Luxury Real Estate: Coldwell Banker's Previews International program is the most dominant force in the luxury real estate market today. Coldwell Banker's Previews International program holds a very strong position in the luxury homes market, having a 50 percent market share of U.S. properties with a sales price of more than $1 million. In the U.S. market for 2007, Coldwell Banker's Previews participated in approximately 25,000 transactions worth $46.6 billion.
Sales figures are equally impressive internationally. The Caribbean is jumping with sales figures that are up from various offices. In 2007, Coldwell Banker Bermuda Realty sold 59 million-dollar properties. CB Bermuda Realty has sold 60 million-dollar properties through quarter-ending September 2008.
Despite the current state of the world economy, sales figures remain up. Coldwell Banker Land-de Wilde Realty of St. Croix, Coldwell Banker Jamaica, and Coldwell Banker Real Estate Turks & Caicos reported September as best month of sales to date for 2008.
According to Jim Reed, managing director of Coldwell Banker Island Affiliates, the quality of the sales associates is the key to Coldwell Banker's dominant position in luxury real estate.
"Generally speaking, our affiliates are all number ones in their respective markets. Each office is made up of quality business people who, when brought together, create incredible synergy," Reed said.
There are more than 4,500 certified Previews property specialists. It is one of the strongest networks of real estate professionals worldwide. The scope of the rigorous training program prepares agents to handle the special needs of buyers and sellers of luxury real estate. Many transactions remain totally "in-house," as the worldwide network of Previews property specialists work together to facilitate. It is one of the advantages of being the best in the market.
Investing in the Caribbean
In regard to first-time investors seeking to purchase real estate in the Caribbean, Mr. Reed emphasized that securing an agent with local expertise is key.
"Every market is different with different laws, standards of practice, and so on. With that in mind, the best advice I can give to first-time Caribbean real estate buyers is to enlist the help of seasoned professionals-starting with a top local real estate vendor-and then follow their recommendations for a lawyer, title insurance, financing, and so forth."
The Coldwell Banker brand has a global reach with 3,600 offices on six continents in 47 countries and territories. There are approximately 600 Coldwell Banker offices outside of the United States.
Luxury Residences: Topping out is a key milestone of the construction progress, occurring when a project completes its vertical rise. The luxurious W Hollywood Hotel & Residences has just completed its topping out, celebrating in true Hollywood fashion.
The W Hollywood Hotel & Residences is the first branded residence of its kind in the city of Los Angeles. It will provide hotel, retail and luxury for-sale residences located at 6520 Hollywood Blvd., fronting a full city block of the famous thoroughfare from Vine to Argyle.
The dramatic topping out ceremony for the W Hollywood Hotel & Residences, included an awe-inspiring performance by professional aerial acrobats unfurling celebratory banners from the rooftop, as well as appearances by late-night talk show host Jimmy Kimmel and Los Angeles Mayor Antonio Villaraigosa. The topping out ceremony marks the timeline of the project's completion, due to open in November of 2009.
"There will be only one W Hollywood when it opens in November of 2009 and we are proud to demonstrate our commitment to this unique project by celebrating a key construction milestone," said Marty Collins, president and CEO of Gatehouse Capital. "Let there be no doubt; Hollywood loves a comeback, and today's celebration confirms that the most anticipated comeback of 2009 will be the return of sophisticated, glamorous lifestyle to Hollywood & Vine at the completed W Hollywood."
Developed by Gatehouse Capital in partnership with HEI Hotels & Resorts, the $350 million development will offer a world-class lifestyle opportunity boasting lush landscaping, engaging art installations, striking design features and thoughtful living spaces, creating a lifestyle environment like no other residential property in Los Angeles.
The W Hollywood will have the best features that W Hotels around the world are known for, including chic design, luxury finishes, modern art, exclusive restaurants and premium service. Its location in the heart of Hollywood, at the nexus of the world's most famous intersection gives the luxury accommodation the bonus of dramatic views and premier nightlife, in every aspect from the hotel to the residential enclave featuring 143 exclusive residences paired with the Whatever/Whenever® services and amenities of the adjacent 305-room W Hollywood hotel.
