Tag Archives: columbus circle

Luxury Market Still Strong

The upscale real estate market in New York City has more than survived the financial downturn–it is thriving. According to a new article in The Wall Street Journal, prices in the luxury property market continue to rise thanks to a number of high-profile deals in the past year. Commenting on the story, The Real Deal notes that luxury properties in the city are being snapped up at such a fast rate that “the market has begun to perform as well as it did during the market’s peak”.
There are a number of reasons …

Plaza Hotel condos sell for $19 million

Plaza_hotel

The Wall Street Journal is reporting that two adjacent condos in the Plaza Hotel were sold for $19 million, which will certainly be yet another boon to the luxury real estate market in NYC, which has experienced quite the surge in recent weeks. WSJ is reporting that the buyer is Barbara Garza, a director of Mexican bottler Coca-Cola Femsa, in a deal that closed last week after a rather short negotiating period.
What’s surprising about the sale is that the previous buyer had purchased the two units just four years ago. In 2007, …

Out and About in NYC… The Time Warner Center

This is the time of year that makes me happy to be a New Yorker.  The combination of sunshine and cool breeze equals perfection, and there’s nothing better than venturing outside to soak it in.  Today I headed to the Time Warner Center located in Columbus Circle for a fantastic setting for people-watching.
A huge, mixed-use, twin towered monstrosity constructed of glass, the Time Warner Center was completed in 2004, and consists of retail space, offices that include the headquarters of Time Warner, CNN TV studios, and 225 condominium apartments. Designed …

A Real Estate Blog by
A Real Estate Blog by CondoDomain