News about properties and real estate
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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Metcalf tower in Orlando is for sale [Central Florida] One of downtown Orlando’s earliest “skyscrapers” — the 10-story Metcalf Building — is on the sales block for $12 million. The owners are developer Cameron Kuhn and the four shareholders of the Alvarez, Sambol, Winthrop & Madson law firm, who bought the property at 100 S. …
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Hotel to go back up for sale [Farmingdale, NJ] The 19th-century American Hotel, East Main Street, which operated as a banquet facility and restaurant for years before it was closed at the end of 2003, will be put on the auction block for a second time on March 23 at 1 p.m. The auction will …
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East Sarasota parcel sells for $132,500 per acre In a rare handshake deal, Indiana investor J.Z. Morris sold 20 acres east of Interstate 75 for $2.65 million. That comes to $132,500 per acre, a record price for residential land in that part of Sarasota County. “It went on the market in April 2004,” said David …
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Blumberg fund to sell Brickell office tower An investment fund run by prominent real estate investor Philip Blumberg, who is facing drug possession charges, is selling a 15-story office tower on Brickell Avenue for more than $60 million, part of the fund’s strategy to take profits amid the hot commercial real estate market. American Ventures …
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