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Sonoma Valley Market Snapshot

Home of the Week

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March 23, 2023

A New Entertainer’s Paradise from Bowery Design Group and Faye Resnick Debuts in Bel Air

A breathtaking achievement in contemporary design, this exceptionally private, approximately 1.3-acre Bel Air architectural estate is perfectly realized for a lifestyle of incomparable luxury and spectacular entertaining. To maximize sunrise-to-sunset city and ocean views, Bowery Design Group created grand-scale rooms and dramatic wraparound terraces. Walls of glass capture an ever-changing panorama of color and sparkling lights, or vanish entirely as they open seamlessly onto expansive indoor-outdoor settings for dining, entertaining and lounging. Complemented by amazing sightlines, fine finishes and interior design by Faye Resnick, the estate’s majestic amenities include a large indoor atrium and water wall, dual chef’s kitchens with a pantry, a 12-seat theater, an office, a wine room, a custom bar and lounge and an indoor-outdoor gym with a steam room and sauna. Seven bedroom suites include staff quarters and a divine primary suite complete with sitting area, fireplace, two gorgeous walk-in closets, a luxurious spa-style bath and a huge view terrace with more seating and a fire feature. In addition to an outdoor kitchen and a dining pavilion, the home has ocean-view swimming pools and huge entertaining decks on two levels, including a 73-foot pool that seems to vanish over the edge of the property. Set behind gates on an ultra-private, tree-lined road just minutes from some of the finest shopping and dining in Southern California, the estate has two garages with parking for five vehicles, plus a rich array of smart-home technology. An architectural masterpiece of uncommon beauty and luxury, this stunning estate is a private haven of peerless quality. View the complete listing by Jade Mills of Coldwell Banker Realty in Beverly Hills. The post A New Entertainer’s Paradise from Bowery Design Group and Faye Resnick Debuts in Bel Air appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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Travel

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March 21, 2023

American Express Unveils an Exclusive New Lounge in Midtown Manhattan

New York City, home to the statue of liberty, towering skyscrapers, and some of the nation’s most notoriously difficult-to-snag dinner reservations. The Big Apple’s longstanding reputation for dining exclusivity continues with a new lounge opening this month, courtesy of American Express. Photo by David Vives on Unsplash Taking over the entire 55th floor of the One Vanderbilt building and dubbed “Centurion New York,” the 11,500-square-foot club will be exclusive to Amex black Centurion cardholders. The lounge will feature a diverse range of dining options, ranging from casual to fine dining, all curated by Michelin-starred chef, Daniel Boulud. Moreover, sommeliers will be present to assist patrons with their wine selections, and there will be a private dining area and much more. Epic views span from the Chrysler Building to the Empire State Building and One World Trade Center in the distance, and every memorable NYC landmark in between. Centurion card members will be welcomed to simply walk into the Centurion New York and will be able to bring guests with them. Limited reservations may be available to the public through Resy, but will depend on availability. In addition to dining experiences, the lounge will feature programming focused on art, culinary, culture, and more that are exclusive to Centurion card members. The ultra-chic interiors were imagined by George Yabu and Glenn Pushelberg of Yabu Pushelberg, who have an international design practice with headquarters in Toronto and New York. Their previous hospitality experience, which includes The Miami Beach Edition and The London Edition, the Four Seasons New York Downtown, The Londoner, and Park Hyatt Shenzhen, is expressed throughout the sweeping space as muted blush pink tones mix with petite velvet sofas and hand-knotted rugs designed by the firm. Encompassing the space are: a lounge area, several multipurpose rooms, a large event space, two restaurants with menus designed by Boulud (a casual à la carte and a fixed-menu fine-dining experience), a wine room stocked with vintages curated by Daniel Johnnes, a cocktail bar, and even a secret bar (done by ‘invite only’ at the management’s discretion). The Centurion card is available by invitation only, but interested customers can request to be considered online. New card holders must pay a $10,000 initiation fee and a $5,000 annual fee, according to CNBC. The post American Express Unveils an Exclusive New Lounge in Midtown Manhattan appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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Luxury Real Estate

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March 20, 2023

Dubai Real Estate is Booming. Here’s the What, Where, and Why.

