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Denver Tech Center Office Tower Changes Hands

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Who Bought Terrace Tower: and for How Much? Real Capital Solutions of Louisville and Dunton Commercial of Greenwood Village acquired Terrace Tower through a partnership. The deal marked a Colorado-to-Colorado ownership change for the 12-story office building at 5619 DTC Parkway. Buyer partnership The firms acted as co-buyers rather than as a single purchasing entity. Dunton Commercial was reported to oversee leasing, operations, and management. The transaction shifted ownership from Sun Life Assurance Co. of Canada, which had owned the property since 2012. Denver’s office vacancy rate reached 36.8% in Q2 2025, reflecting continued pressure on the office leasing market . Price disclosure Some reports did not disclose the purchase price. Public-record reporting, however, placed the sale at $23.8 million. Other coverage characterized the deal as a 37% discount and a purchase at a fraction of replacement cost. Those descriptions indicate a substantial gap from building costs, but they do n...
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Cincinnati $50M Apartments Open on Former School Site

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Cincinnati’s $50M Slate Apartments Open in Eastgate Slate Apartments opened Oct. 8 at 939 Rosemary Ave. on the former Glen Este High School site in Union Township, bringing 242 market-rate homes to Eastgate. The $50 million development marks a major reuse of a long-vacant educational property. The opening adds new supply to the Eastgate area, where more than $250 million in projects and over 1,200 residential units are completed, underway, or planned. The site is in Greater Cincinnati’s eastern gateway, near Interstate 275, State Route 32, and ongoing development activity. Eastgate leasing was underway when the community opened, adding another option to Cincinnati rentals. Nearby destinations include Cincinnati Children’s Eastgate campus, Total Quality Logistics’ expanded headquarters, the Eastgate shopping district, and west Clermont school-area destinations. The development’s location places new housing within reach of employment, shopping, and regional road connections. CRG Resident...
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Cincinnati Furniture Facility Sells for $65M

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Who Bought the $65 Million Cincinnati Industrial Property? New Haven REIT, a subsidiary of Morgan Stanley’s real estate investment platform, bought the 730,080-square-foot Cincinnati-area industrial property from Prologis for $65 million in July 2026. Buyer identity and transaction New Haven REIT is a real estate investment trust subsidiary linked to a New York City investment firm. Its connection to Morgan Stanley’s real estate investment platform identifies the financial group behind the buyer, while New Haven REIT was the purchasing entity named in local reporting. Prologis sold the property to New Haven REIT. The transaction ranked among the Cincinnati region’s largest commercial real estate sales of 2026 and was also highlighted as a major industrial sale. The acquisition placed the buyer in a logistics corridor east of Cincinnati. The reported sale price was $65 million, making the transaction a significant regional investment. The deal was completed in July 2026. The Williamsbur...
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Florida Billionaire Rokos Sells Oceanfront Mansion for $83M

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Rokos Sells Manalapan Mansion for $83.2 Million British hedge fund billionaire Chris Rokos sold his oceanfront estate at 1370 South Ocean Boulevard in Manalapan for $83.2 million, according to reports published in early October 2026. The transaction ranks among the region’s largest residential deals and was reported as the priciest local home sale at the time. Rokos bought the property in 2017 for $40 million. It was listed for $150 million in February 2025, then reduced to $135 million before selling for substantially less than the initial asking price. The final price nevertheless more than doubled his purchase cost. The buyer’s identity has not been publicly disclosed. The roughly 35,000-square-foot estate sits on close to three acres of oceanfront land. Nine bedrooms are part of its current configuration. Reports identified a Delaware-registered entity, BigOcean 3M LLC, and said the buyer used a United Kingdom address. The deal underscores the scale of pricing in the Manalapan lux...
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Florida Attorney Linked to Family Property Theft Attempt

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What Was the Outcome in the Ashley Morin Case? Ashley Morin resolved the criminal case by pleading no contest to unlawful filing of false documents against real property and criminal use of personal identification information. The plea deal concluded the matter on reduced felony charges rather than the more serious first-degree grand theft allegation initially faced. The court withheld adjudication and imposed four years of probation, running through June 17, 2029. These probation terms followed Morin’s admission to the physical acts underlying the conduct, while she maintained that she did not know the deed was forged or that fraud was occurring. The deed had removed Ryan Shrouder as co-owner of his Cooper City home, leaving his mother as sole owner. It involved a stolen signature stamp . County recorders’ fraud detection systems can help identify suspicious property-title changes. Separately, the Florida Supreme Court suspended Morin from practicing law for one year, rejecting a rec...
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Florida Condo Bills Hit $320K as Repairs Soar to $36M

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Why Did The Galleon’s Repair Bill Reach $36 Million? The Galleon’s repair costs climbed as the project expanded far beyond its original scope. The initial contract covered a $1.6 million structural restoration, but the association approved additional work as construction progressed. Numerous owner-approved changes and added contracts broadened the project beyond its original agreement. The contractor attributed the final $36 million bill to the expanded scope selected during repairs, describing the increase as a direct result of decisions made while work was underway. Unforeseen repairs can turn an optimistic renovation budget into a much larger financial burden. The project had continued for about five years by the time the total was reported. That prolonged schedule added carrying costs through extended supervision, administration, and construction staging. Repeated crew mobilization and rising labor and material prices can also increase expenses over time. Owners also raised concer...
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California Wealthy Enclave Weighs Exodus Over High Costs

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Why Affluent Californians Are Leaving For some affluent Californians, relocation is a calculation shaped by taxes, business costs, and quality-of-life concerns. The state’s top income tax rate reaches 13.3%, and the same top rate applies to investment gains and business-asset profits. The federal cap on state and local tax deductions can make that burden feel heavier. Business owners also weigh complex rules governing labor, environmental standards, licensing, and compliance. Some say moving operations could lower overhead, though policy analyses find little evidence of a mass millionaire exodus. Remote work has reduced the need for many professionals to remain near coastal job centers, allowing some to retain high-paying jobs elsewhere. Retirement planning can also influence timing: retirees and owners with large portfolios may relocate before drawing down assets to limit anticipated tax exposure. Housing affordability has also been linked to California’s net out-migration, with the ...
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