News about properties and real estate
Sellers of South Florida condominiums, buffeted by the devastating housing downturn, are bracing for another blow caused by prospective buyers’ problems getting mortgages. Buyers who want loans backed by the Federal Housing Administration are being shut out of buildings that no longer qualify for FHA financing. That likely will slow the region’s recovering condo market …
Continue reading “Condos: Buyers needing FHA loans shut out of buildings”
Kern farmland has become one of the county’s hottest investments, due in part to broadly higher commodity prices and growing demand for land with vested water rights.People in the industry say large farming companies are taking advantage of low interest rates and bidding against institutional investors with few other attractive options for earning income.While some …
Continue reading “Farmers, outside investors bid up local ag land”
Osprey Cove, a condominium in Estero, was dealing with a wave of foreclosures that cut off maintenance fees from many of its units. The community’s property manager, Hayden & Associates, had to deal with “huge delinquencies” and traditional ways of dealing with them weren’t promising, Ken Hayden said. “You throw them in the collections meat …
South Florida is about to go from condo bust to apartment boom.Developers are set to kick off a new round of housing construction with plans to build more than 4,000 rental apartments. Five years have passed since the collapse of the housing market brought an end to the condo construction craze that swept the region.Two …
Continue reading “Apartment construction set to sweep Broward and Palm Beach counties”
The market for luxury goods is in full-fledged revival mode, and that includes high-end city real estate — apartments and townhouses in the $5 million-plus range. After plunging 30% from peak to trough, luxury-home prices in many big urban markets are back on the rise. Unit sales in Manhattan, Miami and San Francisco are up …
Peter Flotz believes in bringing the personal touch to business. It’s not unheard of him, for instance, to walk into meetings for multi-million dollar development projects bearing a box of his mother’s cookies. That personal touch has helped him forge successful partnerships, he says, but has also hurt as he has sometimes let his heart …
Continue reading “Big hearted developer has big plans for Melbourne skyline”