Auction.com Allows Chinese Investors to Buy U.S. Real Estate from Home; NYC Remains the World’s Most Global City

By Diane Pham

May 21, 2015

Auction.com Allows Chinese Investors to Buy U.S. Real Estate from Home; NYC Remains the World’s Most Global City

A Time exec has bought Million Dollar Listing star Fredrik Eklund’s West 27th Street pad. [NYP]
Ziel Feldman’s HFZ Capital Group recently purchased one of the most expensive development sites ever sold in Manhattan, but he doesn’t plan on putting ultra-expensive condos up there—he’s opting for a small project instead. [Crain’s]
Pierhouse blocked from being constructed any higher. [TRD]
With Auction.com Chinese investors will be able to purchase U.S. properties from the comfort of their own homes. [Bloomberg]
New York remains the world’s most global city according to A.T. Kearney’s latest review. However, San Francisco is expected to grab hold of first in the near future. [Archinect]

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$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
tour the penthouse