News about properties and real estate
A shady 14.3M deal? Mandarin condo buyer sues over sun block [Boston] Real estate mogul Pritam Singh agreed to spend $14.3 million, with dreams of basking in a sun-splashed penthouse atop the ultra- luxurious Mandarin Oriental Boston. But Singh contends his hopes were dashed when he discovered the Mandarin Oriental penthouse he had put under …
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A Slam-Dunk in Houston Real Estate Hakeem Olajuwon, the soft-spoken Nigerian émigré who led his team to two N.B.A. championships, has also done extremely well flipping real estate in his adopted hometown. Following an unorthodox yet disciplined strategy, he has managed to make as much in real estate in the last 10 years as he …
Would-be renters lose thousands The slight woman with the sharp tongue and unassuming personality talked a good game. It’s how she was able to convince four separate renters to pony up thousands of dollars each to rent houses she did not own. But in reality, Nancy J. Burgess attempted to rent properties in The Acreage …
Are REITs beginning to run out of gas? At a time when everyone seems to be debating the downshifting in residential real estate, some other real estate vehicles have been careening down Wall Street like a bunch of Lamborghinis in overdrive. They’re called real estate investment trusts, or REITs (rhymes with “treats”), and they offer …
Gainesville developers upgrade their condo plans [North Florida] Gainesville developers are updating their plans to make the city taller. Building planners for University Corners and Gainesville Greens are increasing the facilities, space and cost of their multimillion dollar projects. University Corners announced changes in their $185-million plan late November. They told the city they would …
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Pritzkers put Presidential Towers on the block [Chicago] Complex likely to sell for $450 million or more in big payday for Pritzkers. Eleven years after bailing out the Presidential Towers apartment complex, Chicago’s billionaire Pritzker family is selling the 2,346-unit West Loop property, which could fetch $450 million or more. Built with public subsidies in …
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