Real Estate

Real Estate

By Jordan Pandy
Courtesy of TheRealDeal

A managing director at BlackRock paid $7.3 million for a waterfront property in Jupiter‘s Admirals Cove neighborhood.

Records show 197 Spyglass LLC, a Delaware corporation that lists the New Jersey address of Rick Rieder, bought the home at 197 Spyglass Court from Justin and Robin Thorn Daniels. The sellers flipped the house in three months for a 12 percent profit.

Rieder joined New York-based BlackRock, an investment management company that has managed $8.7 trillion in assets, in 2009.

The Daniels couple, who own and operate the Jupiter-based real estate and investment holding company, Daniels Holdings, bought the home for $6.5 million in November. They listed the property this month for $7.8…

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Evidencing the utility of Waterfront Properties’ brokerage-supplied agent resources, more than a third of its 75 real estate agents were named to 2018’s Captain’s Club. Twenty-seven agents were recognized for having sold $10 million or more as an individual agent, or on average as part of a dedicated sales team. This factors in private sales, the Multiple Listing Service (“MLS”), and referral transactions.

“Data doesn’t lie,” Waterfront Owner Rob Thomson said. “Our model works for every agent willing to buy into and utilize the system. Every year we want to have more Captain’s Club members than the year before.”

Captain’s Club members cited some combination of Waterfront’s resources as fundamental to their impressive year. Principal among those…

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