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Hollywood long has had a deep affinity for traveling via private equipage — in the '50s, Frank Sinatra and Jackie Gleason leased railroad cars with bars and bedrooms for the entourage. With the introduction of the first practical high-performance private jet, the Lear 23, in , stars suddenly could travel almost as far and fast as in a — in privacy. Bill Lear , the plane's inventor, shrewdly catered to celebrities, offering free flights from the Van Nuys airport and product placement, according to Wired magazine, that included flying winners on The Dating Game to Las Vegas on the little four-seat jet. Hollywood's favorite illicit refreshment — silent star Mabel Normand was a notorious cocaine addict well before John Belushi 's last binge at the Chateau Marmont — used to be one of the pricier street drugs, especially during the s, when demand in places like Hollywood outstripped supply because of federal drug interdiction. Unfortunately for Phillips — or maybe fortunately — by the time she was clean supply caught up with demand and prices plummeted. The lure? Is there another accessory with as much status cred as the Hermes Birkin bag? Cousin to the classic Kelly, the Birkin has been seen on the arm of everyone from Martha Stewart , who carried one to her securities trial, to Cate Blanchett , who clutched one in Woody Allen 's Blue Jasmine. The wait for a new Birkin has turned used ones into hot collectibles. After the greed and hubris of the '80s, in the early '90s it became fashionable for those who had dollar-one grosses, or merely thought they did, to forgo Malibu and buy a second or third, or fourth place in … Montana. The resulting spike in real estate prices helped spur an 11 percent increase in Montana property taxes, which led to the inevitable bumper sticker: 'Beautify Montana: Put a Californian on a bus. As day follows night, so did Hollywood's A-list. John and Jackie Kennedy honeymooned there; the Rat Pack frolicked there too. Hollywood moved on in the '80s to St. Barts and Cabo , and the criminals moved in. But while it lasted, Acapulco was the proto-tropical paradise where Hollywood could spend quality time and serious money.

