Goldman in $2bn property push Goldman Sachs has amassed $2bn to use for property investments in Asia, a move likely to intensify competition for assets in fast-growing markets such as China and India. The bank has been a prominent investor in Japanese property for a decade, but has decided to allocate significant resources to real …
Category Archives: Commercial Properties
It’s a condo conundrum [Central Ohio]
It’s a condo conundrum [Central Ohio] The “for lease” signs are going up at central Ohio condominium complexes, to the chagrin of owners who paid full price to buy there. Developers who have been trying to sell condos in a weak real-estate market now are offering to lease them with the option to purchase, while …
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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Bradenton builder stays busy in down market [South Florida]
Bradenton builder stays busy in down market [South Florida] At a time when several small- to medium-sized regional home builders have hit rough patches or simply folded, Bradenton’s Gibraltar Homes seems to have weathered the storm of real estate’s big downturn. Albert Sanchez, Gibraltar’s president and owner, sees an improving housing market ahead. He thinks …
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Entrepreneurs must pay $1.9 million
Entrepreneurs must pay $1.9 million Jury says couple who lost their building and businesses must honor guarantees they made to pay business debts Carolyn Waygood’s string of bad luck keeps extending. First she lost the 40,000-square-foot retail center she built on the Manatee River to foreclosure. Then she and her husband were evicted from their …