In addition to being built for luxury living, the W Hollywood is being built using eco-conscious construction methods, according to LEED specifications.
"Hollywood and Vine is one of the world's most famous intersections and now it's making a Hollywood comeback with the W Hollywood Hotel and Residences," said LA City Council President Eric Garcetti, whose district includes Hollywood. "When complete, the W Hollywood will be the landmark eastern gateway to our renewed Hollywood Entertainment District. This new project is registered for LEED certification with sustainable design, easy access to mass transportation, use of low impact design and construction techniques and a host of new technologies designed to conserve and reduce energy and natural resource consumption."
"The Hollywood and Vine project brings good-paying jobs, transit-oriented development, affordable housing, and economic growth to the heart of our City," said Mayor Villaraigosa. "It is a sign of our ongoing commitment to smart investments across the LA landscape, and it will add yet another star to our 'walk of fame'."
Luxury Real Estate: When it comes to finding luxury homes and real estate in Western Canada, there aren't too many neighborhoods that attract wealthy owners with the same regularity as Oak Bay. Located in Victoria, Oak Bay consists of some of the most affluent neighborhoods to be found on the Pacific Coast, including the exclusive and touted homes of the Uplands.
Oak Bay is comprised of several neighborhoods. The aforementioned Uplands is one, and Willows Beach, North Oak Bay, South Oak Bay and Windsor Park round out the area.
The big draw for beautiful homes in Oak Bay is, of course, the oceanfront property winding along scenic Beach Drive. The Drive features many stately heritage mansions and estates and well as some newer luxury homes, built to take advantage of this fabulous and upscale location. Oak Bay is filled with houses with appraised values in the multiple millions, many of which have sweeping views of the Strait of Juan de Fuca, Haro Strait, and the Olympic Mountain Range.
All of that ocean means that residents of this affluent community have easy access to several beaches, including Willows Beach and Gonzales Beach. As you might have guessed, recreational opportunities abound in the Oak Bay area; there are several golf courses including the modest nine hole par 3 Henderson Golf Course and the much more impressive Victoria Golf Club . Founded in 1893, the Victoria Golf Club of Oak Bay is the second oldest golf course in western North America. It consists of 6000 yard links, and runs along the beautiful Pacific coastline. The Royal Victoria Yacht Club and the Oak Bay Marina are located in the neighborhood as well.
Aside from the proximity of the Pacific Ocean, Oak Bay's main appeal is in its commitment to a British influenced lifestyle. Many of the homes in the neighborhood are built along the architectural lines of the Tudor and Arts and Crafts traditions. The centre of the community is Oak Bay Village, the most urban style part of the neighborhood. Here, residents will find exclusively Oak Bay opportunities such as English modelled tea rooms, pubs, and antique shops. The centre is also the location of the Oak Bay police department, one of the only neighborhood police outfits in Canada. To round-out its excellent amenities, Oak Bay also houses some of Victoria's most prestigious private schools including Glenlyn-Norfolk School and the Junior School of Saint Michael's University School.
There are several luxury real estate opportunities for those wishing to make their homes in Oak Bay. The main style of the neighborhood is the single stand alone family dwelling, which invariably includes expansive and well maintained yards and gardens. There are also a number of upscale retirement condominiums, apartment and town homes close to "The Village."
Multiple options for luxury living, a uniquely English flavour, and of course an abundance of luxury oceanfront property make Oak Bay an ideal choice for many buyers in the British Columbia luxury home market
Article by Waterfront West
Sharleen Kneeland Founder
JustLuxe Contributor
Luxury Properties: Leonardo DiCaprio became an actor of world-renowned status from his role as a common man cavorting with the rich in the box-office smash feature film Titantic. DiCaprio's recent splashy real estate dealings on East and West coasts transactions are relatively dramatic in a market where there is more looking than doing. The gigantically famous actor is a two-fisted dealer with one buy in Manhattan and one listing off in Malibu, according to Berg Properties' Big Time Listings.
