Re:

well? nu

Hi How are you doing? I am in NYC. Any chance you will be around this week? Here is the news: The "talk" is all about the 5 nearly new or new specs on the nort=-end now pending in the $3.5-$4.4 range.

Sanford. The receiver still seems stuck on $1.550. I came up to $1.3= I think this is a fair deal at $1.4 so I am waiting another week before i=creasing the offer to $1.35.

410 N Lake Way I would like to make a $3.95 offer, as is, fast close= Jim McCann indicates there is nothing else in sight and this may be the t=me.

1230 S Ocean. The broker calls me twice a week to solicit an offer o= $5. (This is not listed and $2 million of renovations would be required t= maximize its value.) After renovation, though, I think it could be market-d in the $9s. I looked at Carroll Petrie's house at 109 Jungle which i= on for $10.6 which is over decorated but significantly smaller (6600 sf v=10,000+sf) and on a smaller lot Link:

=ttp://fiteshavell.com/palm-beach-homes/palm-beach-real-estate/search-palm--each-real-
estate.html#PropertyID=23083370 <http://fiteshavell.com/palm-beach-homes/palm-beach-real-estate/s=arch-palm-
beach-real-estate.html#PropertyID=23083370>

Most brokers think this will sell for $9.

I also like 202 Indian. This comes with an "extra" lot (75-by 130) and if that lot were sold separately, the house would still be on =07 by 130. The house has been on for over 2 years in an estate - originall= at $10+. It has 8300 sf under air. It needs cosmetics and tweaking but af=erwards (even on the smaller lot), I think can be sold for $5 based on the recent pendings. The negative is that it is on the far north end. I would =e very comfortable offering $4.Link:

=http://fiteshavell.com/palm-beach-homes/palm-beach-real-estate/search-palm-=each-real-estate.html#PropertyID=12085394 http://fiteshavell.com/palm-beach-homes/palm-beach-real-estate/s=arch-palm-beach-real-estate.html#PropertyID=12085394

Pat Ligouri calls daily. McKinney's loan is maturing. He is (and has been for 3+ weeks) in heavy negotiation with a buyer who it seems is just under $15. Pat is trying to get an offer in the $15s.

McCann says "now is the time" on Swanson's 1220. He must be seating. I think anything close to taking him out would work.

If you can talk about these in the next week or two, I'd like to pursue=one. My first choice is 410.

Paul

ny friday.