Category: Property Ownership

A real estate company in South Florida has agreed to buy Sunnyside Bancorp in Irvington, N.Y. DLP Real Estate Capital said that DLP Bancshares, an affiliate based in St. Augustine, Fla., would pay about $12.3 million in cash for the parent of the $96.6 million-asset Sunnyside Federal Savings and Loan…

South Florida Real Estate During COVID-19 Throughout the COVID-19 pandemic, the South Florida housing market has steadily increased for buyers and sellers. Because many of us can now work remotely, location-based housing is no longer a necessity. Buyers are rapidly searching for high-quality homes, apartments, or condos because of the…

In the Town of Palm Beach, closings on single-family homes tripled from Q4 2019 and jumped 33 percent from Q3. Condo/co-op sales jumped 30 percent.   In Fourth Quarter 2020, sales in the Town of Palm Beach spiked versus a year ago and expanded compared to Third Quarter 2020. This…

As vaccination rates rise nationwide, commercial real estate is likely to post gains across all sectors, fueled by pent-up demand and a high level of consumer savings, said leading economists on Wednesday. The predictions were presented as part of the National Association of REALTORS®’ “Real Estate Forecast Summit: Commercial Update”…

Hot on the heels of a $44 million deal to sell a pair of Bal Harbour, Fla., properties to WeWork founder Adam Neumann, Florida investor Joseph Imbesi has made another major sale. Mr. Imbesi closed on a nearly $55 million deal to sell a 2-acre parcel of land on a…