While the real estate market has cooled in some areas, there’s one spot that’s as hot as the sun that shines down on it 342 days a year: Dubai. February 2023 was the most successful February on record in the United Arab Emirates (UAE) city, with 8,515 real estate transactions, according to real estate adviser CBRE. That was a 43.9% increase from 2022. Add in January 2023, and you have 17,741 residential real estate transactions — also a record for the first two months of the year. During this time, average overall prices in Dubai rose by 11.5% and the average villa (what Dubai calls a family home) price rose by 13.6%. Pexels/Next Voyage This is on the heels of a record 2022 that saw 90,000 transactions — about 10,000 more than the previous record, set in 2009. In 2021, that number was just over 60,000. Numerous real estate authorities had predicted a more modest uptick in Dubai real estate sales this year. But after that scorching 2022, the first quarter of 2023 is off to a robust start. So why is Dubai so hot? It’s a Tax Haven Dubai has long attracted buyers and investors from around the world thanks to its favorable tax climate — no income tax or sales tax on most goods and services. The UAE initiated a 5% value-added tax (VAT) in 2018 and intends to start collecting a 9% corporate business tax in June 2023. But while Dubai will no longer be tax free, it’s important to note that the average corporate tax rate around the world is 23.64% and the average VAT rate is 19%. Visa Reforms Make it Easier than Ever to Stay Several initiatives have been geared toward attracting high-net-worth individuals (HNWI) and investors since the UAE launched its 10-year-residency Golden Visa in 2018. More recently, the UAE eased restrictions on tourist visas, improved access to the Golden Visa, and amended the federal Commercial Companies Law, allowing foreign investors 100% business ownership. Interest Rate Fluctuations Are Mostly Irrelevant The rise in interest rates has had an impact on real estate sales overall. But we know HNWIs are far less impacted because of their cash purchases. That’s especially true in Dubai, where foreign investment fuels cash purchases at 70–80% of total real estate sales. The Real Estate is Outrageous Dubai is already home to the world’s tallest building (Burj Khalifa), its largest man-made marina (Dubai Marina), and one of the largest artificial islands (Palm Jumeirah). Pexels/Jenis Christopher This palm tree-shaped island is home to top luxury resorts including Atlantis, The Palm, and FIVE Palm Jumeirah Hotel; high-end beach clubs; fine dining; the retail and entertainment mecca of The Pointe; and The Palm Fountain, the world’s largest dancing fountain. It’s also where much of Dubai’s recent real estate success is concentrated. A villa sold for $82 million last year, setting a record as the most expensive home ever sold in Dubai. Meanwhile, sales on the island surged more than 100% in 2022. Ready to make your move to Dubai? If so, you probably have your eye on Palm Jumeirah. Here are the hottest listings on the island. Frond M Dubai, AE 6 Bedrooms 6 Baths This modern, glass, waterfront manse features a stunning new chef’s kitchen, grand entertaining spaces, exquisite finishes, and incredible open ocean and Dubai marina views from nearly everywhere in the home. Outside, the Estudio Arqué glass mosaic infinity pool, is a showstopper. This home is available for sale for $21,508,878. XXII Carat Palm Jumeirah 7 Bedrooms 7 Baths This luxury villa is ready to be completed to your specifications, with a fully customizable floorplan, high-end finishes, and an individualized landscape design. The villa is set on more than a third of an acre in XXII Carat, a collection of 22 luxury villas on the Palm Jumeirah featuring its own private beach. This home is available for sale for $13,989,765. Signature Villas Frond N Dubai, AE 7 Bedrooms 8 Baths This villa features a jaw-dropping interior to match its remarkable setting on the island’s exclusive Frond N. All bedrooms are en-suite, with bathrooms boasting 24-carat gold faucets. Floor-to-ceiling windows and sliding doors reveal views of Dubai Eye and the Dubai skyline, and the infinity pool showcases 24-carat-gold leaves. This home is available for sale for $13,069,457. Frond G Dubai, AE 4 Bedrooms 4 Baths Views of the iconic Burj Al Arab from the front yard, and of the Atlantis Hotel from the backyard — it doesn’t get much better than that. This state-of-the-art custom villa has floor-to-ceiling windows, a private pool, and separate staff accommodations. This home is available for sale for $10,891,214. Pearl Jumeirah Villas Dubai, AE 7 Bedrooms 8 Baths Contemporary yet ornate, this exceptionally detailed custom estate includes a houseful of coveted features including a home theatre, library, gym, sauna, basement, and private elevator. Pearl Jumeirah is an island just off Jumeirah Beach that’s home to its own Town Centre and the five-star Nikki Beach Resort & Spa. This home is available for sale for $6,262,448. You can see more Dubai properties for sale on Coldwell Banker Global Luxury. The post Dubai Real Estate is Booming. Here’s the What, Where, and Why. appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

title

Luxury Real Estate

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March 20, 2023

Dubai Real Estate is Booming. Here’s the What, Where, and Why.

