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NOTABLE TRANSACTIONS: Soll Apartment property sold to New York investment group
Wednesday, November 9, 2022 8:00 AM A New York investment group has purchased property in Des Moines that includes the Soll Apartments at 2301 Ingersoll Ave., Polk County real estate records show. Spruce Properties, a New York City-based professional services firm that specializes in real estate and investment management, paid $32.87 million for the property, which includes 2.2 acres. Spruce Properties bought the property through an entity it manages, Soll Owner LLC. The property had been owned by 2301 Ingersoll LLC, an entity managed by Minnesota-based Roers Cos. The four-story, C-shaped building (pictured) includes 165 apartment units spread over…
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‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York
When Keyan Sanai moved to Manhattan and started working as a real estate broker in 2014, he was eating 12 to 15 cans of tuna a week to keep costs low. “I said to my friend, ‘My mouth tastes like a fistful of old pennies all the time,’” he says. After a doctor’s visit, he found out he had mercury poisoning. His first few years as a broker were rough. Working at a “boiler room” brokerage, he got acquainted with what he calls the “dark underbelly” of the industry. “The script is basically to lie to people: ‘Put up [an ad] that says ‘no fee’, and once you get ’em…
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He Runs a New York Real Estate Empire. Did He Steal It?
In excess of the earlier dozen many years, Sanford Solny has developed a New York actual estate empire, snatching up smaller residential properties throughout the city that churn out hundreds of countless numbers of pounds in hire. His portfolio would be enviable but for one thing — a lot of it, prosecutors and home owners contend, was stolen. In legal rates and lawsuits, they have accused him of fraud: supplying to support homeowners facing foreclosure by arranging to spend off their home loans, although essentially tricking them into signing more than their structures at discount-basement charges. In virtually every single circumstance, the house loan was under no circumstances paid out,…
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Luxury real estate in LA, London and New York
Mod cons include a tennis court, pool, spa, gym, media room, gourmet kitchen and fire pit. It comes with four bedrooms and six bathrooms. Indoor-outdoor living at its finest.Credit:Zillow LA, California Prefer the bright lights of city living? But still with plenty of space? This palatial Los Angeles home, known as The Manor, is the ultimate entertainer’s residence, asking $US165 million ($221 million). It last traded for $US119.75 million in 2019, an LA record, and the block was once owned by singer Bing Crosby before the house was knocked down and rebuilt for late producer Aaron Spelling, the Los Angeles Times reports. The Manor has a string of famous past…
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New York elites are snatching up luxury real estate using a method that’s against many realtors’ code of ethics
A superior increase condominium in Manhattan.Getty Pictures A lot more New Yorkers are getting off-market place properties, recognised as “whisper” listings. It really is a way for them to circumvent a limited, increasingly costly serious estate industry. Although it really is boosting NYC’s financial system, it’s also undermining good housing legal guidelines. In New York, men and women with the correct money and the suitable connections are getting authentic estate in advance of it goes on the current market. When so-referred to as “whisper,” “pocket,” or “off-market” gross sales usually are not new, they supply a major benefit at a time of minimal housing availability and outsized need — and…
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Where Wealthy Russians Own Real Estate in New York City
From left: Dmitry Rybolovlev, Roman Abramovich, Oleg Deripaska, Alexei Kuzmichev (Getty Images, iStock/Illustration by Steven Dilakian for The Authentic Offer) As Russia’s invasion of Ukraine nears the a single-7 days mark, phone calls are escalating for actions in opposition to oligarchs and their serious estate in the United States. A selection of rich Russians personal properties in New York Metropolis, however their use of trusts and shell businesses tends to make it quick to conceal them, in accordance to the New York Submit. Nevertheless, some of the authentic estate holdings of these wealthy individuals have turn into recognized and were mapped out by the tabloid. To be guaranteed, not all…
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