Tag

Property Acquisition

All articles tagged with #property acquisition

real-estate1 year ago•2 min saved

"Jeff Bezos Expands Billionaire Bunker Estate with $90 Million Miami Purchase"

Jeff Bezos has purchased a third property on Miami's exclusive Indian Creek Island, known as the "Billionaire Bunker," for a staggering $90 million in an off-market deal, with plans to live in the new mansion while demolishing his other island abodes. The ritzy neighborhood is already home to A-listers like Tom Brady, and Bezos' acquisition reflects the area's soaring desirability, potentially causing some friction among neighbors eyeing scarce properties on the 300-acre island. Bezos, who also owns luxurious properties in other locations, recently acquired a $500 million mega-yacht and proposed to his fiancée with a $2.5 million ring aboard the vessel.

via Page Six|

#indian-creek-island #jeff-bezos #luxury-real-estate

transportation1 year ago•4 min saved

"Dirty Martin's Saved: Austin Light-Rail Plans Altered Amid Lawsuit"

Austin's light-rail planners have decided to forgo seizing private properties, including the location of the iconic burger restaurant Dirty Martin's, in an effort to reduce land acquisition costs for the proposed line. The changes will allow planners to prioritize spending on stations and urban design, rather than on land acquisitions. The fate of Dirty Martin's has been in question for over two years, and the restaurant is currently involved in a lawsuit against the city's light-rail project. The proposed light-rail alignment along Guadalupe Street remains unchanged, but the latest plans call for more consideration to eliminate roadways for the Drag, a portion of the street on the western edge of the UT campus.

via Austin American-Statesman|

#austin #dirty-martins #lawsuit

local-news2 years ago•3 min saved

Moses Rose's Hideout sold to San Antonio, ending Alamo eminent domain battle

The owner of Moses Rose's Hideout, a bar located in the footprint of a planned Alamo Visitors Center and Museum, has reached a deal with the Alamo Trust to acquire the property, ending the ongoing eminent domain process. The purchase price was not disclosed. The owners have agreed to vacate the property by August 15, allowing the museum plans to proceed as scheduled. The agreement also stipulates that any artifacts found at the site will be displayed with museum labels acknowledging their origin from the bar property. The bar owner had previously rejected offers up to $5.26 million, claiming the state undervalued his business.

via KSAT San Antonio|

#alamo #alamo-visitors-center-and-museum #eminent-domain

real-estate2 years ago•2 min saved

Miami Beach Timeshare Resort Sold for $73M in Record-Breaking Deal

13th Floor Investments and Opera Acquisitions have jointly purchased the Westgate South Beach Oceanfront Resort, a Miami Beach timeshare resort, for $73 million. The acquisition completes a 1.3-acre assemblage, as 13th Floor and Opera already own the neighboring property. The deal involved negotiating with over a hundred individual condo unit and timeshare owners over a period of two and a half years. The redevelopment plans for the properties have not yet been finalized. 13th Floor Investments is known for its active real estate development projects in South Florida.

via The Real Deal|

#13th-floor-investments #miami-beach #property-acquisition