News about properties and real estate
When is a condo not a condo? [South Florida] Condo-hotel sales have been slow at the Penguin in South Beach. Is it real estate, or is it an investment? Owner Markus Friedli is thinking the latter. Owner Markus Friedli says he is quite pleased with the Penguin Hotel after three years of rising room rates …
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Low-cost rentals evaporate, displacing seniors, disabled Waiting lists for homes, apartments grow as opportunities lag Ella Gerrity moved into a $160-per-month studio apartment at Imperial Towers when Jimmy Carter was president and Titusville had about 30,000 residents. She never dreamed that, at age 101, she’d be packing china and looking for a new apartment as …
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Supersize It [Nashville] In Florida they’re called yucko stuccos. Other parts of the country refer to them as McMansions, megamansions, lot hogs, starter castles or Taj Mahals. These are the big box houses springing up all over the country courtesy of a phenomenon known as the tear-down. Just take a drive through the residential sectors …
Worries creep into commercial lending [Southern California] O.C. is in a strong position, but there are some fears about borrowers defaulting. Commercial lending is booming as developers rush to keep pace with the demand for office buildings and malls, but some lenders are starting to worry. Lenders and investors in mortgages are losing their enthusiasm …
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Boca condo conversion [South Florida] Frustrated by the snail’s pace of Eden Condominium construction, city officials will not rule out requiring that the community be demolished if the apartment-to-condo conversion continues to drag on. “Obviously, for a variety of reasons, we would like to see it finished,” said Jorge Camejo, Boca Raton’s director of development …
SBS Tower highlights office-condo trends [South Florida] Apartment rental buildings are being turned into condominiums at breakneck speed, but offices are being converted as well. A Coconut Grove office building may be the biggest office-condo conversion yet. A high-rise in Coconut Grove is slated to be turned into office-condominiums, in a deal that appears to …
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