Condo, insurer duel over storm costs Nearly two years after Hurricane Wilma blew out windows and buckled walls at the Chalfonte Condominium in Boca Raton, residents of the 21-story twin towers are still waiting for their insurance company to pay them for the roughly $13 million they spent on repairs. On Monday, they took their …
Monthly Archives: August 2007
WCI’s Financial Fortune Is Staked To Condo Tower In Miami [South Florida]
WCI’s Financial Fortune Is Staked To Condo Tower In Miami [South Florida] One Bal Harbour may look like just another sign of excess in Miami’s oversaturated condo market, but to developer WCI Communities ( WCI) the luxury tower represents crucial cash. The Bonita Springs, Fla.-based developer is counting on sales of 185 condos and 115 …
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Bradenton builder stays busy in down market [South Florida]
Bradenton builder stays busy in down market [South Florida] At a time when several small- to medium-sized regional home builders have hit rough patches or simply folded, Bradenton’s Gibraltar Homes seems to have weathered the storm of real estate’s big downturn. Albert Sanchez, Gibraltar’s president and owner, sees an improving housing market ahead. He thinks …
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Official knee-deep in debt [Tampa Bay Area]
Official knee-deep in debt [Tampa Bay Area] Already facing the challenges of a lengthy 2008 presidential ballot, the retooling of his office’s voting system and his own re-election campaign, Hillsborough Elections Supervisor Buddy Johnson has chosen this year to revamp entirely his finances and his living arrangements. In the last eight months, he has sold …
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Home appraisals defy the market [South Florida]
Home appraisals defy the market [South Florida] Despite a collapsing real estate market, appraisers determined that the value of a surprising 48 percent of homes actually went up in Manatee, Sarasota and Charlotte counties. In Manatee County, 85 percent of single-family homes built before 2006 rose in value, while 39 percent of similar properties in …
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Home buyers wait years, but lots are still empty
Home buyers wait years, but lots are still empty Minh-H-Nguyen and her husband, Ha Ngoc Nguyen, took out a loan for a down payment on a “dream home” in Lake County two years ago after being dazzled by pictures of a sprawling house with a screened pool. “The dream has not come true,” said Minh-H-Nguyen, …
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