Cushman and Wakefield claims in its filing, 'Sotheby's has refused to pay C&W the $10.2 million commission it is owed, choosing instead to retain those funds to address its deteriorating financial condition to the detriment of C&W.'
Barratt Redrow's management indicated that while current trading remains resilient, the visibility beyond the current financial year is more uncertain due to external economic factors.
Originally known as Sneads Court on John Rocque's map of London in 1746, the area was wider and more of a courtyard than an alley. Over time, it was renamed Hertford Place and later Yarmouth Mews as the neighborhood evolved into larger hotels and grand houses.
Miller and Mars scoured lower Manhattan and Brooklyn for a brownstone that would meet their needs, but it wasn't until they discovered a gem nestled on a quiet Upper West Side block that they knew they'd found the one.
The agency has confirmed what it called a "very difficult" decision to close its last remaining office on Brompton Road, bringing an end to operations that once stretched from the Home Counties to Monte Carlo.
Galliard Homes reduced the amount of affordable housing in the project's housing stock from 35 per cent to just 10 per cent, citing increased construction costs and changing building regulations as key factors.
Even multimillionaires can't escape Britain's cowboy builders, it seems. Last week, residents of One Hyde Park, the UK's most expensive flats, won a 35m court case against the contractor that built their homes. The high court ordered the construction company Laing O'Rourke to fix defective pipework that was discovered to be causing problems in 2014, only three years after the luxury development was completed.
If you own a property in London, you have almost certainly thought about your EPC rating in the past twelve months. Mortgage lenders are paying closer attention to energy performance. Tenants are factoring running costs into rental decisions. And with the government signalling stricter minimum EPC thresholds for rented properties, a poor rating is no longer just a line on a certificate - it is a financial liability.
Residents of One Hyde Park - which in the past included celebs like Kylie Minogue and various billionaire tycoons - have won a decade-long court case over piping issues that cost 35 million. However, it may take years for the issues to be fully resolved, which could mean more construction work and disruption to come. According to building experts who weighed in on the case, the building work is highly complex and focuses on faulty soldered joints and butterfly valves in the buildings.
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.