Archive for January 26th, 2008

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This listing is another to check out just for the art. It’s white walls and open spaces are home to an expansive contemporary art collection. The building, in San Antonio, Texas was originally a candy factory that has been converted to lofts. The building was purchased by Linda Pace, an artist and collector and the founder and trustee of Artpace San Antonio. Pace turned the fifth floor into her residence and the sixth floor into galleries and both are now for sale (Pace passed away last summer). It’s a beautiful penthouse and a testament to the life of a woman truly devoted to art. It is listed at $5.7 million.

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The Swiss ski village of Villars-Sur-Ollon,is home to many chalets. This one, tucked into the side of a mountain, is located just a three-minute walk from the cog-railway to start your day of skiing. In the warmer months it is ideally located for spring hikes. The home has old beams, rustic stone and a cedar roof. It is a current build, so it has a clean and contemporary style. And you can’t ask for superior views; you get snow-capped peaks in your window as you sit in your bathtub. There are seven bedrooms total and four bathrooms. It’s listed as price on request.

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Price of artificial, natural fertilizers is more equal
Detroit News - It’s going to be a very interesting spring season this year. For years there has been a David-and-Goliath type of competition between the lawn fertilizer companies and those selling natural or organic products. In all those years, the Goliaths of the

A Fool Looks Back
MSN MoneyCentral - If Apple is being dubbed unhip, what hope do the dweeb-driven tech companies have? CEO Meg Whitman is stepping down at eBay (Nasdaq: EBAY), and just in time. The company expects to grow earnings by just the single digits on a percentage basis this year

Hot Topic: Ibrs
ZDNet Australia - Rush to deploy virtualisation leaves security gaps Server virtualisation is a no-brainer — it’s swift to deploy and simple to justify in terms of cost-savings but too many companies are deploying the technology without considering the security

DUB display is where it’s at
Detroit Free Press - Most of that money is spent in the first 90 days after a car’s sale, he states, and the fact that the likes of Pepsi — which made a DUB edition pop can last year, — are on board means vehicle companies are missing the boat. “We’re looking at this as

Bader Field offer spurs uproar
Philadelphia Daily News - especially in terms of tax relief. Penn National, the nation’s third-largest gaming operator, which is licensed in 15 jurisdictions, stated it would also work with the city to subdivide the land and put it up for bids from other casino companies. Penn

Rubenstein, Halusa Say LBO Firms Superior Prepared for Recession
Bloomberg - Buyout firms have invested a higher proportion of cash in the companies they’ve acquired than in the previous debt-fueled boom of two decades ago, the executives said this day in a panel at the World Economic Forum in Davos, Switzerland. The loans they

Chris Satullo: A more inviting Kimmel Center
Philadelphia Daily News - It is home to the Philadelphia Orchestra and five other resident companies. Beneath the soaring glass canopy sit two performance venues: Verizon Hall with its lush, “inside of the cello” interior, and the versatile Perelman Theater. Verizon Hall’s

U.K. Gilts Post Weekly Decline as Fed Rate Cut Crimps Appetite
Bloomberg - Two-year U.K. notes slipped with their European counterparts as the danger of companies in the region defaulting on their debt fell. “It’s very difficult to disentangle gilts from what’s happening to every other bond market,” stated

Movies come to home near you
Chicago Sun-Times - Tech companies have for many years been promising some sort of ”convergence” device, one that will bring this new world of online video to your living-room television set. Me, I was exhausted of waiting, so I made my own converger: a retired Windows PC

Ex-WellPoint Exec Accused of Womanizing
San Francisco Gate - There’s no question companies are much more sensitive to ethical conduct on the part of their executives,” W. Michael Hoffman, executive director for the Center for Business Ethics at Bentley College in Waltham, Mass., said after Colby’s ouster. It

Feuerstein’s Biotech-Stock Mailbag
Street.Com - Moxatag isn’t going to dominate this market, because insurance companies aren’t going to reimburse when they can pay for a cheaper generic instead. But Middlebrook is being smart. The company will likely price Moxatag around $20-$25 per prescription

Schumer States Senate Will Increase Jobless Aid in Stimulus Plan
Bloomberg - Under that agreement, the Internal Revenue Service will distribute tax-rebate checks to 117 million families earning at least $3,000, give businesses incentives to invest in equipment and allow federally chartered mortgage-finance companies Fannie

This Is When You Sell
MSN MoneyCentral - That said, I fully expect the leaders of each of these companies to someday move on, and when that happens, the entrepreneurial spirit that has spurred these mammoth gains will be gone as well. What happens when zealots move on For evidence of the

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It’s not exactly a Frank Lloyd Wright home but it is definitely inspired by the legendary architect. This home near Jackson, Wyoming was custom built for someone who definitely has a taste for the Arts and Crafts style. The woodwork here’s stunning, especially the chandelier in the dining room. If you aren’t a fan of this style it can all be a bit much but the overall theme is very consistent and rather restful. The four-bedroom home has an exterior of pressed brick, elaborate cornices, and wrap-around terraces. It sits on 5.37 acres and is listed at $11.4 million.

