News about properties and real estate
Two banks square off over former Steffen property The fallout continues to spread over a prominent developer shutting down operations amid financial troubles. Two banks are squaring off over the possible foreclosure and sale of a Midtown building. Business Bank of St. Louis filed suit in St. Louis County Circuit Court to prevent the sale …
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Cheap Chic: Home-Price Erosion Hits the $5 Million-Plus Market A slice of the good life — the really good life — has gotten a lot more affordable lately. From Miami to Beverly Hills, homes with bowling alleys, theaters, steam rooms, heated decks, six-bay garages and other luxury must-haves are sitting on the market for at …
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Deal maker facing criminal charges Jeffrey J. Lauro was another of those energetic builder-developer deal makers who appeared to have the knack for making millions during Southwest Florida’s real estate boom. People who met him said the 37-year-old entrepreneur was everywhere at once — planning condo projects in Deep Creek, manufactured home projects in Inverness, …
Harborage condo buyers tout law in fight for deposits With no signs of a real-estate rebound in sight, a slew of buyers are trying to get out of their luxury condo contracts at Boca Raton-based Altman Development Corp.’s waterfront project in Stuart. The would-be owners of seven condos at Harborage, Altman’s 126-unit development on the …
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Foreign Buyers Flocking to U.S. Housing Market Americans’ love affair with real estate may be cooling, but thanks to falling home prices and the weak dollar, attention is heating up from another group of suitors: foreign investors. Foreign buyers have long looked to certain U.S. markets — say, high-end properties in cosmopolitan Manhattan or sexy …
Home costs hit levels of 2004 [South Florida] Median home prices in Miami-Dade and Broward counties last month fell below $300,000 for the first time since 2004. A growing number of homes on the market, including foreclosures and properties owned by banks, plus sellers who have dropped asking prices, are contributing to the continued declines. …
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