Gulf Stream
Real Estate
New York Company Buys 350 Apartments in Florida for $144 Million
The Quaye at Wellington apartment complex has a new owner, and it’s made quite a splash in the real estate market! A New York-based company, the Dermont Co., purchased the 350-unit property for a staggering $144.22 million from Quaye at Wellington Inc., an affiliate of San Francisco’s Stockbridge Capital Group.
Florida Penthouse Sold for $16 Million in Exclusive Off-Market Deal
A stunning penthouse in Palm Beach has just been sold for a whopping $15.7 million, and it’s turning heads in the real estate market! The luxurious Penthouse A at the six-story Kirkland House condo, located at 101 Worth Ave, was sold by a trust associated with Torrington, Connecticut developer Roderic M. Oneglia. The lucky new owner? Nicholas Adams.
South Florida Foreclosure Rates Among the Highest in the Nation, Report Says
South Florida’s booming real estate market may be cooling off, and there are growing signs of economic strain. According to a new report, the region is now facing some of the highest foreclosure rates in the country.
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