Back in September we featured 56 Leonard by Herzog & de Meuron that will have a great impact in the skyline of New York.

Now, we have this amazing video, created as a marketing tool for the building, by Tronic Studios.

The video reveals some portions of the structure of this building, such as beams that distribute the vertical charges of this particular typology.

Real estate mogul Victor MacFarlane has placed his huge St. Regis penthouse on the sales block for $70 million, a figure that would obliterate the previous record price tag for a San Francisco residence.

Commandingly sited atop the highest floors of the Five-Star St. Regis Hotel & Residences in San Francisco, this one-of-a-kind, palatial penthouse features over 20,000 expansive square feet, including 2,900 square feet of terraces – one of the largest personal residences in all of San Francisco.

The property also features 2,900 square feet of terraces with 360-degree views of many San Francisco landmarks. Glass walls also offer plenty of light and the foyer has a winding staircase and two-story waterfall.

There are six bedrooms, seven baths, four powder rooms, four fireplaces, two offices, a wine storage room, a gym with a sauna and steam room and a 13-seat cinema. It is definitely one of the most striking apartments in the country.

The asking price for the completed condo works out to $3,500 for each of the roughly 20,000 square feet. MacFarlane bought the property, originally three unfinished units on the top two floors, for about $30 million in late 2005.

The question remains, however, whether anyone will be willing to pay that much for one now.

(The Ohio-born MacFarlane is the chief executive officer of MacFarlane Partners, a San Francisco real estate investment firm with $11 billion under management. He has been managing money for the California Public Employees Retirement System since the early 1990s.)

China’s property market has taken a steep turn for the worse if we are to believe the various reports that are beginning to surface in major online publications right now.

The signs of trouble are not a total shock to the system of any alert investor, as many would have been aware of the implications when China started to ban major development projects at the beginning of this year due to heavy pollution in the city of Beijing. [...] This ban has caused a huge shift in building frenzy as many developers prepared for the future by building extra. This has created a massive oversupply of mainly inner city apartments and now that the Olympic Games have been and gone, the market has slowed down.

But this isn’t the only reason, the global credit crunch is affecting Chinese developers who can’t afford to hold on to their empty properties until better times happen to come around so they are forced to slash property prices by up to 30% [...]

The epitome of luxury! Updown Court is situated only 25 miles from London, and through a pair of large sophisticated iron gates, one can see a palatial construction of immense scale and beauty.

Updown Court, a newly built mansion for sale outside of London, offers plenty of lavish amenities: five swimming pools, an eight-limousine garage, and mosaic floor made of 24-karat gold leaf in the downstairs study.

The property, however, is best known for its price tag: more than 85 million British pounds (+$150 million USD).

While not wanting to subject anyone to Malibu’s audacious real estate market, the back story on this 10-bedroom home, listed at $23.75 million, is too good to pass up. A wealthy builder/developer built this 10-room, 11-bath home in 1992 for the love of his life. She moved in, but didn’t like being so far from the city. So the couple moved out after a weekend. Yes, the couple spent all of a weekend living here.

Since the couple moved out of this 5.33-acre estate, dubbed Villa Versaille, the home has been rented out for parties, and movie, television, and music video shoots, according to the listing agent. Additionally, the owners have hosted parties at this estate. Also, it was rented out as a rehab center/wellness center at one point. While the listing notes the pools, the gardens, the horse stables, and the caretakers’ residence, it’s also worth pointing out this detail: “Today’s building restrictions & a recently passed Malibu Municipal Ordinance will not allow an estate of this caliber to be built again. Today, the maximum the city will allow is 11,172 sq ft for the main house (on a five+ acre lot minimum). This property was built prior to the ordinance & is therefore “grandfathered” in to the city ordinance.” No, these things don’t get built anymore.