Month: March 2018

Kathie Lee Gifford asks $10.5M for Key Largo house

Kathie Lee Gifford and her Key Largo house (Credit: Taylor Hill, Getty Images/Realtor.com) Kathie Lee Gifford, co-host of the fourth hour of the Today show on the NBC television network, listed her waterfront house in Key Largo for sale with a $10.5 million asking price. The 11,400-square-foot house was part of the estate of her late …

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Mixed-use development in NE Florida draws $80.5M construction loan

Rendering of Durbin Park development A Miami-based bank provided an $80.5 million loan to finance construction of the first phase of a mixed-use development in northeast Florida. City National Bank of Florida made the construction loan to Gatlin Development Co., the company behind the development in St. Johns, about 25 miles south of Jacksonville. Walmart …

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The latest trend for luxury homes? Keeping the price tag a secret

The 10,000 square foot triplex atop the Hampshire House at 150 Central Park South (Credit: Viewpoint Studios) Asking prices are the latest secrets in the luxury real estate market, with agents choosing to make them “available upon request’ rather than advertising them. There are multiple reasons for employing this strategy, ranging from trying to let …

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South Florida firm plans to revive 22-acre mixed-use project in Port St. Lucie

The 22-acre City Center development site in Port St. Lucie (Credit: Alan Diaz / Associated Press) A firm based in South Florida plans to acquire 22 acres of distressed real estate in Port St. Lucie for commercial development. Hollywood-based Biscayne Atlantic, led by principal David Garfinkle, plans to acquire the property for the development of …

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Atlanta-based owner will sell Palm Beach Post but keep its building on South Dixie Highway

The Palm Beach Post building at 2175 S. Dixie Highway in West Palm Beach (Credit: Yelp) Cox Enterprises agreed to sell the Palm Beach Post but will retain the daily newspaper’s building at Dixie Highway and Belvedere Road in West Palm Beach. The Palm Beach County Property Appraiser reports that the newspaper’s seven-acre property at …

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Stiles advances Westerra project in Sunrise

The Westerra development site in Sunrise (Credit: Stiles Corp.) Sunrise city commissioners unanimously approved a rezoning proposal by Stiles Corp. for a mixed-use development called Westerra. The city commissioners rezoned about 32 acres west of the Sawgrass Mills shopping center from “office and recreation” to “planned development district.” Commissioners are scheduled to vote a second …

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Miami will expedite reviews of permit applications by property owners

Door installation is among the types of work for which Miami will expedite permit applications. (Credit: diynetwork.com /Dorling Kindersley) The municipal government of Miami plans to expedite the process of obtaining city permits for such property improvements as building a backyard shed or installing a new door. Starting April 9, city employees will take applications …

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National Cheat Sheet: Chinese slashed investment in US real estate by more than half in 2017 … & more

Clockwise from top left: Social amenities drive down value of apartment buildings, Chinese investment in the US drops, Facebook sued over housing ads and Harvey Weinstein sold his NYC home. Chinese slashes investment in US real estate by more than half in 2017 Chinese investment in the United States’ commercial real estate has plummeted by …

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Carson-led HUD curtails fair housing investigations Obama administration began

Ben Carson (Credit: Wikimedia Commons) The U.S. Department of Housing and Urban Development, led by Secretary Ben Carson, is rolling back efforts to enforce federal fair housing laws. A New York Times investigation found that HUD’s Fair Housing and Equal Opportunity Division is pausing a handful of investigations that President Obama’s administration made a priority. …

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Patti Payne's Cool Pads: George and Susan Howison list Mercer Island waterfront estate for $6.5 million

It’s East coast meets Northwest at George and Susan Howison’s Mercer Island custom waterfront estate (4338 E. Mercer Way), where they have lived in since 1996. George Howison was in the oil business in Texas in 1991 when he and his wife came out to Seattle looking for waterfront and bought the Mercer Island property …

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