Developer was mole for feds [Chicago] John Thomas bought and sold downtown office buildings and helped other property developers secure multimillion-dollar mortgage loans. But the high-living dealmaker had a double life. Thomas, who was convicted of federal business fraud in New York in 2004, has been serving as an undercover government mole in Chicago for …
Category Archives: Regional
Peebles sues for control of Royal Palm [South Florida]
Peebles sues for control of Royal Palm [South Florida] Don Peebles sold off most of the Royal Palm three years ago. But now he’s suing to take over the South Beach resort, saying management is ruining the hotel. Three years after giving up control of the Royal Palm Hotel in a sale, R. Donahue Peebles …
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1 in 11 in Volusia, Flagler at millionaire status [Florida]
1 in 11 in Volusia, Flagler at millionaire status [Florida] They’re rich, but not famous, and that’s the way they like it. One of every 11 households in Volusia and Flagler counties has achieved millionaire status, a study has found, while 1 in every 128 has made it to the $5 million level. Research by …
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Normans’ Jupiter Island estate could fetch $30M [South Florida]
Normans’ Jupiter Island estate could fetch $30M [South Florida] In the midst of their stormy divorce, Greg and Laura Norman’s 7-acre Jupiter Island mansion, Tranquility, has hit the real estate market and could fetch as much as $30 million. If it’s not featured on the Realtors’ multiple listing service now, it will be shortly, said …
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Condo Saturation Soaks Developers [Central Florida]
Condo Saturation Soaks Developers [Central Florida] Condos For Sale. The loud signs flaunted from street corners across the Bay area are meant to grab the attention of potential buyers. Developers advertise slashed prices and promise flat-screen TVs and computers. They put up inflatable gorillas and even pay people to dress as superheroes at busy intersections. …
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As ‘subprime’ rates shoot up, owners despair [Central Florida]
As ‘subprime’ rates shoot up, owners despair [Central Florida] Twanda Thompson doesn’t want to lose her home. But unless she can solve her mortgage woes, she and her four children may have to start looking for an apartment. Like many would-be homeowners with below-average or poor credit, the Orlando woman took out a “subprime” mortgage …
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