News about properties and real estate
Renters win in slow market [South Florida] Now that Palm Beach County’s boom-time home-sales market is settling down … guess what? It’s become a renters’ market, according to a report released Wednesday. While that’s good for renters, it isn’t welcome news to landlords or home sellers. Home sellers competing for buyers in the county’s volatile …
Continue reading “Renters win in slow market [South Florida]”
The Cost of Borrowing Moves Up When Metropolitan Real Estate Investors of Los Angeles and its Israeli financial partners agreed in April to buy 885 Third Avenue, a Midtown Manhattan office tower that is known as the Lipstick Building because of its elliptical shape, there seemed to be little doubt about how the deal would …
Islamorada developer faces lawsuit Robert Falor, the embattled condo-hotel developer, faces a new lawsuit over his ownership interest in Islamorada’s Cheeca Lodge. The Chicago developer who has feuded with partners in several hotel projects in South Florida now must fight a lawsuit in Monroe County from investors claiming mismanagement and breach of contract. At issue …
WCI’s stock decline raises question about it spurning Icahn’s offer Since billionaire investor Carl Icahn’s $22-a-share offer for WCI Communities Inc. expired in May, the luxury builder has seen its stock price fall as the housing market continues to stumble. Some question whether the company — a developer of waterfront and country club communities — …
Continue reading “WCI’s stock decline raises question about it spurning Icahn’s offer”
Getting Away by Pressing the ‘Up’ Button [New York] “In many of these high-rise buildings,” Mr. Bedoya said, “there are fewer apartments the higher up you go, so it feels a bit more private and exclusive. And the views are certainly something that people value. When you’re entertaining, everyone is always impressed by a lot …
Continue reading “Getting Away by Pressing the ‘Up’ Button [New York]”
Fort Lauderdale’s Las Olas Centre sold [South Florida] The owner of Chicago’s Prudential Plaza and Washington’s Watergate building said Friday it bought Fort Lauderdale landmark Las Olas Centre, an office-retail property with notable tenants such as Jackson’s Steak House and Huizenga Holdings Inc. Real estate investment firm BentleyForbes LLC of Los Angeles did not disclose …
Continue reading “Fort Lauderdale’s Las Olas Centre sold [South Florida]”