News about properties and real estate
Condo builders: Deposits back soon [South Florida] Still debating which New Year’s resolution to keep through next week? Developers of two unbuilt West Palm Beach condo projects have their resolutions already lined up: We promise to give buyers back their deposits … soon. During the past month, buyers in the Opera Place and Palladio Terrace …
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What’s Become Of The Condo Conversion? Two years ago one of the easiest ways to make big money in America was to convert apartments into condominiums. The housing slowdown has taken a toll, pruning profits and thinning out herds of condo buyers so much that many converted properties are reverting to apartments. But conversions still …
Builder aims to complete a vision [South Florida] A developer who snapped up seven acres near the center of Coral Gables is banking on the spirit of city founder George Merrick to propel a new residential project. How do you buy seven acres near Coral Gables’ densely developed Miracle Mile? ”You do it very quietly,” …
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You can still make money in real estate You wouldn’t believe Boyd Watkins is a millionaire from his small, slightly run-down house in Burien, but this is just one of 180 houses he owns. Boyd is the king of real estate repo. He buys repossessed properties at government auctions. Within a few years of starting …
Condo complex goes back to lender [Southern California] A 280-unit Oceanside condominium complex from one of the county’s most prolific condo converters has been taken over by its largest lender. Developer Maisel-Presley agreed to hand the keys to the River Oaks project over to Bank of America last month after the bank initiated a foreclosure …
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Orlando homes sell at rate shy of record [Central Florida] The area still saw its 2nd-best year, with more transactions in 2006 than in ’04. Orlando’s hot housing market lost much of its spark in the second half of 2006, though the year still wound up as the second-best on record for local existing-home sales. …
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