News about properties and real estate
For home buyers, rock bottom prices tough to pinpoint The explanation for a surge in sales of South Florida homes last month can be found in a one-bedroom condo on the 29th floor of a Brickell Avenue condo tower. The Club at Brickell Bay unit sold in 2006 for $410,000. Five days after real estate …
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Spotlight – Seeking a Monaco on Biscayne Bay [South Florida] All across Miami, images of the real estate bust are on display — in the empty condominium towers, the for-sale signs and the posted foreclosure notices. But on Watson Island, a diamond-shaped piece of land between downtown Miami and South Beach, there are big plans …
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Real estate: Market ripe for those looking for investment properties Today’s real estate market represents a tremendous opportunity for buyers who would buy a home, condo, or duplex as an investment. Interest rates are low, values are excellent, and demand for rentals in strong. Advertisement It is an excellent way to fund a college education …
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Screws tighten on Kelly and Sarasota Bayside Beset by bank debt and eroding property values here and abroad, Irish developer and Sarasota Quay owner Patrick Kelly is contemplating filing for bankruptcy protection. Kelly’s dilemma marks the largest example to date of how the global economic crisis is seeping into Southwest Florida. While such a move …
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Clearwater house flipper Mark Lepzinski gets 13 months in prison for mortgage fraud Calling him “a good example of why we are in an economic crisis,” a federal judge on Thursday sentenced Clearwater house flipper Mark Lepzinski to 13 months in prison for lying on applications for loans he knew he couldn’t afford. “It’s simple …
As real estate prices plunge across the country, investor Judah Hertz says he’s happy in low-key New Orleans In the years before Hurricane Katrina, Judah Hertz made a great wager on New Orleans. The California real estate investor bought four major office buildings downtown, transforming himself almost overnight into the Central Business District’s dominant landlord. …