Condo investors having a nightmare Dick Svelta, an investment manager with an MBA from Dartmouth and a net worth close to $10 million, liked the looks of a condominium project being built near Eau Gallie Boulevard. So much so, he took his banker up on an offer in 2004 to introduce him to the man …
Monthly Archives: June 2007
Listen Up: Four Scams That Fool New Yorkers
Listen Up: Four Scams That Fool New Yorkers Let’s not get ripped off today, okay. City dwellers pride themselves on being smart. We are not the kind of people who are going to hold money for an importunate prince in Nigeria, or to send our bank account information to some Joe who has the skills …
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Panama’s new prosperity
Panama’s new prosperity My passport says I’m writing this column from Panama, the country, not the city in the Florida panhandle. A quick auto trip to the old Panama Canal Zone to see the boats crossing the isthmus confirms I’m in the right country. Yet, I get confused when I look all across the city. …
Condo slowdown trips up bulk buyers [South Florida]
Condo slowdown trips up bulk buyers [South Florida] Back when condos were still hot, mom-and-pop investors all over South Florida waited overnight in lines that snaked around the streets just for a chance to buy in. Not the men behind The Formula, a company that bought condos in bulk directly from developers and flipped them. …
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Conversion delays ending for Boca, Palm Beach condos
Conversion delays ending for Boca, Palm Beach condos Condo converter Ceebraid-Signal promises progress in two of its troubled projects, both of which have experienced significant delays and been the subject of liens and lawsuits. Company officials say they will resume work on the long-delayed Eden Condominium project in Boca Raton next month.
Carolina Mall Owners Deal in Alleged Real Estate Scam [South Carolina]
Carolina Mall Owners Deal in Alleged Real Estate Scam [South Carolina] A failing mall in Columbia, S.C., is now under scrutiny to discover what happened to cause its fall over a 20-year time span. Now named Midtown at Forest Acres, the mall has previously been known as Richland Mall, and Richland Fashion Mall. Although the …
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