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Sarasota 24-Hour Restaurant Sells for $4.25M

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Sarasota Denny’s Sale Price and Timing The former Denny’s at 3701 Bee Ridge Road in Sarasota sold for $4.25 million in an off-market transaction that closed Aug. 4, 2026. The seller was the property owner tied to the former restaurant site. American Property Group brokers Brian Seidel and Tyler Sluman handled the transaction. The buyer was Rich Global, a West Palm Beach investment and development firm led by Nathan Rich. The deal comes as investors continue to show interest in properties tied to industrial real estate market trends. Rapid Closing Window The closing timing was unusually tight. The restaurant served its final customers Aug. 2, 2026, and the deal closed two days later. That sequence placed the property in new ownership almost immediately after operations ended. American Property Group said the transaction came together in three phone calls. The swift off-market deal suggested strong investor demand. The site had been one of Sarasota’s last 24-hour restaurants . In Saraso...
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Charlotte Queen City Quarter Lands Under Contract

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Why Queen City Quarter Is Back on the Market In the wake of foreclosure, Queen City Quarter returned to the market after years of financial and operational distress undermined its recovery. The previous owner defaulted on an $85 million loan, leading to foreclosure in March 2022. Deutsche Bank then acquired the property for $95 million at auction in August 2022 as the sole bidder. That reset ownership, but it did not resolve weak post-pandemic performance or support a long-term bank hold strategy. CBRE was later brought in to help reposition the asset after foreclosure acquisition . Vacancy, Traffic, and Reputation Pressures Leasing remained severely challenged, with only about a dozen active tenants and vacancy near 76%. Reduced foot traffic continued to pressure sales, while safety concerns and a nightlife-centered reputation discouraged broader demand. Comparable urban recovery efforts increasingly emphasize mixed-use integration and transit accessibility to rebuild activity and lo...
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Pittsburgh Closing Cost Surprise Hits Home Deals

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How Much Are Pittsburgh Closing Costs? Sticker-shock often defines the first look at Pittsburgh buyer closing costs. They commonly land between 2% and 5% of the purchase price. In city averages, one 2026 breakdown places buyer costs near 3.6%. Statewide figures run higher, including 4.28% from one source and 5.2% from another Pennsylvania estimate. In Pittsburgh, the transfer tax split is typically 2.5% for the buyer and 2.5% for the seller. Actual totals shift with price, services due at closing, and loan programs. In other markets like Columbus, a 45% inventory increase has started reshaping buyer expectations around timing and affordability. For a $235,000 home, estimates range from about $4,700 to $11,750. One estimate puts the total near $8,460. A $225,400 purchase implies roughly $5,635 to $11,270. At $300,000, the range rises to about $6,000 to $15,000. Typical buyer charges include lender fees, title work, appraisal costs, and prepaid tax and insurance escrows. Optional attor...
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Mineola Housing Project Breaks Ground on 3rd Street

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What Is The Bridge in Mineola? A high-visibility transit-oriented project, The Bridge in Mineola is a proposed nine-story condominium development planned for a 0.64-acre site directly across from the Mineola LIRR station. The parcel sits between Station Road, Mineola Boulevard, and Third Street. It would replace a two-story 2,500-square-foot office building and a small taxi stand. The development is planned to contain 101 condominium residences under a revised plan that replaced an earlier eight-story rental proposal. The project is expected to cost about $130 million . William S. Novak Architect designed the building. The project is being advanced by 212-214 Third Street Associates LLC and Mineola 212 LLC, affiliated with Adam Mann and Scott Burman. The Bridge fits Mineola’s downtown overlay zone and wider redevelopment pattern. Its location emphasizes transit connectivity and positions the project within ongoing community engagement around downtown growth. What Homes and Amenities Wi...
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Alamo Heights 5-Story Apartment Plan Draws Backlash

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What the Alamo Heights Project Includes The proposal centers on a 150-unit apartment development in the Broadway commercial corridor in central Alamo Heights. It would add 175,000 square feet of residential space in a four- to five-story building shaped by the site’s slope. Plans also include 5,100 square feet of ground-floor retail and 7,000 square feet of amenity space for residents. The apartments are expected to include in-unit laundry and hardwood flooring among common home features. Similar housing efforts in Florida have highlighted workforce housing as a way to expand options for working families. The parking strategy calls for 276 spaces. Only 21 spaces would sit above ground or outside the underground garage. The remaining parking would be placed below grade to limit visible surface parking. Site circulation is linked to requested changes involving parts of Ellwood Avenue and all of Ausway Lane. The project moved through a special use permit process approved by City Council...
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Seattle Iconic Building Hits the Market

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Why Is Smith Tower for Sale Now? Amid a weak downtown office market, Smith Tower was put up for sale as Seattle landlords faced rising vacancy and stalled leasing demand. Seattle office vacancy reached 22% in the first quarter, and more than 25% of downtown space was vacant or offered for sublease in 2023. Rising development uncertainty, including a 400M funding gap affecting major Seattle projects, further weakened confidence in large-scale downtown real estate bets. That backdrop reduced confidence in a hold strategy and made a sale or repositioning more rational. Smith Tower, a designated Seattle Landmark since June 12, 1984, carries historic significance that can complicate major redevelopment decisions. Pandemic Fallout and Conversion Pressure The property had been acquired before expectations for an office upswing, but pandemic fallout undermined that thesis. Its large office footprint left it exposed as downtown recovery lagged. Reports indicated roughly half the tower’s offic...
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New York Staten Island Victorian Lists for $1.1M

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Why Does This 1887 Staten Island Victorian Stand Out? Perched high above the harbor, this 1887 Staten Island Victorian stands out for its rare mix of late-19th-century architecture, commanding water views, and a remarkably large footprint. Its elevated setting gives the house sweeping harbor and city vistas, along with the privacy and scenic distinction associated with high-ground siting in Stapleton Heights. That placement sets it apart from more typical inland Victorians. Preserved Character and Scale The home also stands out for its period integrity. Original woodwork, bay windows, soaring ceilings, once-working fireplaces, and a double parlor preserve its Victorian character. Staten Island’s historic residential appeal was shaped in part by communities like New Brighton, an early suburban retreat praised for its planning and villa development in the nineteenth century. At roughly 3,072 square feet, with six bedrooms and 2.5 baths, the layout is notably generous. A separate family ...
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