News about properties and real estate
Deal to tear down Hyatt has been called off [South Florida] A deal to tear down the 297-room Hyatt Sarasota and its connected conference space is dead, a victim of the less-than-crying need for more luxury high-rise condominiums in Southwest Florida. While it might feel like a canceled $65 million check to the hotel’s owners, …
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Make investment property pay Investing in real estate most likely won’t produce the get-rich-quick results promised by many a late-night infomercial. But for investors willing to do some homework, make a good purchase and properly manage a piece of property, the rewards can be substantial. Various strategies can be used on the road to real …
Bankruptcies likely to spike, experts warn Adjustable-rate-mortgage payments are rising, forcing unpleasant options. In the year since a tougher federal bankruptcy law took effect, personal-bankruptcy cases have plummeted, and consumers must clear more hurdles than ever to get a financial fresh start through the courts. That’s a stark contrast to previous years, when personal bankruptcies …
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All in the Family [New York City] Emily T. Frick and Dr. Henry Clay Frick II, the grandson of the legendary steel magnate, have bought a co-op at 3 East 77th Street. The $3.9 million purchase comes eight months after the couple sold their 7,000-square-foot house in Alpine, N.J., for $58 million. How does one …
Property Tax Increases Rile Renters [North Florida] The news was grim last week in the over-55 mobile home park of Crystal Lake. Rents are going up $15. But residents’ share of the property tax bill is what has them riled. “People are upset. Everyone in here is concerned with the rent increases, but the only …
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Say ‘hello’ to sane housing market If you’ve gotten the idea that the sky is falling on the real estate market, 2006 is actually one of the best years on record for home sales. The average price of both new and existing homes combined rose a healthy 8.2 percent during the second quarter of this …