Category: Real Estate
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And you thought New York was expensive? Even bankers can’t afford Hong Kong anymore
[dropcap]I[/dropcap]s this a sign that we’re all doomed? Hong Kong’s housing market has gotten so expensive that even bankers can’t find a decent place to lay their heads for a reasonable sum. (Hong Kong – Credit: Exploringlife via Wikipedia) Baby bankers in Hong Kong’s finance industry have started abandoning actual homes and are instead opting…
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Chinese billionaire living at Sherry-Netherland seeks asylum in US
[dropcap]A[/dropcap] Chinese billionaire who’s accused powerful officials and businessmen of corruption from his self-imposed exile at the Sherry-Netherland is seeking asylum in the U.S. (The penthouse at the Sherry-Netherland hotel and Chinese billionaire Guo Wengui – Credit: Twitter) Guo Wengui — also known as Miles Kwok — has been holed up in his swanky co-op…
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Miami firm scores $13.2M construction loan for hotel in West Kendall
TownePlace Suites Miami Airport, West Doral. A Miami-based firm just scored a $13.15 million construction loan for its planned TownePlace Suites by Marriott in West Kendall, property records show. Ocean Bank was the lender. Records show Sunflower Hospitality at Kendall LLC, led by Manuel Henriques Moniz, paid about $1.6 million for the site in 2011. The Marriott-branded…
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The Closing: Sam Zell
[dropcap]S[/dropcap]am Zell is the brash and outspoken chairman of Equity Group Investments, a private equity and venture capital firm he founded more than 45 years ago. He made his fortune — which has been pegged at $5 billion — by investing in an array of industries, including commercial real estate, manufacturing, transportation and health care. As of…
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FIU proposes $59M hotel and conference center
[dropcap]F[/dropcap]IU proposes $59M hotel and conference center – Rendering of proposed FIU hotel and conference center on its main campus (Source: Miami Herald) Florida International University has proposed to build a $59 million hotel and conference center on it main campus in Miami. The project is pending approval by the Florida Board of Governors, the…
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Emily Blunt and John Krasinski to sell BK townhouse for $8M
[dropcap]M[/dropcap]ovie stars Emily Blunt and John Krasinski will be listing their townhouse at 586 4th Street in Park Slope for $8 million, according to the Wall Street Journal. (Photo credit: Evan Joseph and Getty) They only bought the place in December 2015 for $6 million, so they haven’t owned it long, but comparing the listing photos before…
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The city wants to spend $98M to turn apartment buildings into homeless shelters, and tenant advocates are sweating
The city wants to spend $98M to turn apartment buildings into homeless shelters, and tenant advocates are sweating Critics say the conversion program encourages harassment City Hall is working on a $98 million deal to turn five apartment buildings into permanent homeless shelters and keep another six buildings in the notorious cluster site program for…