News about properties and real estate
Potential foreclosures climb as housing market cools [South Florida] There’s trouble in the bubble. After three years of rapidly inflating real estate, loose credit and dicey financing, the number of court filings notifying Palm Beach County property owners they are facing foreclosure is rising. Martin County’s pre-foreclosure filings are at their highest level since February …
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Freedom Village sold for $95M A Tennessee company has bought a bigger chunk of the area’s retirement-care market with the $95 million purchase of Freedom Village. American Retirement Corp., backed by a real estate investment fund, entered an agreement to buy the retirement community near Blake Medical Center from Westport Senior Living. The move further …
Possible flood-map changes stir anxiety [Orlando] Worried how changes to flood maps could affect them, about 100 Seminole County homeowners gathered Wednesday night to get more information from federal and local officials. It’s a process that will be repeated around Central Florida as the federal government, using new technology, spends $1 billion to redraw the …
KB Home bets on Stewart, New Orleans KB Home bets on Stewart, New Orleans It’s 10:30 p.m. in Paris, and Bruce Karatz, CEO of home builder KB Home (KBH) , has just finished dining with Yves Carcelle, CEO of the Louis Vuitton luxury brand, at the George V hotel. Karatz is in town for the …
Eager buyers keep eye on Holiday Isle resort deal The pending sale of Islamorada’s Holiday Isle may be stalled, but other potential buyers are eager to swoop in. Either way, this might be its last spring break, since a luxury rebuild is a likely outcome. Four would-be buyers are hovering around the troubled sales talks …
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Charles Kovaleski: Is it too late for investing in Florida real estate? Close to one in four pieces of property sold in the past year were bought by investment buyers, according to the National Association of Realtors (NAR). And for these buyers, the payoff has been huge: Investment properties have increased in value 25.4 percent …