News about properties and real estate
Young developer bets millions on S. Fla.’s real estate boom A developer is paying a bold $46.5 million for the two-acre parking lot just west of Miami’s Bank of America Tower at International Place. But perhaps even more surprising: He’s never constructed a building before. Jeremy Green, 32, is buying the parcel pinched between Southeast …
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Vicarage sells for $7.35M The Vicarage at 448 N. Lake Way — so-named because an unknown architect built it in 1897 for the vicar of The Episcopal Church of Bethesda-by-the-Sea — has sold for $7.35 million in a deal that closed Tuesday. The island’s third-oldest house and the first residence in Palm Beach to be …
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Beverly sale closes; execs retire [Northwest Arkansas] Beverly Enterprises Inc. Chief Executive William Floyd and others retired Wednesday, a day after the company was sold, and the new owner continues to mull over the business’s future. Fort Smith-based Beverly also said Wednesday that Randy Churchey will become the new chief executive of the nursinghome company, …
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I-Drive to land region’s first InterContinental luxury hotel [Central Florida]/a> A Fort Lauderdale developer announced plans Wednesday to build a 1,260-room InterContinental hotel on Lake Bryan about four miles from the Orange County Convention Center. The luxury hotel, which would be the largest InterContinental in the world and the first in Orlando, will be called …
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Developer follows new blueprint [South Florida] Terry Stiles is shifting his company’s focus to retail and mixed-use projects. Terry Stiles joined his father’s construction company in 1968. He didn’t make much of an impression on the office staff. “We had two carpenters, one laborer — that was me — and a 94-year-old receptionist who didn’t …
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Foreclosure market can yield home bargains, but be careful For our final examination of sources for bargain properties, I want you to know something about the world of real estate foreclosures. There are pros and cons, and you may come to the conclusion that this source is more trouble than it is worth. Even so, …
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