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
Real estate transactions
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 Wu, detailing the proposal in a 54-page report, said the agency has only served the well-connected in an outdated system designed 60 years ago that lacks accountability and transparency.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.
Tech billionaire Larry Ellison, already well-known for his extravagance, will soon own another exotic trophy — a Hawaiian island. Ellison, the founder of Oracle Corp., has agreed to buy 98% of the island of Lanai from David Murdock, a Los Angeles billionaire who controls Dole Food Co. and many other businesses under Castle & Cooke Inc. Lanai, the sixth-largest Hawaiian island at 141 square miles, was once a pineapple plantation and is still sparsely inhabited. According to documents filed with Hawaii’s Public Utilities Commission, the purchase will include two resort hotels and two golf courses with clubhouses. The sale price has not been disclosed, but local observers value the deal at more than $500 million. That’s a large real estate transaction by any standard, though not earth-shattering in the realm of trades among wealthy investors. Ellison, the third-richest American with a net worth of $36 billion, according to Forbes, has spent hundreds of millions … [Read more...] about Oracle founder Larry Ellison buying Hawaiian island of Lanai
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
These tactics can can add up to millions in tax savings over a lifetime. Tom Wheelwright Published 12:02 pm CDT, Thursday, October 3, 2019 Photo: Hero Images | Getty Images Photo: Hero Images | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Hero Images | Getty Images 7 Steps to Reduce Your Taxes by 10-40% Permanently 1 / 1 Back to Gallery To help entrepreneurs maximize tax savings and build long-term wealth, every school should be teaching their students these seven tax tips in financial education classes. As millions go back-to-school, the majority never learn this information in home economics and business courses. And because taxes are anyone’s greatest … [Read more...] about 7 Steps to Reduce Your Taxes by 10-40% Permanently