News about properties and real estate
As real estate market loses sizzle, landlords offer more deals [South Florida] When Denise McGill moved to Palm Beach County from rural North Carolina two years ago, she was stunned at the high cost of housing. So she found a roommate and resigned herself to renting. “In retrospect, I definitely did the right thing,” said …
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Better-heeled failing home economics too Sheriff’s Deputy Mike Strickland is a postman of bad news, delivering eviction notices in the western stretch of San Bernardino County. He is armed with a Glock .45, which he seldom draws, and Scotch tape, which he goes through in prodigious amounts while posting court orders on doors and windows. …
One house, three quick sales, one familiar link In late 2005, Barbara and Gregory Klein agreed to sell their St. Petersburg home for $535, 000 to a man who had seen their “For Sale By Owner” sign. But when the Kleins sat down to complete the deal, their copy of the closing statement showed a …
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Developer was mole for feds [Chicago] John Thomas bought and sold downtown office buildings and helped other property developers secure multimillion-dollar mortgage loans. But the high-living dealmaker had a double life. Thomas, who was convicted of federal business fraud in New York in 2004, has been serving as an undercover government mole in Chicago for …
Peebles sues for control of Royal Palm [South Florida] Don Peebles sold off most of the Royal Palm three years ago. But now he’s suing to take over the South Beach resort, saying management is ruining the hotel. Three years after giving up control of the Royal Palm Hotel in a sale, R. Donahue Peebles …
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Woman looks to diversify nest egg out of real estate As she watches the Florida real estate market soften around her, Susie Hurst is getting nervous. The 59-year-old former teacher had thought that rental income from several properties she had accumulated over the years would fund her retirement. But higher insurance costs (the result of …
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