News about properties and real estate
A Florida City Awaits the Payoff From Its Bet on Condos – New York Times As the stepchild to its more beautiful sisters in southwest Florida, Naples and Sarasota, this city has struggled for decades to revitalize its picturesque downtown and attract snowbirds and tourists. With low-rise buildings dating back to the 1800’s, the city …
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The little house that could keeps paying off When Andrew isn’t managing his investment portfolio and his substantial charitable donations, he enjoys cooking delectable souffles and working in the lush backyard of the home he shares with his partner. At 55, the soft-spoken gent is already retired and now lives mostly off a trust created …
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Sellers juggle mortgages in tough market Sellers juggle mortgages in tough market. Attorneys Katie and Paul Bergstrom never expected to be shoveling snow this winter at their previous home in St. Paul’s Cathedral Hill neighborhood. Last September, they moved into their dream home on St. Paul’s historic Summit Avenue. But the Cathedral Hill home still …
Blumberg fund to sell Brickell office tower An investment fund run by prominent real estate investor Philip Blumberg, who is facing drug possession charges, is selling a 15-story office tower on Brickell Avenue for more than $60 million, part of the fund’s strategy to take profits amid the hot commercial real estate market. American Ventures …
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Longtime area homeowners can’t afford to move Fast-rising home prices make it just as difficult to relocate in Southwest Florida as it is to buy a home for the first time. “I have been in my Cape Coral home 24 years,” said Carol Glazer, who opted for a major renovation over a move. She couldn’t …
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Boom or thud? [California] As mega-malls land in established communities, homeowners wonder what it means for them. From his home in the Adams Hill neighborhood, Richard Horgan has a sweeping view of downtown Glendale framed by the Verdugo Mountains. It’s a lovely panorama — one that’s about to change. In the coming months, a $264-million …