News about properties and real estate
Early this year, as Jorge Perez struggled to restructure more than $1.5 billion of debt on mostly vacant Florida condominium projects, doctors discovered a golf ball-sized tumor on his pancreas. “You understand how vulnerable you are,” Perez, 61, said while sitting in his Miami waterfront office, with a view of the skyline shaped by Related …
Continue reading “Miami’s ‘Condo King’ Perez Perseveres After Losses”
Iowa farmland rose in value by 13 percent in the year ending Oct. 1, stimulated by rising corn and soybean prices, according to a survey of bankers by the Federal Reserve Bank of Chicago. Iowa farm values rose by 6 percent in the period from July to October, as corn prices shot up from $3.50 …
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The public Stoneybrook Golf Course is going belly up and homeowners in the surrounding neighborhood might have to foot the bill. The course – located off Corkscrew in Estero, just south of Miromar Outlets – has been in an ongoing bankruptcy battle with the governor. For John Byrne, buying a home in Stoneybrook was an …
Continue reading “Bankruptcy battle: Golf course hoping for Rick Scott’s help”
Brilliant hotel plan goes south BOB BRILLIANT’S PLAN WAS NOT to just retire to Florida, but to take his considerable life savings and invest in a promising business that also would provide him with a job. At first, the plan seemed like a good one: A hotel with nightly rentals of apartment-like rooms near Siesta …
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Wells Fargo to aid Pick-a-Pay mortgage borrowers Wells Fargo agreed to provide about $67 million in mortgage relief to up to 700 New Jersey homeowners who have so-called Pick-a-Pay adjustable-rate mortgages, New Jersey Attorney General Paula T. Dow said today. The loans, also known as Pick-a-Payment mortgages, allowed the borrower to choose monthly mortgage payments …
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China is set to see a wave of demand for quality commercial real estate as insurance companies are allowed for the first time to invest in the sector, real-estate consultancy Jones Lang LaSalle Inc. Chief Executive Colin Dyer said Monday. In August, China’s insurance regulator announced a long-awaited revision to its rules, allowing insurance companies …
Continue reading “Insurers Are Likely to Boost China Property Demand”