News about properties and real estate
Peebles sues for control of Royal Palm [South Florida] Don Peebles sold off most of the Royal Palm three years ago. But now he’s suing to take over the South Beach resort, saying management is ruining the hotel. Three years after giving up control of the Royal Palm Hotel in a sale, R. Donahue Peebles …
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Woman looks to diversify nest egg out of real estate As she watches the Florida real estate market soften around her, Susie Hurst is getting nervous. The 59-year-old former teacher had thought that rental income from several properties she had accumulated over the years would fund her retirement. But higher insurance costs (the result of …
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1 in 11 in Volusia, Flagler at millionaire status [Florida] They’re rich, but not famous, and that’s the way they like it. One of every 11 households in Volusia and Flagler counties has achieved millionaire status, a study has found, while 1 in every 128 has made it to the $5 million level. Research by …
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Normans’ Jupiter Island estate could fetch $30M [South Florida] In the midst of their stormy divorce, Greg and Laura Norman’s 7-acre Jupiter Island mansion, Tranquility, has hit the real estate market and could fetch as much as $30 million. If it’s not featured on the Realtors’ multiple listing service now, it will be shortly, said …
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Condo Saturation Soaks Developers [Central Florida] Condos For Sale. The loud signs flaunted from street corners across the Bay area are meant to grab the attention of potential buyers. Developers advertise slashed prices and promise flat-screen TVs and computers. They put up inflatable gorillas and even pay people to dress as superheroes at busy intersections. …
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As ‘subprime’ rates shoot up, owners despair [Central Florida] Twanda Thompson doesn’t want to lose her home. But unless she can solve her mortgage woes, she and her four children may have to start looking for an apartment. Like many would-be homeowners with below-average or poor credit, the Orlando woman took out a “subprime” mortgage …
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