Latest news with #Christie'sInternationalRealEstate
Yahoo
5 days ago
- Business
- Yahoo
Luxury Brokerage Christie's Allows Buyers to Purchase Real Estate With Crypto: NYT
Christie's International Real Estate has launched a dedicated division to facilitate real estate transactions conducted entirely in cryptocurrency, the New York Times reported on Thursday. Spearheaded by Aaron Kirman, CEO of a Christie's-affiliated firm in Los Angeles, the initiative follows several high-profile deals, including a $65 million Beverly Hills transaction where crypto was used exclusively. The new division comprises legal, financial, and crypto experts to handle peer-to-peer transactions without reliance on banks. The goal is to enable high-end buyers and sellers — often seeking privacy — to use digital assets seamlessly for real-world property acquisitions. With roughly 14% of Americans owning crypto, Kirman projects that digital currency could represent over a third of U.S. residential real estate deals within five years. The use of crypto offers enhanced buyer anonymity, often via LLCs funded directly with digital assets, making ownership harder to trace than traditional banking channels. Kirman's crypto-accepting portfolio now exceeds $1 billion in value, including marquee properties like the $118M La Fin in Bel Air and Joshua Tree's $17.95M Invisible House. Christie's did not respond to CoinDesk's request for further
ME Construction
02-07-2025
- Business
- ME Construction
Ardee launches sales of Fairmont Residences Al Marjan Island
Property Ardee launches sales of Fairmont Residences Al Marjan Island By Ardee's master agency Christie's International Real Estate, Ras Al Khaimah, are overseeing the GCC and international outreach Ardee has partnered with Fairmont Hotels & Resorts to launch the sale of its flagship branded residential project, Fairmont Residences Al Marjan Island. The sale, which commenced during a broker event in Dubai, aims to redefine traditional luxury through master-planned developments. The project boasts 523 residences, including beachfront apartments, townhouses, and villas ranging from one to six bedrooms. As part of the launch, Ardee also unveiled its exclusive Sea Villas, which offers expansive floor plans of approximately 1,850sqm and beyond, amenities, unobstructed sea views, private beach cabanas, and dedicated basement parking, designed for individuals seeking privacy, prestige, and exceptional amenities. Ardee's master agency Christie's International Real Estate, Ras Al Khaimah, are overseeing the GCC and international outreach, and will leverage Christie's global network and local expertise to drive awareness, attract buyers, and ensure transactions from initial inquiry through to handover. Bringing together the Fairmont brand and the ease of coastal resort living, residents will enjoy exclusive access to a private beach, Fairmont Fit Fitness Centre & Studio, family and kids' pool, adults-only sky pool, terrace & bar, resident owners' lounge, private dining room, boardroom, games room, kids' club, screening room, and wellness facilities including treatment rooms. All residences are also directly connected to the adjacent Fairmont Al Marjan Island resort, said a statement. Enhancing everyday living is a curated suite of à la carte services, including private chef experiences, in-home catering, childcare, dog walking, housekeeping, concierge support, and a home maintenance program designed for when residents are away. Buyers will also enjoy membership in the Accor Owner Benefits Program, which includes Diamond status in the Accor Live Limitless (ALL) programme, the ability to gift Gold status, and VIP privileges at over 5,700 hotels and resorts worldwide, it added. Spanning over 2.5m sqft, Ardee Al Marjan Island is designed as a lifestyle community. Blending luxury living with hospitality, retail, leisure, and entertainment, the master-planned development will feature branded and serviced residences, townhouses, and private villas, along with a luxury hotel, an immersive F&B and retail promenade, and diverse lifestyle amenities, all integrated into a future-forward coastal environment, the statement concluded.
Chicago Tribune
26-06-2025
- Business
- Chicago Tribune
Local real estate firms Baird & Warner and Dream Town to merge
Two of the Chicago region's largest independent real estate firms announced Thursday that they will merge operations, forming what company leaders say will be the second largest brokerage in Chicagoland, based on 2024 sales volume. The acquisition of Dream Town by Baird & Warner will result in a combined organization with nearly 3,000 agents, loan officers and other staff and a total of 30 offices throughout the city and suburbs. Dream Town CEO Yuval Degani said combining forces will ensure agents have access to the best technology, including AI, and allow them to stay independent and locally owned. 'Every major brokerage in town is now run by Wall Street or a hedge fund,' Degani said. The combination of Dream Town and Baird & Warner will create 'an even more competitive, locally committed and powerful independent alternative for agents.' The combined firm will operate under the Baird & Warner brand, and Degani will join company leadership as president of brokerage services. Dream Town agents will also have access to Baird & Warner's other businesses, including Key Mortgage and Baird & Warner Title Services. 'Throughout our 170-year history, we have sought to make bold moves that sharpen our competitive edge and enhance the value we bring to our agents and their clients,' Baird & Warner CEO Steve Baird said. The constant demand from real estate brokers for more advanced technology has helped lead many other firms, including local and national brands, to combine their efforts. New York-based Compass in January acquired Chicago-based @properties Christie's International Real Estate for $444 million. @properties had acquired Christie's International Real Estate, a global network in about 50 countries, in 2021. Recent litigation has also greatly changed how buyers acquire new homes. The Chicago-based National Association of Realtors and real estate brokerages nationwide agreed in 2024 to settle massive class-action antitrust lawsuits filed by home sellers who argued they were forced to pay inflated commissions to real estate brokers. The NAR agreed to pay out $418 million, and make commissions more transparent, requiring potential homebuyers to sign written agreements stating how their agents will be paid. 'Being small is almost impossible today because of technology and because of the needs of the agent — whether it be technology or marketing or training and coaching,' @properties co-founder Mike Golden told the Tribune in March. 'You're going to continue to see more consolidation, especially with the stuff that's happened with the litigation in our industry.'
