Latest news with #PritzkerPrize-winning
New York Post
12 hours ago
- Business
- New York Post
Beyoncé and Jay-Z just took out a massive mortgage on their $88M Los Angeles mansion
Even the most powerful couple in music has a mortgage — or two. Beyoncé and Jay-Z took out a $57.75 million mortgage on their Bel Air mansion in Los Angeles, the Daily Mail reported. The superstar pair boasts a combined estimated net worth of $3 billion and an impressive real estate portfolio on both coasts, but their massive home in the Bel Air hills remains a family base. Advertisement 6 Jay-Z and Beyoncé, pictured in December 2024. AFP via Getty Images The new 30-year loan from Morgan Stanley's Private Banking Division was taken out in April, according to the Daily Mail. It comes with a 5% interest rate for the first 10 years. Refinancing isn't foreign to this power couple. The pair borrowed $52.8 million to buy the $88 million home in 2017. Jay-Z and Bey refinanced for the same amount in 2021, the outlet reported. Advertisement The sprawling eight-bedroom mansion is made up of six interconnected structures on 2 acres of land. The retreat-like home comes with four outdoor pools, a spa and a wellness center. The famous family can further relax thanks to bulletproof windows. 6 An aerial view of the music moguls' $88 million Bel Air home. Vasquez-Max Lopes / BACKGRID 6 The property comes with four pools, a basketball court and a 15-car garage. Vasquez-Max Lopes / BACKGRID The duo's total borrowing on the property now totals more than $110 million. Advertisement Living large comes with a large price tag. The Bel Air home racks up an annual property tax bill of more than $1.2 million. Combined with monthly mortgage payments, the pair's estimated monthly spending on the dwelling totals more than $637,000 a month. That monthly till — more than $200,000 the median American home price — doesn't even factor in utilities, maintenance or staff pay. Mortgages don't always mean money trouble, however. The musical duo's continued success — Beyoncé recently surpassed $400 million on her 32-date Cowboy Carter tour — is certainly not in question. The bold real-estate move may simply give the couple extra cash for other investments that will help offset high interest rates. 6 The couple's impressive real estate portfolio stretches from Los Angeles to the Hamptons — all properties where they can raise their kids. Getty Images for NARAS 6 An aerial view of the Malibu mansion Jay-Z and Beyoncé purchased for $200 million in 2023. MEGA Advertisement 6 Jay-Z purchased the pair's Tribeca penthouse in this building in 2004 for $6.85 million. William Farrington When it comes to real estate, Beyoncé and Jay-Z are nothing if not bold. The parents of three famously shelled out $200 million in cash on a mammoth Malibu home in 2023. The deal broke California's state record for the most expensive home. The controversial concrete property was designed by Tadao Ando, the same Pritzker Prize-winning architect that designed Kanye West's former beachfront Malibu home. Beyond California, Beyoncé and Jay-Z count a $6.85 million Tribeca penthouse and a $26 million East Hampton estate among their multiple holdings.
