Author: theparknews

Crypto mogul and luxury real estate investor’s $36 million Manhattan glass box penthouse is listed by Netflix real estate star Ryan Serhant Australian crypto entrepreneur Kane Warwick rose to fame with his company Synthetix. Still, there’s nothing pretentious about the glass Manhattan penthouse he listed for $36.5 million through broker Ryan Serhant. The home is a distinctive structure, a glass townhouse atop a nine-story limestone condominium that houses 10 luxury apartments. Consisting of four stories and 7,500 square feet of interior space, the West Village home mirrors a similar structure in the building across the street. Don’t miss: Warwick founded…

(Bloomberg) — Mondelez International’s latest offer for Hershey Co. highlights the challenges posed by soaring cocoa prices and penny-pinching consumers, making the chocolate company more open to a deal than it was eight years ago. There is a possibility. . Most Read Articles on Bloomberg Bloomberg reported this week that Mondelez had taken a preliminary approach about a possible combination. If the deal goes through, it would create a food group with combined sales of about $50 billion and pose a bigger challenge to Mars, one of the world’s largest confectionery makers. The issue largely falls to the Hershey Trust,…

Hilton’s luxury hotel brand continues to expand globally, with plans to build more than 500 new hotels in major destinations including New York, Costa Rica, Athens and Osaka. This growth reflects the brand’s continued efforts to strengthen its position in the highly competitive luxury hospitality sector. LXR Hotels & Resorts is significantly expanding its presence with new properties planned in various locations around the world. In 2024, the brand will debut several high-profile properties in the U.S., including the Arizona Biltmore, Beach Village and Shore House at Hotel del Coronado, and Kalai Waikiki Beach in Hawaii. This expansion is consistent…

London, UK–(Newsfile Corp. – December 7, 2024) – Icona Capital, a leading alternative investment group, has acquired an island in the Maldives. The island is renowned for its pristine natural beauty and is also easily accessible for international travelers as it is located very close to both Male International Airport and Maamigili Domestic Airport. This acquisition marks a significant milestone in Icona Capital’s return to the ultra-luxury hospitality space. With an unparalleled track record of success and dedication to excellence, the acquisition of Icona Capital further underscores the company’s commitment to investing in unique, high-potential opportunities in the luxury hospitality…

BEXA and Sagewood Corporation have broken ground on a luxury waterfront development in Fort Lauderdale, Florida, USA. Sagewood Corporation will join BEXA as co-developer and general contractor on the View Pointe Residences apartment project. The groundbreaking ceremony was attended by Fort Lauderdale Mayor Dean Trantalis and key project executives. The collaboration between BEXA and Sagewood Corporation aims to deliver developments based on location, design and quality of life. Located near Las Olas Boulevard and Fort Lauderdale Beach, View Point Residences is designed to integrate with the surrounding luxury amenities. Featuring concrete and glass, the architecture reflects the region’s natural and…

(Bloomberg) – A cautious mood prevailed in markets ahead of a key U.S. jobs report that could give traders insight into the Federal Reserve’s policy direction. Most Read Articles on Bloomberg US stock futures showed small movements. The dollar has trended higher in nine of the past 10 weeks due to modest gains in the dollar. US Treasury yields continue to rise. The decline in oil prices extended into a third day. Economists estimate that U.S. nonfarm payrolls rose by 220,000 in November as employment rebounded from weather-related and strike-related disruptions. This is the last jobs report before the Fed’s…

While LVMH Moët Hennessy Louis Vuitton’s Bernard Arnault remains fashion’s richest billionaire, Inditex founder Amancio Ortega is closing the gap. In a new report analyzing the Forbes richest list from 2000 to 2024, management consultant Achim Berg writes, “The power dynamics among the wealthy are changing from the polarization that the fashion industry has experienced for years.” It’s a surprisingly accurate allegory.” While it dominates in terms of the number of billionaires and the net worth they generate, the premium and mid-market segments are under pressure. ” WWD details In fact, Ortega has amassed $20 billion in wealth in the…

(Bloomberg) – Blackstone Corp. is refinancing $550 million in municipal bonds for 8 Spruce Street, a 76-story residential tower in downtown Manhattan designed by renowned architect Frank Gehry. Most Read Articles on Bloomberg The New York City Housing Development Corporation is expected to price the debt on Tuesday on behalf of Blackstone, which bought the building from Brookfield Asset Management and Nuveen LLC in 2022 for $930 million. Approximately $204 million of the securities are tax-exempt and are part of the Liberty Bond Program, part of a federal stimulus package approved in 2002 to help lower Manhattan rebuild from the…

Dues at work for real estate agents: $400,000 “volunteer” salary, luxury hotels, golf retreats A New York Times investigation has revealed new details about lavish spending practices at the National Association of Realtors (NAR). At NAR, membership dues funded executive perks ranging from private club memberships to pet-sitting services. Don’t miss: Former CEO Bob Goldberg’s 2017 signing put a spotlight on the organization’s spending culture. It included a $75,000 club membership fee, first class travel for himself and his wife, a $1,500 monthly car allowance, and even dog-sitting services. Over five years, his compensation package increased from $1.2 million to…

Ultramarine Photo/Getty Images While there are benefits to receiving gifts from loved ones, some people prefer the experience. GetYourGuide, the world’s leading travel platform, found that 92% of U.S. consumers prefer gift experiences over physical gifts. This is largely due to the fact that experiences with loved ones can create lasting memories, but traditional gifts often do not. Read next: 6 US cities for a cheap luxury vacation Be careful: Why skipping your financial advisor can be your biggest money mistake For those who want to surprise their loved ones with a fun and luxurious experience, here are some gift…