software giant, Oracle has spent something in the range of $200 million to $270 million on more than a dozen properties in Malibu through nine separate transactions over the last ten years. His latest purchase is a two-story, white stucco building in a three structure gated and walled private compound on Carbon Beach.
    By Rapti Gupta
  • Real Estate Brokers to Drop “Inflated” Titles
    Looks like the business card printing stores in New York will get a fresh influx of orders, largely from real estate brokers . The Real Estate Board of New York will soon impose a ban on the titles that these agents carry.
    By Rapti Gupta
  • Candy Furniture: The Next Crazy Thing in Home Décor? (PHOTOS)
    Just after the world of home décor was awestruck with plans of commercializing “cook-able” furniture, a new type of edible furniture has made its way into the world of interior decoration. The new collection of furniture would easily remind one of “Willy Wonka and the Chocolate Factory” as one of the sofas is made of white chocolate and a small table formed of hard boiled orange candy!
    By Rapti Gupta
  • Royal Couple Kate and William’s Baby Nursery Designs Revealed
    As the royal couple, Prince William and Kate Middleton are bracing themselves to welcome their heir in July, they have already started designing the baby’s room and plan on stuffing it with extraordinary furniture in their under-construction apartment at 1A in Kensington.
    By Rapti Gupta
  • UN Security Council Chamber in New York Reopens After Renovation
    The original United Nations Security Council Chamber finally opened its doors to the delegates after three long and strenuous years of remodeling and renovation on April 16, 2013. The Council room looks spick and exudes an air of importance and respect that it very rightly holds.
    By Rapti Gupta