Category: Investment (2)

miamibeachSorry, billionaires. The 12,516-square-foot penthouse at ultra-luxury condo Faena House in Miami Beach is officially off the market.

The eight-bedroom penthouse, which also features 9,900 square feet of outdoor space, closed this week for $60 million, or $4,794 per square foot, according to Faena’s representatives. That’s a new sales record for Miami residential real estate.

A triplex penthouse listed for $35 million at Turnberry Ocean Club. A mansion in Indian Creek that sold for $47 million in 2012, a then-record price for a home sale in Miami-Dade County. A view of a penthouse at the one Thousand Museum Tower listed for $49 million. A triplex penthouse listed for $35 million at Turnberry Ocean Club. A mansion in Indian Creek that sold for $47 million in 2012, a then-record price for a home sale in Miami-Dade County.

Continue reading ..

Dezervator-e1434136122354The Dezervator, arguably one of the Porsche Design Tower’s most talked-about amenities, has been patented, proven and is almost ready for use.

Engineers recently put the finishing touches on a nine-story miniature of the final product in Chicago, and have since been putting the concept through its paces. In the video below, you can watch how the fully automated system works on a test vehicle, which is — you guessed it — a Porsche. A metallic claw slides under the vehicle, pulls it into a glass-walled elevator and lifts it to the selected floor.

Continue reading ..