Leonardo the capricious just closed on a NY apartment for approximately $3.6 million in the eco-luxe extraordinaire Riverhouse One Rockefeller in Battery Park City. Overlooking the Hudson River, the high-rise community of affluent VIPs consists of 320 units on 32 floors. The world within the city brims with deluxe amenities and green systems that promote ultimate sustainability and sensibility.
A resident of the Riverhouse could move in and never leave home again! There is a media café, a fitness center, a lap pool, a billiard room, and an outdoor terrace. Additionally, there is a children's playroom and a doggie spa.
The David Rockwell-designed Riverhouse is an example of the new wave of luxury-properties that support the indulgence-with-a-conscience movement at the forefront of most new property developments.
By James Rothaar
JustLuxe Contributor
Owner, Luxe Lifestyle
Celebrity Real Estate: Everybody is looking for a deal these days! It has been reported by the New York Post that Justin Timberlake purchased a condo in the Pearline Soap building in Manhattan's TriBeCa for approximately $4.77 million. The reported sales price is nearly half million less than the current list price, and more than $875,000 less than the original price of $5.65 million.
Timberlake will be in sync residing on the fifth floor in a full-floor nearly 3,000 square-foot loft with three bedrooms, three baths, and five rooms overlooking the Hudson River. There are 14 floor-to-ceiling arched windows throughout, a super-size living and entertainment area, with four exposures, and a kitchen filled with top line appliances by Sub Zero, Wolf, and Miele. This must be what is meant by a New York state of mind.
The luxury loft also is wired to the nines with a Lutron Technology system that controls temperature, lights, sounds, electronic window shades and more. Additionally, Justin's new digs feature a built-in Sonos sound system, which operates over the Internet and plays different music throughout a house in accordance to the setup.
Read more about Lutron Technology and Sonos under Electronics in the Lifestyle section of JustLuxe.com.
By James Rothaar
JustLuxe Contributor
Owner, Luxe Lifestyle
Vancouver Real Estate: When it comes to luxury real estate in Western Canada, the city of Vancouver is the first location that comes to many people's minds. This city is home to some of the most exclusive residential neighborhoods to be found in the province; these communities have generally come about as a combination of convenient location, scenic views, and nearby defining development. This is the case with West Point Grey, one of the western-most of Vancouver's neighborhoods and a place where many buyers of luxury real estate have found a home to their satisfaction.
The neighborhood of West Point Grey is bordered on its north side by English Bay, an expansive body of water and an inlet of the Pacific ocean. On its other three sides, Point Grey borders the University Endowment Lands (UBC) , Kitsilano, Dunbar-Southlands and some of the city's most beautiful parks and recreational areas.
Aside from its location on the shores of English Bay, West Point Grey's appeal lies in the fact that it is the closest neighborhood to the campus of the University of British Columbia. The quick access to the school make it an ideal location for many of the faculty that work at the facility, as well as the first spot rising stars graduating from UBC are exposed to as their potential new Vancouver home.
The neighborhood of West Point Grey is also set apart in terms of prestigious Vancouver real estate because of the location of the Royal Vancouver Yacht Club . Here, many of the most affluent of Point Grey's population berth their mighty vessels in between cruises, as do many of the world's most influential yachting enthusiasts.
Despite the exclusivity entailed by the prices of West Point Grey homes, the shopping amenities of the neighborhood are eclectic, and in fact some might say typically western Canadian. Although upscale boutiques house exclusive merchants, there are also shops which appeal to the middle classes. The neighborhood also includes a good mix of high end and convenient dining, as well as numerous coffee shops all within the beautifully appointed Point Grey Village. More eclectic shopping and upscale stores and restaurants are available on Dunbar Street.
