Executive Suite Today’s Entrepreneur: Miami magnate gives city a makeover If you stand in just the right spot on the Brickell Avenue Bridge, it’s possible to think that every new building in this rapidly evolving city — every single glass-walled pillar of aspiration and ambition — belongs to one man: Jorge Perez. Of course, that’s …
Author Archives: Administrator
Condo resales turn buyer’s market
Condo resales turn buyer’s market Roughly one-third of investors who committed to downtown condo towers during Florida’s post-2000 real estate boom appear to be having buyers’ remorse. Driven by a desire to distance themselves from rampant speculation or avoid owning overpriced space, buyers are bailing from a handful of high-profile Sarasota towers. Their movement is …
Best condos restrict rentals
Best condos restrict rentals My wife and I are interested in buying a condominium for investment purposes. But the condo homeowner association tells us we cannot rent it to tenants and must keep it vacant or live in it. Can they legally impose this restriction on us? –Joe M. Yes. When you buy a condominium …
Nicaragua, the new beachfront frontier
Nicaragua, the new beachfront frontier – Los Angeles Times What second-home buyers yearn for in Central America is Costa Rica before the building boom. They want ocean views and unspoiled land, without the steep prices, crime and American fast-food chains. They want Panama before Donald Trump. Adventurous Americans, Canadians and Europeans willing to dodge livestock …
Homeowners, lawmakers gain from GOP tax reform. Is it fair? [Florida]
Homeowners, lawmakers gain from GOP tax reform. Is it fair? [Florida] The Republican House leadership says its proposal to eliminate taxes on homesteaded properties while increasing the sales tax from 6 percent to 8.5 percent is a bold attempt to address inequities dogging the current system. Critics say the proposal would hurt the poor, renters …
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Real estate fund’s manager fleeing REITs tied to apartments
Real estate fund’s manager fleeing REITs tied to apartments Kenneth Heebner, the manager of the top-performing real estate mutual fund over the last 10 years, said the economic damage from high-risk mortgage defaults is going to get worse. “We have a trillion dollars of subprime mortgages, and we’re going to have huge defaults,” Heebner, 66, …
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