Alleged investor accused of bilking more than $1 million from woman for cannabis, real estate deals

It’s an all too familiar story in South Florida: A self-proclaimed financial adviser persuades an out-of-state woman into giving him more than $1 million to invest in various ventures and eventually most of the money is gone.

Tania Deutsch, 61, of Lords Valley, Pa., said she just wanted to help people with some money she had inherited. She said she was renovating a condo she bought years ago in West Boca when David Bruce Cohen introduced himself and befriended her.

“I trusted him,” she said Friday. “We played tennis together. I met his family.”

According to court documents, he convinced her to invest $1.2 million in a Massachusetts-based cannabis healthcare company in 2016 and in a West Boca real estate project in 2017.

After waiting two years for ECP Capital Partners Inc. to begin making the promised interest payouts, nothing happened. Deutsch repeatedly called Cohen — who controlled the

Read More

Walmart’s Black Friday sales start Nov. 4. Here are the best deals already announced

walmart-deals-for-days.png

Walmart

This story is part of Holiday Gift Guide 2020, CNET’s gift picks with expert advice, reviews and recommendations for the latest tech gifts for you and your family.


Hopefully you’re not burnt out on holiday deals yet. We know you’re still recovering from last week’s Prime Day sales, but Walmart has already announced plans for Black Friday 2020. The retail giant recently detailed its plans to unwrap deals across three events in November instead of just a single day. Walmart is calling its reimagined sales Black Friday Deals for Days.


Here’s the breakdown:

  • Event 1 will start online at Walmart.com on Nov. 4 at 7 p.m. ET, offering deals on toys, electronics and home products. More deals will become available on Nov. 7 online at 12 a.m. ET and in stores at 5 a.m. local time. Walmart said it’ll also hold its annual tire event
Read More

Ontario pension fund hunts for new London property deals

London’s commercial property market still ranks as one of the most attractive in the world, says the head of one of Canada’s largest pension funds which is looking for new UK real estate deals. 

Blake Hutcheson, chief executive of Ontario Municipal Employees Retirement System (Omers), said the fund, which owns UK investments worth C$10bn (£5.8bn), intends to “buy more” real estate in London.

“We believe in the UK. London is still one of the top five or six cities in the world to invest in for real estate. It will be one of the very best markets over the long-term,” he said. “We have made more money investing in London than any other city in the world. Nothing about Brexit will change our posture.”

Mr Hutcheson was appointed chief executive in June. Omers oversees C$109bn on behalf of more than half a million pension savers across Ontario. 

Many offices across

Read More

Menards wraps up land deals for Ravenna distribution and manufacturing facility

Home-improvement retailer Menards recently put the finishing touches on its plans for a distribution and manufacturing hub in Ravenna, on 62 acres just off state Route 88.

Family-owned Menard Inc. acquired the property, south of Maplewood Career Center and north of the Windmill Lakes Golf Club, last week, said Stephanie Savage of Jack Kohl Realty. The purchases don’t appear yet in Portage County public records, but Savage said transactions with three sellers totaled $1.63 million.

City officials announced Monday, Oct. 19, that the roughly $50 million project is a go. They expect Menards to start construction on the 260,000-square-foot facility during the third quarter of next year, with a likely completion date in late 2022.

The Wisconsin-based retailer, which has been expanding eastward, started looking for a distribution site in Northeast Ohio about four years ago, said Dennis West, Ravenna’s economic development director. Reports about a potential Portage County site

Read More

Miami-Dade set to sell $3.5 million in county land for $30 for housing deals

While fixing a hasty giveaway of county land from two weeks ago, Miami-Dade commissioners are set to vote on two new transfers of county property worth more than $3 million.

Loading...

Load Error

Habitat for Humanity, a leading developer of affordable housing in Miami-Dade and a charity, is recommended to obtain a 9-acre lot in Southwest Miami-Dade that’s valued at $2 million in county tax rolls.

The agreement requires the land be used to build affordable housing or the county takes back the property. As is standard in affordable housing agreements with Miami-Dade, Habitat would pay $10 for the land in a no-bid deal.

Nearby, another sizable county lot worth $1.3 million would go to a company owned by a longtime lobbyist who is a partner with Palmetto Homes, the developer that secured a $10 deal on Oct. 6 for nearly $10 million worth of county land.