Recreational opportunities near the neighborhood include the links at the Point Grey Golf Course and Country Club . This 18 hole course is marked by its proximity to the mouth of the Fraser River and the mountain vistas which serve as the backdrop for the pond and forest dotted fairways; no wonder this course has earned a reputation as one of the finest private golf courses in the area. Closest to West Point Grey is the University Golf Club (public) which is located at the entrance of the Endowment Lands a short walk from Point Grey Village. Private clubs close to the area also include the prestigious Shaughnessey Golf Club, located on Southwest Marine Drive.
Housing options in West Point Grey run a full gamut, from new luxury homes to stately old style mansions for the wealthy and the ultimate in modern luxury condominium developments. West Point Grey offers a fine expanse of semi-waterfront real estate opportunities and numerous luxury ocean view homes. It's location, bordering English Bay and sloping upwards towards Dunbar means that numerous single family homes can take advantage of view of the ocean, North Shore mountains and even downtown Vancouver. High rise condo developments are not common, but low rise penthouse options are available in the area.
The neighborhoods in close proximity to West Point Grey are also on the map when it comes to luxury real estate in Vancouver. Just south of West Point Grey lies the neighborhood of Dunbar which features many ocean view homes in the Arts & Crafts style. South of Dunbar, luxury home buyers will be enchanted to find the Southlands, a pleasantly unexpected little bit of country in the city. Mostly low-lying and bordering the mouth of the Fraser River, this area features luxury estates and homes and a decidedly country feel satisfying the equestrian pursuits of wealthy city-folk. Imposing luxury estates and mansions line Southwest Marine Drive as it curves southward towards Richmond, looking south over the ocean towards Vancouver Island.
With ocean front real estate and convenient access to some of Western Canada's most prestigious institutions, it is no wonder that luxury real estate buyers in British Columbia are attracted to the West Point Grey area.
Article by Waterfront West
Sharleen Kneeland Founder
JustLuxe Contributor
Luxury Real Estate in Colorado: Now this is the Rocky Mountain way we're talking about!
Above the Clouds is an award-winning estate that sits on 30 acres of land in the foothills of the Rocky Mountains in Evergreen, Colo. This magnificent residence with six bedrooms and eight bathrooms is the epitome of high-life living. Additionally, there is an attached guesthouse with two private decks, a putting green, and an over-sized two-car garage. There is a gated pillared entrance of stone and rocks that grants access to Above the Clouds
With the property on an elevation of 8,300 feet, the view from any vantage point of this dwelling is absolutely breathtaking. The entire surroundings are a vista that blends into the craggy and mountainous terrain as if Mother Nature raised it herself. Built in 2000, the 21st century stone-and-stucco residence is palatial. There is a spiral staircase that looks out at the mountain range through floor-to-ceiling windows that is mesmerizing.
Above the Clouds won the prestigious 2000 Bar Award from the Home Builder's Association of Metro Denver for "Best Custom Home Over 7,000 Square Feet." The Rocky Mountain mansion is ultra modern and brims with contemporary luxuries and natural gifts of the land. There is a fully stocked trout pond with three waterfalls nearby the guests' parking area. The best of Colorado's outdoor activities are a short drive away.
The main house features a home theater, a spacious kitchen with the finest of appliances and cabinetry, and a bar with a wine cellar. Each room contains exotic wood or stone flooring and finishing touches that add depth to the overall decorum. The central room features a 28-foot-high ceiling with see-through glass roof panels and a circular fireplace. There are waterfalls indoors and outdoors that unite the interior and exterior living space seamlessly. A heated courtyard and an indoor koi-fish pond are examples of how the inside and outside mesh.
There is ample room for entertaining and luxuriating both indoors and outdoors. There also is a four-car tandem garage and an adjacent heated area with sufficient space for a studio, a gym, or whatever the next owner may desire.
Away from it all but still...
Above the Clouds is spread over 30 acres of nature's finest with wildflowers, ponderosa, fir and aspen trees and huge moss rock granite crags and boulders. Even though living at Above the Clouds is remote and set off from the paths most often traveled, it is good to know that the Denver International Airport is approximately an hour's drive away, and that getting to downtown Denver from Evergreen takes half that time.
