News about properties and real estate
Complex owners’ dilemma: Condos or apartments? [South Florida] With the real estate market showing little signs of revival, some condo converters are facing this dilemma: Should I keep trying to sell these units as condos, or just give up and go back to apartments? The owner of the 450-unit Mizner Court at Broken Sound will …
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Moving here? Good luck finding an apartment [Central Florida] When Cynthia Valentin and her three children moved from Reading, Pa., to Orlando, she needed two things quickly: a place to live and a job. With a 3.2 percent unemployment rate, the job was a snap. But finding an apartment took several frustrating weeks. “Everything was …
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An Investors’ Dream or Just a Mirage? [Southern California] Ashraf Fahim insists he is not a gambler. Yet when he decided to begin betting on real estate, he headed straight to the high-stakes table in California’s remote desert. Two years ago, as some experts cautioned that soaring housing prices were creating a market bubble, the …
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St. Joe to stop building houses [South Florida] Evidence is mounting that the downturn in Florida’s real estate market may be broader than experts had expected. St. Joe Co., the largest private landowner in Florida, is exiting the homebuilding business in the state. Giant homebuilder Lennar Corp. of Miami is reducing its third-quarter earnings estimates. …
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Boca firm trying to buy 30 properties from Sizeler [South Florida] Sizeler Property Investors Inc. is no stranger to bruising shareholder fights. Only last year, the Louisiana-based real estate investment trust with a West Palm Beach office jumped into the ring with dissidents looking for seats on its board. The new battle it faces is …
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Un-Real Estate [Yellowstone WY] “Is the Jackson Hole real estate market hot?” Ron Miller ponders the question. “I can’t answer that. There are niches. With my condos at the Village, I’m swatting buyers off. But my place at Indian Trails, I can’t find a buyer.” Miller, the responsible broker for the Jackson Hole Real Estate …