55 West ready to rise [Orlando] Three years after it was first proposed, construction of the 55 West condominium tower in downtown Orlando is under way and headed for completion in spring 2008. Spiraling costs for material and labor had delayed the 32-story project, and a long list of prospective buyers evaporated as delays continued …
Category Archives: Commercial Properties
A New Look and Higher Expectations for a 70’s-Style Building in Midtown
A New Look and Higher Expectations for a 70’s-Style Building in Midtown For more than three decades, a 41-story telephone company building adorned with vertical white marble stripes has stood opposite the western edge of Bryant Park. If all goes well next year, that structure, most recently known as the Verizon Building, will more or …
Continue reading “A New Look and Higher Expectations for a 70’s-Style Building in Midtown”
What Condo Purchasers Want: Fine Art?
What Condo Purchasers Want: Fine Art? “It needed more culture and authenticity if we expected to sell 450 units at prices ranging from $550,000 to $4.5 million,” said Tom Harrison, a Colony Capital principal. So Harrison did what some other apartment and condo developers are doing to woo sophisticated city dwellers: He created a sizable …
Blumberg fund to sell Brickell office tower
Blumberg fund to sell Brickell office tower An investment fund run by prominent real estate investor Philip Blumberg, who is facing drug possession charges, is selling a 15-story office tower on Brickell Avenue for more than $60 million, part of the fund’s strategy to take profits amid the hot commercial real estate market. American Ventures …
Continue reading “Blumberg fund to sell Brickell office tower”
Boom or thud? [California]
Boom or thud? [California] As mega-malls land in established communities, homeowners wonder what it means for them. From his home in the Adams Hill neighborhood, Richard Horgan has a sweeping view of downtown Glendale framed by the Verdugo Mountains. It’s a lovely panorama — one that’s about to change. In the coming months, a $264-million …
SEA CHANGE: Low-rise condo on Sunny Isles Beach, facing major repairs, sells its piece of paradise for development
SEA CHANGE: Low-rise condo on Sunny Isles Beach, facing major repairs, sells its piece of paradise for development Dozens of windows are boarded up at the ’50s mom-and-pop motel turned condo. Walkways are propped up by scaffolding. Some of the siding is gone with the wind, while tarps cover some of the roofing. The 172-unit …