Above the Clouds is on the market for $5.6 million. Contact Keith Tobler of Mountain Realty Group at (303) 916-3751. Visit MountainTrophyHome.com for further details.
Luxury Real Estate: While money cannot buy love, at least, that is, according to the lyrical prose of the early 1960s Beatles, Tranquility is currently on the market for $100 million. Tranquility is a spectacular estate located in Lake Tahoe, Nev., that may come as close as it gets to owning your own private planet. This is an absolutely amazing property that is aptly named.
The property is one of five properties currently on the real estate marketplace with a selling price of $100 million. Since each of these ultra luxury properties are so uniquely breathtaking, it piqued our interest when the opportunity to speak with Shari Chase of Chase International, the owner and exclusive representative of Tranquility came upon us. It was our lucky day!
JustLuxe (JL): Is living in Lake Tahoe, Nev., really as tranquil as it appears, Shari?
Shari Chase (SC): We call Lake Tahoe paradise, as it provides food for one's soul and rejuvenates one's spirit.
JL: How did this wondrous property become formally named Tranquility?
SC: The moment you step onto the property a feeling of peacefulness and a connection to nature, and all that is sacred, fills your heart.
JL: In just reviewing a few of the features of Tranquility, it is a world apart for an artist and an outdoor sportsman, a nature lover, or just about anyone on the planet with a modicum of common sense! There is an elaborate artist's studio, numerous horseback riding trails, panoramic views galore, and a brown-trout filled lake. There is even a tunnel that connects the main house to the conservatory. Was Tranquility always this tranquil -- or ideal? Could you give us a brief history on the property?
SC: The owners wanted to find a property that was very private and undeveloped, and in Nevada for tax purposes. It is not an easy task, as Lake Tahoe has over 95 percent of the land that is under the protection of the U.S. Forest Service or Bureau of Land Management. This property was a rare find, in 1995, with over 210 acres. It was a perfect fit for the owners to create their vision. It took five years to complete the entire project. In 2000, Tranquility was ready for family and friends.
JL: Why would anyone ever wish to leave Tranquility? Is proximity an issue?
SC: No one wants to leave Tranquility. Once you arrive, you are compelled to stay.
JL: What was involved in the decision-making process that led to putting the property on the market at $100 million?
SC: Tranquility is truly undervalued at $100 million. This is the largest private land holding with a private lake at Lake Tahoe. The sumptuous furnishings, the art and the artifacts along with the attention to every detail, with no expense spared, create a harmonious blend with Mother Nature. This could only be accomplished with a love for the land and radiance of heart and soul.
JL: Is presenting a property of this nature completely different than presenting other luxury properties, such as those selling at around $96 million or so less than Tranquility? How would you describe those -- generally speaking?
SC: The way in which a property is presented differs for each property. Each property has its own DNA or energy and requires a well thought out strategy regardless of price. Tranquility is the finest property on the planet. One could ask $150 million and be in the realm of reality. Without question, this is an opportunity for someone who loves Lake Tahoe and loves the best of everything. There are no other luxury properties to compare.
JL: Tranquility has been on the market for more than two years now. Could it reach a point where a price reduction may be considered?
SC: No, not at all. All of a sudden, a new owner will appear. One who will honor the land and all it offers. Two years is a short period of time for a home of this stature -- with the likelihood that it will be a fourth or fifth home for someone. In 1998, when I sold the highest priced sale in the U. S. at $50 million, it took five years from beginning to end.
JL: Do you think there will be other single-family estates or residences put on the market for $100 million or more in the foreseeable future?
SC: There very well could be.
JL: Where does one reside next after living in Tranquility?
SC: Now, that's a great question. My suggestion is anywhere where you have family and those you love.
JL: Here is one -- for which I was paid handsomely to ask by several colleagues of mine in the real estate industry. How did Chase International obtain this listing?
SC: We are the best!
JL: I am sold. Thank you for being so gracious, Shari.
