Special report: High rise, high stakes. They’ve lost $8.65 million of their own money, but the developers of Greenbridge say they have five investors willing to help save the $56 million condominium towers from foreclosure. Three people have offered to assume the project’s loan debt and two others are willing to put up between $2 …
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South Florida home sales hit 6-year high in volume but not price
Celebrity name-dropping, Twitter contests, skywriting planes and free grub are all strategies home sellers and real estate agents are using to entice buyers to the closing table in South Florida’s oversupplied and uncertain housing market. The list of marketing gimmicks used to sell houses and condos has grown longer and more eccentric as the real …
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Condo hurricane insurance: Hurricane season should prompt insurance check
When it comes to protecting condominiums and homeowners communities from hurricanes, Florida law may not require as much property insurance as you may think – or need. These are tough times for shared communities across the state, and the notion of "going bare" — without insurance — to save on costs may sound appealing, but …
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Venice’s historic El Patio Hotel is sold
The historic El Patio Hotel in downtown Venice has been sold for $2.195 million to longtime real estate investor and restaurateur David McRae. The 16-room business at 229 W. Venice Ave. is the only remaining operational hotel in downtown Venice and is listed in the National Register of Historic Places. It was built in 1927 …
Building boom in affordable housing underway in South Florida
There’s a quiet building boom taking place in South Florida, but it’s nothing like the mid-decade condo rush that ended in an epic economic bust. The new towers going up today are not being built on the water for the affluent, but on the chipped sidewalks of gritty neighborhoods for the region’s poorest families. The …
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Homeowners build their ideal Hampton house on Siesta Key
Partners in life for 13 years and now partners in a major house-building project, interior designer Sharon Nizolek and investment banker Guy Della Penna recently finished a beautiful coastal home in Sarasota. It reminds them so much of the shingle-style homes of Newport, Cape Cod, Kennebunkport or the understated mansions in the tony villages of …
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