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Modern house 229
Uzes, France
Price : 1,365,000 €
Modern house built in 2000, of approximately 218sqm useful floor area, including: living room with fireplace, kitchen, 3 bedrooms, bathroom, 2 shower rooms, mezzanine, terrace and independent studio. On beautiful land with trees and swimming pool.
Harrah’s Entertainment, Inc., just announced an approximately $1 billion expansion of one of our all-time favorites, Caesars Palace in Las Vegas. This is a key initiative in the development of the renowned Caesars brand. For all of you vacationers, this expansion is another project in the extensive growth announced in the past few months by Harrah’s, including:, London Clubs International, Margaritaville Casino & Resort in Biloxi, Miss., The Pier at Caesars® Atlantic City, a new hotel tower at Harrah’s Atlantic City, a new hotel at Harrah’s New Orleans, and a substantial expansion to the Horseshoe Casino in Hammond, Ind.
The centerpiece of the expansion is a luxurious new 665-room hotel tower — the Octavius Tower. Three new luxurious pool villa suites will be built along the second floor of the new tower and will overlook three more new swimming pools that will rim an expanded outdoor whirlpool spa retreat, a poolside café and nearby garden wedding venue. We were told the expansion is slated for completion in early 2009.
Gary Loveman, chairman, chief executive officer and president of Harrah’s told me “This billion dollar investment in our flagship property, Caesars Palace in Las Vegas, is an important part of our comprehensive global growth strategy. From the United Kingdom to Las Vegas and beyond, we will continue to enhance our network of superb properties to deliver unforgettable guest experiences and provide good jobs for our nearly 100,000 team members around the world.”
We are planning to feature an exciting home every week here on the LoftyFinds.com blog. We hope to bring you some great homes from around the world. It doesn’t have to be listed on our free listing service to be featured, but it doesn’t hurt your chances either.
83 The Bridle Path
Toronto, Ontario, Canada
Price: $16,000,000
18,000 Sf. Glass House Designed/Built By Tas; Modernism, Minimalistic Extravagance & Contemporary Styles; ‘The Sensual Space’ Explores Metal, Wood, Water, Fire & Earth. Alive, Dynamic With Sense Of Autonomy.
EXTRAS: 10 Bathrooms, Piano-Curved Zinc And Glass Outside Wall, Clerestory Windows And Loft-Style Windows Thru-Out, 3 Distinct Components; Entry Pavilion, Family Tower And Public Wing; Central Courtyard; Basketball Court-combined-Theatre Room.
It appears to be the last episode of the Harlem House a series from Dwell.com. I would have liked to see more of the house, but maybe a follow up show will be done
A mansion that once belonged to publishing magnate William Randolph Hearst was put on the market Monday for $165 million.
The seller, attorney-investor Leonard Ross, bought the Beverly Hills property in 1976 and is seeking a “lifestyle change,” said his real-estate broker, Stephen Shapiro. It is believed to be the most expensive residential listing in the United States.
The asking price surpassed the $155 million being sought by developers of a 10-bedroom estate in Montana’s Big Sky country, and the $135 million price of an Aspen, Colo., compound owned by Saudi Prince Bandar bin Sultan, former ambassador to the United States.
Hearst bought the mansion in 1947 for about $120,000. The 1920s-era, pink stucco estate is shaped like the letter H and is spread across 2.63 hectares north of Sunset Boulevard.
It boasts three pools, 29 bedrooms, a movie theatre, a disco and separate residence for the security staff.
Hearst hosted frequent parties for the famous and powerful there. John F. Kennedy and his bride, Jacqueline, spent part of their honeymoon at the estate in 1953. The pair later returned when the mansion was used as the West Coast campaign headquarters for Kennedy’s presidential campaign.
The estate was also featured in the film “The Godfather.”
1. Evaluate your existing exposure. “People who already own a house should make sure they evaluate the percentage of real estate exposure already in their investment portfolio and then decide if they want to invest more,” says BMO economist Michael Gregory. “Evaluate whether the benefits you earn from tax breaks on your second house are worth the risks associated with investing more.”
