Real Estate Blog
Real Estate Notebook: Delta Dental expands at Sanctuary Park, 500 jobs added in last year; Asana likes Atlanta’s gritty character
A weekly recap of Atlanta's real estate market.
Wealthy St. Louis businessman sells Palm Beach mansion at a loss
The family trust of Robert R. Hermann Jr., the CEO of one of the largest privately-owned companies in St. Louis, sold a waterfront Palm Beach mansion at a loss.
Hermann’s trust sold the 6,874-square-foot home at 534 Island Drive for $12.54 million to the trust of Richard E. Salomon, the president of investment firm Mecox Ventures and vice chairman of the Council on Foreign Relations. The price equated to $1,824 per square foot.
Hermann’s trust paid $13.03 million for the property in July 2016.…
Brazilian native pays $10M for new beachfront condo in Miami-Dade
A new condo unit in the Fendi Chateau Ocean in Surfside was sold to a Brazilian national for $10.2 million.
Chateau Ocean LLC, an affiliate of Chateau Group, sold Unit 306 in the building at 9349 Collins Ave. to Blue Dust LLC, managed by Pedro Andrade Nogueira. Goldman Sachs Bank provided a $6.63 million mortgage to the buyer.
The condo totals 5,945 square feet with four bedrooms and 5.5 bathrooms. The price equated to $1,716 a square foot.
The 12-story condo with 58 units was completed in 2016.…
Head of tech investment firm buys North Palm Beach mansion for $10M
Timothy Barrows, the managing partner of tech investment firm Matrix Partners, and wife Margaret A. Flanagan paid $10 million for a mansion along the Intracoastal Waterway near North Palm Beach.
Sally W. Grieb – part of the wealthy Ecclestone family – and husband John Grieb sold the home at 11437 Old Harbour Road. It totals 6,533 square feet with five bedrooms, 3.5 bathrooms, a pool and a dock.
The price equated to $1,530 a square foot.The home was built on the 0.69-acre site in 1968.
San…
Deals Day: Refreshed downtown tower lands nearly 33,000 square feet of leases
Following millions of dollars in renovations, a downtown Dallas office tower is attracting new tenants.
Quadrant Investment Properties in 2016 unveiled plans for improvements to Saint Paul Place, a 22-story, 273,217-square-foot building at 750 N. St. Paul St. Quadrant’s renovations included adding an outdoor patio deck with a fire pit, a conference center, a tenant lounge and an updated espresso bar.
Thanks to the refresh, CBRE, which acts as the building’s leasing representative, this week…
Colorado home builder, with new buy, says it’s now in U.S. top 10
A Colorado home builder said that with its latest acquisition on Thursday, said it's now one of the nation's top 10 largest home builders.
Century Communities Inc. (NYSE: CCS) of Greenwood Village said it acquired the remaining 50 percent of Wade Jurney Homes of Greensboro, North Carolina.
The acquisition (terms weren't disclosed) puts Century in the nation's top 10 for builders, the company said, and it now has operations in 12 states.
Wade Jurney Homes specializes in building affordable homes…
Son of a billionaire buys equestrian estate in Wellington for $12M
Robert K. Irving, a Canadian businessman and the oldest son of billionaire JK Irving, bought an equestrian estate in Wellington for $11.5 million.
Franklin Montross IV, previously the chairman and CEO of General Reinsurance AG, and wife Laura Lee Montross sold the 10.78-acre property at 15044 and 15096 Natures Point Lane to Championship Properties, managed by Irving in New Brunswick, Canada. The deal was financed by an $8.63 million mortgage from BMO Harris Bank.
The property has three buildings…
Rebuilt oceanfront home in Gulf Stream sells for $14M
A recently rebuilt home along the ocean in Palm Beach County's Gulf Stream sold for $13.88 million.
The 5,816-square-foot home was sold by 3501 NOC BLVD GS FL LLC, managed by architect Rustem Kupi Jr., to 501 North Ocean Boulevard LLC, a Delaware-registered company. It’s not clear who controls the buyer.
The price equated to $2,387 a square foot.The original home was built in 1991. Kupi’s company acquired the 0.95-acre site for $9.25 million in 2015 and completed the new home in 2017.
It has…
Greater Washington is a frontrunner for Amazon’s HQ2. But it still has a big weakness.
While the region has a workforce well-suited to Amazon, it falls short in one key area.
Lance Armstrong sells luxurious Austin home to Kentucky entrepreneur
Former pro cyclist Lance Armstrong has reportedly sold his house in the Old Enfield neighborhood to Carey Smith, founder and former CEO of Big Ass Fans, who has moved to Austin to start a new business venture.
Smith paid an undisclosed amount for the 8,185-square-foot home at 1706 Windsor Road, the Austin American-Statesman reports. It went on the market in March with a list price of $7.5 million and listing agent Laura Gottesman at the helm; the Statesman reports that Smith was represented by Cari…