Nadja Brandt
Skift
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Past articles by Nadja:
Four Seasons Condos in Los Angeles To Be Offered for $50 Million –
The penthouse of a Four Seasons residential project being built in Los Angeles will be offered for $50 million, which would be the priciest condominium eve → Read More
GE Said to Mull Atlanta Site Among Possible Headquarters Options
General Electric Co. has held exploratory talks about relocating its headquarters to Atlanta from Connecticut as part of a review of possible new homes, according to people familiar with the matter. → Read More
San Francisco Hotels Are World’s Priciest as Rates Surge
San Francisco already is one of the priciest U.S. cities for apartment renters and companies seeking office space. Now the area has a new distinction: it’s the world’s most expensive place for visitors to spend the night. The average price for a San Francisco hotel room has jumped 88 percent in the past year to $397 a night, according to an index compiled by Bloomberg of the world’s top 100… → Read More
Want to Save Time? Let Your Office Do Laundry, Buy Dinner
Developer Rick Caruso has a new plan for your workday: let your office building do your laundry, shop for groceries, pick up dinner and deliver it all to you by 5 p.m. “After a long day at the office, you want us to pack a couple of steaks and a bottle of wine in your car? It’s done,” Caruso said in an interview at his offices at The Grove, the luxury Los Angeles shopping center that’s part of a… → Read More
Starwood Hotels Starts High-End Brand to Expand Globally
The company will expand by 100 properties in the next five years, under the new upscale → Read More
NYC Hotel Glut Leading to Slowdown in Room-Rate Increases
(Bloomberg) -- The city that never sleeps may have too many hotel rooms. A surge in New York hotel construction, leading to a 21 percent increase in the city’s room count in the past five years, is tamping down nightly rates. While good for travelers trying to contain costs, that’s limiting room-revenue growth in the area for companies including Hilton Worldwide Holdings Inc. and Hyatt Hotels… → Read More
Starwood to Sell NYC’s Baccarat Hotel to Chinese Insurer
(Bloomberg) -- Barry Sternlicht’s Starwood Capital Group agreed to sell New York’s luxury Baccarat Hotel to an affiliate of China’s Sunshine Insurance Group. The 114-room property on Manhattan’s West 53rd Street is scheduled to open next month, Starwood said in a statement Monday. The Beijing-based insurer agreed to pay $230 million for the hotel, which occupies the first 12 floors of the… → Read More
Offices Minus Tenants Rise Beyond Manhattan: Real Estate
(Bloomberg) -- Portman Holdings LLC, which has built high-profile properties such as San Francisco’s One Embarcadero Center, plans to break ground in June on its first U.S. office development without tenant commitments in more than 25 years. Portman’s project is in Charlotte, North Carolina, while builders such as Houston-based Hines and San Antonio, Texas-based USAA Real Estate Co. are also… → Read More
Netflix Weighs Expansion in Hotels With Marriott TV Service
Hotels may be the next stop on Netflix Inc.’s quest to build the world’s first global online television network. → Read More
InterContinental Hotels to Buy Kimpton for $430 Million
InterContinental Hotels Group Plc, owner of the Holiday Inn and Crowne Plaza brands, agreed to buy Kimpton Hotels & Restaurants for $430 million, gaining a boutique chain with high-end properties in cities across the U.S. → Read More
Fire Engulfs L.A. Apartment Development, Closes Freeway
Fire engulfed a huge apartment complex under construction in downtown Los Angeles, closing a freeway and snarling traffic for morning commuters. → Read More
Tiny Hotel Rooms Follow High Land Prices in Yotel Growth
Real estate colleagues questioned Justin Palmer’s purchase of a boarded-up, eight-story San Francisco office building for $17.7 million, almost double the price paid for it six years before. Then he told them his plan. → Read More
Miami Building Boom Spreads Into Downtown’s Tent City
A building boom that transformed Miami into a destination for the global elite left out the city core, better known for its empty lots filled at night with tents for the homeless. Now the area awaits a $2 billion face lift. → Read More
Janus Leases Space for Gross a 5-Minute Walk From Pimco
Bill Gross went from overseeing almost $2 trillion to managing a $79.1 million bond fund when he left Pacific Investment Management Co. for Janus Capital Group Inc. last month. His offices are much smaller too. → Read More
Waldorf Astoria Sale to Come With Upgrades to NY Landmark
Hilton Worldwide Holdings Inc.’s sale of the luxury Waldorf Astoria hotel in New York City will spur a “major renovation” of an Art Deco landmark with roots dating back to 1893, when millionaire William Waldorf Astor built the first incarnation of the historic property. → Read More
Gross Exit Gets Tongues Wagging Around Pimco’s Hometown
Even the owner of a Newport Beach, California, beauty parlor spent the weekend hearing about Bill Gross’s departure from Pacific Investment Management Co. → Read More
California Affordable Homes in Short Supply After Cuts
The 160 units at Santa Monica, California’s Belmar Apartments received 4,600 applications ahead of the project’s July opening, a measure of the competition for scarce affordable housing. → Read More
Purse Tycoon Aims at Ultra-Rich With $85 Million Home
The eight-bedroom, 15-bath Beverly Hills, California, mansion has $5,600 toilets, a wall of caramel onyx and an 18-seat screening room with doors clad in Italian lizard skin. Asking price: $85 million. → Read More
Housing Woes Worse in L.A. Than New York, San Francisco
Jeanette Cross took out a payday loan to cover her May rent of $1,600 in South Los Angeles. She skipped car and insurance payments to keep a roof over her head. → Read More
Porn Out, Hotels In as Sunset Strip Reborn: Real Estate
It was rocked by the Doors in the 1960s, Van Halen in the ’70s and Guns N’ Roses in the ’80s. Now California’s Sunset Strip is getting a new sound: the booms of buildings being demolished and new ones developed. → Read More