Big sale in Miami Beach

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Big sale in Miami Beach

Investment guru Rob Arnott recently bought a waterfront mansion in Miami Beach in what looks to be the most expensive purchase in Miami Beach since at least 2015, The Real Deal reports.

Property records show that Arnott, recently dubbed a “modern-day Socrates” by Barron’s, paid $32 million, or just over $2,900 a foot, for a seven-bedroom, 11,000-square-foot home at 34 La Gorce Circle. There hasn’t been a deal in that price range on the beach since Ken ...

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Gowanus as well

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Gowanus as well

The city has announced its proposal to encourage more residential development in Gowanus, an effort that officials hope will be a prelude to rezoning the neighborhood.

As part of the proposal, Fourth Avenue would be up-zoned to encourage redevelopment of the busy thoroughfare and would make the city’s mandatory inclusionary housing program applicable to the area, Politico reported. In exchange for the zoning change, owners would be required to build affordable housing. Fourth Avenue was rezoned back ...

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Long Island City: time for a rezoning?

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Long Island City: time for a rezoning?

A recent panel of industry experts discussed the idea of a rezoning plan for the neighborhood that is so strategically located. The panel discussed the new types of commercial and residential developments that are transforming the neighborhood, and Department of City Planning director Marisa Lago confirmed that this could eventually necessitate a rezoning. Most of LIC manufacturing zones have not been rezoned since the 60s. With the huge revolution brought by e-commerce in the last decade, times seem ...

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A look inside Hallandale Beach in South Florida

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A look inside Hallandale Beach in South Florida

In the late 19th Century South Florida pioneer Henry Flagler recruited Luther Halland, the son of a Swedish minister and brother-in-law to one of his sales agents, to establish a beachside settlement just north of Miami. Halland and another Swedish entrepreneur, Olaf Zetterlund, pitched some of their fellow countrymen on a sweet deal: cheap land in a frost-free subtropical climate. That was the beginning of what would become Hallandale. By 1999, after annexing land adjacent to the Atlantic ...

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Current state of Brooklyn

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Current state of Brooklyn

The median price of a home in Brownstone Brooklyn (Boerum Hill, Brooklyn Heights, Carroll Gardens, Clinton Hill, Cobble Hill, etc.) and North Brooklyn (Williamsburg, the Navy Yard and Greenpoint), dropped 11.4 percent year-on-year to $1.02 million in the first quarter of 2018. The decline was partly due to a weakening condominium market. During the period, the average sales price for the segment stood at $1.446 million, which amounts to a 7.1 percent drop compared to the same time ...

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More new condo inventory coming to Brooklyn

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More new condo inventory coming to Brooklyn

Developers filed plans for 62 projects with 1,089 units worth a total of about $1.18 billion during the first quarter of this year, according to a data analysis by The Real Deal. This combined sellout value was the highest since the second quarter of 2007, when developers filed plans for 95 projects with 1,274 units worth a total of about $1.22 billion.

It was also the fifth highest combined sellout for the Brooklyn condo market dating back ...

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