EDITION Hotels has joined forces with Sotheby’s and DYNE jewellery designer Sarah Ysabel Narici to auction a unique luxury package, Verdant Reverie: The Gem of the Alps at The Lake Como EDITION. The lot will be part of Sotheby’s Luxury Week auctions, running from November 26 to December 11. Estimated at $15,000 - $25,000, the item combines a limited-edition necklace chosen by Sotheby’s Vice Chairman Frank Everett with a two-night stay in a Penthouse at the new Lake Como EDITION property.
Bungalow Projects and Bain Capital Real Estate have secured $304 million in construction financing for Echelon Studios, two next-generation film and television production campuses in Brooklyn. The developments will deliver 600,000 sq ft of soundstages, office, and support space, backed by New York’s largest-ever C-PACE financing package.
Mukesh Ambani has purchased a vacant building in New York’s Tribeca district for $17.4 million. Formerly owned by tech billionaire Robert Pera, the site has been tied to multiple unbuilt mansion plans.
Soho House will return to private ownership in a $2.7 billion deal led by MCR Hotels, offering shareholders $9 per share, nearly 18% above the last close. The agreement, which lifted shares more than 15%, will see Ashton Kutcher join the board and Neil Thomson step in as Chief Financial Officer as the club operator seeks stability after a turbulent public run.
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