Latest news with #luxuryapartment
Yahoo
14-07-2025
- Business
- Yahoo
North Jersey luxury apartment complex sells for $85 million
A 197-unit luxury apartment complex in Morris Plains has sold to an undisclosed buyer for $85 million, the firm's real estate adviser announced on July 11. The buildings at the property — known as Signature Place — were constructed in 2018, said real estate services firm CBRE, which served as the adviser for the owner, Veris Residential. Property tax records show that for over a decade the site has been in the hands of the Jersey City-based real estate firm Mack-Cali, which later changed its name to Veris Residential and which owns several skyscrapers across Jersey City. Veris spent $930,000 on land improvements and nearly $56.5 million on building improvements, company public filings luxury property boasts a pool, fitness center, yoga studio, private movie theater, pet spa, golf simulator and clubroom with a fireplace and game tables, CBRE said. CBRE Vice Chairman Jeffrey Dunne said in a statement that the property would be a financial investment for the new owner. 'Signature Place benefits from its location in affluent Morris County,' he said. New Jersey, especially Jersey City right across the Hudson River from Manhattan, has become a more attractive place for affluent renters working in New York City, Veris CEO Mahbod Nia said in an April earnings call. 'Our assets do still carry significant appeal for people working in Manhattan and choosing to live over here given the benefits of the rent differential,' Nia told investors. Daniel Munoz covers business, consumer affairs, labor and the economy for and The Record. Email: munozd@ Twitter:@danielmunoz100 and Facebook This article originally appeared on North Jersey luxury apartment complex sells for $85 million
Daily Telegraph
01-07-2025
- Business
- Daily Telegraph
Nude model's money woes exposed
Given the couple's propensity for their Instagrammable lives to be also regularly snapped by the paparazzi, the recent on-again/off-again listing of the Darling Point apartment co-owned by nude artist Dina Broadhurst and her ex-partner, builder Max Shepherd, kept gossip column readers riveted for months until its recent sale. The price guidance for the Etham Ave garden apartment sat at $11.5m for its abandoned December auction, and by the time of its rescheduled June auction, had dropped to $8.4m. It apparently fetched $8m in its undisclosed pre-auction negotiations this month. MORE: Aus pub's $500m collapse, staff owed $7m There has been a continuing backdrop of intricate financing of their renovation project after kicking off with a standard NAB mortgage. The duplex apartment, with 280sq m of indoor-outdoor living space, had cost $5.2m unrenovated in 2022, which was followed by a 'Cinderella transformation' by emerging interior designer, Josh Knight from Glebe. 'No expense was spared to deliver a home of high-end luxury showcasing bespoke design by Studiojos,' its marketing advised. Though the couple had split by mid-2023 after 4½ years together, NSW Land Registry documents indicate that about April 2024, the duo secured second mortgage funding from Greg Reed's Benchmark Property Finance. MORE: Huge promise Hemsworths made about Byron Bay The extra $500,000 finance was obtained at 24 per cent for nine months to a total 70 per cent loan to value ratio. By last September, it sat at $1.16m with the funding agreement specifying the apartment needed to be listed for sale within five months with a 'reputable agent'. By February this year, the loan expiry date had been extended to August. It has also emerged that veteran Sydney businessman Basil Sellers had separately lent Shepherd $260,000 in 2022, with the amount owing at $358,000 last month. Shepherd moved on and stepped out with his Vanderpump Rules star girlfriend Vail Bloom, while Broadhurst remains devoted to her 365,000-strong Instagram following and her risqué self-portraits. One of her artworks has just been installed in the conference room of Ray White Touma Taylor in Redfern. MORE: Wild reason Aussie has 300 homes
News.com.au
30-06-2025
- Business
- News.com.au
Nude model's money woes exposed
Given the couple's propensity for their Instagrammable lives to be also regularly snapped by the paparazzi, the recent on-again/off-again listing of the Darling Point apartment co-owned by nude artist Dina Broadhurst and her ex-partner, builder Max Shepherd, kept gossip column readers riveted for months until its recent sale. The price guidance for the Etham Ave garden apartment sat at $11.5m for its abandoned December auction, and by the time of its rescheduled June auction, had dropped to $8.4m. It apparently fetched $8m in its undisclosed pre-auction negotiations this month. There has been a continuing backdrop of intricate financing of their renovation project after kicking off with a standard NAB mortgage. The duplex apartment, with 280sq m of indoor-outdoor living space, had cost $5.2m unrenovated in 2022, which was followed by a 'Cinderella transformation' by emerging interior designer, Josh Knight from Glebe. 'No expense was spared to deliver a home of high-end luxury showcasing bespoke design by Studiojos,' its marketing advised. Though the couple had split by mid-2023 after 4½ years together, NSW Land Registry documents indicate that about April 2024, the duo secured second mortgage funding from Greg Reed's Benchmark Property Finance. The extra $500,000 finance was obtained at 24 per cent for nine months to a total 70 per cent loan to value ratio. By last September, it sat at $1.16m with the funding agreement specifying the apartment needed to be listed for sale within five months with a 'reputable agent'. By February this year, the loan expiry date had been extended to August. It has also emerged that veteran Sydney businessman Basil Sellers had separately lent Shepherd $260,000 in 2022, with the amount owing at $358,000 last month. Shepherd moved on and stepped out with his Vanderpump Rules star girlfriend Vail Bloom, while Broadhurst remains devoted to her 365,000-strong Instagram following and her risqué self-portraits.
