Luxury Portfolio
Tod's Group restoring 16th-century palace in Italy
By LUXURY DAILY NEWS SERVICE Italian fashion label Tod’s Group is financing the rejuvenation of a major historic site in Milan. With the company’s support, the Palazzo Marino is undergoing a 16-month restoration project that is expected to be completed by September 2025. Located in the design capital of the world, the building has served as the locale’s city hall since 1861 but was first constructed in the 1550s.
Color-blocking creates bold interior spaces
By LISA KLEIN Color is a major tenet of interior design, the palettes and specific shades often forming the base for all other decisions in the home. While most interiors use a vast variety of hues, selecting just two or three for one of the rooms makes that space really stand out. “Color-blocking within a room gives a strong and modern point of view,” said Sarah Storms, principal designer of Styled by Storms in Maplewood, New Jersey.
Mandarin Oriental appoints in-house sleep concierge
By LUXURY DAILY NEWS SERVICE Multinational hospitality brand Mandarin Oriental is leaning into wellness. In celebration of World Sleep Day, March 15, the company named an in-house sleep concierge. English hypnotherapist and sleep expert Malminder Gill will take on the role, hosting sessions at all London locations and select properties across Europe.
Masterworks opens the door to owning shares of fine artwork
By LISA KLEIN Contemporary art appreciators the world over, from all-out enthusiasts to novices, may dream of owning their very own Warhol. But they may not have the wall space – or the multi-millions in cash – to actually buy one of the artist’s pop art pieces. Still others know next to nothing about art but are looking for unique ways to diversify their investment portfolios.
Economic insights: March/April 2024
In the real estate industry, it is crucial to stay on top of market trends, of course, but also those of the global economy, which affects not only real estate, but most aspects of daily life. Keep up to date with Luxury Portfolio International here, where Dr. Marci Rossell, chief economist for Leading Real Estate Companies of the World, shares her top five insights from the past month.
50K
Properties marketed annually
550
Brokerages in the network
$55.8B
Current website inventory
$2.5M
Average property value