Chicago Tribune
27-05-2025
- Business
- Chicago Tribune
Frankfort 4-bedroom house with 10 heated garage spaces: $4M
Address: 320 N. 95th Ave., Frankfort Listed: April 23, 2025 Price: $3,995,000 Listing agent: Jessica Jakubowski, @properties Christie's International Real Estate, 708-971-0060 This four-bedroom home with five bathrooms and two half-baths comes with 10 heated garage spaces: a four-car attached garage with 13-foot ceilings and a six-car detached garage with a bathroom. Outdoors, the house has an in-ground pool, a covered patio with built-in heaters, a misting system, a full kitchen and a fire-pit lounge. The ramada has a fireplace, outdoor TVs and a surround sound system. Inside, the house has white oak hardwood floors, custom millwork, a study and a formal dining room. The kitchen has double islands, Thermador appliances, a walk-in pantry, a butler's pantry and a full-size wine refrigerator. The adjacent family room leads to a four-season room with two NanaWall glass wall systems, a fireplace, a beverage refrigerator and custom built-ins. The main-level guest suite has an en-suite bath. The primary suite has a terrace, a digital steam shower and a walk-in closet. Upstairs, there are two more en-suite bedrooms, a fifth bedroom or workout studio with a built-in sauna and a second laundry room. The house also has a mudroom with built-in lockers. Some listing photos are 'virtually staged,' meaning they have been digitally altered to represent different furnishing or decorating options. To feature your luxury listing of $1,000,000 or more in Chicago Tribune's Dream Homes, send listing information and high-res photos to ctc-realestate@
Yahoo
25-05-2025
- Business
- Yahoo
Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
View from a villa at Palm Jumeirah, Dubai (Picture: Knight Frank) Following robust activity in 2024, the Dubai real estate market is expected to continue attracting demand from among the wealthy. According to a research report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) surveyed around the world have indicated interest in purchasing a property in Dubai, with an estimated US$10.3 billion ($13 billion) in private capital potentially being channelled towards the emirate's residential market. The steady demand has bolstered activity in Dubai's residential market, which logged record residential sales of nearly 170,000 homes last year worth a total of US$100 billion, says Knight Frank. That momentum has carried over into this year, with AED100 billion ($35 billion) in home sales already achieved as of March 4. Dubai property prices have also continued to rise, surging 19.1% in 2024 to hit an average of AED1,685 psf. At the same time, Dubai remains the world's busiest market for sales of homes priced over US$10 million, the report states. Last year, a total of 435 transactions in this bracket were recorded in Dubai, almost equalling the number of such deals logged in London and New York combined. Between January and March this year, 111 homes were sold for over US$10 million in Dubai. Read also: Christie's International Real Estate returns to Singapore'The super-rich remain laser-focused on purchasing luxury homes in the city, and this unrelenting demand has been a critical driver of Dubai being the world's busiest US$10 million+ homes market for the second year running,' says Shehzad Jamal, partner for strategy and consultancy at Knight Frank MENA (Middle East and North Africa). In its latest Destination Dubai report, Knight Frank surveyed 387 global HNWI across the UK, India, Saudi Arabia and East Asia (China, Hong Kong and Singapore) to gauge their appetite for investing in United Arab Emirates real estate. Over half of the respondents (52%) indicated they are interested in buying property in the UAE. "As we have found in our research in previous years and mirroring the experience of our teams, the strongest appetite for a real estate purchase in the UAE comes from those with the greatest wealth and is a testament to the success of the government's programmes to strengthen the emirate's appeal as a place for the world's wealthy to live and invest,' says Faisal Durrani, partner and head of research for Knight Frank MENA. Saudi Arabia and India HNWIs registered the strongest interest, with 66% and 41% of respondents indicating an intent to purchase a UAE property in 2025. For the UK and East Asia HNWIs surveyed, 17% of each cohort indicated a potential UAE property purchase this year. Knight Frank adds that among the East Asia HNWIs, those in Hong Kong displayed the strongest appetite, with 22% of respondents signalling the intent to buy UAE property in 2025. According to the survey, residential properties remain the biggest draw for global HNWI as compared to the commercial and retail segments. Additionally, Dubai remains the top target destination, with 71% of respondents naming Dubai as their preferred emirate. Read also: Dubai's real estate market on a hot streak See Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) Christie's International Real Estate returns to Singapore Dubai's real estate market on a hot streak Navigating the real estate market: From Singapore to Bali, Dubai, Japan and the UK En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available