Yahoo
26-06-2025
- General
- Yahoo
We sold our home in the suburbs for a luxury downtown apartment, thinking we'd save money. It was an expensive mistake.
We were tired of the suburbs and thought living in downtown Tulsa would be a grand new adventure. So, we sold our home, signed a lease for a luxury apartment, and thought it was all going smoothly. The problems started as soon as our belongings were unpacked. When my husband and I signed our new lease, we were pumped for a fresh start. We were in our mid-20s and ready for a new adventure, but who knew we'd be stepping into one of the most expensive mistakes of our lives? It all started last April when we felt the itch for change. We wanted to remain in the same city because it was close to family, but our current routines felt draining. We'd also just faced a lengthy insurance claim and repair costs from severe storm damage. We thought: What if we could sell our starter home to pay off our student loans, have more disposable income, and save for a couple of years for our family dream home, all while renting a trendy place near downtown? At the time, it seemed like a no-brainer. A new luxury apartment complex seemed to check all the boxes. It was near the hustle and bustle of downtown Tulsa. While not a large city, Tulsa is up and coming and has a lot of noteworthy food, art, and music options, including a top-rated food hall in all of America, called Mother Road Market, right across the street from the complex. We'd also be located on the iconic Route 66, where every business boasts a show-stopping neon sign. Of course, there was an underlying nervous feeling, but we chalked that up to the possibility of taking a big leap. When we visited, some of the amenities were unfinished, but we were told that they were on track to be completed by our moving timeline. To us, the building felt luxurious; there were many community spaces to make new connections with people our age, and the process of selling our home was already going smoothly. We thought it was all working out as planned. So, a month later, once we closed on our house, we moved in. The problems started as soon as our belongings were unpacked. We immediately had many maintenance issues in our apartment — from the electrical, to the WiFi, to the stove, to the showers. Hardly any of the community amenities had opened up as promised. It seemed like nothing worked properly for a "luxury" complex. Just a week after moving in, we were tucked in for the evening when blaring fire alarms shook us from the comfort of our bed. We peeked into the hallway and made eye contact with our neighbors across the hall, all of us wondering if it was a real fire. Alongside our neighbors, pets in tow, alarms blasting in our ears, we made the trek to the apartment's courtyard to escape the incessant noise. We waited there for over an hour until the alarms stopped — at least for that night. Unfortunately, those alarms berated us at all hours of the day and night at least once every couple of weeks for the entirety of our residency. As we wound down after a fun night with friends, we heard water dripping in the hallway. Residents thought the leak upstairs was from the rain that day, but it was a fully burst water pipe that flooded all units below it, including ours. We broke our lease soon after, luckily without penalty. The whole ordeal of moving out of the luxury apartment (ironically right back to the area we started), buying new furniture to replace the damaged pieces from the flood, and then paying for the security deposit plus first month's rent in our new place cost us thousands that we weren't expecting to pay. Saying we were frustrated after taking out a renters insurance claim to replace our belongings just nine months after concluding a six-month-long homeowners insurance claim would be an understatement. We lived at the "luxury" apartment for only eight weeks, but due to displacement, we paid over $5,000 for hotel stays, meals, and furniture replacement that we had to wait for insurance to reimburse. We've been living comfortably in our new place for almost a year. Now that everything's settled, we joke that the suburbs called us home. If you're considering a crazy move, I can say from experience that the grass isn't always greener. Do your research, and make sure you have good insurance. Read the original article on Business Insider
News.com.au
13-06-2025
- Business
- News.com.au
Accent Group co-founder Michael Hapgood lists luxury Toorak digs
A co-founder of one of the largest players in Australia's footwear market is offloading his luxury Toorak apartment. Accent Group non-executive director Michael Hapgood and his wife Catherine have listed the three-bedroom residence in a boutique Mathoura Rd complex. Mr Hapgood has overseen huge growth at the retailer which has 800 stores, including The Athlete's Foot, Platypus and Hype, and dozens of big name brands like Dr. Martens, Vans and Saucony. Block buyer's huge Melb property prediction Far from a shoebox, the couple's spacious Toorak apartment includes a private temperature controlled wine cellar and a north-facing terrace. It is one of 10 residences in an exclusive Orchard Piper development on the edge of Hawksburn Village that was crowned the HIA's best $10m-$20m apartment complex in 2021. Kay & Burton, Stonnington agent Andrew Sahhar is calling for expressions of interest in the $4m to $4.4m property by June 24. He declined to comment on the apartment's ownership but said the design was a rare collaboration between Orchard Piper and architect Stephen Jolson. 'I was involved in selling the development off the plan and Orchard Piper and Stephen do have a very strong following,' Mr Sahhar said. 'Orchard Piper do specialise in doing house-sized apartments so you traditionally pick up that person coming from a large home in Stonnington or Boroondara.' He said the apartment stood out for its north-facing aspect, which floods the central living space and bedrooms with natural light. European oak flooring, custom joinery, natural stone, and two secure car spaces with internal lift access are among premium features. Mr Sahhar said a dedicated area on the complex's ground floor with a wine cellar for each residence was a rare luxury. 'It's a very well thought out floor plan,' he said. 'Both bedrooms are main bedroom size so there are two very large bedrooms and some people want to turn the third bedroom into a study so it's versatile.'
