World Franchise Group Launches In South Florida

October 21, 2020

Franchise and real estate consulting firm World Franchise Group, Inc. (WFG) launched today, offering entrepreneurs an innovative, full-service path to realizing their dreams of business ownership.

Based in South Florida and serving entrepreneurs across the United States and around the world, WFG helps candidates select a franchise business that fits their financial and lifestyle goals through a collaborative, transparent and high-tech approach to business ownership.

WFG offers candidates more than 500 well-known and emerging franchises to choose from, including quick-service restaurants, home services, senior care, business coaching, pet-related services, and fitness- and health-related businesses.

“We serve both entrepreneurs who want to exit corporate America and start their own business and savvy investors who want to diversify their portfolio and augment their long-term wealth-building strategy,” said Keith Lefkof, WFG’s president. “There are many pandemic-proof, Amazon-proof and recession-proof franchise concepts that appeal to entrepreneurs and investors.”

WFG gives entrepreneurs

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60 Guilders, Carlyle Sell Midtown South Office Condos

20 West 33rd Street (20West33rd)

20 West 33rd Street (20West33rd)

Kevin Chisholm’s 60 Guilders and the Carlyle Group have found a buyer for four condos at their Midtown South office-condo conversion.

JLA Home, a home furnishing and bedding company whose merchandise is sold in places such as Macy’s, picked up four, full-floor condo units at 20 West 33rd Street for $35 million.

The company is taking the third, fourth, fifth and 12th floors — totaling 55,000 square feet — as showrooms, said Jeffrey Rosenblatt of SquareFoot, who represented the buyer.

60 Guilders and Carlyle bought 18 and 20 West 33rd Street, which sit between Fifth Avenue and Broadway, for $111 million in 2015. The partnership then converted the buildings into a 21-unit office condo complex with a projected sellout of $206.6 million, or $9.8 million per unit.

The idea was to market the condos first to the existing tenants in the building. In 2017, HUBB

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A $41 billion investment firm is coming to South Florida

A prominent New York investment firm that manages approximately $41 billion in assets has plans to move its headquarters to South Florida.

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Elliott Management is relocating from midtown Manhattan to West Palm Beach, according to the Palm Beach County Business Development Board — making it the latest in a growing line of financial firms to move their headquarters from the Northeast or add offices to the South Florida region.

The firm is overseen by billionaire Paul E. Singer, one of the wealthiest people in the United States. According to the New York Times, he recently disclosed the headquarters move to Florida — a decision apparently triggered by the coronavirus pandemic and the volatility of the commercial real estate market in Manhattan.

“They made a commitment to have a corporate headquarters in West Palm Beach,” Kelly Smallridge, the board’s president and CEO, said by telephone Friday. “They’ve been very

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September Residential Sales Soar In South Florida

Residential sales experienced a surge in September

Residential sales experienced a surge in September

Residential sales experienced a surge in September throughout South Florida, according to the Miami Association of Realtors.

Miami-Dade, Broward and Palm Beach counties all experienced double-digit jumps, year-over-year, in total sales.

While the months of supply for single-family homes decreased in Miami-Dade, Broward and Palm Beach counties, the inventory of condos increased in all three counties. Pricing continued to rise across the board.

Miami-Dade

Residential sales grew by 12.5 percent in Miami-Dade County last month, year-over-year, to 2,521 closings. Single-family home sales surged to 1,288, a 19.3 percent annual increase. Condo sales rose by 6.3 percent to 1,233.

Closed dollar volume of single-family homes grew by 55 percent, up to $975.8 billion. Condo sales volume totaled $490.8 million, up 26.3 percent.

Median prices of single-family homes increased 15.2 percent, year-over-year, to $435,000, while condo prices increased 8.2 percent to $265,000.

Broward

Total home

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Luxury Single-Family Home Sales Jump in South Florida

Big-spending home buyers across some of South Florida’s most major markets are propelling the area’s surging real estate market, according to the latest report released Thursday by the Miami Association of Realtors.

The number of homes that sold across Miami-Dade, Palm Beach and Broward counties jumped by double digits in September compared to the same time last year, but it was buyers at the top end, buying homes priced at $1 million or more, who were really out in force last month.


As is the case nationwide—in markets from Los Angeles to the Hamptons in New York—a feverish demand for single-family homes has emerged from the coronavirus pandemic as buyers, who in many cases have been spending more time at home than ever, seek more space and less dense locales.