While the real estate market has cooled in many areas, there’s one spot that’s as hot as the sun that shines down on it 342 days a year: Dubai. February 2023 was the most successful February on record in the United Arab Emirates (UAE) city, with 8,515 real estate transactions, according to real estate adviser CBRE. That was a 43.9% increase from 2022. Add in January 2023, and you have 17,741 residential real estate transactions — also a record for the first two months of the year. During this time, average overall prices in Dubai rose by 11.5% and the average villa (what Dubai calls a family home) price rose by 13.6%. Pexels/Next Voyage This is on the heels of a record 2022 that saw 90,000 transactions — about 10,000 more than the previous record, set in 2009. In 2021, that number was just over 60,000. Numerous real estate authorities had predicted a more modest uptick in Dubai real estate sales this year. But after that scorching 2022, the first quarter of 2023 is off to a robust start. So why is Dubai so hot? It’s a Tax Haven Dubai has long attracted buyers and investors from around the world thanks to its favorable tax climate — no income tax or sales tax on most goods and services. The UAE initiated a 5% value-added tax (VAT) in 2018 and intends to start collecting a 9% corporate business tax in June 2023. But while Dubai will no longer be tax free, it’s important to note that the average corporate tax rate around the world is 23.64% and the average VAT rate is 19%. Visa Reforms Make it Easier than Ever to Stay Several initiatives have been geared toward attracting high-net-worth individuals (HNWI) and investors since the UAE launched its 10-year-residency Golden Visa in 2018. More recently, the UAE eased restrictions on tourist visas, improved access to the Golden Visa, and amended the federal Commercial Companies Law, allowing foreign investors 100% business ownership. Interest Rate Fluctuations Are Mostly Irrelevant The rise in interest rates has had an impact on real estate sales overall. But we know HNWIs are far less impacted because of their cash purchases. That’s especially true in Dubai, where foreign investment fuels cash purchases at 70–80% of total real estate sales. The Real Estate is Outrageous Dubai is already home to the world’s tallest building (Burj Khalifa), its largest man-made marina (Dubai Marina), and one of the largest artificial islands (Palm Jumeirah). Pexels/Jenis Christopher This palm tree-shaped island is home to top luxury resorts including Atlantis, The Palm, and FIVE Palm Jumeirah Hotel; high-end beach clubs; fine dining; the retail and entertainment mecca of The Pointe; and The Palm Fountain, the world’s largest dancing fountain. It’s also where much of Dubai’s recent real estate success is concentrated. A villa sold for $82 million last year, setting a record as the most expensive home ever sold in Dubai. Meanwhile, sales on the island surged more than 100% in 2022. Ready to make your move to Dubai? If so, you probably have your eye on Palm Jumeirah. Here are the hottest listings on the island. Frond M Dubai, AE 6 Bedrooms 6 Baths This modern, glass, waterfront manse features a stunning new chef’s kitchen, grand entertaining spaces, exquisite finishes, and incredible open ocean and Dubai marina views from nearly everywhere in the home. Outside, the Estudio Arqué glass mosaic infinity pool, is a showstopper. This home is available for sale for $21,508,878. XXII Carat Palm Jumeirah 7 Bedrooms 7 Baths This luxury villa is ready to be completed to your specifications, with a fully customizable floorplan, high-end finishes, and an individualized landscape design. The villa is set on more than a third of an acre in XXII Carat, a collection of 22 luxury villas on the Palm Jumeirah featuring its own private beach. This home is available for sale for $13,989,765. Signature Villas Frond N Dubai, AE 7 Bedrooms 8 Baths This villa features a jaw-dropping interior to match its remarkable setting on the island’s exclusive Frond N. All bedrooms are en-suite, with bathrooms boasting 24-carat gold faucets. Floor-to-ceiling windows and sliding doors reveal views of Dubai Eye and the Dubai skyline, and the infinity pool showcases 24-carat-gold leaves. This home is available for sale for $13,069,457. Frond G Dubai, AE 4 Bedrooms 4 Baths Views of the iconic Burj Al Arab from the front yard, and of the Atlantis Hotel from the backyard — it doesn’t get much better than that. This state-of-the-art custom villa has floor-to-ceiling windows, a private pool, and separate staff accommodations. This home is available for sale for $10,891,214. Pearl Jumeirah Villas Dubai, AE 7 Bedrooms 8 Baths Contemporary yet ornate, this exceptionally detailed custom estate includes a houseful of coveted features including a home theatre, library, gym, sauna, basement, and private elevator. Pearl Jumeirah is an island just off Jumeirah Beach that’s home to its own Town Centre and the five-star Nikki Beach Resort & Spa. This home is available for sale for $6,262,448. You can see more Dubai properties for sale on Coldwell Banker Global Luxury. The post Dubai Real Estate is Booming. Here’s the What, Where, and Why. appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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10 over $10 Million

