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Coconut Grove Spec Mansion Sets Sales Record in Miami-Dade

Coconut Grove Spec Mansion Sets Sales Record in Miami-Dade
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Investors buy Palm Beach house for $25M with plans to refresh and sell it

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Investors buy home for $25M with plans to refresh, relist it at nearly $35M on North End
The 1973 house at 301 Polmer Park will undergo a refurbishment and get a new price tag of $34.85 million, says investor Richard C. True.
Palm Beach Daily News
Two real estate investors have paid a recorded $25 million for a 1970s-era house in a private transaction on Polmer Park Road on the North End of Palm Beach.
The new owners are refreshing the house and already have relisted it for sale at $34.85 million, said Richard C. True, who manages the Florida limited liability company that bought the property. ....

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These were the top outer-borough loans in December

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These were the top outer-borough loans in December
Amazon warehouse project was the biggest by far
New York /
RXR CEO Scott Rechler with 56-19 Grand Avenue, Queens (Getty, RXR)
The 10 largest outer-borough loans in December totaled $1.17 billion, a sharp drop-off about 40 percent from the November total of nearly $2 billion.
But one loan stood out from rest, and it’s no surprise Amazon was involved. That $272.9 million loan from JPMorgan Chase partially finances a project to develop a mega warehouse in Queens for the e-commerce behemoth. ....

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