New lawsuit alleges Florida developer Tauber drove boat over swimmer

  • Irwin Elliot Tauber, a top Florida real estate developer and the CEO of Taubco, is being sued over an incident involving him driving his fishing boat over a woman in April, according to the woman’s complaint. 
  • Theresa Murray was swimming in a “manatee zone” when Tauber is accused of running his 41-foot-boat over her, causing multiple gashes on her left leg that “cut all the way to the bone,” the lawsuit says. 
  • “It seems to be a rash of billionaires who buy million-dollar boats with four outboard engines in this case totaling 1800 horsepower and taking them out and being extremely careless,” the swimmer’s lawyer told Business Insider.
  • “The defendants will respond to and defend against the claims in the legal proceeding,” Tauber’s attorney says. “We are unable to comment further on the pending litigation.”

Top Florida real-estate developer and CEO of Taubco, Irwin Elliot Tauber, has been accused of

Read More

Richmond-based developer is planning a $25 million-plus project in Colonial Beach with town homes, condos and a hotel | Business News

For the entire project, Dodson said “we are gathering input in what it can be and should be. We promise to continue these conversations, listen and learn, and move forward responsibly in a manner that benefits the town and provides residents and visitors alike with valuable new real estate.”

Dodson stressed that the architectural style of his developments will pay homage to the town’s history.

“One of the reasons we went with Dodson is that he appropriately wants to keep the Chesapeake Bay authentic look. He wants to keep the character and charm of the town. He’s trying to take his new development and fuse it with the architecture in this area,” said Quinn Robertson, who has been Colonial Beach’s town manager for nearly three years.

In addition to buying the parcels for $2.7 million, Dodson Development will donate a total of $20,000 over each phase of the project ($5,000

Read More

Chicago developer eyes apartments for Fulton Market

That vision for the property at the southwest corner of Fulton Street and Racine Avenue could be a key test for 27th Ward Ald. Walter Burnett’s new policy on residential development in Fulton Market north of Lake Street. Burnett has previously cited the pitfalls of future residents opposing new commercial development as a reason for blocking apartment buildings in that area. But in May he said he would lift his ban to try to stoke new investor interest in the neighborhood amid the COVID-19 crisis.

Given the density of office buildings in the area and companies including Google, McDonald’s and Mondelez International establishing it as a corporate destination, the buyers were willing to pay a big number for the chance to add apartments to the mix.

The sale price is roughly seven times the $2.7 million that the seller, Atlanta-based real estate firm Drapac Capital Partners, paid for the property

Read More

Newport Beach developer seeking to buy Sonoma County’s Chanate Road property quiet about development plans

The Southern California company at the center of Sonoma County’s latest effort to sell its former hospital site along Chanate Road specializes in multipurpose development, and brings a group of real estate heavy hitters with a track record of major builds.

Sonoma County supervisors on Oct. 13 selected Newport Beach-based Village Partners’ $7.8 million bid to buy the county’s 72-acre Chanate Road property, setting in motion a 60-day period to review the details. Barring unforeseen circumstances, both sides have circled Dec. 31 as the date to close the deal for the property to finally change ownership.

However, for a county that has faltered amid negotiations to offload the property to three previous potential buyers, the deal seems far from done, especially, some local leaders said, given Village Partners’ unfamiliarity with the problematic property.

This costly site to maintain in northeast Santa Rosa largely has been abandoned and one that county

Read More

LEADING PRIME REAL ESTATE DEVELOPER GROUP SELECTS KRONOS TO PROVIDE AIR PURIFICATION SOLUTIONS FOR THEIR DEVELOPMENT PROJECTS IN SOUTHERN CALIFORNIA

Los Angeles, CA, Oct. 23, 2020 (GLOBE NEWSWIRE) — KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) (“KNOS” or the “Company”), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered and sterilized today announced the Company was selected by FMB Development Group – one of Southern California’s most dynamic and community-oriented developers of luxury residential real estate to provide  air purification units for all their real estate projects in California.  FMB Group’s initial purchase was designed to prepare to provide air purification to all of its residential units.

“We’re pleased to be chosen by FMB Development to test purchase our air purifiers and in the future provide every home, apartment office being built by them so that families and the community can live in safer environments,” said Michael Rubinov, Kronos President and BDO.

“The decision to partner with Kronos was made in order

Read More

Indian developer RMZ sells real estate assets to Canada’s Brookfield for $2 billion

(Reuters) – Privately held Indian developer RMZ Corp has sold 12.5 million square feet of its real estate assets to Brookfield Asset Management Inc BAMa.TO for $2 billion, the Canadian asset manager said on Monday.

