News about properties and real estate
Millionaire hopefuls’ cash gone with breeze [South Florida] In January, Ocean Land Investments of Boca Raton agreed to pay Briny trailer owners $510 million for their oceanfront property, a defiantly unpretentious middle-class oasis wedged amid mansions, high-priced condominiums and opulent hotels. Ocean Land planned a development featuring 900 condos, a 349-room hotel, a marina and …
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Sarasota YMCA entangled in unorthodox land deal [South Florida] A complex real estate deal between the Sarasota Family YMCA and one of its fundraising foundation board members made the charity at least $250,000. But the deal also turned out good for the board member, Sarasota attorney David Band. Together with four partners, Band sold half …
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Miami condo units to be auctioned [South Florida] Panoramic views of Biscayne Bay. A short distance to the Carnival Center and downtown Miami. Living in the heart of Miami’s emerging Edgewater neighborhood. It’s all yours — for auction next month inside a Marriott Hotel ballroom. In what may preview the straits the ailing South Florida …
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Investors Compare Manhattan Buildings With T-Bills The tightening of underwriting standards and of the availability of capital seems not to have affected sales of residential apartment buildings across the five boroughs, as some had feared. The Katz family is the owner of two prize residential apartment houses on Park Avenue, including the 20-story, 116-unit rental …
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Owners struggle to sell condos as boards impose tough standards [South Florida] Jane Consiglio has been trying for a year to sell her one-bedroom apartment in section 4 of High Point of Delray Beach. She finally got an offer from a disabled Vietnam War veteran and his wife, but her condo board turned them down. …
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Walkaways increase at WCI condos [South Florida] Builder WCI Communities said more buyers are walking away from its condos, though the company said it is ready to withstand what it called a `protracted downturn.’ WCI Communities said 17 percent of its condominium buyers have walked away rather than close on new units this year, the …
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