News about properties and real estate
A waterfront estate near the tony St. Armands Circle shopping district has sold for $4.25 million, the highest-priced single-family home sale on Lido Key since 2007. The 6,123-square-foot home and 141 feet of Sarasota Bay frontage went under contract just 81 days after being placed on the market, according to brokerage Michael Saunders & Co., …
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Dan Gilbert, the billionaire Detroit real-estate investor, has shown he likes a bargain—snapping up downtown office properties for as little as $10 a square foot. But now he is negotiating to take control of Detroit’s Greektown Casino-Hotel at a price that isn’t deeply discounted. An affiliate of Mr. Gilbert’s Rock Gaming already owns some shares …
A Buffalo, N.Y., company has bought a 73,276-square-foot storage warehouse at 530 Manatee Ave. W. for about $4 million. Sovran Acquisition is a subsidiary of Uncle Bob’s Self Storage in Buffalo, which owns and manages more than 450 self-storage operations around the country. The seller was Manatee Avenue Storage Partnership LLP, a Sarasota company managed …
Venture capitalist Fred Drasner and his wife Lora have put their 9,000-square-foot condominium in Miami on the market for $27 million. Mr. Drasner is currently chairman of Miami venture capital firm Three Seasons Capital.Composed of three separate units that were put together, the property has four bedrooms and 10 bathrooms and is on the 54th …
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In 2003, the $13.2 million sale of 1219 Westway Drive, a then-new 7,400-square-foot mansion and property next door, kicked off the region’s residential real estate boom and set a sales record. For the next three years, the market soared, until a mammoth collapse slashed prices by 50 percent or more. On Friday, the tony Lido …
Continue reading “Sales on Sarasota’s Westway Drive measure luxury market | HeraldTribune.com”
With their children through college, Myra McWethy and her husband Kevin decided to sell their three-bedroom Santa Monica, Calif., home in May and move to San Diego. Given the soft housing market, they weren’t sure how buyers would react to their $1.8 million asking price. They found out quickly. Within hours of listing the property, …