No housing slump in Hamptons Ron Baron, founder of the investment company bearing his name, didn’t hesitate to pay $103 million for a 40-acre parcel in East Hampton, N.Y. It is the record for a residential property in the U.S. and just a little less than double the annual compensation of some of his neighbors. …
Category Archives: Investment Tips
Students attract investors
Students attract investors Ram Realty Services can thank those babies of baby boomers for $4.5 million. The Palm Beach Gardens, Fla., company sold the Ivy Chase student apartment complex at 3351 Cum Laude Court in West Raleigh to a group led by Julian LeCraw & Co. of Atlanta for $23.3 million — 24 percent more …
Commercial real estate still roars [Central Florida]
Commercial real estate still roars [Central Florida] Rob Guthrie has been expecting demand to fall for the small industrial buildings he builds. After all, a slowdown in industrial property usually follows a slowdown in the housing market, and right now, housing is in one doozy of a slowdown. Instead, this year, Guthrie has sold out …
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Bankrupt condo – hotel reflects downturn
Bankrupt condo – hotel reflects downturn Aug Funding lent the owners of the St. Augustine condo-hotel $5 million in late 2005 and hoped to be paid off with interest by now. But its attempt to auction off the 24-room South Beach hotel failed, despite more than 100 inquiries. ”Nobody showed up,” said Phillip Hudson III, …
As Condos Rise in Florida, Investors Try to Flee
As Condos Rise in Florida, Investors Try to Flee As dozens of condominium towers conceived during Florida’s real estate boom near completion, investors who snatched up units in the preconstruction phase in hopes of turning a quick profit are increasingly trying to break contracts, even walking away from fat deposits. “Motivated” sellers are flooding online …
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No profit doesn’t mean no taxes
No profit doesn’t mean no taxes DEAR BOB: I bought a rental property in 1991, which I sold for $450,000. To avoid capital gain tax, I used an Internal Revenue Code 1031 tax-deferred exchange to buy another rental property for $450,000. After renting it for 12 months, I moved in and have lived in it …