Luxury Real Estate: The first eco-planned Caribbean luxury resort from inception to completion is being raised on the Placencia Peninsula in Southern Belize, making the idyllic tropical paradise an official part of the phenomenally pervasive "green" consciousness of the 21st century. The Palmetto Bay Resort at Maya Beach, helmed by luxury property developer, Ravenspur Investments, is the first planned from inception eco-friendly resort to dot the Caribbean Islands.
Sustainable eco-driven technologies used by Ravenspur include geothermal- solar- and water-filtration technologies. It is projected that such methodologies will conserve 1,000 gallons of water daily when the resort is at full occupancy. The ensuing conservation of water is beneficial both environmentally and financially. It is a measurable example of how planning "green" protects the environment and saves money for owners too. The Palmetto Bay Resort is being raised on 16-miles of white-sand beaches and a picturesque view of the Maya Mountains. The first phase of the gated mixed-use resort, which includes 36 beachfront condominiums with floor plans from 1,100 up to 4,500 square feet, is under way.
Belize was selected as the building site due to its cultural diversity and lower cost of beachfront property compared to other Caribbean destinations, according to property developer Carlton Watson.
"Belize was chosen after researching dozens of beachfront markets around the world. The cost of beachfront property and the diversity of the country was like no other we researched."
Watson also sited that the ruins that trace the Mayan people back thousands of years and the jungle's perfect eco-system for animals and birds were significant factors in choosing Belize.
"The green aspects of our development were created to provide a saving on maintenance and consumption while leaving as small an impact on the environment as possible," Watson said.
Watson stated that the geo-thermal assisted cooling pays for itself in three years. The savings in water is achieved by capturing the water used in the showers and sinks into underground holding tanks, where it is filtered and used for watering the plants. A second underground tank will be used to capture rainwater to replenish the pool. Additionally, the sewer system water also uses recycled water.
Watson further added, "Belize is a secret paradise bursting with abundant benefits providing eco-conscious adventure and memories for everyone."
There will be two buildings that house the one- two- and three-bedroom condominiums. Designer Juilieanne Dobson, renowned for her work on Francis Ford Coppola's Turtle Inn, is the principal designer. The plan is to honor Caribbean and Mayan heritage and capture the ambience throughout in the residences and public spaces. Coppola's Turtle Inn is favorite luxury resort in Southern Belize regarded by many as the finest in the Placencia Village.
The Central American country of Belize is a British Commonwealth where the local population speaks fluent English. It is the area's diverse cultural heritage that many visitors find so appealing.
Owners at Palmetto Bay Resort will enjoy amenities on parity with four-and five-star hotels and resorts, such as a fitness center, several business centers, wireless Internet access, a health club, fully equipped gourmet kitchens, and large balconies with elaborate barbeque setups. Prices begin in the low $300,000 range. Call 866-930-4933 or visit www.PalmettoBayResort.com for more information on the Palmetto Bay Resort.
Luxury Real Estate: If you love luxury, then the latest high-end property to hit the market will really excite you, because it has the honor of being named the most expensive home on the market. After two more expensive properties have gone off the market due to lack of sales, a $125 million Holmby Hills estate, squeezed neatly between the luxury cities of Beverly Hills and Bel Air, has become the most expensive home on the market, according to the Brisbane Times.
A sign of the sagging times in luxury real estate all over the world, a home worth $125 million hasn't topped the list of most expensive homes for sale in three years.
The supremely luxurious home, named Fleur de Lys is modeled after the famously gilded palace at Versailles, constructed by the innovator of luxury living himself, King Louis XIV. Carefully set amidst 5 well-tended acres, the larger than life home features 15 bedrooms, 16 bathrooms as well as Versailles-style accoutrements in approximately 53,812 Square Feet.
The estate is built in 18th century style and has been cited by French President Jacques Chirac with France?s highest cultural award for excellence in architecture and design, Chevalier de Ordre des Arts et des Lettres. The Single-Family Residence was built similarly to its European counterparts, using only the finest materials and skilled craftsmen.