Sydney Morning Herald
5 days ago
- Entertainment
- Sydney Morning Herald
Why exploring this Sydney home is like finding an unplayed Mozart
Turning 89 on Friday, the Pritzker Prize-winning Australian architect Glenn Murcutt is still surprising fans who thought they knew all or most of his work. Another home in Sydney's St Ives by one of the world's most internationally recognised and important architects, but the least 'starchitecty' in style, has come to light. Discovering an unseen Murcutt was like hearing an unplayed Mozart, said one Sydney devotee. Architect Nick Sissons said it was like finding an unknown Shakespearean sonnet. Once found, the family home seems to disappear back into the steep bush block. That was Murcutt's intention, he said, visiting the home he designed 30 years ago for Dr Judith Preston and her husband, Brian Preston, the chief judge of the NSW Land and Environment Court. 'It's always been my view that you design buildings that you go past, and every now and again, one might say, 'Oh, better go back and have another look at that'. And I like that idea that there's that privacy to the street, and then you bite the apple and you have all the fruit inside.' Sissons, who worked with Murcutt on a book about his Unbuilt Works, estimates the architect has designed about 400 projects across 55 years. Murcutt has won gold medals from Australia and the US, and the Alvar Aalto Medal. As well as the Pritzker, he was the first Australian named a Praemium Imperiale laureate of architecture by the Japan Art Association. No two Murcutt homes are the same; Sissons said the Preston home was 'wonderfully subtle'. 'It blends seamlessly into the bushland context, responding to the steep topography, sliding, bending and dropping through the gully.' He said the slender terracotta-coloured blade walls – requested by Brian Preston to match the pink angophora he loves – allowed glimpses into the surrounding bushland. Sissons said it felt as if the house had always been there. 'It isn't a spectacular architectural statement, rather it feels like a logical and inevitable response to its unique context.' To mark Murcutt's 90th year, the foundation set up in his honour will launch the Murcutt Symposium from September 11 to 13 at the State Library of NSW. It includes Murcutt in conversation with his friend Francis Kéré, another Pritzker winner, visiting Australia for the first time. It will include visits with Murcutt to homes he has designed, and a panel of top architects discussing ideas such as healthy buildings and designing for climate that drove Murcutt's practice. One speaker, Carol Marra, an architect and Churchill Fellow, said Kéré and Murcutt seemed very different – Kéré has a mid-size practice, where Murcutt works solo. Yet both took time to understand what's unique about a place, including its cultural and social history, the landscape and people. 'It is not trophy architecture but has a dignified presence of its own,' Marra said. She said it was difficult to date Murcutt's work. 'They could be 40 years old or could have been built yesterday. 'It's deeply human work, you can sense … a love of people, care for place and nature. It is incredibly hard to achieve this in our market-driven commercial world, but it is a reflection of who Glenn is, a beautiful human being, brilliant and humble in equal measure.' Compared with nearby McMansions, the Preston home is modest and was unusual for its time because it incorporated a range of salvaged wood. 'I like that idea that there's that privacy to the street, and then you bite the apple and you have all the fruits inside.' Glenn Murcutt on Preston House Preston, a devoted gardener who also received the TAFE State Medal for Urban horticulture (1999), said it was a very therapeutic place. 'You think about the Japanese concept of forest bathing. You have that in your own house. We get all the birds, and we open the windows.' Murcutt said it was important to have a client who understood beautiful landscaping. 'And [Preston] has made a paradise. It is just paradise.' Murcutt is not looking for new work but trying to complete projects. That includes working with architect Angelo Candalepas on the new beachfront headquarters for Royal Far West at Manly. Asked if he thought about his legacy, he said he left it to those managing the Murcutt Foundation. 'I am having a few difficulties, health-wise, falling over. It is knocking me about a bit. I say to myself if I get to 90 or 95 I will be very lucky,' Murcutt said. 'I am very philosophical. I would like to be active until I have finished, and I don't like the idea of slowing down, that's been the curse of my life. I'm pretending I'm still 40. 'I don't want clients to be waiting, and I die in the middle of it. So I've said basically no to every new project.'
