News about properties and real estate
Traps can lurk in tax savings on real estate Tax time provides an opportunity to cash in many of the rewards of dabbling in last year’s red-hot real estate market — but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. Although the rules …
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Proposed office building sale will shatter records [New York City] The owner of two of four buildings in a Harrison office park plans to spend $35.3 million — a record-breaking $219 per square foot — to acquire one of the adjacent properties. In a deal born as much by necessity as desire, Heritage Realty Services …
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Real estate firms tally up heady sales as outlook dims [Central Florida] Last year may have been the pinnacle — it’s clear real estate markets are slowing — but Central Florida companies sure made hay while the sun was up. CB Richard Ellis’ Florida Multi-Housing Team handled $5.2 billion in apartment sales last year. The …
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Taking reservations [Southern California] Just when investors thought they knew everything about vacation home purchases, along comes a brand-new way to spend lots more money. Hybrid condo-hotels — luxury hotels whose rooms or suites are sold as condominiums and are available to owners from a week to three months a year — are on their …
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Liens, delays dog Ceebraid [South Florida] Creditors seeking payment for everything from ironwork at the Brazilian Court to flight services for a 13-year-old Learjet are dogging Ceebraid-Signal Corp. and companies linked to the West Palm Beach firm or its top executives. Only last year, Ceebraid-Signal snapped up the Gulfstream Hotel in Lake Worth for $13 …
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Caribbean now a real estate treasure chest The waterfront has always been the hottest bet in the real estate game and probably always will be. But a host of factors complicating development of luxury properties here on the mainland are pushing the front to places that many of us have never heard of: Canouan Island, …
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