News about properties and real estate
Jennifer Lopez is the latest victim of Florida’s foreclosure crisis. The condo in the Icon Brickell building she was shacking up in with her latest younger lover, Caspar Smart, has now been bought up out of foreclosure by someone else and Lopez will have to move out according to Gossip Extra. Don’t worry about J.Lo’s …
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Condominiums, like homes, are selling at a healthy pace in Southwest Florida, but the median sales price continues to give ground — the result of more realistic sellers and a greater mix of units at the low end of the market and distressed properties. Sales during November rose 7 percent in Sarasota-Bradenton and 19 percent …
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Netscape founder Jim Clark just scored big in real restate. He sold last week his penthouse in Miami Beach for what is believed to be a record for a condo south of Manhattan: $21.5 million! While the sale has yet to show up in public records, SouthBeachCondoBlog.com reports the deal for the 5,803-square-foot, 40th-floor penthouse …
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A lender-owned beachfront property in Jupiter just sold to a foreign investor for $9.75 million, or $812,500 per unit. 3000 Ocean Dr., a 12-unit condo, was completed in 2010 at a cost of $18 million.CBRE marketed the property for sale on behalf of the lender, West Suburban Bank, after it foreclosed on the property in …
Continue reading “Bahrain Buyer Grabs Lender-Owned Condo for Half Price”
A crown jewel of Tampa’s skyline has sold as part of a 14-building deal. The SunTrust Financial Centre went for $82 million — $32.5 million less than it sold for in 2007. Beacon Capital Partners, a Boston-based real estate investment trust, bought the 36-story skyscraper and 13 other buildings last month in a $1.71 billion …
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When a 62-year-old financial advisor bought a two-bedroom Manhattan co-op recently, he showed up at the closing with a check for the full $970,000 purchase price. No mortgage? “The money I had in cash was sitting getting 0% interest,’’ explains the man, who asked not to be named. “It made absolutely no sense to borrow.”There …
Continue reading “The Benefits Of Buying A Home With Cash – Forbes”