Property auction had a lot of silence The crowd filed in to the large white tent behind the Bahia Mar resort for Friday’s real estate auction organized by Sotheby’s and Daniel DeCaro Auctions as a four-piece jazz band played a peppy rendition of “I Feel Good.” But as auctioneer Daniel DeCaro stood and watched from …
Monthly Archives: March 2008
Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California]
Maguire Properties Drops ‘For Sale’ Sign Due to Lack of Offers [Southern California] Maguire Properties Inc. said Friday that it scrapped plans to put itself on the block amid uncertainty in the credit markets and a lack of viable offers. The announcement fueled a 16% slide in the Southern California real-estate investment trust’s share price, …
Your own Strip kingdom awaits: If you can afford it [Vegas Strip]
Your own Strip kingdom awaits: If you can afford it [Vegas Strip] If you missed out on last year’s $1.2 billion sale of the New Frontier, now is your chance to snap up 27 acres of land just south of the Sahara — one of only two major Strip-facing parcels listed for sale. But it’s …
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GL Homes bucks trend, buys $117 million of land [South Florida]
GL Homes bucks trend, buys $117 million of land [South Florida] Home builders are dumping land, cutting workers and otherwise retrenching, yet GL Homes is still buying. The Sunrise-based builder just paid $117 million for 1,068 acres west of Delray Beach. Privately held GL Homes bought the site from the Hyder family. The builder put …
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Real estate investment trusts prove disappointing in 2007
Real estate investment trusts prove disappointing in 2007 Since January 2001, I have regularly suggested that investors consider adding real estate investment trusts, or REITs, to their portfolios. In that time, the total return from REITs through 2007 has been about 273 percent. Thus, investors who followed the suggestion did quite well. However, 2007 was …
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As Sky Falls, Condos Look For Protection [Tampa Bay Area]
As Sky Falls, Condos Look For Protection [Tampa Bay Area] When the foreclosure filing came last month, developer Fida Sirdar determined the only way to save The Place at Channelside condominium was to file for bankruptcy reorganization. It was either that, he said, or hand the keys over to the bank and walk way. “Generally, …
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