News about properties and real estate
New York Firm for sale after loss of land to school After 246 acres of its Flowerfield property was seized by Stony Brook University under eminent domain law, Gyrodyne Company of America is putting itself on the block. The company is working with an investment bank to find a buyer and alternatively plans to convert …
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Ynetnews – Money – Tshuva buys 3 Florida neighborhoods Elad paid a total of USD 91 million for the three neighborhoods, which contain 476 housing units, Israel’s leading newspaper Yedioth Ahronoth reported Wednesday. The neighborhoods, constructed during the 1980s, are located at the town of Boca Raton near Miami. Elad plans to convert the housing …
New housing, shopping eyed for South Loop Developers have long-term goals for up to 2,000 new housing units, a shopping center and a 16-screen movie theater in the South Loop, according to insiders who have seen plans drafted for community groups. The property runs northwest of Roosevelt and Clark, site of a Target store. The …
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Developer reveals plan to buy Briny Breezes Ocean Land Investments of Boca Raton is the mysterious developer that has offered to pay $500 million for the entire town of Briny Breezes, a quaint mobile home park in southern Palm Beach County, company officials said Monday. The unprecedented offer would make the park’s 488 mobile home …
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Adopting orphans in real estate David Lichtenstein calls them the “orphans” of the real estate world. These unloved properties, hurt by problems real or imagined, are risks that many developers avoid. Yet for Lichtenstein, adopting orphans and leading turnarounds are his specialties. In late 2003, Prime Retail’s stock had plunged 99 percent as investors worried …
Ultra-luxe tower to soar Toll Brothers plans second project on Singer Island at Ocean’s Edge. Toll Brothers — known for luxury housing such as Frenchman’s Reserve in Palm Beach Gardens and Mizner Country Club west of Delray Beach — looked to Swedroe for its first-ever condo tower. Beach Front, a 19-story building with 51 units, …