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Dundee REIT was formed in 2003, from the commercial properties of Dundee Realty. [1] The remainder of Dundee Realty was taken over by its major shareholder, Dundee Bancorp (now called Dundee Corporation). [1] In 2007, the company sold its Eastern Canadian assets to GE Real Estate for $2.4 billion, while retaining its Western Canadian assets. [2]
In the United States the Census Bureau keeps track of vacancy rates. [1] In Canada Canada Mortgage and Housing Corporation measures vacancy rates of 25 metropolitan areas and for the 75 largest Metropolitan Statistical Areas (MSAs) across the country [2] and publishes the findings semi-annually in June and December.
The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]
If any owner or real estate agent sells land or a residence near one of these sites to foreign nationals covered by the measure, they face fines if convicted from $500 to $15,000.
General Growth Properties completed an acquisition of Homart in late 1995 in a transaction valued at $1.85 billion, then one of the biggest real estate deals in history. [11] [12] [13] Homart also owned a number of office buildings which were also sold in 1995. [14]
In June 2020, Goldman sold La Querida to its current owners, Carl and Mary Jane Panattoni, for $70 million. Carl Panattoni is the owner and founder of Panattoni, an international real estate and warehouse developer. The Panattonis gained approval from town commissioners in October of that year for a few landscape changes and the removal of the ...
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.