#luxury-compound

#luxury-compound

Once upon a time, hotel buffet conjured images of scrambled eggs and orange juice from a machine. Now? It's wagyu served up beside your waffles.

To find a building with this scale, flexibility, and existing group housing use in such a prime location is extraordinarily rare.

"There was so much beauty, so much more than enough for everyone, that it did appear to be a vain activity to try and make a corner in it." This quote captures the essence of Villa Beatrice, where beauty and luxury converge in a breathtaking setting.

I have not had a single person tell me that they're going to leave New York City, and I am transacting at a level that is significantly higher than before (Mamdani) was mayor, or before we knew he was going to become mayor, Elevated Team at Compass co-founder Zeve Salman told HousingWire. I have not felt a quantitative slowdown on what's going on in the market. It's been quite the opposite.

The street's ultra-luxury towers - from the first generation of supertalls west of Sixth Avenue that shaped the skyline, to mixed-use developments eastward 'driving the next phase of growth' - offer a dense concentration of cultural and lifestyle capital, paired with direct access to Central Park.

Earlier this week, former Howard Hughes CEO David Weinreb agreed to rent his West Chelsea penthouse for $177,500 a month, an eye-popping figure that followed a $95,000-a-month lease at a Naftali Group building on the Upper East Side in December. Data on trophy rentals is tough to pin down, but this is likely among the most expensive leases ever inked in New York City. The two hefty leases came as inventory for Manhattan's trophy rentals—which appraiser Jonathan Miller defines as the top 1 percent of the market, with rates starting at $25,000 a month—was down more than 40 percent year-over-year in January, as new leases climbed (albeit, at a more modest pace).

The corner of Sunset Blvd. and Alpine Drive became a traffic nightmare. Tour buses made it a stop. Tourists and locals alike milled about, gawked and took pictures. The neighbors were incensed. The "renovation" performed by Sheik Mohammed al Fassi, then 28, and his wife made them the talk of the town.

The home's got its marketing ground covered with some of Los Angeles' top names tapped to sell the property. Aside from Kirman, that group includes Christie's International Real Estate Southern California's Tomer Fridman, Sotheby's International Realty's Shauna Walters and Nicole Plaxen, Douglas Elliman's Jacob Greene and Josh Altman and Compass' Sally Forster Jones. Walters, who made the move to Sotheby's International Realty with her team co-founder Plaxen late last year, called out market dynamics where discerning buyers are leading conversations with sellers.