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Atlanta, GA
25 Year Surivor of the New Home and Real Estate Industries
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The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.
Paul Fireman's ranch is one of the largest in the West, with an asking price of $50 million. Plus, Bret Saberhagen's home lists, and a Beverly Hills home asks $9.5 million.
Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.
Real-estate funds saddled with boom-time properties are getting relief from Wall Street firms and other investors hoping to capitalize on their need for cash.
Even in this market, buyers can get tripped up. Here are a few do's and don'ts for first-timers.
Three homes with outdoor fireplaces for under $3 million in Hawaii, Chicago and Georgia.
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