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Monthly ArchiveMarch 2018

Photos: Newest phase of Bridgeland master-planned community opens

Homes start in the $240,000 range.

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Paul Bielinski named CEO of Bielinski Homes, Milwaukee's largest homebuilder

The largest homebuilder in the Milwaukee-area has named a new CEO to lead the family-owned company.

Paul Bielinski, previously chief operating officer and son of co-founder Frank Bielinski, has been promoted to CEO of Bielinski Homes Inc., the Pewaukee-based company said. Steve Bielinski, most recently director of purchasing and estimating, will assume the role of chief operating officer.

Co-owners and brothers Frank Bielinski and Harry Bielinski will continue to provide leadership to the company.


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9Neighborhoods: The first colonists to come to Denver settled in this neighborhood (Photos)

Overland was once considered a rundown area with not a lot to offer residents. Now, it’s in the midst of a renaissance, as once-empty store fronts along South Broadway fill out with dispensaries, breweries, art galleries and restaurants. 

The Denver neighborhood just north of Englewood is bounded by West Mississippi Avenue to the north, South Broadway to the east, West Yale Avenue to the south and the South Platte River to the west.

The median home price for Overland is about $397,000, according…

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Trump’s sister’s Palm Beach waterfront home under contract

1125 South Ocean Boulevard with Donald Trump and Maryanne Trump Barry (Credit: Realtor.com and WNYC)

President Trump’s older sister Maryanne Trump Barry is under contract to sell her beachfront, eight-bedroom home in Palm Beach.

The 8,270-square-foot home at 1125 South Ocean Boulevard hit the market with Christian Angle of Christian Angle Real Estate in December for $22.9 million. Just this month the asking price was raised to $23.9 million, according to Realtor.com. The sale price is not yet available. The Palm Beach Daily News was first to report that it is under contract.

Barry is a senior judge in the United States Court of Appeals for the Third Circuit. Her eight-bedroom, eight-bathroom home was built in 1956, and last traded for $11.5 million in 2004, records show.

This is Barry’s second big sale in Palm Beach. In 2015 she sold the home at 160 Woodbridge Road for $8.9 million. She built the house two years earlier. She paid $1.75 million for the lot in 2001, demolished its existing home that same year and completed work in 2004. It sits directly next to Trump’s private Mar-a-Lago country club.

Over the summer she sold her Westhampton Beach home for $3.7 million. [Palm Beach Daily News] – Amanda Rabines

Source: http://feeds.feedburner.com/trdmiami

EXCLUSIVE: Large luxury condos coming to historic OTR building

An 1800s building across from Findlay Market could become home to luxury condominiums with floorplans bigger than what’s usually available in Over-the-Rhine, developer Greg Badger revealed today.

Each of the three upper floors at 100 W. Elder St. would feature a single unit of about 2,000 square feet. By comparison, other condos coming on the market in OTR typically encompass 800 to 1,200 square feet, he said.

The project will also be unusual for a historic building in that a 40-foot-long picture…

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Georgia House to study short-term rentals

The Georgia House of Representatives is taking another crack at regulating the short-term vacation rental industry.

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See where Pittsburgh ranks when it comes to popularity among millennial homebuyers

Pittsburgh is among the most popular cities for millennial homebuyers, according to a new study by LendingTree.

See where in the top 10 Pittsburgh falls in our slideshow, near the top of the list alongside Youngstown, Ohio, and Scranton, Pa., according the data.

Mortgage requests for buyers under 35 were analyzed between Feb 1, 2017, and Feb. 1, 2018, then ranked alongside data about the average age of the buyer under 35, credit score, down payment and requested loan amount.

The study found cities…

Source: http://feeds.bizjournals.com/industry_21

Cervera hires Harlan Goldberg from Elliman in a push to the Northeast

Harlan Goldberg

Harlan Goldberg left Douglas Elliman to join Cervera Real Estate in a newly created role.

Goldberg is now vice president of business development for the Northeastern U.S., where he’ll focus on sales and marketing of Cervera’s projects, dealing directly with real estate agents in the region. Projects include Aston Martin Residences, Elysee Miami, Aria on the Bay and the Ocean Conrad Resort Residences Fort Lauderdale Beach.