The 5-acre lot off

Read More

Boston condo market offers ‘unimaginable’ deals amid pandemic

Boston-area home prices were up an astounding 14.3 percent year-over-year in September, according to the national brokerage Redfin — roughly in line with a nationwide real estate boom being driven by record-low mortgage rates and a shortage of homes for sale. But the downtown condo market has been marching — or stumbling — to the beat of a different drummer.

“The Boston condo market is a great example of what’s happening nationally,” said Kiernan Middleman, an agent with Berkshire Hathaway HomeServices Warren Residential in Boston, which just published its third-quarter report on the city’s condo market. “Buyers are simply leaving the city and heading to the suburbs.”

That shift away from the urban core is evident even within the city limits as condo prices plunged downtown but held their ground in some of Boston’s outlying neighborhoods, according to the report.

Read More

Miami-Dade set to sell $3.5M in land for $30 for housing deals

title=

Miami-Dade commissioners will vote Tuesday on selling lots worth nearly $5 million for $10 per deal, under rules requiring the parcels be developed into affordable housing.

Getty Images

While fixing a hasty giveaway of county land from two weeks ago, Miami-Dade commissioners are set to vote on two new transfers of county property worth more than $3 million.

Habitat for Humanity, a leading developer of affordable housing in Miami-Dade and a charity, is recommended to obtain a 9-acre lot in Southwest Miami-Dade that’s valued at $2 million in county tax rolls.

The agreement requires the land be used to build affordable housing or the county takes back the property. As is standard in affordable housing agreements with Miami-Dade, Habitat would pay $10 for the land in a no-bid deal.

Nearby, another sizable county lot worth $1.3 million would go to a company owned by a longtime lobbyist who

Read More

Bulk Condo Deals Website Launches Due To Pandemic

Richard Swerdlow and Bruce Goldstein 

Richard Swerdlow and Bruce Goldstein

Miami-based Condo.com founder Richard Swerdlow and South Florida developer Bruce Goldstein are partnering to launch an online platform for bulk condo deals, The Real Deal has learned. They’re betting on the growing distress of condo markets across the country and developers’ desire to keep their offers confidential.

Swerdlow and Goldstein are rolling out their nationwide website, BulkCondoDeals.com, so that developers and other sellers can post their bulk deals – defined as more than one condo unit – on the site with detailed financial information. That will include annual cash flow, fixed costs, cap rates, discounts, building information and projected returns.

However, the listings will exclude building names and addresses, so that developers won’t compete with their own existing retail inventory. The venture will act as a broker for the deal, taking commissions ranging from 1 percent to 5 percent, co-founder Swerdlow said.

The veiled listings

Read More

Best Prime Day Printer Deals 2020: Final Hours to Save Big

If you’re a college student, business owner, or freelance worker, then Amazon Prime Day is a very special time of the year. Amazon’s 48-hour blowout is matched only by Black Friday and Cyber Monday when it comes to tech bargains, and while Prime Day is officially behind us, these leftover Prime Day deals are still offering up some of the hottest discounts you’ll see on high-end electronics before 2021 arrives — but right now, you’ve only got a few hours left before the sale is over for good.

Some of the most slept-on discounts this year have been Prime Day printer deals, and you have a short time left to score excellent discounts on the fastest, most reliable laser and ink-jet printers on the market. Printers aren’t just printers in 2020 — today’s models are smart and internet-connected, with value-added features like Wi-Fi and Bluetooth networking, mobile printing, and more.

Read More

Downtown Condos Lead Manhattan’s Luxury Real Estate Deals, Again

For the second week in a row, 14 high-end contracts were signed last week in Manhattan, according to Olshan Realty. That’s five fewer than the same week last year.

In the 31 weeks since mid-March, when Covid-19 began spreading in New York, downtown properties have been the priciest sales of the week 17 times. And most of these properties were bought by local buyers “betting on the home team,” according to Donna Olshan, president of Olshan Realty and author of the report released Monday.

The make-up of last week’s homes was nine condos, two townhouses and three co-ops.

More: A Storied New York Estate With 846 Feet of Water Frontage Hits the Market for $14.6 Million

And in keeping with the latest trend, the priciest home to find a buyer last week was downtown, a five-bedroom at 24 Leonard St. in Tribeca asking $19.995 million. The landscaped garden, at

Read More