News about properties and real estate
Run-down complex will go condo [Central Florida] Families who thought homeownership was out of their financial reach may have a chance to buy a place for less than half the average price of a new home in Lake County. The City Commission has agreed to spend $2 million to renovate the run-down Kristen Court apartment …
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Towers can’t dig out of hole [Northern California] It’s just a hole in the ground near the Sacramento River right now. But to get an idea of what might be built where John Saca tried and failed to erect two 53-story high-rises, look 2,700 miles east to the banks of the Potomac. That’s where CIM …
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Tax Benefit Falls From Favor Some smaller real-estate investors are turning away from a popular tax-deferral strategy that has attracted scrutiny after fraud allegations. A number of investors had already started to reject the option out of concern about another problem: high prices for commercial properties. The so-called 1031 exchange strategy allows participants to defer, …
Glen Burnie family wins the right to return home [Maryland] Virtually homeless for the past week, LaDonta Edwards and her three children just want to go home. Mired in a vicious lawsuit with two business associates she claims perpetrated a “foreclosure rescue scam,” she found four police officers and sheriff’s deputies at her Glen Burnie …
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Boca Developers ponders bulk sale at three projects Sign of the times: In a bid to unload unsold inventory, Boca Developers is contemplating a bulk sale at three of its projects. Boca Developers is considering a bulk sale of unsold units at three South Florida projects, in a proposed deal that shows how builders are …
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Tax relief may work against real estate vultures [Florida] For two years Magdiel Guillemi watched the condominium towers go up across South Florida and waited for his chance to buy in. Now the 25-year-old aluminum company executive thinks his time has arrived. With the housing market stuck in slow motion, more and more condos nearing …
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