For membership clubs and fine hotels, style is everything. This is especially true at The Ned NoMad, which is the newest membership club and hotel in New York City. Located at 1170 Broadway, the space was previously home to the NoMad Hotel. After the hotel closed in 2021, Membership Collective Group (MCG) took over the
Real Estate
Calling all enthusiasts of European and modern design: this extensively remodeled, transitional home in Portland, Oregon, features a combination of contemporary flair, traditional elements and exquisite details. Built in 1982, the 7,700-square-foot home also benefits from its location in the Dunthorpe suburb, one of the most sought-after neighborhoods in the area. Throughout the years, the
We reached Javier Sempere in Alicante, Spain during the peak of his country’s preeminent festival–the Bonfires of Saint John. Held during midsummer, Alicante’s raucous lineup of parties, rituals and street dancing is the largest such bonfire bash in Spain. “The whole city is on fire tonight,” says Sempere from his recently renovated three-story home with
While most fundraisers, especially in the Hamptons are beautifully designed, it’s rare to have an event as full of design inspiration as the Holiday House Hamptons Coming Together Tabletop Event, which took place on July 20, 2022 at Topping Rose House in Bridgehampton. The event featured sixteen designers and their tablescapes including ABC Carpet &
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Just one day after the Federal Reserve raised its benchmark
The Manhattan sales market has slowed down. Compared to last year, contracts signed in May, June, and July are down an average of 25%. The prime reasons for this: rising mortgage rates, increasing inflation, and recessionary fears. No matter the cause, the drop in volume has forced sellers to compete on price. As a result,
Voice control technology is becoming increasingly popular in our lives and homes. More than a third of Americans own a smart speaker – that’s about 100 million users – according to National Public Media’s 2022 Smart Audio Report and 86% agree that they “allow for a more convenient living experience.” In a study of kitchen
West Lake Hills, Texas, is a family friendly city six miles west of Austin’s downtown. Characterized by woodlands, rolling terrain and quiet streets, the Hill Country community has been named the best place to retire in the Lone Star State by niche.com. Despite the rural vibe, hiking and biking trails, parks, restaurants and shopping are
The estimated second-quarter Gross Domestic Product (GDP) data released on Thursday shows the U.S. economy teetering on the edge of recession, with an overall inflation-adjusted GDP decline of 0.2%. If we do get a full-blown recession, it will be tied to the sharp declines in housing and residential investment, which fell by 14% in the
Americans want to know: Is this a recession or not? Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed
The finest and most successful hoteliers understand they can’t survive without impeccable customer service. In those environments, the bar is set at concierge-level professionalism, exclusive and personalized experiences and top-notch amenities. For office building owners looking to increase occupancy, the hospitality industry is full of inspiration. In an office building, stand-out hospitality is achieved with
Manhattan’s Puck Building, located at the intersection of Nolita, the Bowery, Soho and Greenwich Village, was built between 1886 and 1893, an example of the German Rundbogenstiel (round-arch) style of architecture designed by Albert Wagner. The building is owned by Kushner Properties, the company of Charles Kushner and his son, Jared, son-in-law of former President
In this article CTRN The cost of borrowing is getting more expensive for American households. With Wednesday’s 0.75-percentage-point interest rate hike, the Federal Reserve has raised benchmark short-term borrowing rates 225 basis points, or 2.25%, since March in an effort to curb unrelenting inflation. The federal funds rate, which is set by the U.S. central bank, is
During the first six months of 2022, New York City’s Investment Sales market experienced both volume and pricing growth. The market came off a strong year in 2021 and the economic drivers and demand were dominant. Dollar volume in New York City totaled $22 billion in 1H 2022, up 181% year-over-year. In fact, in the
As Congress investigates potential factors that are contributing to today’s housing shortage, a new Realtor.com analysis shows investors scooped up a record share of for-sale homes in the spring home buying season. While investor purchases softened in January and February, investor purchases in April were up 31% over the same time in 2021 and 64%
Massive, multimillion dollar mansions may seem de rigueur in Toronto’s tony Bridle Path neighborhood, but there are firsts among equals. A prime example of the top-tier estates for sale in the North York enclave is this 18,276-square-foot mansion and detached coach house set on two manicured acres. Iron gates open to a circular motor court
Federal Reserve officials made history on Wednesday by hiking rates by three-quarters of a percentage point for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation, but risking a sharp blow to the economy. Policy makers, facing the hottest price pressures in 40 years, lifted the
The Federal Reserve raised the target federal funds rate by another 0.75 percentage points at the end of its two-day meeting Wednesday, in an effort to curb unrelenting inflation. Fed officials have already raised benchmark short-term borrowing rates 1.5 percentage points this year, including June’s 75-basis point increase, which marked the largest increase in nearly three decades. The
The hottest trend in real estate is the built-for-rent single-family home business (”BFR”), but now that mortgage rates have doubled, the stock market has gone bearish, home sales are crashing, and the talk of possible recession is on the wind, investors in this segment are asking more questions about potential risks. There are some legitimately
A “Sale Pending” sign outside a house in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Signed contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since
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