Category: Real Estate
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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.…
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Foreclosure fight: North Beach condo-hotel owners rally against $9.4M in assessments
For close to a year, investors have been locked in an epic fight to hold onto their units in a 1990s Miami Beach condo-hotel, amid claims they owe $9.4 million in unpaid assessments.(Photo illustration by Jhila Farzaneh for The Real Deal. Credit: Getty Images) Between December 13, 2016 and October 9, Port Orange, Florida-based Schecher…
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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…
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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…
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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…
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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…
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Maryland Investigating Kushner Real Estate Practices
[dropcap]T[/dropcap]he 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…