2016 Commercial Real Estate News & Trends

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Over the last four centuries, historical events have blended with a mix of African and British influences to bestow a colourful cultural heritage on this coral stone island, flung out miles east of the Caribbean island chain. Amerindian Arawaks from Venezuela were the original inhabitants, conquered by the savage Carib Indians rumoured to have eaten an entire French crew in until the Portuguese passed through on their way to Brazil. When English explorers arrived in , it as barren of inhabitants settlement began officially in at Holetown, on the west coast. The only Caribbean island to have remained under constant rule until she eventually gained full independence in , Barbados dominated the Caribbean sugar industry in its infancy — sugar bred success and resulted in an intensely cultivated island, dominated by a glamorous and wealthy community with strong connections in both Europe and the Americas. Barbados received further distinction when it became the only Caribbean island to welcome a scheduled Concorde flight. It may be small, but Barbados is well known for world-class services, facilities and standards that have been rewarded with a top rating on the United Nations Development Index. An enviable reputation for low crime rates and a highly developed infrastructure has attracted investment from countries such as the US, Europe and China as well as the growing offshore sector. Hosting over one million visitors a year, with a high rate of repeats, the development of a cruise terminal made Barbados a must-stop for the many cruise liners that traverse the region. Grantley Adams International Airport has recently undergone renovation to expand the facilities to deal with the increased air traffic from international and regional carriers as well as the plethora of private jets that stream in and out during the winter season. Modern office buildings stand next to brightly painted rum shops, satellite dishes festoon traditional wooden chattel houses, high tech SUVs drive alongside donkey carts. Bordered by the calm waters of the Caribbean Sea on the West, and by the tumultuous Atlantic Ocean on the East, just driving from one coast to the other is an experience in breath-taking scenery. Barbados is divided into parishes, each with their own distinct character, interconnected by a fairly decent road system and main ABC highway through the centre of the island. The West of the island is currently experiencing nothing less than an explosion in real estate development fuelled by high demand for exclusive properties on world-class golf courses and oceanfront views. Of The Southern parishes, Christ Church is the most energetic and fun. St Philip is easier, breezier: the land flattens to the cliff line, where the famous Crane Beach is, although many more coves can be found all along the eastern coast that are just as gorgeous and much less crowded. Residential developments have appeared in all parishes, mainly as land lots, but some with pre-designed homes already approved and ready to build. The resale market is strong and several hotels in the area are undergoing extensive renovation. Rural Barbados is lush and green, with roads that wind through overgrown gullies and over hills down towards rugged and windswept vistas. True island living is to be found in St Joseph, where the locals go for the summer; many of the homes have been owned by the same families for years and can only be rented by word of mouth when not in use. Barbados offers a diverse range of property ownership opportunities, for investment purposes or as a second home, with considerable infrastructure in place to support the real estate sector at all levels. There are no restrictions on non-nationals purchasing land or property, but making the dream reality, however, takes some little time and patience, not to mention determination and financial resources, particularly if you are interested in beachfront or luxury villas. Property values have risen steadily and are expected to continue this trend, as more international investment ensures that Barbados will continue to maintain the reputation it has earned as a world-class destination. The internet has made it infinitely easier to get an idea of the type of properties available on the market, and many sites feature virtual tours that can give you degree views of potential purchases. Several real estate companies produce annual property guides, often creating elegant brochures for premium million dollar listings. As with any real estate purchase, you should outline your requirements, especially financially, and engage the services of an established real estate agency along with a reputable attorney-at-law who can guide you through the process. A prime residential development located at Porters, St James, Heron Court consists of twenty-eight elegant townhouses designed by renowned local architect, Ian Morrison. Within close proximity to West Coast beaches, shopping and fine dining, the development comprises approximately 4. Construction on this project has begun, with 11 lots already sold or under offer, and completion is expected mid Now under new ownership, this prestigious luxury residential golf estate has re-emerged with a new phase of development to further enhance the quality and style that Royal Westmoreland has become known for. Set among acres of stunning Barbados scenery and designed around one of the most challenging golf courses in the world, homes at Royal Westmoreland have been in high demand - many snapped up by sport stars and celebrities seeking the exclusivity of a luxury private estate and the ultimate in comfort and relaxation. In early the phase 3 of The Plantation Royal Villas came on stream, offering innovative solutions to the discerning investor. Purchasers have the option of choosing from a 3 bedroom detached villa or a custom built property with up to 8 bedrooms — a select number of lots have magnificent fairway or sea views. The first lifestyle resort to be created in the Caribbean, The Lakes Village will be spread over acres in a peaceful setting on Mount Brevitor, St Peter some two miles inland from Speightstown. Set in beautifully landscaped parkland, bordered by lush gullies and gentle slopes, with magnificent rural and sea views, The Lakes is based on a three-phase plan of development. Construction has begun on all 20 villas and sixteen of the 32 apartments in phase 1, and will be followed with construction of a clubhouse, small wellness centre, swimming pools and tennis courts. The wide variety of properties available have been carefully sited to complement the natural beauty of the environment, blending the best elements of traditional Bajan architecture to create properties and communal buildings with a unique and timeless character. Lion Castle Polo Estate is a particularly well thought out 64 acre development, set in the rolling hills of St Thomas. At 1, feet above sea level — almost the highest point on the island — Lion Castle Polo Estate commands stunning views of the countryside and coastline beyond. Centrally located, easy access is ensured to the major shopping and business districts of Warrens and the capital of Bridgetown; the gorgeous beaches of the West Coast are only ten minutes away. A spacious development on acres of some of the most beautiful land in Barbados with paranoramic views of the West and East coasts, Apes Hill Club is a partnership between Sir Charles Williams, the owner of the largest construction company in Barbados, and Landmark Land Company, one of the most prestigious community, golf and resort developers in the world. Apes Hill Club will include a spectacular hole golf course carefully designed to take full advantage of the expansive environment, central club house with pool, spa, multi-surface tennis centre, nature gardens, a series of exercise trails as well as an impressive polo centre. A stunning new residential land development enjoying rich tropical landscapes and peaceful tranquility on a ridge above Mullins Bay in St Peter. Surrounded by sugar cane fields and a luxury estate home situated on the western side, it is a few minutes drive away from Mullins Beach, watersports, fine dining and Suga Suga spa and close to other amenities including golf and polo. There are 15 lots available ranging in size from 14, sq ft — 22,00 sq ft, all with fantastic building potential and complemented by open landscaped areas, a natural watercourse and underground utilities. Located approx. A selection of luxury 2 and 3 bedroom villas and townhouses from 1, — 1, sq ft are being built and will be finished to an extremely high standard - the villas feature private terraces and plunge pools whilst the townhouses will have use of the communal pool; owners will also have use of the Sandy Lane Falls Club House and a golf package will be included. The developer, Peter Harris, a well-respected local businessman, previously built the successful Porters Court villa community in St. This development is ideally located close to the most exclusive beach-front restaurants and a wide selection of bars, nightlife, shops and banks can be found in near-by Holetown. Tennis courts at Sugar Hill and world-class golf courses at Sandy Lane and Royal Westmoreland are all within a few minutes drive and the golden sands and calm and crystal clear waters of Sandy Lane Beach are a mere stroll away. Barbados has established a well-deserved reputation for a comprehensive selection of real estate opportunities and location choices, from studio apartments to luxury villas and magnificent plantation homes, lifestyle resorts, golfing and polo estates and everything else in between. The popularity of secure or gated communities has driven a sharp growth in these developments; many have different phases planned and include a broad range of community facilities on site. The price of real estate — land, property or both — varies considerably according to location. Some residential developers are offering purchasers all-inclusive packages that include land and house, taking some of the guesswork out of building your own home. Whatever your reasons for purchasing, once the sale is complete it is necessary to consider the many options in the market for property services. Most of the main real estate companies have been property managers for over twenty years and have a great deal of experience; the best are recommended by word of mouth and will have a complete package of services, including a rental program and dedicated management staff. In Barbados, property passes by conveyance of title, evidenced by the recording of deeds and certified survey plans at the registry of title. A purchaser will require the services of a registered Barbadian attorney to deal due diligence needs, including a search of the register to confirm title to the property prior to the sale. The vendor pays 7. The purchaser, however, only has legal fees to consider. Real estate can be purchased by an individual, or as is commonly the practice, by creation of a corporate entity or by purchase of an already established company that currently owns the property. Such companies must be registered to do business in Barbados, although they may be incorporated elsewhere. All monies brought into Barbados must be registered at the Central Bank of Barbados; if a property is sold, they will also facilitates repatriation of funds. As far as Caribbean islands go, Barbados has an idyllic climate with constant trade winds that keep temperatures during the day between Celsius degrees Fahrenheit and just enough rainfall to keep the island lush and green. Local currency is the Barbadian Dollar, which is tied to the US Dollar at approximately , although most banks will exchange for slightly less. Once the only Caribbean island to have a regular scheduled Concorde flight in season, the airport facilities are currently being upgraded to handle the increased air traffic as the island further develops into a hub for international airlines delivering passengers from around the world, both to stop in Barbados and in transit to other islands.

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