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March 17, 2023

10 Over $10 Million: March 2023 Edition

From the Bahamas to the Côte d’Azur and from California to Florida, the dream settings of these 10 recently listed properties from the Coldwell Banker Global Luxury program make them worth buying alone, but their five-star amenities – and in most cases – waterfront settings take them to the edge of property perfection. 46 Deep Sea Newport Coast, CA. $58,888,000 Meticulously designed and constructed for a lifestyle of luxurious comfort, this six-bedroom, front-row Crystal Cove estate is the very definition of seamless indoor-outdoor living. The residence features unobstructed ocean and island views, a 78-foot triangular infinity pool, vanishing walls of glass, and rooms of majestic style and craftsmanship. Highlighted by manicured tropical foliage and efficient, ultra-smart home state-of-the-art technology, additional features include an elevator, a garage with four charging stations and an abundance of lavish resort-style amenities. Listed by Garrett Weston of Coldwell Banker Realty in Newport Beach Saint-Jean-Cap-Ferrat Provence-Alpes-Côte d’Azur, France $63,714,559 A villa of exceptional luxury with breathtaking panoramic views of the Mediterranean from every room, this eight-bedroom contemporary estate is designed for sophisticated living and entertaining on the French Riviera. Features include gorgeous view terraces, indoor and outdoor swimming pools, beautiful grounds and gardens, plus a funicular and three lifts. Along with state-of-the-art home automation and security, the air-conditioned home includes a fully equipped gym, massage room, Jacuzzi, steam room and sauna. Listed by Alexis Regnault of Coldwell Banker Standing Realty in Nice 55 Beverly Park Way Beverly Hills, CA. $48,500,000 Sophisticated vision, curated finishes, and up-to-the-minute amenities add up to an opulent French chateau-style compound in a picturesque setting of formal gardens with pools, fountains, tennis court, guest house and unrivaled opportunities for sublime living and expansive entertaining. On approximately 2.89 acres within guard-gated Beverly Park, the Bob Ray Offenhauser design includes a seven-bedroom main house and a two-bedroom guest house. Special features include a gold-leafed domed foyer, a formal dining room seating 20, a loggia with an outdoor fireplace, an 1,800-bottle wine cellar, a theater, gym, library, outdoor kitchen and elevator. Listed by Jade Mills of Coldwell Banker Realty in Beverly Hills 4689 Via Roblada Hope Ranch, CA. $14,500,000 A garden estate of exceptional grace and beauty, this two-story, five-bedroom Hope Ranch estate blends old-world distinction and craftsmanship with the layout and amenities that suit a contemporary lifestyle. A light-filled grand foyer with double-height ceiling and a sculptural curved staircase sets the tone for a home of particular comfort, with spacious rooms, superb design and lovely garden terraces for entertaining and relaxation. Additional features include pool, pond, greenhouse and primary suite with a private balcony and stunning mountain views. Listed by Randall Solakian of Coldwell Banker Realty in Montecito 365 Arvida Parkway Coral Gables, FL. $31,750,000 A study in symmetry and grace, this stunning Gables Estates residence blends formal elegance with exceptional comfort. With 180 feet of waterfront and direct access to Biscayne Bay, the eight-bedroom, open-plan home and resort-style grounds are ideal for both casual family living and grand-scale entertaining. Along with a large infinity-edge pool, the home features a cabana, covered terraces, a summer kitchen and a private dock. Listed by Judy Zeder and Nathan Zeder of Coldwell Banker Realty in Coral Gables 2511 Lake Avenue Miami Beach, FL. $45,000,000 A enviable combination of idyllic location and celebrity design, this Sunset Island II residence is one of South Florida’s most sought-after estates. Architect Walter Chatham and interior designer Julie Hillman transformed this Spanish-style residence into an oasis of remarkable beauty and comfort. With 163 feet of waterfront, the gorgeously landscaped property has a private dock, guest house, pool, half basketball court and ample room for outdoor dining and entertaining, plus a dream kitchen and a lavish primary suite with a Zaha Hadid-designed principal bathroom. Listed by Jill Hertzberg and Jill Eber of Coldwell Banker Realty in Miami Beach 310 E Alexander Palm Road Boca Raton, FL. $22,500,000 A study in symmetry and elegance, this six-bedroom SRD Signature Estate commands 100 feet of deep-water frontage on the Royal Palm Waterway with unobstructed views of Capone island. Sensational details include European white oak floors, dual-island chef’s kitchen, a huge poolside covered loggia and summer kitchen for outdoor living, dining and entertaining, a club room with billiards and tempered wine storage, smart-home technology and serene décor by P & H Interiors. Listed by Jonathan Postma of Coldwell Banker Realty in Boca Raton 682 17th Ave S Naples, FL. $18,900,000 Custom-built by Oakley Home Builders and furnished by Clive Daniel, this brand-new, five-bedroom architectural estate has direct Gulf access, two stories of contemporary elegance and expansive outdoor living spaces. Designed for generous entertaining, the home features a waterfront pool and spa, a summer kitchen, firepit, and room for outdoor lounging, dining and gatherings. For the car collector, options for lifts turn the three-car garage into parking for six. Smart-home automation, an elevator, top-of-the-line equipment and a wonderful open floor plan create an refined atmosphere of harmony and comfort. Listed by Victoria Clarke Payton and Ashley Baird of Coldwell Banker Realty in Naples 541 Stassi Lane Santa Monica, CA. $11,495,000 A Southern California masterwork, this exceptional Modernist residence was designed by the iconic Ray Kappe, FAIA. Walls of glass enclose serene spaces that open seamlessly to upper and lower decks, pool and spectacular views of Santa Monica Canyon and the ocean. Meticulously updated with top-quality appliances and home automation, the residence features a screening room, sport court, floor-to-ceiling wine display and five bedrooms, including a romantic ocean-view primary suite and a lower-level bedroom/office. Listed by Todd Baker of Coldwell Banker Realty in Los Angeles Harbour Island Beach Front Home Triana Shores, Harbour Island, Bahamas $25,750,000 A sensational waterfront residence, this all en-suite nine-bedroom Harbour Island estate overlooks the turquoise Atlantic from 140 feet of frontage on Pink Sands Beach. Along with an expansive, open-plan living and dining area, wonderfully outfitted chef’s kitchen and wet bar, amenities include a gym, sauna and steam room, theater, wine storage room, pool, Jacuzzi and grand outdoor space for lounging, dining and entertaining. The majestic ocean-view primary suite occupies the entire top floor and is complete with an office and private balcony. Listed by Mike Lightbourn of Coldwell Banker Lightbourn Realty in Nassau The post 10 Over $10 Million: March 2023 Edition appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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Home of the Week

