‘Underpriced’ at $100 Million Five houses are vying to be the most expensive ever sold, market slump notwithstanding. Ben Casselman and Christina S.N. Lewis handicap the race. The price to beat is $103 million. Two years ago, at the peak of the real-estate boom, only a handful of homes in the U.S. had ever been …
Author Archives: Administrator
State reviews title insurance
State reviews title insurance Cozy relationships between title insurance companies and real estate agents, builders and lenders, and the question of who ends up with premium dollars were at the heart of a four-hour public hearing in Tallahassee on Thursday as Florida regulators began to pull back the curtain on the little-known title insurance business. …
Real Estate Record Hits Hurdle
Real Estate Record Hits Hurdle When the private equity firm Somerset Partners announced last month it was acquiring 450 Park Ave. for $1,589 a square foot, a record for a Manhattan office building, it was hailed nationwide as a sign of the historic strength and high demand in the city’s commercial real estate market. Now, …
Florida men may face federal indictments in alleged fraud
Florida men may face federal indictments in alleged fraud A group of men accused of bilking hundreds of Southwest Florida residents out of at least $35 million will ask a judge today to put a state civil case against them on hold because they are facing a federal indictment. The indictment would be the first …
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Condo, insurer duel over storm costs
Condo, insurer duel over storm costs Nearly two years after Hurricane Wilma blew out windows and buckled walls at the Chalfonte Condominium in Boca Raton, residents of the 21-story twin towers are still waiting for their insurance company to pay them for the roughly $13 million they spent on repairs. On Monday, they took their …
WCI’s Financial Fortune Is Staked To Condo Tower In Miami [South Florida]
WCI’s Financial Fortune Is Staked To Condo Tower In Miami [South Florida] One Bal Harbour may look like just another sign of excess in Miami’s oversaturated condo market, but to developer WCI Communities ( WCI) the luxury tower represents crucial cash. The Bonita Springs, Fla.-based developer is counting on sales of 185 condos and 115 …
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