The Age
5 days ago
- Entertainment
- The Age
Why exploring this Sydney home is like finding an unplayed Mozart
Turning 89 on Friday, the Pritzker Prize-winning Australian architect Glenn Murcutt is still surprising fans who thought they knew all or most of his work. Another home in Sydney's St Ives by one of the world's most internationally recognised and important architects, but the least 'starchitecty' in style, has come to light. Discovering an unseen Murcutt was like hearing an unplayed Mozart, said one Sydney devotee. Architect Nick Sissons said it was like finding an unknown Shakespearean sonnet. Once found, the family home seems to disappear back into the steep bush block. That was Murcutt's intention, he said, visiting the home he designed 30 years ago for Dr Judith Preston and her husband, Brian Preston, the chief judge of the NSW Land and Environment Court. 'It's always been my view that you design buildings that you go past, and every now and again, one might say, 'Oh, better go back and have another look at that'. And I like that idea that there's that privacy to the street, and then you bite the apple and you have all the fruit inside.' Sissons, who worked with Murcutt on a book about his Unbuilt Works, estimates the architect has designed about 400 projects across 55 years. Murcutt has won gold medals from Australia and the US, and the Alvar Aalto Medal. As well as the Pritzker, he was the first Australian named a Praemium Imperiale laureate of architecture by the Japan Art Association. No two Murcutt homes are the same; Sissons said the Preston home was 'wonderfully subtle'. 'It blends seamlessly into the bushland context, responding to the steep topography, sliding, bending and dropping through the gully.' He said the slender terracotta-coloured blade walls – requested by Brian Preston to match the pink angophora he loves – allowed glimpses into the surrounding bushland. Sissons said it felt as if the house had always been there. 'It isn't a spectacular architectural statement, rather it feels like a logical and inevitable response to its unique context.' To mark Murcutt's 90th year, the foundation set up in his honour will launch the Murcutt Symposium from September 11 to 13 at the State Library of NSW. It includes Murcutt in conversation with his friend Francis Kéré, another Pritzker winner, visiting Australia for the first time. It will include visits with Murcutt to homes he has designed, and a panel of top architects discussing ideas such as healthy buildings and designing for climate that drove Murcutt's practice. One speaker, Carol Marra, an architect and Churchill Fellow, said Kéré and Murcutt seemed very different – Kéré has a mid-size practice, where Murcutt works solo. Yet both took time to understand what's unique about a place, including its cultural and social history, the landscape and people. 'It is not trophy architecture but has a dignified presence of its own,' Marra said. She said it was difficult to date Murcutt's work. 'They could be 40 years old or could have been built yesterday. 'It's deeply human work, you can sense … a love of people, care for place and nature. It is incredibly hard to achieve this in our market-driven commercial world, but it is a reflection of who Glenn is, a beautiful human being, brilliant and humble in equal measure.' Compared with nearby McMansions, the Preston home is modest and was unusual for its time because it incorporated a range of salvaged wood. 'I like that idea that there's that privacy to the street, and then you bite the apple and you have all the fruits inside.' Glenn Murcutt on Preston House Preston, a devoted gardener who also received the TAFE State Medal for Urban horticulture (1999), said it was a very therapeutic place. 'You think about the Japanese concept of forest bathing. You have that in your own house. We get all the birds, and we open the windows.' Murcutt said it was important to have a client who understood beautiful landscaping. 'And [Preston] has made a paradise. It is just paradise.' Murcutt is not looking for new work but trying to complete projects. That includes working with architect Angelo Candalepas on the new beachfront headquarters for Royal Far West at Manly. Asked if he thought about his legacy, he said he left it to those managing the Murcutt Foundation. 'I am having a few difficulties, health-wise, falling over. It is knocking me about a bit. I say to myself if I get to 90 or 95 I will be very lucky,' Murcutt said. 'I am very philosophical. I would like to be active until I have finished, and I don't like the idea of slowing down, that's been the curse of my life. I'm pretending I'm still 40. 'I don't want clients to be waiting, and I die in the middle of it. So I've said basically no to every new project.'