2. Identify what is it you really want from the property. “Do you want to make a quick $30,000 in a very short period of time or would you be happy with earning $800 to $1,000 a month for the rest of your life?” asks Ozzie Jurock, former president of Royal Le Page and a Vancouver-based real estate author and TV personality. Jurock says investing in smaller towns is a good bet because even if the property does not substantially appreciate, one can always be assured of a fixed income for life through manageable rents.
3. Ignore national statistics. Focus on the numbers and trends that directly affect your market. Check if population growth, average income and job creation are faster than the provincial average, say experts. Also key is whether a major transportation improvement is occurring nearby. And don’t let a single booming industry (such as automotive) or one high-growth sector (such as oil) influence long-term investing decisions.
IS THE AREA AFFORDABLE?
4. Is the area’s affordability index in the hot zone (between 25 and 39 per cent)? RBC puts up a free affordability index chart on its website that can help investors. Experts say you don’t want the property to be too expensive or too cheap: Too cheap and the renters become buyers; too expensive and property values may stall.
5. Buyer beware is still the golden rule says Maria Britto, former president of the Brampton Board of Trade, and realtor at Remax Realty Specialists Inc. Brokerage. Keep on top of real estate rules by contacting the governing bodies in the industry, such as the Canadian Real Estate Association, says Britto. For example, recent rule changes mean agents now need to sign contracts with buyers in an arrangement similar to what they do with sellers.
6. Use an experienced broker. Once you get your research done, use a broker who specializes in buying and selling houses for real estate investing.
7. Start small. For the first-time investor, Britto recommends trying a free-hold townhome (which doesn’t have maintenance fees). “These are not only affordable, but there’s always a good supply and demand for them and they can give you an affordable income,” she says. This holds true in bigger cities such as Toronto, Vancouver, Montreal and Calgary, where immigrant populations are high. New immigrants prefer to rent for their first few years in the country and they tend to choose locations close to transportation systems, malls and grocery stores.
Is the location forward looking? Don Campbell, author of 97 Tips for Canadian Real Estate Investors, says it is crucial to determine whether the provincial and local political leadership creates a “growth atmosphere.” One way to tell is by looking at whether the region’s economic development office is helpful. If they are difficult to deal with, you can assume they will be the same in their dealings with potential employers looking to move to the area, says Campbell. Also, check to see whether the area’s infrastructure — sewers, commercial and industrial space — is being built to handle future growth.
ARE BABY BOOMERS MOVING IN?
9. Is the area attractive to baby boomers? Check whether there are lifestyle options such as parks, recreation or water facilities nearby. The 2006 Statistics Canada census data shows that places such as British Columbia’s Okanagan region has seen a significant increase in population since the last census as baby boomers look for attractive retirement locations.
10. Think suburban. The 2006 census report talks of the suburbanization of Canada. Larger lots and lower real estate prices are drawing more people to the suburbs and bedroom communities that are mushrooming across the country. For example, Chestermere, outside Calgary, has grown by 148 per cent.
The South Brea Lofts went on sale June 23, and 19 units were sold in just two days.
The project includes 47 live/work lofts and 7,500 square feet of retail space, which may include a coffee or a sandwich shop.
Prices for the lofts start in the low- to mid-$700,000s and each resident will get their own GEM Neighborhood Electric Vehicle as part of the sale.
Work on the project began in March 2005 and is part of the city’s effort to revamp the look of South Brea.
The Spanish-style architecture was chosen by CWI Developers to complement the building in the area.
The 3-acre stretch on the 500 block of South Brea Boulevard was once home to a run-down strip mall with a drive-through dairy, a Chinese restaurant, a sewing and vacuum repair shop and a discount cigarette shop.
The site was originally owned by the CIM Group and the space was earmarked for a 68-unit apartment complex.
In February 2005, CIM pulled out of the deal and CWI Developers Inc., took over and introduced the live/work loft concept.
The lofts are intended to help cut down on traffic, save money and increase a business’ productivity, according to CWI President Kevin Weeda.
Many of the unit sit atop a 600-square-foot ground space, which may be used for an office, light retail or a service business.
Models are available for tours Saturdays and Sundays from 11 a.m. to 5 p.m. or by appointment. Call 714-256-9006 for more information.