Whether you are in the market for a high-end home or just enjoy browsing, Fleur de Lys is a timeless example of wonderful architecture, based on classical building techniques.
Luxury Waterfront Property: This Jacksonville, Fla., residence is an extraordinary luxury waterfront house located in the prestigious Saint Johns River community of Epping Forest. This is an estate that provides more than 7,000 total square feet and is situated only 200 yards from the wide open waters of the Saint Johns River. There are five bedrooms, four full baths, two partial baths, a swimming pool, a two-car garage, and a dock. The home also features two family rooms, a living room, a gourmet kitchen, a game room, a formal dining room, a billiard room, and a private office.
Special detailing inside and outside of marble, limestone, and exotic woods adds unique richness to the 2007-built waterfront house. The waterfront home is only 200 yards from the vast Saint Johns River. The inherently high ceilings and the open porch and balcony seamlessly blend the total living space provided by the open floor plan. There also is a customized stereo hookup in each room.
The home, also known as 1868 Christopher Point, is equipped with a fire-sprinkler system, hurricane doors and windows, and a backup generator to fortify the household against en clement weather and natural disturbances.
The single-family waterfront house is listed at $4,555,000. Visit the 1868 Christopher Point Web site for more information.
Luxury Real Estate: The Carlyle is the last high-rise tower to be raised in the prestigious Wilshire Corridor area of Los Angeles. The move-in date for the affluent residents of the 24-story vertical luxury community with 78 private residences is the first quarter 2009. No further permits to construct high-rise structures are to be issued to developers in the "Golden Mile" Wilshire Corridor, which is flanked by Beverly Hills, Bel Air, Brentwood, and Century City.
The raising of the Carlyle is a proud moment for the residence's developers. Elad Properties, the same company responsible for refurbishing the Plaza in NYC, is at the helm of this grandiose luxury development.
"The opportunity to enter the Los Angeles market in such a superb location, with a building that offers sweeping views of the Santa Monica Mountains and the Pacific Ocean, reflects our continuing strategy of selecting the best sites in highly competitive markets for the highest end luxury development," said Thomas Elliott, Elad's COO.
Residents will receive membership to the exclusive Regency Club and the Sports Club LA will operate the Carlyle's health club. There will be a large pool and sunning area, and owners will have access to a wine cellar and a large dining area for private affairs. Additionally, services as provided by the finest five-star hotels and resorts, such as 24-hour white-glove concierge service, will be in place to further provide for the high net-worth homeowners.
Fendi Casa is designing the public areas, and an original glass-blown sculpture by Dale Chihuly will be the centerpiece of the Carlyle's lobby. The floor plans of the private homes range from 2,700 up to 5,000 square feet. Other properties developed by Elad Properties include the O'Neill Building and One Madison. The firm with the $7.5-billion luxury-property portfolio has formed Elad Properties West. The firm purchased the 34.5-acre site of the demolished New Frontier on the Strip of Las Vegas to build the Plaza Las Vegas. Stay tuned for updates.
This is the last chance to be pioneer in the highly desirable "Golden Mile" of Wilshire Corridor. The Carlyle is located at 10776 Wilshire Boulevard in Los Angeles, Calif. Visit www.carlyleonwilshire.com or call (310) 209-0000 for information.
JustLuxe is a luxury Web publication providing objective analysis and information to affluent consumers to assist with their decision making, decisions such as charting a yacht, purchasing a jet membership card, booking a luxury hotel, traveling to a specific destination, or buying real estate. Our writers conduct interviews with industry executives and leaders in their fields, analyze product offerings and review the Web sites of leading companies to ensure our readers have up-to-date data to make informed decisions. Consumers can find purveyors of fine luxury goods, services and travel solutions throughout the pages of JustLuxe via content or with our advertising partners. See our Best of Luxury High end Brands and partners.
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Luxury Real Estate: Coldwell Banker's Previews International program is the most dominant force in the luxury real estate market today. Coldwell Banker's Previews International program holds a very strong position in the luxury homes market, having a 50 percent market share of U.S. properties with a sales price of more than $1 million. In the U.S. market for 2007, Coldwell Banker's Previews participated in approximately 25,000 transactions worth $46.6 billion.