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March 16, 2023

A Boldly Elegant Two-Level Chicago Lakefront Apartment Soars as an Ode to Maximalism

“Everything about this Metropolitan Tower apartment is maximalist,” says Craig Hogan of Coldwell Banker Realty in Chicago, “the views, the terrace, the two-floor layout and, of course, the sensational interiors by Debra Lucidi Chammas Designs.” The iconic art-deco landmark apartment tower (the first Chicago building with over 30 floors) is known for its luxurious amenities, including 24-7 door staff, elegant lobby, event rooms, fitness center, heated indoor parking and lake-view rooftop. A resident-level-only elevator provides direct access to apartment 2501 on two levels and welcomes guests to a gorgeous foyer, where style and craftsmanship are immediately on display. Glossy limestone floors, coffered ceilings, polished woodwork and intricate moldings offer the first taste of what’s to come: an extravaganza of majestic and exceedingly comfortable design and unparalleled views. “Chicago has so many beautiful parks and so much green space, and of course the amazing lake, all set against the famous skyline. You can feel all of that when you walk into the apartment,” says the designer. Each of the main living spaces is a work of art in itself, and yet they flow seamlessly and artfully from one to the next. With wraparound corner views of the city and Lake Michigan, the living room sits beneath a tall, deeply coffered ceiling. Inspired by her worldwide travels and the extravagant colors of nature, Debra Lucidi Chammas went for the maximum “Wow!” in each of the rooms. “The living room has a custom blue faux finish that mirrors the sky and the clouds, with four huge windows framing the views,” she says. Adding to the effect are a sculptural chandelier, a massive fireplace, a rainbow-like Kyle Bunting hide carpet, a Mediterranean blue Vladimir Kagan sofa, a golden vintage Italian settee, and a pair of fuchsia Barcelona chairs. It all “just looks like fun!” exclaims Chammas. “I wanted the living spaces to feel like you were outdoors,” she continues, “thus the shades of blue seen in the dining room and the living room. The hand-painted Gracie wallpaper we put in the dining room is nature at its finest: a beautiful blue sky, birds, trees, and water.” The dining room’s 12-foot ceilings, curved piano alcove and opulent fireplace offer a flawless setting for memorable meals. With another magnificent fireplace, the library/office is a study in fine oak woodcraft, from the coffered ceiling to the herringbone patterned floor. Two huge windows offer impressive views over the lakeshore green belt to the Buckingham Fountain and across the lake toward Michigan. The sublime chef’s kitchen, built-in casual dining area and service bar feature gorgeous Christopher Peacock cabinetry in solid walnut with signature hardware and hand-painted lacquer finishes. A graceful, curving marble staircase descends to the lower level and the main terrace entrance. As Debra Lucidi Chammas notes, with nearly 1700 square feet of outdoor space, “There is really nothing else like it in Chicago. It is like a backyard in the sky with the most incredible views anyone could ask for.” The enormous terrace offers ample space for casual gatherings and glittering soirees, cocktail parties and tête-à-tête under the stars. The en-suite bedrooms, also on this level, are lavish and enchanting. Two of the suites, including the primary, have gorgeous lake views, opulent cabinetry and every necessity for a personal retreat of immeasurable luxury. There is also a dazzling floral-pink downstairs dressing room, which could serve as an extra bedroom, with three chandeliers, plus a sparkling under-stair wet bar and a laundry room. “Maximalist décor is perfect for this apartment,” says Rodolfo Zavala of Coldwell Banker Realty in Chicago. “It’s a collage of colors and textures that highlight the beautiful lines of the architecture.” “Maximalism isn’t throwing everything and anything together,” Debra Lucidi Chammas adds. “It does take restraint and it can be incredibly beautiful without being over the top. Even my husband – who likes simple and clean lines – loves it!” View the complete listing by Craig Hogan and Rodolfo Zavala of Coldwell Banker Realty in Chicago. The post A Boldly Elegant Two-Level Chicago Lakefront Apartment Soars as an Ode to Maximalism appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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Life & Style

