News about properties and real estate
Kara Homes seeks $5M loan to keep operating Bankrupt builder Kara Homes Inc. wants to borrow $5 million from a hedge fund, money that the company would use to stay afloat and finish the construction of some homes that are close to completion. The loan from Plainfield Special Situations Master Fund Ltd., a hedge fund …
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How about a college education with your new condo? A slow market has developers offering everything from shopping sprees to new cars to vacations. When Karen Nisius was considering buying a new two-bedroom condominium at Toscano in Kendall, one of the deciding factors was a $5,000 shopping spree offered by the developer, Fairfield Residential. ”I …
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Condo builders: Deposits back soon [South Florida] Still debating which New Year’s resolution to keep through next week? Developers of two unbuilt West Palm Beach condo projects have their resolutions already lined up: We promise to give buyers back their deposits … soon. During the past month, buyers in the Opera Place and Palladio Terrace …
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What’s Become Of The Condo Conversion? Two years ago one of the easiest ways to make big money in America was to convert apartments into condominiums. The housing slowdown has taken a toll, pruning profits and thinning out herds of condo buyers so much that many converted properties are reverting to apartments. But conversions still …
Builder aims to complete a vision [South Florida] A developer who snapped up seven acres near the center of Coral Gables is banking on the spirit of city founder George Merrick to propel a new residential project. How do you buy seven acres near Coral Gables’ densely developed Miracle Mile? ”You do it very quietly,” …
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You can still make money in real estate You wouldn’t believe Boyd Watkins is a millionaire from his small, slightly run-down house in Burien, but this is just one of 180 houses he owns. Boyd is the king of real estate repo. He buys repossessed properties at government auctions. Within a few years of starting …