News about properties and real estate
This is going to be exciting! There is nothing more exciting than talking about numbers, budgets and statistics to get everyone hanging on the edge of their seats … or the abyss to boredom. End sarcasm here. One of the more consistent questions asked by real estate consumers is, what exactly is included in the …
Continue reading “Chris Griffith: Making sense of condo maintenance fees”
The creators of a new and unusual downtown condominium project have only the very neighborly in mind. The co-owners of Walnut Commons aren’t looking for neighbors interested in just borrowing a cup of sugar or waving “hello” as they pull out of their driveways. Walnut Commons is a proposed cohousing community that would include 19-21 …
A lender has filed foreclosure against CityPlace, the high-profile shopping complex that’s facing financial woes in spite of its high occupancy.CityPlace fell behind on its $150 million loan in March, and an entity affiliated with LNR Partners of Miami Beach on Thursday filed a foreclosure suit in Palm Beach County Circuit Court. When contacted, CityPlace …
Continue reading “West Palm Beach’s CityPlace is target of foreclosure suit”
Q: If a 1985 amendment to our condominium bylaws provides for staggered terms, but our association did not hold a vote to affirm staggered terms in 2008 or any subsequent year, is our association in violation of the law if we still use staggered terms? A: Yes. Section 718.112(2)(d)1 of the Florida Condominium Act was …
Continue reading “Community Law: Owners must OK staggered terms for condo board”
Q: If a 1985 amendment to our condominium bylaws provides for staggered terms, but our association did not hold a vote to affirm staggered terms in 2008 or any subsequent year, is our association in violation of the law if we still use staggered terms? A: Yes. Section 718.112(2)(d)1 of the Florida Condominium Act was …
Continue reading “Community Law: Owners must OK staggered terms for condo board”
Homeowners facing foreclosure may take some solace in this; even West Palm Beach retail monolith CityPlace is wrestling with its lenders for a loan modification. The outdoor shopping complex, celebrated for reinventing downtown, last paid on its $150 million loan in February, sending it into 90-day delinquent status last month. Although retail occupancy remains high …