Banks big buyers at Prewett auction Energy levels were high at former investment adviser Daniel Prewett’s Dec. 13 bankruptcy auction. The Osprey Inn was bursting with more than 500 people, and the night concluded with all properties on the block being sold. At first, it seemed the auction was revealing something about the real estate …
Category Archives: Property Sales
Georgia real estate firm buys Southside office complex
Georgia real estate firm buys Southside office complex Georgia-based Melaver Inc. has purchased an office building at 2101 Highland Ave. on Birmingham’s Southside. Melaver, a sustainable real estate developer, is based in Savannah, Ga., and has an office in Birmingham. The company said in a news release this is the third property in its Birmingham …
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‘Underpriced’ at $100 Million
‘Underpriced’ at $100 Million Five houses are vying to be the most expensive ever sold, market slump notwithstanding. Ben Casselman and Christina S.N. Lewis handicap the race. The price to beat is $103 million. Two years ago, at the peak of the real-estate boom, only a handful of homes in the U.S. had ever been …
Real Estate Record Hits Hurdle
Real Estate Record Hits Hurdle When the private equity firm Somerset Partners announced last month it was acquiring 450 Park Ave. for $1,589 a square foot, a record for a Manhattan office building, it was hailed nationwide as a sign of the historic strength and high demand in the city’s commercial real estate market. Now, …
Official knee-deep in debt [Tampa Bay Area]
Official knee-deep in debt [Tampa Bay Area] Already facing the challenges of a lengthy 2008 presidential ballot, the retooling of his office’s voting system and his own re-election campaign, Hillsborough Elections Supervisor Buddy Johnson has chosen this year to revamp entirely his finances and his living arrangements. In the last eight months, he has sold …
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Fort Lauderdale’s Las Olas Centre sold [South Florida]
Fort Lauderdale’s Las Olas Centre sold [South Florida] The owner of Chicago’s Prudential Plaza and Washington’s Watergate building said Friday it bought Fort Lauderdale landmark Las Olas Centre, an office-retail property with notable tenants such as Jackson’s Steak House and Huizenga Holdings Inc. Real estate investment firm BentleyForbes LLC of Los Angeles did not disclose …
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