Palm Beach, FLPalm Beach Daily News

Board rejects house designed for Jeffrey Epstein’s old property in Palm Beach

The contemporary-style house by Miami architect Kobi Karp has no place on El Brillo Way in the historic Estate Section, the Architectural Commission ruled. A contemporary-style home designed by a prominent Miami architect will not occupy the vacant Palm Beach lot where the infamous house of the late sex offender and disgraced financier Jeffrey Epstein once stood.
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Palm Beach, FLCurbed

There Are Barely Any Houses Left in Palm Beach

In the past year, the real-estate market has — well, gone berserk. Houses are going for millions over asking in Boise and Albuquerque. Buyers are offering to name their firstborn baby after sellers. In this new series, Realtor Diaries, we talk to the people at the center of it all — about the 2 a.m. emails from clients; the 16-hour, six-day-a-week workdays; and the all-cash offers coming in from people who’ve never once seen the property they’re buying.
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Palm Beach County,

Along the Coast: Older condos dominate barrier island

A1A is lined with condos in Boca Raton, where 77% of barrier island condos are 40 years or older. While the City Council considers a measure to inspect buildings taller than three stories 30 years after construction, the League of Cities is pursuing an even more rigorous standard. Jerry Lower/The Coastal Star.
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Boca Raton,

Professional race car driver buys Boca Raton manse for $19M

Professional race car driver Jason McCarthy bought a Boca Raton mansion for $19 million. Records show McCarthy and his wife, Newsha McCarthy, bought the house at 379 East Alexander Palm Road in the Royal Palm Yacht & Country Club from David and Holly Meehan. The buyers borrowed $10.8 million from JPMorgan Chase Bank.
Fort Lauderdale, FLPosted by

Why “love letters” hurt home buyers

Imagine you’re looking to buy a home. In greater Fort Lauderdale’s white hot real estate market, you know being already approved for a mortgage, bringing cash to the closing, even paying more than the asking price may not be enough to sway the seller to accept your offer. So you...
Delray Beach,

House of the Month: Oceanfront estate in Delray Beach

The gated property has after-beach amenities such as a summer kitchen, an outdoor shower, a full cabana bath and a serene beachfront terrace with firepit. This serene three-story beach house was artfully redesigned with clean lines and superb finishes. It has a design focused on comfort, convenience and laid-back luxury living.
Delray Beach,

US Construction scores $45M construction loan for Delray Beach condos

A high-end Delray Beach condominium project nabbed a $44.7 million construction loan. Developer U.S. Construction secured the financing from Madison Realty Capital for 1625 Ocean, according to press releases from the borrower and lender. Jason Krane of Ackman Ziff brokered the deal. The oceanfront condo development at 1625 South Ocean...
New York City,

Snow Real Estate buys Sunrise apartments for $15M

Snow Real Estate bought the Golfview Flats apartment complex in Sunrise for $15 million. Hollywood-based Snow Real Estate, through an affiliate, bought the property at 8445 Springtree Drive from Ortsac Capital Group, based in Fort Lauderdale, according to a news release. Snow Real Estate took out a $12.8 million loan...
Boca Raton, FLCommercial Observer

Prime US REIT, KBS Secure $65M Loan for One Town Center in Boca Raton

KBS — on behalf of Singapore-based Prime US REIT — secured a $64.7 million acquisition loan from Citizens Bank for One Town Center, its 10-story office building in Downtown Boca Raton, Fla., property records show. Last month, the Singaporean real estate investment trust purchased the building for $99.5 million. KBS,...