Sotherly Hotels defaulted on its $49.2 million loan on a Hollywood resort near the ocean. The debt on the 10-story DoubleTree Resort by Hilton Hollywood Beach with 311 keys, at 4000 South Ocean Drive, entered special servicing after missing the Oct. 1 due date to pay off the loan, according to Morningstar Credit and Sotherly’s … Read more
Marc Anthony’s downtown Miami condo sale may have him singing “I need to know” where the profit went. The Grammy winning singer-songwriter, whose full name is Marco Antonio Muñiz, sold the 8,400-square-foot unit at One Thousand Museum at 1000 Biscayne Boulevard for $8.6 million, according to the listing and property records. He paid $11 million, … Read more
Consumer confidence about the economy declined slightly in October, driven by Americans’ concerns over the ongoing federal government shutdown, rising inflation, and future scarcity of jobs. The Consumer Confidence Index, a measure of U.S. consumers’ sentiments about personal finances and the economy, slipped 1 point in October, to 94.6, from an upwardly revised 95.6 the … Read more
Kelsey Grammer has officially become a dad of eight at the age of 70 after his wife, Kayte Walsh, who is 36 years his junior, gave birth to their fourth child together, a baby boy named Christopher. The “Frasier” star shared the happy news of their latest arrival during an appearance on Danielle Fishel, Will Friedle, and Rider … Read more
The widow of a former pharmaceuticals CEO found a buyer for their Palm Beach house asking $21.5 million after seven months on the market. It was one in a surge of luxury contracts signed in Palm Beach County last week. Buyers signed 19 contracts between Oct. 20 and Oct. 26 for luxury properties in Palm … Read more
Prince Andrew‘s decision to finally move out of his longtime home, Royal Lodge, after years of mounting pressure may have been swayed by his nephew, Prince William, threatening to strip his daughters of their royal titles, an expert has claimed. Andrew, 65, has resided in Royal Lodge for the past 22 years, having been granted … Read more
An oceanfront Malibu, CA, mansion designed to be “reminiscent of a home on the coast of Mykonos” has just returned to the market for an eye-watering $74.5 million—offering up not only a taste of European excess but also an incredible heritage in the world of professional sports. The exclusive Paradise Cove compound, which now tops … Read more
Musician Avril Lavigne‘s former Malibu mansion is back on the market just two years after she sold it to a new buyer—who is asking a staggering $14.5 million for the home, almost double what they paid for the pad in 2023. Lavigne, 41, snapped up the California blufftop estate in 2020 for $7.8 million. But … Read more
When Google’s Downtown West project received unanimous approval from the San Jose City Council in 2021, the ambitious 80-acre development was heralded as a once-in-a-generation transformation for California’s third-largest city. Set in the heart of downtown San Jose near Diridon Station, the plan was intended to blend housing, jobs, public transit, parks, and cultural amenities … Read more
Witkoff Group, and Alex Blavatnik and Sandor Scher’s Ocean Terrace Holdings launched sales of their planned North Beach condo and hotel development with more than $200 million in presales. Witkoff, led by CEO Alex Witkoff, joined the Ocean Terrace project earlier this year, reviving the long-planned mixed-use development. The project, designed by Revuelta Architecture International … Read more