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We visited North Bay Road in Miami Beach last month for an estate of the day but a reader, Marie, sent me the link for this one. I figured it was worth sharing with you. I’m not quite sure what sort of happy money cocktail designers are sipping along North Bay Road but it makes for some interesting decorating decisions, especially as newer owners with lots of money try to bend older homes to their will. The last estate we saw in this area was a strange amalgam of modern and absurd baroque. This one is a less obvious and more lavish case, but there are still some interesting juxtapositions here. The current owners seem to have a hankering for the modern, hence the new spare and bare contemporary kitchen and bathrooms, but this home still has the particularly Miami affliction of gold paint details on the walls. The home is over 10,000 square feet with nine bedrooms and it has a nice chunk of bay frontage with a dock. This estate is listed at $18.9 million.

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What’s the cut-off for size for boutique hotels? I generally think it is under 150 rooms but a new multi-use project in Knoxville, Tennessee bills itself as having a boutique hotel even though it’s got 200 rooms. The Metropolitan Plaza project is actually a fairly big project, including a 15-foor tower with as many as 32 condos above the hotel room as well restaurants, a bank and retail shops on the lobby level. There’s also an office tower planned that would stand about 7-8 floors tall. The $78 million project from Knoxville-based Commercial & Investment Properties also includes an enclosed pedestrian bridge linking the complex to the Knoxville Convention Center.

The proposal beat out two other proposals for the redevelopment of the downtown say Supreme Court Building.The project does not have a hotel brand linked to it yet but the developer states that several are interested. Once approved, construction on the project could start as early as this fall and be completed by early 2010.

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This one in Cohasset, Massachusetts is an interesting example of what happens when an older home meets a new owner with a taste for the modern. This home sits on a promontory called Cary’s Point, which overlooks Sandy Cove. The current owners bought the home around 2003 for about $4.75 million and gave it a total renovation and expansion. Believe it or not, this home was built in 1903-04 but has been absolutely renovated with new floors, new windows, new heating, audio, video and lighting systems and more. The details here are pretty fantastic; the kitchen counter for example appears to be composed of agate slices. The windows are all custom made with curving metal accents. There’s not just a heated three-car detached garage but also a two-car garage with a turntable floor so the owner never has to back out of the garage again. The reflecting pool has a large sculpture. The current owners have a taste for modern design and so the home is currently a showcase for all sorts of contemporary furniture and an expansive art collection. The property has a dining patio and gazebo with perfect views of the water. The property has access to two private beaches and two moorings. The owner is even offering his 46-foot Sunseeker powerboat along with the estate. The estate is listed at $19.5 million with Dean and Hamilton.

[via Wicked Local]

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Why this one? Because it’s a lighthouse, in Bigfork, Montana. Okay, it’s not so much a lighthouse as a home with a lighthouse-like structure appended to it. Still you’ve to admire the commitment to the nautical in this one. Most of the houses we see in Montana are full of antler chandeliers, roughhewn logs and western fabrics. Not so here. this one could easily be plunked down on an East Coast shoreline. Boat-shaped bookcases and nautical art add to the rather relentless theme decorating. The house is located south of Woods Bay and is perched above Flathead Lake for some truly beautiful views. The home is under 4,000 square feet and sits on one acre. It is listed at $2.95 million.

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Some people finally go for the dream of owning their own winery but don’t get to enjoy it for very long. Such is the case with retired executive director of Omaha’s Metro Area Transit Robert Curttright, Jr. who spent his very short retirement planning and creating the Whiskey Run Creek winery outside Brownville, Nebraska before he succumbed to cancer. Now the small winery is on sale for just $1.6 million. The winery is on 3.8 acres, and includes a 100-year-old barn, a 5,400 square-foot steel production building, a 100-year-old brick cave, a wishing well and a waterfall. The winery can produce up to 10,000 gallons of wine per year and there are around 60 vines of Chardonel and Chambourcin on a quarter acre just outside the barn. Eight miles away is another Curttright property which is 122 acres and includes a home and machine shed. This property is on the market for an asking price of $650,000.

[via Wines and Vines]

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The Real Estalker Mama was a tiny harsh on this one but I don’t think the Westlake,Texas home of baseball player Mark Teixeira is all that bad. Especially if you are a golfer. It’s located in the posh Vaquero development which offers residents a Tom Fazio golf course, swim center, fishing ponds a fitness center and a clubhouse. The house itself has four bedrooms and is almost 7,000 square feet. Teixeira, who is a first baseman, used to play for the Texas Rangers but currently plays for the Atlanta Braves (he recently signed up for a one-year contract so he’ll be there a while longer. He and his wife bought the home in 2005 for $3.99 million. His Texas home has a bit of that dreaded modern Tuscan look going on but it really isn’t terrible. It’s got a nice negative-edge pool with a nice outdoor pleasing area. Sure it’s a tiny stodgy and Pottery Barn catalog-like but it seems like a home that looks care about it would be on MTV Cribs and many people would find it charming. Not my taste perhaps, but not bad at all. As the Real Estalker Mama did mention, the couple did show admirable decorating restraint when they could have really could have ridden the train to tackytown. And even though the library has a staircase in it, the wood-paneled walls are delightful. It is listed at $5.75 million.

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