News about properties and real estate
When the office building at 250 Royal Palm Way came on the market in a 2010 foreclosure sale, Anthony DiTommaso and Rusty Warren, co-CEOs of Ivy Equities, saw an opportunity they couldn’t pass up. The Greenwich, Conn.-based executives, whose firm Ivy Realty, is headquartered in Montvale, N.J., entered a market they had set their sights …
Continue reading “New owners DiTommaso, Warren complete 250 Royal Palm Way renovation”
Mercedes Homes LLC, for nearly 30 years one of Brevard County’s most prominent home builders, is ending operations two years after filing for Chapter 11 bankruptcy. An outside executive management team brought in by the consortium of leading creditors from the bankruptcy case recently took over operations of the Suntree-headquartered company and announced its intentions …
When his father died last summer, editor and tax preparer Danny Marcus found himself faced with an unexpected problem: figuring out what to do with his inheritance. Marcus, 60, was both thrilled and overwhelmed by the possibilities. Should he pay off the mortgage? Buy a condo in Florida? Save more for his retirement? And if …
Continue reading “Inheritance poses investment possibilities and puzzles”
Some homeowners have had to beef up the amount of property insurance they buy to cover what they say are inflated cost estimates to rebuild their homes. It’s a double whammy for homeowners because for many, rebuilding costs didn’t go down when the economic downturn lowered construction costs over the past few years. Take John …
Continue reading “How much does it really cost to rebuild your home?”
Flush with cash from an oil boom and plentiful jobs, North Dakotans are snapping up homes 1,500 miles away in balmy Arizona, where prices have plunged since the real estate bubble burst. “It boils down to the weather and taking advantage of the market,” says real estate agent Rocky Parra of HomeSmart Realty in Gilbert, …
When Donald Soffer first visited a patch of swampy wetlands just south of the border between Dade and Broward counties, his original intent was simply to build a shopping mall. But after seeing the land, the idea came to him for an upscale community created around an expansive golf course and country club, a vision …