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Real Estate Business

All articles tagged with #real estate business

legalpolitics1 year ago•4 min saved

"Trump's Empire at Risk: Predictions and Reckoning in New York Fraud Case"

Former President Donald Trump faces a potentially devastating blow to his real estate empire as a Manhattan court is set to announce its ruling in a civil lawsuit brought by New York Attorney General Letitia James, accusing Trump and The Trump Organization of fraudulently inflating financial statements to secure loans. The judge ruled in favor of James, ordering the dissolution of some of Trump's companies, revocation of The Trump Organization's business license, and appointment of an independent monitor. Trump has denied wrongdoing and appealed the ruling, while also using the case to rally his supporters and accuse James of political targeting. The final ruling could result in significant penalties and restrictions on Trump and his business in New York.

via Al Jazeera English|

#civil-lawsuit #donald-trump #fraud-case

real-estate-business2 years ago•4 min saved

"Florida Condo Market Surges in Wake of 2021 Surfside Tragedy"

In Florida, a wave of luxury condominium development is replacing older waterfront buildings, spurred by new safety regulations enacted after the tragic Surfside collapse in 2021. These regulations require condo associations to conduct regular structural assessments and maintain fully funded reserves for repairs, leading to increased costs for condo owners. Some owners, unable to afford these costs, are selling to developers, who face the challenge of persuading multiple unit owners to agree to sell. While the law mandates fair market value compensation, disputes have arisen over what constitutes a fair price, with some residents feeling pressured or undervalued. Developers like Ian Bruce Eichner see potential for profit and are advocating for legislative changes to facilitate redevelopment, but they must navigate the interests of current residents, some of whom are resistant to selling.

via NPR|

#condo-boom #florida #luxury-condominiums