David Geffen Flips Vacant Beverly Hills Parcel for $34 million to Randall Van Wolfswinkel

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So the tongue-wagging Platinum Triangle real estate scuttlebutt goes, billionaire real estate developer Randall Van Wolfswinkel has over the last year or so peeped and poked around just about every trophy home for sale in Beverly Hills with a price tag under $100 million. But, in the end, the property mad developer decided on an undeveloped lot along what is arguably one of the best and most expensive streets in the famously high-priced Trousdale Estates area of Beverly Hills, paying $33.75 million in an off-market deal for a vacant one-acre parcel that was sold at a multimillion-dollar profit by David Geffen.

Set along a high, ridgeline cul-de-sac of nine homes, each with a more compelling bird’s eye view than the last, the scraggly, unkempt property has been sold half a dozen times over the last 12-or-so years, and somewhat improbably in the process

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Lennar Corp. pays $29 million for Homestead,FL parcel

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Lennar Corp. has paid $29 million for this 40-acre lot just east of the intersection of the Florida Turnpike and Biscayne Drive in Homestead, FL.

Lennar Homes, the homebuilding arm of the Miami-based real estate development giant Lennar Corp., has paid $29 million for a 40-acre, two-parcel lot in Homestead at 28600 SW 132nd Ave., located three blocks east of the Florida Turnpike at the Biscayne Drive intersection, near the Homestead Air Reserve Base.

According to The Real Deal, which first reported the transaction, the seller was the investment firm Treo Group, which bought the land for $13 million in 2018, when it was occupied by residents of the seniors-only Pine Isle Mobile Home Community.

In March 2019, the firm informed the 40 households of the mobile home community, who paid $400 a month for their lot, that the land was being sold and they would need to move by

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$4M deal secures final parcel for Carver Square condos development

The warehouse building along Lombardy Street, built in 1900 as a lumber mill, would be demolished to make way for the Carver Square condos. (Photos by Jonathan Spiers)

Less than a week after spending $10 million for a 23-acre site near Short Pump, a prolific area builder put down nearly half that amount for roughly 2 acres in the city — putting the final piece of its next Richmond development in place.

Stanley Martin Homes has finalized its purchase of about 2¼ acres at 1480 and 1500 W. Moore St., where it plans to build the bulk of its recently approved Carver Square condominiums. The Reston-based builder paid $4 million in a deal that closed Nov. 4, according to an announcement from Divaris Real Estate.

Divaris agents Read Goode and Cheryle Toy represented Stanley Martin in the purchase. The transaction was not reflected on city property records available

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