The move comes on the heels of new tax reform legislation that many brokers and developers say is bringing buyers from the Northeast to South Florida. Harlan expects investment from New Yorkers and other Northeastern buyers to “increase tenfold.”

“It used to be that Florida didn’t offer a lifestyle that was equivalent to New York,” said Goldberg, who moved to South Florida in late 2013. “Here, you actually get to live off what you earned.”

At Elliman, Goldberg previously led sales of the Residences at Mandarin Oriental in Boca Raton and before that, worked on sales of 1 Hotel & Homes. Prior to Elliman, Goldberg worked for One Sotheby’s International Realty. His background is in new development sales in New York, he said.

Cervera made its first leap into the Northeast with a partnership with Stribling & Associates in late 2016. A year earlier, Fortune International Group partnered with Town Residential in a similar push to share market intel and resources and cross-promote each other’s listings to their respective markets.

Source: http://feeds.feedburner.com/trdmiami

Flagstone Island Gardens can develop on Watson Island, judge rules

Rendering of Island Gardens with developer Mehmet Bayraktar

Mehmet Bayraktar, the Turkish developer behind a long-stalled $1 billion mega-yacht marina and resort project on Watson Island just won a major court victory that will allow his firm to continue building the development.

Miami-Dade Circuit Judge William Thomas on Thursday ruled in favor of Bayraktar’s Flagstone Island Gardens LLC on all counts, related to lawsuits he filed last year against the city of Miami. After a seven-day non-jury trial, Thomas determined Miami elected officials breached a development contract with Flagstone when the city commission voted unanimously last May to declare the company in default because construction had not commenced on the $31 million parking garage and retail component phase of the project.

“The vision we have for this project is alive and well,” Bayraktar said in a statement. “And it will prove transformational for this great city now that we will have the opportunity to finish it. I have never lost sight of the goal or optimism about the result.”

Sam Dubbin, an attorney representing the Coalition Against Causeway Chaos, a group opposed to Flagstone’s project, declined comment because he had not read Thomas’ ruling or court testimony. Commissioner Ken Russell, who spearheaded the resolution to terminate the deal with Flagstone, said that the city has a strong case on appeal.

“It is clear Flagstone failed to live up to the promises made,” Russell said in an email. “The commission made the right decision and our case is very strong. We are confident to move forward with an appeal.”

Thomas’ ruling also faulted the city for not giving Flagstone time to cure the alleged default before demanding the developer vacate Watson Island. In 2016, Flagstone completed and began operating the megayacht marina, roughly 15 years after Miami voters approved a referendum allowing Bayraktar to build his project on Watson Island. In addition to the marina, the garage and the retail space, Flagstone is supposed to build two luxury hotels.

Thomas will determine damages against the city at a future hearing. Flagstone sued for $122 million, which is what Bayraktar claims is the amount he has invested in the project, which is situated on 24 acres of public waterfront land and submerged land. The developer claimed that preliminary excavation work that started in May 2017 constituted the groundbreaking for the garage and retail component, therefore Flagstone had met a construction deadline set in the lease agreement.

During a May 30, 2017 emergency meeting, commissioners voted 5-0 to declare Flagstone was in default. Mayor Francis Suarez, a commissioner at the time, said the developer had failed to demonstrate the financial ability to build the garage and retail phase on top of not commencing construction.

Flagstone’s attorney Eugene Stearns blamed the causeway coalition for providing commissioners with misleading information that led to their vote against Flagstone. “City leaders were misled by outside forces who turned political opposition into a combat sport,” Stearns said in a statement. “We are hopeful that a different light will dawn over city officials who will find ways to help make this important project successful for the city and its citizens.”

Source: http://feeds.feedburner.com/trdmiami

Deals Day: Agricultural products company consolidating Texas, Oklahoma operations in DFW

In an effort to improve capacity and supply chain efficiency, as well as consolidate its regional operations, Cargill Protein is combining its San Antonio and Oklahoma City operations into a single hub in Dallas-Fort Worth.

The Minneapolis-based company did not disclose where the facility will be located, but said it will be operated by a contractor and begin serving customers in fall 2018.

Cargill also has multiple meat processing facilities in DFW.

“The DFW area was the logical choice for…

Source: http://feeds.bizjournals.com/industry_21

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