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ESTATE

Real estate agent admits to defrauding Fannie Mae
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The Florida man faces up to five years in federal prison

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Ex-NFL Player Alleges Miami Real Estate Tycoon Pocketed His Investment
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Two South Florida attorneys filed a lawsuit on behalf of ex-NFL player Julius Jones, who loaned South Florida developer John Yanopoulos $500,000 and claims he was never fully repaid.      

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2 Real Estate Moguls and Their Jet: Craig Robins Exposed to Punitive Damages in Beef With Ugo Colombo
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A state appeals court allows Colombo, a pioneer in developing luxury Miami real estate, to seek punitive damages from Robins, the Design District developer, in a case involving a once co-owned jet.      

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Broward Jury Awards $1.8 Million to Investor Defrauded in Real Estate Scam
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Serhan Unsal, a Turkish national looking to turn a profit in South Florida real estate, accused brokers Taner Gokalp and Ertugrul Meric of deceiving him out of hundreds of thousands of dollars. A Broward jury awarded him treble damages.      

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Liquid Real Estate
www.selectleaders.com

Sam Zell, author of “Am I Being too Subtle,” summed up working in real estate. “It’s the thrill of new opportunity, the challenge of problem solving.” Interviewed by our Real Estate Job Network partner, NAREIT, he told “reit” magazine when it comes to politics (or judging any leader), “focus on what got done rather than […]

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Will the Recovery Go Extra Innings? Are We In for a Hard or Soft Landing? Real Estate Never Met a Cliché it Didn't Love
www.costar.com

Going into extra innings. Credit KellyK By: Paul Owers, South Florida Market Reporter and Randyl Drummer, Senior News Editor The economy is in the middle innings. Or possibly the late innings. Unless it’s extra innings. The market may be getting overheated, even frot

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Good News: Disclosure of Cash Buyers for Lux Real Estate Effective in Curtailing Money Laundering; Bad News: Homes Sales Cut by 70%
www.costar.com

The Department of Treasury’s crackdown on potential money laundering involving all-cash buyers of real estate that began in 2016 deflated the value of luxury homes sold in the nation’s largest markets by more than 4 percent. It also reduced the number of all-cash sales by 70%, according to a new authoritative analysis by the Federal […]

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Real Estate Value Advisors Acquires 101,000-SF Sabal Park Bldg. in Tampa
www.costar.com

Richmond, VA-based Real Estate Value Advisors (REVA) purchased a 101,000-square-foot Sabal Park office building in Tampa, FL from Bridge Investment Group Partners, which had owned the property since March 2015, according to CoStar data. The two-story complex sold for $15.23 million, or about $151 per square foot. Known as Sabal VI, the office building was […]

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Shaquille O’Neal’s Florida estate listed for $28 million
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Listing agent says it’s a “one of a kind”

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MHP Real Estate Services, Banyan Street Capital Forge Alliance
www.costar.com

New York-based MHP Real Estate Services has teamed with Banyan Street Capital of Miami to form one of the nation’s largest private commercial real estate companies with a combined portfolio valued at more than $3 billion. The two firms own and manage office buildings totaling more than 15 million square feet across the Eastern U.S., […]

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