In the lawsuit filed Monday in Broward Circuit Court, John Taglieri also contends the developer of the project violated state securities and condo laws.

SB Hotel Associates LLC failed to register Taglieri’s unit at the beachfront Trump International Hotel & Tower as a security, though it was marketed as an investment opportunity, and wrongly promoted the project as a Trump development, according to the lawsuit.

The lawsuit claims marketing material indicated the units would be worth 36 percent more with the Trump name.

Trump is not the developer and does not have any agreement to indicate the project will operate under the Trump name when it is completed, according to the suit.

Taglieri put down $146,000 in December 2005 for a $730,000 unit in the 298-unit tower under construction at 551 N. Fort Lauderdale Beach Blvd. (A1A). He was told the 24-story development would be complete in 2007.

“The impetus for the lawsuit is frustration with purchasing a product he thought he was getting that was heavily promoted in a certain way by the developer and realizing that’s not the project that will be delivered,” said Taglieri’s attorney, Jared Beck of Beck & Lee in Miami.

“In this market, misrepresentation and failure to deliver what’s promised are things a developer cannot afford to get away with,” he said.  Continued…

Source: Law.com

More Blogs on:  Condo-Hotel | Trump

While we were at it showing this very rare unit right next to the Old Ritz Carlton Boston Common…now The Taj Hotel….we thought we should show off our new mapping also!  Check out our Google Street View implementation into our site.  Man…we are loving innovation in this industry!

Price: $5,000,000

Refund:  $120,000 when you buy with CondoDomain.com

2 Commonwealth Ave
Unit # 8C/D
Boston, MA 02116

MLS # 70731061

Status: Active
Type: Condominium
Beds: 3 Bedroom
Bath: 3 (Baths)

Sq/Ft: 2810
Price per Sq/Ft: $1,779.36
Condo Fee: $2,851 (monthly)
Taxes: $33,090 (annual)

Estimated Payment: $25,609

Listing Courtesoy of Coldwell Banker Residential Brokerage - Boston - Commonwealth Ave.
Florence Mackie

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$2000 per square foot and you can’t even live in it year round!  Gotta love NY!

Now that the long-awaited plans for Trump SoHo have finally been approved by the city, the next question is: How much are these suckers going to cost? Although the sales office has yet to open (the offering plan will be ready “imminently,” we’re told) and our requests for specific pricing information have been unsuccessful, the parties involved predict the numbers will be unprecedented below 14th Street.

“The demand is going to create a price point that will set the benchmark for pricing downtown,” says Shaun Osher of Core Group Marketing, which will be selling the hotel-condo units. “It will be well in excess of $2,000 a square foot.”

Though Donald Trump Jr. notes that “$2,000 a square foot doesn’t have the shock factor it used to” (especially to foreign buyers taking advantage of the weak dollar), that price point is still high compared to the new Hudson Square buildings a stone’s throw west of Trump SoHo.  Continued…

Source: New York Post

For the same money of one of their high-end units, you could visit our SOHO fav - 25 Bond (with only one unit left).  Also, visit other NY Condos and condo-hotels here.

Rumor has it that one of the buyers of one of the $50 million-plus condo at The Plaza is Italian real-estate tycoon Luigi Zunino, the CEO of Milan-based Risanamento S.p.A., one of Italy’s largest real-estate development companies.

The Plaza Residences Website

The Math:  9100 sq/ft X $6100 per sq/ft = $56,120,000 (bonus = free 500 sq.ft terrace)

Sources: The Real Estate Bloggers, Observer, NYTimes

Continued….

or visit the DEV WEBSITE:  www.TRUMPSOHO.com 

Source: The Villager

Falor said his departure from the South Beach hotel signals the beginning of the end of his stormy tenure in South Florida real estate. His other South Beach project, the Breakwater and Edison hotels, are in bankruptcy. Falor said both hotels, along with a South Florida property where he owns a small stake, Islamorada’s Cheeca Lodge, are for sale.

”For me, it made sense to move on,” the Chicago developer said.

Falor’s departure from the Royal Palm was first announced in a court hearing Friday for a lawsuit developer R. Donahue Peebles filed against Royal Palm owners claiming gross mismanagement by Falor. Majority owner Guy Mitchell said Falor was removed as manager in March. Continued…

Source: Miami Herald

Check out Condo Movies here.

or watch this one right here:  The Residences at the Westin in Providence, RI

Donald Trump is using his assistant-grooming reality show to sell units in his second Las Vegas condominium tower.

For a one-hour episode of “The Apprentice” scheduled to air Sunday, contestants were tasked with devising a marketing plan for Trump Tower II, which like its predecessor will be 64 stories of gold glass just off the Las Vegas Strip, developers said.

The challenge is formidable. Las Vegas’ once-hot condo market has cooled in the past year, leaving dozens of projects stalled in blueprint stages and many condo buyers wanting out.

Trump’s Las Vegas projects are partnerships with casino owner Philip Ruffin, owner of the New Frontier hotel-casino next door.

Both towers include about 1,300 luxury condominium units, with a hotel rental option, at prices ranging from $700,000 to $7 million.

Tower I is expected to cost $600 million and be completed in early 2008. Tower II, targeted for completion two years later, is estimated to cost $700 million. Gross sales on the towers are projected to reach $2.5 billion, making it Trump’s largest project to date, said Jack Wishna, a dealmaker involved in the project.

Shop all Las Vegas Condos

Source:  Hollywood Reporter

Latest news from my Lindsay Lohan Condo Post yesterday…is that she was actually given the Condo, and she did not purchase it.

As noted in the article, many high-end developers will do this to attract more PR around the development.  If you think about it, it costs just about the same to kick off a killer PR campaign with print advertising and its NOT as cool as having a celeb in your condo building!

Condo Developers of these luxury lifestyle buildings are using everything from world renown artists like Philippe Starck, Designers like Armani Casa in 20 Pine downtown NYC and Ian Schrager world renown hotelier in 40 Bond Street in NOHO and even Jade Jagger, Mick Jagger’s daughter designing the Jade in Chelsea (as you can see NYC is taking the lead in branded condominium buildings!)…. and its the buyers are eating it up. 

These aren’t sales tactics, they are positioned marketing & designer goods that last.  They have staying power and tell a story.  This is what actually attracts me to the urban condominium marketplace.  I believe we are just scratching the surface of creativity, luxury & lifestyle aspects of “Branded Buildings”.

Your thoughts on branded condo buildings?

Manny Quotes, “Hi, I`m Manny Ramirez. I bought this AMAZING grill for about $4,000 and I used it once… But I never have the time to use it because I am always on the road. I would love to sell it and you will get an autographed ball signed by me =] Enjoy it, Manny Ramirez.”

So maybe he thought he could make some extra cash (or save some anticipating a monster commission check to his broker) by auctioning off his outdoor Grill?  Check it out here on Ebay,  looks like the current bid of $4650 is already $650 more than what he paid for it…oh and by the way, he will autograph a free MLB baseball for ya!  Interested in Bidding…the Ebay Auction Here

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