Texas Billionaire Pays $46.5 Million for Colorado Ranch

Thursday, April 29th, 2010 at 11:16am. 1707 Views, 0 Comments.

Texas energy executive Kelcy Warren has bought a roughly 3,500-acre Colorado ranch for $46.5 million in what brokers believe to be the biggest residential sale in the U.S. this year.

The ranch, near Pagosa Springs, has acres of meadows and forests, plus lakes, seven miles of river and an 82-foot-long pool. There’s an almost 14,000-square-foot log cabin style main residence plus several guest cabins. There’s also a glass lodge with a retractable roof for spa activities.

Mr. Warren, whom Forbes in March welcomed into the ranks of the world’s billionaires, is chairman and chief executive of natural-gas pipeline operator Energy Transfer Partners LP, based in Dallas. He appears to be benefiting from the trend of slowing demand in uber-luxury real estate. The…

Luxury homes sales through the roof as buyers seek stable investment

Wednesday, April 28th, 2010 at 11:19am. 1096 Views, 0 Comments.

Country’s richest residents - as well as millionaires from China and United Kingdom - turning to property to provide safe haven for their money

 As the real-estate market in Canada continues its record-setting recovery, the market for high-end homes is surging.

The country’s richest residents – as well as millionaires from countries such as China and the United Kingdom – are turning to property to provide a safe haven for their money because the market is seen as a stable place to park cash as the global economy recovers from a deep recession.

Attributing the upswing in sales to “improved economic performance, increased personal wealth, immigration and foreign investment,” ReMax Canada said in a report Monday that sales for so-called luxury homes broke…

A New Sales Record in the Montréal Area

Thursday, April 15th, 2010 at 2:19pm. 1811 Views, 0 Comments.

 Île-des-Sœurs, April 9, 2010 – March 2010 real estate sales in the Montréal Metropolitan Area broke the last record by 12 per cent, which was set in March 2007, according to the Greater Montréal Real Estate Board's MLS® statistics.

Residential sales in the Montréal area increased by 38 per cent compared to March 2009, which was a recession month. Sales increased by 21 per cent compared to March 2008, prior to the start of the recession.

In March 2010, all property categories surpassed March 2008 sales levels. Plexes led the way with a 34 per cent increase in sales, while single-family home and condominium sales increased by 21 and 17 per cent, respectively.

“We believe that first-time buyers are very active in the market right now, as evidenced by our…

Black White and Read Masquerade Gala

Wednesday, April 14th, 2010 at 3:05pm. 1091 Views, 0 Comments.

Sotheby’s International Realty Canada’s Niagara-on-the-Lake office participated in the sponsorship of the Black White and Read Masquerade Gala held at the Leisureplex in Fort Erie on Saturday, April 10th.  This was a well attended fundraising initiative in support of the Adult Literacy Council. The Adult Literacy Council of Greater Fort Erie (ALC) was founded in November 1978 to provide help in basic reading, writing and math for members of the community who were no longer in the school system. The first tutor training workshop was held in January 1979 and since that time volunteer tutors have been matched with learners on an ongoing basis. In the photograph are (left to right) Glenn Brazeau, Nancy Brazeau, Douglas Martin, Mayor of Fort Erie, and the past…

Transformation du Ritz-Carlton: la facture bondit à 150 millions

Wednesday, April 7th, 2010 at 11:47am. 1114 Views, 0 Comments.

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