WEALTH

AUTOS

Cadillac Chief Says Autonomy from GM Coming by 2017

– Speaking yesterday to analysts and as reported by Automotive News, Cadillac chief Johan de Nysschen has put a timetable on the luxury brand’s move toward autonomy from General Motors. The executive says he expects the brand to splinter from GM and have “a far higher degree of autonomy and self sufficiency” by 2017. – More general word of the move to make Cadillac a separate business unit—which will mean reporting its own financial

Hyundai Vision G Concept Signals Design Direction for Expanded Family of Genesis Products

-Let’s get this out of the way first: Yes, the Hyundai Vision G concept seen here is a coupe, and yes, it says “Genesis” on the front and rear badges. But this car is absolutely not a Genesis coupe. More specifically, it is not the replacement for the aging Genesis coupe that Hyundai currently sells, a car that, incidentally, has become a darling of the drift crowd. “This has nothing to

Hyundai Vision G Concept Signals Design Direction for Expanded Family of Genesis Products

-Let’s get this out of the way first: Yes, the Hyundai Vision G concept seen here is a coupe, and yes, it says “Genesis” on the front and rear badges. But this car is absolutely not a Genesis coupe. More specifically, it is not the replacement for the aging Genesis coupe that Hyundai currently sells, a car that, incidentally, has become a darling of the drift crowd. “This has nothing to

REAL ESTATE

'Blue Beach' offers Gazans a glimpse of the good life

By Nidal al-Mughrabi GAZA (Reuters) – A luxurious new tourist resort has opened in the Gaza Strip, its manicured lawns, sparkling pool and private beach in stark contrast to the impoverished territory still struggling to recover from last year’s war. The Blue Beach Resort, made up of 162 chalet-style rooms set among palm trees and overlooking the Mediterranean, hopes to become the “most significant tourist attraction and entertainment venue in

Trump Sells Apartment He Never Lived in for $21 Million

Filed under: Celebrity Homes, Selling ZillowA private elevator leads to the five-bedroom, 7.5-bath apartment on the 24th floor of the Trump Park Avenue building. By Melissa Allison When he’s not stumping for the Republican presidential nomination or making decrees on “The Celebrity Apprentice,” Donald Trump still works in real estate — and he just made a killing on a Manhattan apartment. Trump sold the nearly 6,200-square-foot dwelling on the 24th

NYC property market still hot even as private equity exits

The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place indicate a comfort level for older buildings that have been

NYC property market still hot even as private equity exits

The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The institutional investors and real estate investment trusts that are taking private equity’s place indicate a comfort level for older buildings that have been

Mortgage Rates Fall to Lowest Level Since Early June

Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.83 percent, down 8 basis points from the same time last week. The 30-year fixed mortgage rate moved lower throughout the week before settling at that rate

LUXURY

Bentley teams with hotel to host British experiences in Paris

Bentley at Paris de Galles Bentley Motors is bringing the “British way of life” to guests staying at the Prince de Galles, a Luxury Collection Hotel in Paris. Throughout the summer, guests can partake in a garden party, sample gourmet versions of British culinary staples such as fish and chips and embark on excursions in a Bentley Flying Spur. These special experiences enable Bentley to reinforce its British heritage while

Bentley teams with hotel to host British experiences in Paris

Bentley at Paris de Galles Bentley Motors is bringing the “British way of life” to guests staying at the Prince de Galles, a Luxury Collection Hotel in Paris. Throughout the summer, guests can partake in a garden party, sample gourmet versions of British culinary staples such as fish and chips and embark on excursions in a Bentley Flying Spur. These special experiences enable Bentley to reinforce its British heritage while

Richard Mille demonstrates timepiece artisanship with Harrods pop-up

Exterior of Harrods with Richard Mille window displays Swiss watchmaker Richard Mille is hosting a pop-up exhibition at London department store Harrods to immerse consumers in its artisan production. The brand has set up shop in the retailer’s windows, enabling consumers to enjoy the installation from afar on the street or interact with the display by entering the store. Placing such an exhibit inside a department store, especially one that

Should luxury fashion embrace 3D printing?

Look from Chanel’s haute couture show While the luxury fashion industry traditionally prides itself on the craftsmanship and handiwork that goes into creating a garment or leather good, it may be starting to warm to the idea of using 3D printing in its production. At Chanel’s haute couture show last week, some of the tweed pieces that were modeled on the runway were created using 3D printing. Having one of the

Trussardi celebrates #ElegantlyCool aesthetic with Coca-Cola campaign

Image from Trussardi’s #ElegantlyCool campaign Italian apparel and accessories house Trussardi is reaching out to aspirational consumers with a social contest surrounding its stylish Coca-Cola Light cans. For #ElegantlyCool, the brand is asking consumers to share a photo of their own Trussardi Coke for a chance to have their picture featured on a dedicated microsite and to be entered to win prizes from the fashion label. Partnering with Coca-Cola gives