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March 14, 2023

The Hyperloop Gets a Fresh Injection of Excitement with New Player, Global Partnership

Is the hyperloop making inroads? With a new entrant in the race for high-speed, underground travel and a newly formed joint venture among seven hyperloop companies, it may be closer than ever. Toronto-based TransPod recently introduced The FluxJet, its fully electric “hybrid between an aircraft and a train,” and announced the formation of The Hyperloop Association. The partnership includes Hardt, Hyperloop One, Hyperloop Transportation Technologies, Nevomo, Swisspod Technologies, and Zeleros. The Brussels-based association will work closely with the European Commission, the European Parliament, and Europe’s Rail Joint Undertaking. The European Commission will “initiate the work on the hyperloop regulatory framework, a significant milestone for the industry, not just in Europe but worldwide,” said Ben Paczek, inaugural president of The Hyperloop Association. “In the upcoming months, we expect major developments in the hyperloop space.” TransPod unveiled the FluxJet in a scaled-down version in Toronto last summer, complete with a live demonstration of a take-off and landing. Ryan Janzen, co-founder and CTO of TransPod, called it a “milestone” and a “major leap forward,” noting that, “The FluxJet is at a nexus of scientific research, industrial development, and massive infrastructure to address passengers’ needs and reduce our dependence on fossil-fuel-heavy jets and highways.” TransPod expects to eventually release pods every two minutes. They’ll have an initial capacity of 54 passengers or 10 tons of cargo, with the ability to scale up by “virtual coupling.” This will allow “multiple vehicles to be dispatched simultaneously in a train-like configuration, connected through a virtual system similar to adaptive autopilot,” they said. The FluxJet will rely on technological advancements and innovations in propulsion, clean energy, and “contactless power transmission,” so it can pull power from the existing electric grid through magnetic fields. That means the ability to travel at more than 620 miles per hour — faster than a jet and three times what a high-speed train can do — while emitting zero emissions. According to a feasibility study, TransPod’s ultra-high-speed transportation system will also create as many as 140,000 jobs while adding $19.2B to the GDP. The cost for passengers to travel on the FluxJet is expected to be 44% less than the cost of a plane ticket, and the system would also reduce carbon dioxide emissions by 636,000 tons per year once it’s finished. Preliminary construction has begun on the TransPod Line, which will initially connect the Canadian cities of Calgary and Edmonton. The 175-mile trip will take just 45 minutes. TransPod’s $550 million infusion from Broughton Capital Group in cooperation with China-East Resources Import & Export Co. will help fund the test track and further research and development. Elon Musk’s The Boring Company and Hyperloop One are the two most notable names in the hyperloop world, but so far, the talk has outpaced the results. That only adds to the excitement for TransPod. “All the hard work over the past few years has led to this milestone moment where talk is becoming a reality,” said Sebastien Gendron, co-founder and CEO of TransPod. “The technology is proven, and we have the confidence of investors, governments, and partners to continue pushing forward to redefine transportation effectively.” The post The Hyperloop Gets a Fresh Injection of Excitement with New Player, Global Partnership appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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Real Estate News