The deal, which was reported earlier by Bloomberg and The Hindu newspaper, includes divestment of RMZ’s co-working business CoWrks, a Brookfield spokeswoman confirmed in an email.

RMZ will have zero debt after the deal that involves its rent-yielding offices and co-working spaces. It will use the money to expand its portfolio.

“The deal marks the largest-ever deal in the Indian real estate industry,” RMZ said in a statement.

The company will divest a part of its core portfolio across Bangalore and Chennai, it said.

The commercial real estate asset portfolio of RMZ is valued at about $10 billion, according to The Hindu newspaper of India.

The deal involved a sale of 18% of RMZ’s commercial

Read More

Indian developer RMZ sells real estate assets to Canada’s Brookfield for $2 bln

Oct 19 (Reuters)Privately held Indian developer RMZ Corp has sold 12.5 million square feet of its real estate assets to Brookfield Asset Management Inc BAMa.TO for $2 billion, the Canadian asset manager said on Monday.

The deal, which was reported earlier by Bloomberg and The Hindu newspaper, includes divestment of RMZ’s co-working business CoWrks, a Brookfield spokeswoman confirmed in an email.

RMZ will have zero debt after the deal that involves its rent-yielding offices and co-working spaces. It will use the money to expand its portfolio.

“The deal marks the largest-ever deal in the Indian real estate industry,” RMZ said in a statement.

The company will divest a part of its core portfolio across Bangalore and Chennai, it said.

The commercial real estate asset portfolio of RMZ is valued at about $10 billion, according to The Hindu newspaper of India.

The deal involved a sale of 18% of

Read More

Developer makes offer to buy Jeffrey Epstein house in Palm Beach


Todd Michael Glaser says if deal goes through, he would raze home of late sex offender and develop house there on speculation.

Darrell Hofheinz
 
| Palm Beach Daily News

Developer Todd Michael Glaser has made an offer to buy the Palm Beach home of the late convicted sex offender Jeffrey Epstein with plans to raze it and build a house there on speculation, Glaser has told the Palm Beach Daily News.

But any sale is still in the early stages and not yet finalized.

Glaser has put down an initial deposit on the property, but he wouldn’t disclose the amount or how much he has offered to pay for the house. 

The lakefront property at 358 El Brillo Way remains listed for sale at $21.995 million in the local multiple listing service. Listing agent Kerry Warwick and broker John Hackett, both of the Corcoran Group, declined to comment.

“We are

Read More

How a banker from Ohio became a successful real estate developer

  • Brett Kaufman became a banker in Ohio after graduating from college and he “hated it.” For a long time, he says, he thought “this is just what people did, they worked.”
  • Years in, when he gave banking advice to a real-estate developer, his interest was piqued, and he left in 2000 to take a shot at becoming a developer himself.
  • In 2011, he launched his own company, Kaufman Development, which has since developed over 2,000 units and in developments across the Midwest.
  • Here’s how he did it.
  • Visit Business Insider’s homepage for more stories.

Brett Kaufman has been redefining community living through art and innovation for over a decade. 

Currently the founder and CEO of Ohio-based Kaufman Development, Kaufman’s story begins as a banker, first as an analyst then as a mezzanine lending team member.

“I hated it. I was not a good banker,” he told Business Insider. “I thought

Read More

Developer wants to build 100+ new homes in Yellow Springs

YELLOW SPRINGS — A developer wants to build more than 100 homes on approximately 52 acres south of the village.



Oberer Land Developers, is under contract to purchase the property north of East Hyde Road, east of U.S. Route 68 and west of Spillian Road. The company plans to build about 88 single-family homes and another 50 duplex homes. Both kinds of properties will start at close to $300,000 for about 1,650 square-feet, said CEO George Oberer.


© courtesy of ChrisK Realtors
Oberer Land Developers, is under contract to purchase the property north of East Hyde Road, east of U.S. Route 68 and west of Spillian Road. The company plans to build about 88 single-family homes and another 50 duplex homes. Both kinds of properties will start at close to $300,000 for about 1,650 square-feet, said CEO George Oberer.

Oberer Land Developers requested the village and Miami Twp. consider an agreement that would allow Yellow Springs to annex 34 acres that are not already a part of the village. This would pave the way for the village to potentially rezone some of the land for duplexes and the developer to build 138 homes instead of 113 (the number possible under current zoning). The township board of trustees

Read More