Arvida's incoming chair Anthony Beverley has had a career in managing property.
Unsold apartments in The International apartment complex could be transferred into the hands of secured creditors, but details had not been worked out as yet.
Falling net migration should take some heat out of the housing market but won't solve the underlying problem.
It was one-way traffic in real estate last quarter, with sellers making $6.7 billion in capital gains, at a median profit of $276,000, an all-time record per deal.
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articles by Oliver