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March 13, 2023

The Report 2023

The Report 2023, published by the Coldwell Banker Global Luxury® program, curates the latest luxury real estate insider intelligence and forecasted market trends from the Institute for Luxury Home Marketing, Wealth-X, Coldwell Banker Global Luxury Property Specialists and other wealth experts. New to The Report this year is the agent vision survey, which polled over 600 Luxury Property Specialists around the globe on topics ranging from market conditions to the latest in marketing tactics and the most desired home features and amenities among their high-net-worth clients. Compiled from these insights, ‘The List,” is a sharable must-read for followers of real estate trends if they want to know what’s driving affluent consumer buying and selling decisions in 2023. Also included in The Report, along with much more:  Luxury in Review 2022 – Mixed quarterly data signals the start of a housing market correction U.S. Luxury Outlook 2023  – Coldwell Banker Global Luxury Property Specialists, Luxury Institute CEO Milton Pedraza and other thought leaders reveal the trends most likely to define the next iteration of American high-end property buying and selling The Opportunity Index – A review of 125 U.S. luxury home markets that could be opportunities for buyers and sellers this spring New Narratives for 2023 – The next stories shaping the luxury real estate landscape, from the psychology of pricing to the outsized influence of the Top 20% and the top market misconceptions, debunked Global Luxury Outlook 2023 – The trends currently driving high-net-worth global property buying         The post The Report 2023 appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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Real Estate News

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March 13, 2023

The Report 2023

The Report 2023, published by the Coldwell Banker Global Luxury® program, curates the latest luxury real estate insider intelligence and forecasted market trends from the Institute for Luxury Home Marketing, Wealth-X, Coldwell Banker Global Luxury Property Specialists and other wealth experts. New to The Report this year is the agent vision survey, which polled over 600 Luxury Property Specialists around the globe on topics ranging from market conditions to the latest in marketing tactics and the most desired home features and amenities among their high-net-worth clients. Compiled from these insights, ‘The List,” is destined to be a sharable must-read for followers of real estate trends if they want to know what’s driving affluent consumer buying and selling decisions in 2023. Also included in The Report, along with much more:  Luxury in Review 2022 – Mixed quarterly data signals the start of a housing market correction U.S. Luxury Outlook 2023  – Coldwell Banker Global Luxury Property Specialists, Luxury Institute CEO Milton Pedraza and other thought leaders reveal the trends most likely to define the next iteration of American high-end property buying and selling The Opportunity Index – A review of 125 U.S. luxury home markets that could be opportunities for buyers and sellers this spring New Narratives for 2023 – The next stories shaping the luxury real estate landscape, from the psychology of pricing to the outsized influence of the Top 20% and the top market misconceptions, debunked Global Luxury Outlook 2023 – The trends currently driving high-net-worth global property buying         The post The Report 2023 appeared first on Coldwell Banker Global Luxury Blog - Luxury Home & Style.

By Alyson Pitarre

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