News about properties and real estate
Guess this buyer saw a golden opportunity On Monday, Realtor Kim Ogilvie closed a deal with a very interesting twist. A golden one to be exact. The buyer of a downtown Sarasota residence that sold for more than $1 million brought a briefcase filled with $400,000 worth of South African Krugerrands to the closing — …
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Strip’s vaunted condo-hotels losing their luster [Las Vegas] Like some Vegas act that landed with big expectations but is struggling to gain traction, condo-hotels are having a tough time on the Strip. When they made their appearance here, these hotel-affiliated condominiums that can be rented by their owners as hotel rooms were pitched as a …
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Restaurant properties: Are they still in demand? [South Florida] What’s the outlook for restaurant properties? Two brokers, Richard Ruvo of Port St. Lucie-based All Florida GMAC and Jim Traina of Americas Realty in Stuart, offered their perspective. Q. Are restaurant listings up? Ruvo. There are a lot more restaurants on the market now. I’d say …
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Condo crunch in S. Florida good news for bargain hunters The glut of condominiums for sale in South Florida is attracting a legion of bargain hunters. Out-of-state and international buyers are descending on the area in search of deep discounts as prices continue to crater. They want to get in now and wait out the …
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Home Buyers, Start Your Engines If you were thinking of buying a home, start looking. The latest data from the housing market shows that sellers, after months and years in denial, are finally giving in to reality and slashing prices. There is a distance still to go. There may even be a lot to go. …
Even top commercial properties are suffering from market crisis [South Florida] Even top-tier properties are showing they’re vulnerable to turmoil in the residential real estate industry. The owners of prime properties in Aventura and the West Brickell area of Miami are the latest to feel the financial pain. Lehman Brothers Holdings is suing developer Shefaor/Tarragon …
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