As prices soar, some builders backing out of bargain contracts for new homes [South Florida] Most everything was in boxes as Dottie and Gary Sahadeo prepared to move out of their Coconut Creek home to a more spacious, custom-built house west of Boynton Beach. But with construction almost complete, the Sahadeos received an unwelcome call: …
Monthly Archives: March 2006
Developer still seeks condo units
Developer still seeks condo units A developer who began buying condominiums at Cape Coral’s Sunset Towers in the wake of Hurricane Charley is still trying to do so. But condo owners who threw up roadblocks to keep him out say they’re not budging on selling, even if work to repair damage from the 2004 hurricane …
Traps can lurk in tax savings on real estate
Traps can lurk in tax savings on real estate Tax time provides an opportunity to cash in many of the rewards of dabbling in last year’s red-hot real estate market — but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. Although the rules …
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Proposed office building sale will shatter records [New York City]
Proposed office building sale will shatter records [New York City] The owner of two of four buildings in a Harrison office park plans to spend $35.3 million — a record-breaking $219 per square foot — to acquire one of the adjacent properties. In a deal born as much by necessity as desire, Heritage Realty Services …
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Real estate firms tally up heady sales as outlook dims [Central Florida]
Real estate firms tally up heady sales as outlook dims [Central Florida] Last year may have been the pinnacle — it’s clear real estate markets are slowing — but Central Florida companies sure made hay while the sun was up. CB Richard Ellis’ Florida Multi-Housing Team handled $5.2 billion in apartment sales last year. The …
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Taking reservations [Southern California]
Taking reservations [Southern California] Just when investors thought they knew everything about vacation home purchases, along comes a brand-new way to spend lots more money. Hybrid condo-hotels — luxury hotels whose rooms or suites are sold as condominiums and are available to owners from a week to three months a year — are on their …
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