News about properties and real estate
Beverly sale closes; execs retire [Northwest Arkansas] Beverly Enterprises Inc. Chief Executive William Floyd and others retired Wednesday, a day after the company was sold, and the new owner continues to mull over the business’s future. Fort Smith-based Beverly also said Wednesday that Randy Churchey will become the new chief executive of the nursinghome company, …
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Developer follows new blueprint [South Florida] Terry Stiles is shifting his company’s focus to retail and mixed-use projects. Terry Stiles joined his father’s construction company in 1968. He didn’t make much of an impression on the office staff. “We had two carpenters, one laborer — that was me — and a 94-year-old receptionist who didn’t …
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As prices soar, some builders backing out of bargain contracts for new homes [South Florida] Most everything was in boxes as Dottie and Gary Sahadeo prepared to move out of their Coconut Creek home to a more spacious, custom-built house west of Boynton Beach. But with construction almost complete, the Sahadeos received an unwelcome call: …
Taking reservations [Southern California] Just when investors thought they knew everything about vacation home purchases, along comes a brand-new way to spend lots more money. Hybrid condo-hotels — luxury hotels whose rooms or suites are sold as condominiums and are available to owners from a week to three months a year — are on their …
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Caribbean now a real estate treasure chest The waterfront has always been the hottest bet in the real estate game and probably always will be. But a host of factors complicating development of luxury properties here on the mainland are pushing the front to places that many of us have never heard of: Canouan Island, …
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Apartment-to-condo conversions move at frenzied pace [Central Florida] The conversions are making money for some but squeezing low-income renters. Carlos Balzola is a condo converter. He came here in late 2004, fleeing Miami’s overheated condo-conversion market because “it was crazy.” He scouted Naples, Tampa and Orlando before deciding that Central Florida offered him the greatest …
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