Turning a profit [Chicago] A developer who bought about eight acres from Homer Township in 2003 flipped the property 3– months later, netting a roughly $1.3 million profit on his $91,000 investment. Developer Robert Parsons also is a partner, according to a company employee, in Solarcrete. That firm was given a $2.5 million contract to …
Category Archives: Property Sales
What Statistics on Home Sales Aren’t Saying [South Florida]
What Statistics on Home Sales Aren’t Saying [South Florida] Down in Naples, Fla., a fast-growing city on the Gulf of Mexico, there was an auction of houses about a month ago. An auction isn’t the usual way to sell a home, but it can make sense for people who don’t want to leave their houses …
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A shady 14.3M deal? Mandarin condo buyer sues over sun block [Boston]
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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Pritzkers put Presidential Towers on the block [Chicago]
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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Trailer park sold, but no big changes planned — yet [South Florida]
Trailer park sold, but no big changes planned — yet [South Florida] The owner of a dilapidated trailer park has sold the property to pay off her debts. Though nothing is changing for now, the new owners said they will consider building low-income housing on the site in the future. Little Farm Trailer Park, a …
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Wal-Mart construction sends land prices soaring [Central Florida]
Wal-Mart construction sends land prices soaring Since construction of a Wal-Mart Supercenter began across the street, Debbie Leahy has been bombarded with offers to buy her home. For-sale signs dot her neighbors’ lots and line the rural highway. And she can’t go into town without being asked, “Have you sold yet?” or told the latest …
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