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The Engel & Völkers News Brief | February 16, 2018

Friday, February 16th, 2018 at 12:00pm Engel Völkers

E&V News

Condo Conversion of Atlantic Station’s Tallest Building Has Changed the Game
Curbed
Now, after a decade and a major rehab of the building, The Atlantic is being fully flipped to condos. 

Saudi Prince Sells Trump Place Apartment for $36 Million
Mansion Global
A Saudi prince has sold off a lavish Manhattan triplex, boasting a jellyfish tank and panic room, at a Trump-branded building for $36 million.

Who Ordered All the McMansions? 10 Cities Where They're Piled Highest
Realtor.com
While the idea that "Your home is your castle" has been around, presumably, since medieval times, it took on a whole new meaning in the 1980s and '90s, when "McMansions" started sprouting across the United States like upscale real estate kudzu.

Americas 

U.S. Housing Starts Reach Highest Level in More Than a Year
Bloomberg
U.S. new-home construction rose in January to the highest level since October 2016, helped by a surge in apartment building, as momentum in the housing market continues into 2018, government figures showed Friday.

Canadian Home Prices Rise as Toronto Sees First Gain in 6 Months
CBC
The Canadian real estate market got off to a good start this year with house prices rising in January, as Toronto saw its first gain in six months, according to a bank measurement.

International

Tokyo’s Growing Yen for High-Rise Apartments
Wall Street Journal 
An uptick in demand for high-rise luxury apartments in Japan’s capital city is driven, in part, by younger couples, tech entrepreneurs and foreign buyers want more upscale amenities.

Luxury Living

Affluent Millennials Look to Cruising For Deals and Multi-destinations
Luxury Daily
Millennials’ thirst for adventure and experiences coupled with a lack of funds has cultivated a surprising interest in cruising. 

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