News about properties and real estate
WCI’s stock decline raises question about it spurning Icahn’s offer Since billionaire investor Carl Icahn’s $22-a-share offer for WCI Communities Inc. expired in May, the luxury builder has seen its stock price fall as the housing market continues to stumble. Some question whether the company — a developer of waterfront and country club communities — …
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Housing developer’s investors ask federal court to step in [Norfolk Virginia] A half-dozen investors in CM Development have asked a federal court to force the company and its president into bankruptcy in an attempt to recoup some of the millions they’ve spent on properties across Hampton Roads. If successful, the investors’ move could spell the …
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North Port builders see grim future [South Florida] Because of the dramatic downturn in the real estate market, home builders are now replacing scrub jays as the most endangered species in this once rapidly growing city. Ignoring the laws of supply and demand, those builders churned out far more homes than were needed during the …
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How to Break Into the Housing Market, Even Now It was about as far as you could get from Jeff Langholz’s and Karen Lowell’s idea of a dream house and still have four walls and a roof: a ramshackle double-wide on a weed-infested lot in rural Monterey County. A trailer for $169,000. Was this a …
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FBI inquiry involves area home sales The FBI is investigating a convicted Florida cocaine dealer whose alleged mortgage frauds may involve homes throughout the Montgomery area and may leave investors with more than $1 million in potential losses. Federal agents received court permission earlier this year to search the offices of a real estate appraisal …
Salton City: The boom that wasn’t [San Jose] Developers still add housing the remote, inexpensive area, despite rising gas prices and mortgage rates This lakeside hamlet is about as remote as you can get in Southern California and still have plumbing and pavement. Nestled on the western shore of the Salton Sea, the town doesn’t …
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