It seems that Key Biscayne hedge fund manager John Devaney, CEO of United Capital made a bad decision by investing in the mortage market right before it collapsed. According to TheStreet.com, Devaney put “…one of his most prized possessions-a 142–foot Trinity yacht dubbed Positive Carry— up for sale along with his $16.5 million second-home in Aspen, CO. [...]
That’s right. Four combined penthouse units at Michael Graves’ 1500 Ocean Drive went under contract Friday. The unit is comprised of 11,940 interior sq. ft., 8,200 sq. ft. of private roof terrace (unfinished) and 1,624 sq. ft. of balconies.
I remember when I got into the real estate business about 15 years ago that agents who primarily sold condos were considered second-class brokers. How times have changed. Word on the street (or in my ear) is that the penthouse at Setai South Beach, located at 101 20th Street in Miami Beach, is under contract. [...]
Rumor has it that a former executive and co-owner of a now-defunct high-end brokerage, which merged with Coldwell Banker in 2002, is planning to start his own firm now that his non-compete clause is coming to an end.
I have to admit, I rather enjoyed this story from the Miami Herald website. Basically it reports that the parent company of the Miami Herald, McClatchy Co., reported a 9.5 percent decline in their second-quarter profits and they have attributed the loss to a “sharp falloff in real estate advertising…”. For the past two years the Herald has reported [...]
Terry Bollea, aka Hulk Hogan, listed his home on prestigious North Bay Road. The home, built in 2006 and seen on the VH1 series, Hogan Knows Best, has 17,339 square feet, 6 bedroom main house with 2 full guest apartments for a total of 11 bedrooms! No word on why he is selling or where he is [...]
