This week, Eliot L. Spitzer, the former New York governor, invited journalists to view his recent tax returns in his office in the French chateau-influenced Crown Building, on Fifth Avenue, which is doubling as his campaign headquarters. On the twenty-second floor, a gold-plated placard on the office door still bears the name of Spitzer’s father, …
Category Archives: Regional
Luxury hotel, condo project is now dead
After nine years of work, a plan to build a luxury upscale hotel and condo project known as the Grand Bohemian is dead. City leaders Thursday agreed to a deal to let Orlando hotel developer Kessler Enterprise pay off its remaining debt from its $3.3 million purchase of the old Maas Brothers Store site that …
Vacation home rentals gaining momentum
Angel Luna bought a three-bedroom bungalow five minutes from the water in Apollo Beach when she moved to Florida to launch her jewelry and clothing design business. She soon decided she would rather live where she worked in West Shore than commute from South County, but Luna wanted to retain ownership of the bungalow and …
“Shocking” number of luxury condos for sale on MLS
The number of $1 million-plus condos for sale in Toronto has reached such “shocking” levels, it would take about 20 months to sell them all given current demand, more than four times what it would take to clear the current inventory of more conventional condos. What’s even more worrisome is those numbers don’t include “shadow …
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‘Isle of View’ a true Sarasota mansion
A large part of the Sarasota housing market occupies the extremes. At one end, a third of homes in the Sarasota market are in negative equity (underwater) and the median sales price of a home is $176,360, more than 40 percent lower than it was during the boom, eight years ago. At the other end …
Return of the Sight-Unseen Market
One real estate developer hired a drone; another displayed life-size sculptures of polar bears. A third charged potential buyers $100,000 just to take a peek at the floor plans. The common goal: selling something that doesn’t exist. Spurred by tight inventory and plenty of interest from foreign buyers, real-estate developers in cities such as New …