7 ways to avoid the new LLC disclosure law

Renderings of Faena House and Estates at Acqualina, and President Barack Obama From the New York website: Buyers of luxury Miami and Manhattan real estate, whose purchases are often shielded by limited liability corporations, will be thrust into the spotlight come March, when new federal disclosure requirements take effect. But the new order doesn’t necessarily…

Art Deco apartments on Collins sell for $10M

1351 Collins Avenue in Miami Beach Three Miami Beach investors have added a low-rise apartment building to their portfolio, county records show. Gemms Inc. sold the two-story, Art Deco-era building at 1351 Collins Avenue for $9.9 million. Mike Ryan Collins LLC, an entity managed by Jack Avid and Steven Ovid, bought a 50 percent stake in the property,…

Global luxury resi markets feeling macro uncertainty

From left: Time Warner Center in Columbus Circle and 432 Park Avenue and One57, both in Midtown From the New York website: Don’t think that luxury housing markets are insulated from ongoing macroeconomic uncertainty and turmoil in the global stock and commodities markets. The foreign investors that have massively influenced the run-up in property values over the past several…