Jerry Falwell Jr. has settled a federal lawsuit involving a Florida real estate venture.The Miami Herald reports that Falwell has agreed to pay Gordon Bello an undisclosed amount of money.Falwell is the president of Liberty University, an evangelical Christian school in Lynchburg, Virginia. Bello is an attorney and legislative aide for the Miami-Dade County Commission.Bello sued in 2017, claiming he was promised a stake in a South Beach hostel that Falwell purchased in 2013 for $4.7 million. Bello claims he and his father, Miami builder Jett Bello, pitched Falwell on the hostel idea after being introduced by a high school friend of the younger Bello. Falwell denies promising Gordon Bello anything. Falwell’s lawyers noted Bello never filed any emails, texts or documents suggesting a deal existed.___Information from: The Miami Herald, http://www.herald.com … [Read more...] about Falwell settles lawsuit over Florida real estate venture
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City Councilor Michelle Wu called for sweeping change to Boston’s development review process Monday by proposing that the Boston Planning and Development Agency be abolished — overdue action needed to address the city’s pressing problems, she said. Wu, detailing the proposal in a 54-page report, said the agency has only served the well-connected in an outdated system designed 60 years ago that lacks accountability and transparency. Meanwhile, Boston’s modern day problems have continued on, unchecked, she says. “Instead of delivering the resources to address our most urgent challenges, Boston’s development process is making our problems worse,” Wu wrote in the report, titled, “Fixing Boston’s Broken Development Process: Why and How to Abolish the BPDA.” “We’re more and more anxious about rising home prices and rents, frustrated daily by increasingly awful commutes, and scared about the flooding and extreme heat … [Read more...] about Michelle Wu wants to abolish the BPDA. Here’s what to know.
Designed by renowned architect Richard Landry and in collaboration with interior designer Joan Behnke & Associates, comes this stunning custom-built five-bedroom home, the home of Tom Brady and Gisele Bundchen in Brookline, Massachusetts. The property, situated on over five acres of land, is adjacent to the 9th hole of The Country Club – the oldest country club in the United States and one of the five charter clubs that founded the United States Golf Association, making it integral to the history of golf. The home could be mistaken as a modern castle due to its size and stature. Inside, it includes an exquisite dining room, living rooms and a chef’s kitchen, each offering plenty of natural light due to large windows and a glass roof. A grand stairwell leads upstairs to five bedrooms, while the lower levels include a recreation room, kids play room, gym, spa and even a wine room. Outside, you can find an organic vegetable garden, along with a completely separate guest … [Read more...] about Daily Dream Home: Tom Brady’s Brookline Mansion
Vietnam had a registered FDI of nearly $26.16 billion in the year to September 20, and real estate ranked second after the manufacturing and processing industries, accounting for 10.6 percent of the total, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). An FIA report said that FDI in real estate went into two main areas: industrial real estate and M&A activities. Experts have noted that foreign investors in Vietnam can be divided into two groups: the first is interested in cash-generating assets such as office buildings, commercial centers, service apartments and hotels located in central areas; the second focuses on housing development, partnering with domestic investors, especially enterprises with available land, to build apartments or villas. Butterfly effect The FDI inflows, combined with the wave of factories moving from China to Vietnam, make the rise of industrial real estate foreseeable. Alongside this, a series of office … [Read more...] about For optimal investments in Vietnam, timing is everything
When real estate developer (and former Starwood Hotels & Resorts executive) Paul McGowan was touring colleges with his daughter, he couldn’t find decent accommodations near the schools they visited. So he launched Study Hotels in 2008, with the Study at Yale. A modernist tower in Philadelphia followed, and the Study at University of Chicago is due in 2021. He’d found a void in the market: Plenty of college towns offer little more than a weathered chain hotel, with a floral comforter and a microwave, if you’re lucky. With Study Hotels, McGowan took aim at college-town visitors who long for something chicer. Others took notice. Graduate Hotels debuted in 2014 in a renovated foundry near the University of Georgia’s campus in Athens; now there are 19 Graduates, including Minneapolis, each waving a collegiate pennant in its design. Each offers a kind of cool kitsch. While big brands such as Hilton, Marriott and Nobu are starting to notice the vibrant culture of … [Read more...] about 5 hotels in college towns that really make the grade