$125 Million Trump Estate Tops List of Country's Most Expensive Homes for Sale

After this morning’s post about the $30M+ unit in the St. Regis, I thought it would be nice to compare some other properties around the country. Most notable is Donald Trump’s $125M listing in Palm Beach, Florida. From RIS Media, “A Palm Beach, Florida home priced at $125 million and owned by Donald Trump tops the list of the 1,000 most expensive homes currently on the market in the U.S., according to the just-released Unique Homes magazine’s special issue, Ultimate

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Greenspan tees up last rate rise

From the BBC, “Federal Reserve chairman Alan Greenspan will preside over his last rate meeting on Tuesday before retiring after almost 19 years at the central bank’s helm.” “Analysts expect interest rates to rise by a quarter of a percentage point to 4.5%, the 14th increase in a row.” “Set for a quiet farewell, the former jazz musician is leaving behind an economy that has a number of shadows hanging over it, including a large US trade deficit and a

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Work to begin on city's priciest penthouse

From the San Francisco Business Times, “Plans to build San Francisco’s largest and priciest penthouse are under way.” “Victor MacFarlane, an urban developer with projects nationwide, has hired a team to combine the three penthouses he purchased last month at the new St. Regis condo/hotel tower for an estimated $30 million. The properties, now in shell condition, will be transformed into a single residence for his family measuring as large as 20,000 square feet. That could cost $20 million or

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After 15 years, the game is over for driving range

From today’s Chronicle, “The last ball will fly off the tee Tuesday at San Francisco’s only lighted driving range. After that, the Mission Bay Golf Center will once again be what it was 15 years ago — an empty lot awaiting development.” “The driving range opened in the early 1990s on six formerly junk-strewn acres next to Interstate 280. At the time, the neighborhood was nothing more than a collection of warehouses and railroad tracks. But then came the Giants

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If you own your home

From Sunday’s Chronicle Real Estate section, “If you own your home, you are happier and more satisfied with your life, your children are better educated and less likely to get into trouble, your daughters are less likely to become pregnant as teenagers, you vote more often and are more active in your community, you are more likely to recycle and less likely to get mugged. — From “The Social Consequences of Home Ownership,” a 2003 study by Robert Dietz “Even

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