News about properties and real estate
Shopping centers are now going up — and up [South Florida] Some of South Florida’s strip shopping centers are prime candidates for vertical, mixed-use remakes. But some developers want to wait out the slowdown in the condo market. Take a good look at the giant asphalt parking lots in front of South Florida’s strip shopping …
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Forced-out tenants could see more money Ann Silver’s landlord must pay her $500 to move out of the apartment she’s lived in for nearly 16 years — an apartment that’s about to become a condo. But if her landlord knocked down the building and built a new condominium tower, rather than converting the apartments, Silver …
17 houses in Pine Hills: A story of race in Orlando [Central Florida] Ferdinand Drive is a short street of 17 houses in the most diverse, most dynamic, most maligned area in Metro Orlando: Pine Hills. The history of Pine Hills is the story of race in Orlando, what this city used to be and …
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Banks help keep borrowers afloat Andy Hallmark recently faced a financial squeeze familiar to thousands of Americans: The interest rate on his home-equity line of credit (HELOC) had shot up to uncomfortably high levels. But Hallmark decided to try something other than refinancing his loan or biting the bullet and paying big mortgage bills for …
‘Conversion, reversion’ As the market skyrocketed, area apartment complexes thought they could cash-in by converting the units into condos. After stale sales and little interest, many are reverting back to rental communities. Now come the reversions. In the past year, investors have flooded the market with apartments turned condo. While sales are moving slowly at …
Real estate bust hits home for area builders, buyers [South Florida] Leonard Sondheimer knows firsthand the perils of the real estate boom. The 68-year-old — retired until he and his wife sought to diversify their investments into the Southwest Florida real estate rush — now finds himself working full time again as a mattress salesman …
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