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Few people are aware that real estate in Mentor is worth several times as much as in Painesville. The demand, by prominent Cleveland people, for residence property along the C. P. & E. railway is what has put prices up on Mentor real estate, and now $1,000 an acre is considered cheap in many instances.
Quaker Oats bought 19.11 acres (7.73 ha) of land in the Yukon Territory of Canada for the price of US$1000 and printed up 21 million deeds for one square inch (6.5 cm 2) of land. On advice of counsel, Quaker Oats set up and transferred the land to the Great Klondike Big Inch Land Company to make the company the registered owner and manager of ...
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller, who later became the namesake of the Miller School of Medicine at the University of Miami, a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company.
The surrounding farm was sold to local real estate firm Epstein & Sons in November 1953, and it was developed into the Haines Acres subdivision. He gave $2,500 to the Boy Scouts in exchange for the housing development being named after him. The farm buildings were eventually demolished and their land became part of the development in the 1970s. [7]