Indian Express
15-07-2025
- Indian Express
Zayed National Museum to open in December 2025
Spanning a collection that dates back more than 3,00,00 years, Zayed National Museum, the national museum of the United Arab Emirates (UAE), will open its doors in Abu Dhabi in December 2025. Named after the late Sheikh Zayed bin Sultan Al Nahyan, widely regarded as the founding father of the UAE, the museum is at the heart of the Saadiyat Cultural District that is also home to other prestigious institutions such as Louvre Abu Dhabi, Berklee Abu Dhabi, Manarat Al Saadiyat, Abrahamic Family House and teamLab Phenomena Abu Dhabi. Designed by Pritzker Prize-winning architect Lord Norman Foster of Foster + Partners, the museum's architectural blueprint, unveiled in 2010, revealed how its five towering steel structures are inspired by the wings of a falcon in flight. It is notable that falconry has been an integral part of Emirati culture for centuries. The latticed towers are also intended to act as thermal chimneys that will draw cool air into the spaces below. Speaking about the museum in a statement issued, Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism, Abu Dhabi, stated, 'It is a tribute to his boundless belief in people, in their ability to learn, to uphold the values of unity, compassion and national pride. This museum is more than a place of preservation; it is a promise to future generations, a beacon of our identity, and a space where our story is told not just through objects, but through emotion, memory and vision. This institution will carry our story forward for generations to come.' Apart from a temporary exhibition gallery, the museum will also boast six permanent galleries spread across two floors. The display will include artefacts from the Palaeolithic, Neolithic, Bronze and Iron Age. The highlights include one of the world's oldest natural pearls that dates back 8,000 years, and the Blue Qur'an, one of Islamic art's finest manuscripts with Kufic calligraphy. In addition, a Bronze age Magan Boat has been recreated by Zayed University in partnership with New York University, Abu Dhabi. With the Middle East emerging as one of the most closely watched regions with regard to a growing market and push for art, the Saadiyat Cultural District will also soon see the opening of the Natural History Museum Abu Dhabi and the Guggenheim Abu Dhabi. 'The cultural legacy of the UAE has been nurtured over decades, from the establishment of its earliest cultural institutions to today's expansive vision for cultural exchange and knowledge. Saadiyat Cultural District represents the next chapter in this national journey, curating world-class institutions that honour the past and engage the future,' added Al Mubarak.
New York Post
25-06-2025
- Business
- New York Post
Here's your rare chance to live in a Zaha Hadid building
The late Pritzker Prize-winning architect Zaha Hadid designed breathtaking works around the world — but when it comes to homes, and particularly in the United States, they're in very short supply. Now, there's a rare chance to own an apartment at her One Thousand Museum tower in Miami. It asks $7.79 million — and, in this building, that could be a bargain. Especially since One Thousand Museum was the Iraqi-British architect's final edifice. It was completed in 2019 by her firm, three years after her death in 2016 at age 65. The 62-story structure rises 707 feet across from Museum Park. Such rarity of homeownership in one of her properties brings big-name owners — and the prospective owner of this listed unit can be in some powerful company, at least for now. Advertisement 9 The tower even looks striking in the evening hours. Become Legendary 9 The residence has a wide open layout. Become Legendary 9 Dining comes with a view through massive exposures. Become Legendary Advertisement 9 A close-up of the building's exoskeleton. Become Legendary This is where billionaire hedge funder Ken Griffin, of Citadel, has currently listed his 9,200-square-foot penthouse for $21 million — down from its $23 million ask in March. He bought the five-bedroom, six-bath aerie as a blank box for $18 million in 2021. Grammy-winning singer/songwriter Marc Anthony has also just rented his apartment in the building for $43,000 a month, Gimme Shelter has learned. It's also on the market for $9.9 million to buy. And Loren Ridinger, the co-founder and CEO of Market America and close pal of fellow mom-preneurs Victoria Beckham and Kim Kardashian, also listed her penthouse in April for $24 million. (Ridinger's late husband, Market America co-founder J.R. Ridinger, bought the unit with her for $19 million in 2021, a year before his death.) Advertisement 9 There's no shortage of space for chic lounging areas. Become Legendary 9 The apartment also has space for wine storage. Become Legendary 9 The main bedroom suite has its own impressive view corridor. Become Legendary 9 The outdoor entertainment areas are also jaw-droppingly beautiful. Become Legendary Advertisement 9 The views also wow at night. Become Legendary The sellers of the $7.79 million unit, Miguel and Cristina Rodriguez, bought it for $6.18 million in 2021. The half-floor residence comes with stunning views of Biscayne Bay, the Atlantic Ocean and the Miami skyline. Inside, there's a chef's kitchen with a refrigerated wine storage area. The main bedroom suite has a walk-in closet and a private terrace. The listing brokers are Douglas Elliman's Miguel Solis and Fernando Rodriguez.