Luxury Residences: Topping out is a key milestone of the construction progress, occurring when a project completes its vertical rise. The luxurious W Hollywood Hotel & Residences has just completed its topping out, celebrating in true Hollywood fashion.
Luxury Real Estate: When it comes to finding luxury homes and real estate in Western Canada, there aren't too many neighborhoods that attract wealthy owners with the same regularity as Oak Bay. Located in Victoria, Oak Bay consists of some of the most affluent neighborhoods to be found on the Pacific Coast, including the exclusive and touted homes of the Uplands.
Luxury Properties: Leonardo DiCaprio became an actor of world-renowned status from his role as a common man cavorting with the rich in the box-office smash feature film Titantic. DiCaprio's recent splashy real estate dealings on East and West coasts transactions are relatively dramatic in a market where there is more looking than doing. The gigantically famous actor is a two-fisted dealer with one buy in Manhattan and one listing off in Malibu, according to Berg Properties' Big Time Listings. 
Celebrity Real Estate: Everybody is looking for a deal these days! It has been reported by the New York Post that Justin Timberlake purchased a condo in the Pearline Soap building in Manhattan's TriBeCa for approximately $4.77 million. The reported sales price is nearly half million less than the current list price, and more than $875,000 less than the original price of $5.65 million. 
Vancouver Real Estate: When it comes to luxury real estate in Western Canada, the city of Vancouver is the first location that comes to many people's minds. This city is home to some of the most exclusive residential neighborhoods to be found in the province; these communities have generally come about as a combination of convenient location, scenic views, and nearby defining development. This is the case with West Point Grey, one of the western-most of Vancouver's neighborhoods and a place where many buyers of luxury real estate have found a home to their satisfaction.
Luxury Real Estate in Colorado: Now this is the Rocky Mountain way we're talking about!
Luxury Real Estate: While money cannot buy love, at least, that is, according to the lyrical prose of the early 1960s Beatles, Tranquility is currently on the market for $100 million. Tranquility is a spectacular estate located in Lake Tahoe, Nev., that may come as close as it gets to owning your own private planet. This is an absolutely amazing property that is aptly named.
Luxury Real Estate: The first eco-planned Caribbean luxury resort from inception to completion is being raised on the Placencia Peninsula in Southern Belize, making the idyllic tropical paradise an official part of the phenomenally pervasive "green" consciousness of the 21st century. The Palmetto Bay Resort at Maya Beach, helmed by luxury property developer, Ravenspur Investments, is the first planned from inception eco-friendly resort to dot the Caribbean Islands. 
Luxury Real Estate: If you love luxury, then the latest high-end property to hit the market will really excite you, because it has the honor of being named the most expensive home on the market. After two more expensive properties have gone off the market due to lack of sales, a $125 million Holmby Hills estate, squeezed neatly between the luxury cities of Beverly Hills and Bel Air, has become the most expensive home on the market, according to the Brisbane Times.
Luxury Waterfront Property: This Jacksonville, Fla., residence is an extraordinary luxury waterfront house located in the prestigious Saint Johns River community of Epping Forest. This is an estate that provides more than 7,000 total square feet and is situated only 200 yards from the wide open waters of the Saint Johns River. There are five bedrooms, four full baths, two partial baths, a swimming pool, a two-car garage, and a dock. The home also features two family rooms, a living room, a gourmet kitchen, a game room, a formal dining room, a billiard room, and a private office.
Luxury Real Estate: The Carlyle is the last high-rise tower to be raised in the prestigious Wilshire Corridor area of Los Angeles. The move-in date for the affluent residents of the 24-story vertical luxury community with 78 private residences is the first quarter 2009. No further permits to construct high-rise structures are to be issued to developers in the "Golden Mile" Wilshire Corridor, which is flanked by Beverly Hills, Bel Air, Brentwood, and Century City. 
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