Real Estate

Auction set for oceanfront compound in Vero Beach

An oceanfront compound in Vero Beach listed for $45 million will be offered at auction next month without reserve, or a minimum bid.(Above 1940 South A1A in Vero Beach (Source: ReMax)) The property is at 1940 South A1A on the barrier island Vero Beach,nestled between the Indian River and the Atlantic Ocean. Concierge Auctions will conduct the Dec. 13 auction of the Vero …

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Foreign investors boost Orlando housing market

Brazilian investor Alex Carneiro knows Florida home prices are up and currency exchange rates favor the dollar — yet he still bought two houses in Orlando this year. Despite this year’s Brexit uncertainties, federal immigration concerns and lucrative stock market earnings, Carneiro and other international investors drove more than $2 billion of residential sales in Metro Orlando during a recent …

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First Team Real Estate Agents Facilitate Record-High Luxury Sale In Southern California

2017 has been a year of extraordinary growth for First Team Real Estate, the independent real estate brokerage that’s facilitated several of Southern California’s most noteworthy luxury residential transactions this year-the latest of which closed in Yorba Linda earlier this month for USD 6.095 million, marking the highest sale in the community’s history, per MLS records. Leveraging their own knowledge …

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Developer nabs construction loan for Blue Lagoon apartments

Estate Investment Group just closed on $52 million in construction financing for a new project near Miami International Airport. The developer, led by founder and principal Robert Suris, secured the loan from Florida Community Bank for the 330-unit Soleste Blue Lagoon luxury complex, at 5375 Northwest Seventh Street in Miami. It’s expected to be completed by mid 2019, according to …

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Fort Lauderdale ranks as top US city for real estate investment

A new report ranks Fort Lauderdale as the sixth top city for real estate investment. The city jumped 29 spots in PwC US and Urban Land Institute’s Emerging Trends in Real Estate this year. The report surveys more than 1,600 real estate investors, fund managers, developers, property companies, lender, brokers and others in the industry on job growth, economy, and …

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Maryland Investigating Kushner Real Estate Practices

The office of the Maryland attorney general is investigating the management practices at the many large apartment complexes in the state that are owned and overseen by Kushner Companies, the family company of President Donald Trump’s son-in-law and top adviser, Jared Kushner. A spokesman for Kushner Companies confirmed that the office of Maryland Attorney General Brian Frosh, a Democrat elected …

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Who is real estate’s Harvey Weinstein?

Harvey Weinstein quietly paid off accusers for decades, successfully silencing allegations of sexual assault and harassment. That all changed earlier this month when the New York Times published an explosive investigation into previously undisclosed allegations.(Credit: Getty Images) The deluge of accusations that followed the Times report and the emergence of similar stories in other industries has The Real Deal wondering: …

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Church Street Plaza: New downtown office tower gets started

Occupying a corner spot next to Interstate 4, the 28-story project has been renamed Church Street Plaza. In planning stages for the last three years, it was called Tremont Tower or Tremont Plaza. Major work on below-ground pilings has already started. The building will also have its own SunRail Station. The last major downtown towers that had significant office space …

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