News about properties and real estate
New York firm pays $20 million for Vero apartment complex [South Florida] A New York real estate firm has purchased the Walker Woods apartment complex in Vero Beach for $19.72 million. Benchmark Properties Management Corp., managed by Clarke Narins, acquired the 29.18-acre property at 2898 71st Circle from Altamonte Springs-based Walker Woods Inc., public records …
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Condo conundrum: Insurance costly, elusive With two consecutive hyperactive hurricane seasons, local condo associations often find that their single biggest expense is hurricane insurance, not the cost of operating and maintaining their facilities. And even though Bradenton has been spared a direct hit the last two seasons, finding an insurance carrier willing to write a …
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Where water sells [Central Florida] For Karen Woods, it’s all about location. She remembered a real-estate expert telling her: “If you’re going to invest in property, buy on water. God only made so much of it.” That’s why the 40-year-old Clermont woman and her husband, Jim, recently paid $450,000 for a condominium along the Indian …
A Place for an Energetic Little Boy After Hudson Lee was born — yes, he was named for the Hudson River — his parents knew they couldn’t remain in their small, noisy, roach-ridden Inwood rental for much longer. All they needed was a great deal: someplace clean, quiet, big enough for an energetic little boy, …
Businesses lose property insurance [South Florida] Business owners in Gulf Breeze may want to head for higher ground if the property insurance market for the area remains the same. Some carriers are refusing to renew commercial insurance policies or write new ones. “I had a commercial wind policy and it will not be renewed. I …
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Absentee owners investing in O.C. [Southern California] The true role of real-estate investors in the Orange County housing market is tricky to gauge. One accounting of their activity – tracking folks who buy property but send the tax bills to another address – shows that these sales continue to be strong. In 2005, market watcher …
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