In Miami, luxury single-family home transactions jumped 76.7% year-over-year to 159 sales in September, while existing luxury condo sales increased

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South Korea finance minister loses home as housing policy comes back to haunt

SEOUL (Reuters) – South Korea’s finance minister, the architect of rules aimed at protecting tenants and slowing deposit increases, has himself been forced to look for a new home as landlords react to the rules by quickly replacing tenants so they can bump up deposits.

South Korea’s finance minister Hong Nam-ki presides over a meeting at the government complex in Seoul, South Korea, October 16, 2020. Picture taken on October 16, 2020. Yonhap via REUTERS

Hong Nam-ki is also faced with broadening his search as the average deposit where he lives 20 minutes from parliament has soared by a third since his housing rules took effect in July, with the irony of his predicament setting the internet alight.

“Worse comes to worst, he can camp by the Presidential Blue House, right?,” one netizen asked on a real estate forum.

Seoul apartment prices have risen more than 50% since the left-leaning

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Auto auctioneer to expand in South Florida, buying 117 acres in Homestead for $34.75M

An auto auctioneer looking to expand in South Florida has bought 117 acres in Homestead for $34.75 million.

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The Dallas-based company Copart USA bought SouthEnd Industrial at Southeast 36th Avenue and 336th Street., in the Homestead Park of Commerce, according to a news release. The company auctions salvaged and used cars. The company will process and store cars in Homestead.

The site has a 32,950-square-foot warehouse, but can accommodate up to nine other warehouses ranging from 31,860 square feet to 82,460 square feet, according to a brochure.

It is among largest industrial land sales in Miami-Dade County the past few years.

JLL Managing Directors Brian Smith and Audley Bosch and Vice President Matt Maciag represented the seller, Sure Equity.

Brian Smith, Audley Bosch, and Matt Maciag, all with the commercial real estate brokerage and property investment strategies Chicago-based firm JLL, represented the saller Sure Equity Group. Edward Redlich,

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Hilco Real Estate Announces The Court-Ordered Bankruptcy Sale Of 17 Multifamily Properties On Chicago’s South Side

NORTHBROOK, Ill., Oct. 20, 2020 /PRNewswire/ — Hilco Real Estate, LLC announces November 3, 2020 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties located on Chicago’s South Side, formally known as Better Housing Foundation Portfolio C. The portfolio features 17 multifamily properties, totaling 181 units, to be sold as a whole and is subject to a minimum stalking horse overbid of $4,785,000, which equates to $26,436 per unit.

The buildings within this sale are in different areas throughout Chicago’s South Side including Park Boulevard, Jackson Park, Beverly and other various neighborhoods in between. There are three to 24 units available in each building, and all units range in occupancy levels. 

The on-site inspection dates for properties one through ten, starting at 3652 S. Indiana Avenue and ending at 6800 S. Clyde Avenue, will be held on Wednesday, October 14 and properties 11

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South Yarra marble mansion with Terracotta Warrior pool for sale

A bathroom made entirely of marble and glass, a garage designed to showcase luxury cars, and two pools — one overlooking a huge TV screen and the other, guarded by mosaic Terracotta Warriors.

These are just some of the lavish — and totally out-there — features that make up a six-level home bringing Miami-style flair to the South Yarra market.

A buyer will need to splash $8m to snare the brand-new pad at 270A Punt Road being marketed as a “world first”.

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While selling agent Anton Wongtrakun of Dingle Partners expected the property to be “polarising”, he said it also offered “a certain refinement you just won’t find anywhere else”.

“Some people are going to absolutely fall in love with it, but it

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Hilco Real Estate Announces The Court-Ordered Bankruptcy Sale Of 17 Multifamily Properties On Chicago’s South Side | Nachricht

NORTHBROOK, Ill., Oct. 20,2020 /PRNewswire/ — Hilco Real Estate, LLC announces November 3, 2020 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties located on Chicago’s South Side, formally known as Better Housing Foundation Portfolio C. The portfolio features 17 multifamily properties, totaling 181 units, to be sold as a whole and is subject to a minimum stalking horse overbid of $4,785,000, which equates to $26,436 per unit.

Hilco Real Estate (PRNewsfoto/Hilco Real Estate)

The buildings within this sale are in different areas throughout Chicago’s South Side including Park Boulevard, Jackson Park, Beverly and other various neighborhoods in between. There are three to 24 units available in each building, and all units range in occupancy levels. 

The on-site inspection dates for properties one through ten, starting at 3652 S. Indiana Avenue and ending at 6800 S. Clyde Avenue, will be held on Wednesday, October 14 and properties 11 through

Read More