News about properties and real estate
In Maricopa, Ariz., a Paradise Found and Lost Builders rushed into this one-time agricultural crossroads during the housing boom. They put up beige stucco houses on winding streets, with names like Heavenly Place and Good Vibrations Lane. They lured young people who couldn’t afford homes in nearby Phoenix or its costly suburbs. The population soared …
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Foreclosures spark HOA fee hikes The wave of foreclosures in Florida continues to batter condo and homeowner associations, which have been forced to cut expenses and raise fees. That’s according to a survey of 1,589 property owners released Monday by Hollywood law firm Becker & Poliakoff. Becker & Poliakoff attorney Ken Direktor points to the …
Opportunities abound for tenants, investors [Tampa Bay Area] The dynamics of Southwest Florida’s office market are delivering healthy doses of caution and opportunity alike. An abundance of new construction in recent years has supplied the region with a surplus of available space, which has affected absorption and vacancy rates already slowed by economic conditions. While …
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Expert: Foreclosures to dominate real estate in 2009 Foreclosure filings in Nevada dipped in January, but no one should take that as a sign the housing market is closing in on a recovery. Nevada continues to hold the top spot in foreclosure filings as a national push is intensifying to do something about the problem. …
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Once high-flying South Florida developer’s properties now unfinished, derelict Glenn Wright’s fortunes soared with the city’s hunger for luxury real estate. His two-story Georgian homes rose up in older neighborhoods, much to the chagrin of residents who derided them as “McMansions.” But the developer who once was one of the biggest names in high-end Fort …
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Buckley Towers wins $20M verdict [South Florida] A Miami federal court jury on Friday awarded Buckley Towers homeowners $20 million in their claim against global insurance giant QBE Insurance, one of the largest condo insurers in Florida. At issue was damage caused by Hurricane Wilma to the 40-year-old twin towers in North Miami. During the …
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