Category : Residential

SIMON FULLER, the brains behind the America Idol franchise, has just bought some new digs at The Plaza. Fuller and his wife Natalie paid $3.25 million for Unit 902 at the landmark property. The one bedroom, 1.5 bath apartment was listed by Susan Song at Stribling and sold for the asking price after just two days on the market, according to StreetEasy.

By Holly Dutton Forget Florida — today’s retirees are packing their bags for the big city, looking to spend their golden years taking in all the culture big metros like New York City offer. So-called “WOOF-ers” (well-off older folk) have the right amount of money and the right amount of time to buy a pad in a city where the average apartment price is $1.35 million, according to Douglas Elliman’s 1Q 2013 market report. Since the housing crisis in the late 2000s, urban living has increased dramatically, according to the 2010 Census, which reported that more than 80 percent of the country’s population now lives in urban areas. Additionally, in June of 2012, the U.S. Census Bureau reported that population in 27 of the country’s largest cities grew faster than the surrounding suburbs, a first since the 1920s.