News about properties and real estate
Trailer park windfall: $510 million for Briny Breezes [South Florida] A link to South Florida’s past saw the future Tuesday: It’s big and splashy and comes with a lot of zeroes. And, if shareholders in this oceanfront mobile home park give their blessing, a Boca Raton developer they’d already spurned once will buy their town, …
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Part 2 of 3: The new lords of the land [Baltimore] A small number of investors who own many Baltimore ground rents often sue delinquent payers, obtaining their houses or substantial fees Paul W. Nochumowitz describes himself as a bail bondsman who takes home $14,000 a year and is bankrupt. Still, he and his wife, …
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Hillsborough: Mansion goes to $5.55-million bidder [South Florida] But $4-million from Paul Bilzerian’s Avila home sale may pay for attorneys and loans. The sprawling but embattled mansion in north Hillsborough County built by Paul Bilzerian was auctioned for $5.55-million Monday by a bankruptcy judge. “It was a good investment,” said Clearwater auctioneer Michael Peters, the …
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Treasure Coast official accused of land payoff [South Florida] The FBI arrested a governor’s appointee to the Treasure Coast Regional Planning Council Monday, making him the third defendant facing criminal charges in the corruption case against former Palm Beach County Commission Chairman Tony Masilotti. Daniel Miteff of Wellington, accused of making a $50,000 payoff to …
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A Booming Real Estate Market Gives Harry Macklowe the Last Laugh [Manhattan] When Harry Macklowe, the scion of one of New York’s most prominent real estate families, paid $1.4 billion in September 2003 for the General Motors Building on Fifth Avenue between 58th and 59th streets, people laughed at what seemed like an outrageous price. …
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Bellina the queen of Bonita real estate market [South Florida] When Susie Bellina arrived in Bonita Springs in 1979, she never envisioned that this pit stop between Naples and Fort Myers would one day become such a real estate hot spot. “I came down for a visit and I remember that Bonita Springs was this …
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