News about properties and real estate
The owner of the Longboat Key Club is in talks to sell a financial stake in the tony resort that could jump-start its long-delayed $400 million redevelopment. Loeb Partners Realty is discussing a joint venture with Ocean Properties Ltd., a major hotel owner and operator whose holdings include three local properties, including the Lido Beach …
Continue reading “Longboat Key Club in talks with Ocean Properties”
Funds planning to invest more than $6 billion to buy and rent foreclosed homes are finding it easy to raise money. The difficulty is spending it. The number of low-cost foreclosed homes coming to market has dropped, bulk sales have been slow to materialize and prices are recovering in markets such as Phoenix, making it …
Continue reading “Private Equity Has Too Much Money to Spend on Homes”
Prior to selling or renting your condominium or home, can board members demand to inspect your home inside and out to make sure your property is not in violation of community rules? Can an association demand its own down payment from a potential renter or buyer? These are questions from Sun Sentinel readers. And we …
Continue reading “Can your board inspect your condo or home?”
The former owners of a key Pacific Avenue parcel leveled by the Loma Prieta earthquake have threatened to re-open a six-year-old lawsuit involving the city if they don’t receive money or property outlined in a condemnation settlement that has cost developers more than $2 million. The demand from the Lau family for $700,000 or two …
Kohlberg Kravis Roberts & Co., one of the original buyout shops, has long resisted getting into real estate. But after years of watching rivals invest billions of dollars in property, KKR finally is making its own big push. The firm’s $196 million acquisition last week of a Chicago-area shopping mall kicked off what is expected …
Scott Best turned his first home into a rental house after moving into something bigger. Now, he’s about to buy a house specifically as an investment for the first time. “The time is right, in my opinion anyway,” he said this week. “The property values are as low as they’ve been for a long time, and …