News about properties and real estate
Bal Harbour gives preliminary OK to $1 billion hotel project The $1 billion St. Regis-Bal Harbour Hotel and Residences, which one of its proponents touted will be “absolutely the highest-class hotel in South Florida,” has gained tentative approval of a zoning change from the Bal Harbour Village Council. The council’s 4-1 vote Jan. 5, following …
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New York Firm for sale after loss of land to school After 246 acres of its Flowerfield property was seized by Stony Brook University under eminent domain law, Gyrodyne Company of America is putting itself on the block. The company is working with an investment bank to find a buyer and alternatively plans to convert …
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Have you overimproved your home? Home improvement spending is frequently justified because it adds to a home’s value when it’s time to sell. And it often works out great. But there are dangers to look out for. “A lot of people who overimproved did a cash-out refinancing when rates were at a low, expecting housing …
Ynetnews – Money – Tshuva buys 3 Florida neighborhoods Elad paid a total of USD 91 million for the three neighborhoods, which contain 476 housing units, Israel’s leading newspaper Yedioth Ahronoth reported Wednesday. The neighborhoods, constructed during the 1980s, are located at the town of Boca Raton near Miami. Elad plans to convert the housing …
New housing, shopping eyed for South Loop Developers have long-term goals for up to 2,000 new housing units, a shopping center and a 16-screen movie theater in the South Loop, according to insiders who have seen plans drafted for community groups. The property runs northwest of Roosevelt and Clark, site of a Target store. The …
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Appraiser’s role offers unique view of market How has the steady stream of news reports about home values and inventories impacted the real estate market? I believe they have had a significant impact on non-real estate professionals. These folks have been caught up in the hype about “skyrocketing” values. As the news comes out, people …
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