Montana judge’s ruling in water supply case could halt development 

A judge’s ruling against a developer because of a water shortage in Montana could set the stage for future building limitations in the state. Developer Errol Galt, who is a member of a prominent political family in Montana, wanted to build 39 homes, about an hour west of Helena, that would draw their water from […]

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Lennar proposes 105 single-family homes in south Miami-Dade

Lennar wants to build 105 single-family homes in south Miami-Dade County, marking the firm’s continued bet on the area’s residential market.  Miami-based Lennar proposes the project on 36 acres it has under contract for an undisclosed price between Southwest 272nd and Southwest 276th streets, east of Southwest 159th Avenue in unincorporated Miami-Dade, according to an […]

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Late financier’s Naples estate hits market for record $295M

An extravagant Naples compound, owned by the family of late financier John Donahue, hit the market at a record-setting price. The estate, known as Gordon Pointe, dates back to the 1980s, when Donahue first laid eyes on the pristine stretch of land. He paid $1 million for the parcel in 1985, eventually transforming it into […]

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US Marshals start to seize Joe Carollo’s multimillion-dollar Coconut Grove home

Miami city commissioner Joe Carollo is one step closer to being thrown out into the street as a result of the $63.5 million judgment against him. On Friday afternoon, a U.S. Marshals deputy posted a notice on the front gate of Carollo’s multimillion-dollar, six-bedroom house at 3230 Morris Lane that the property is being seized […]

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Codina reveals plans for final phase at Downtown Doral complex

Codina Partners is nearing the finish line at Downtown Doral.  The Coral Gables-based firm will develop 25,000 square feet of retail with 13 tenant units and rooftop amenities such as pickleball courts, as well as garages with 929 spaces along Northwest 87th Avenue, according to a Codina news release.  Construction of the retail is expected […]

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Former Vanderbilt mansion eyed for residential restoration

The new owner of the former Vanderbilt mansion is planning a redevelopment that would transform the Upper East Side townhouse back to its days of residential glory.  The anonymous owner of 60 East 93rd Street filed plans to convert the 18,000-square-foot property back into a single-family home, Crain’s reported. The property has served as an […]

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Number of affordable homes plunges across California

California has fewer affordable homes, with one in six within financial reach of the average buyer. This year was the most unaffordable for buyers nationwide in at least a decade, with the number of affordable homes falling in many cities across the state, the San Francisco Chronicle reported, citing figures from Redfin. This year, 16 […]

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Toll Brothers buys 21 acres in Greater Philadelphia

The Toll Brothers keep collecting in Pennsylvania.  The Fort Washington-based homebuilder acquired a 21-acre property in their home state, paying $2.64 million for the site in Chester County’s Spring City, the Philadelphia Business Journal reported.  The land at 25 Seven Stars Road is slated for the construction of 33 single-family homes, according to the outlet. […]

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Price growth slower in flood zones, but not in every neighborhood

New York homebuyers are increasingly making purchase decisions with flood risks in mind, but not everyone is seeking higher ground amid record rainfall levels. Between the first nine months of 2012 — right before Hurricane Sandy battered the region — and the first nine months of this year, the share of home sales in New […]

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Homeowners on track for property tax bumps thanks to office struggles

Chicago homeowners might be blaming the vacancy-plagued downtown office market for their next big jump in property taxes. As the value of downtown office buildings continues to plunge, homeowners may bear a larger share of the tax burden, Crain’s reported, citing a study by the Mansueto Institute for Urban Innovation and the Center for Municipal […]

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