Condo security: South Florida HOA to use fingerprinting device for access to clubhouse, block access to delinquents – South Florida Sun-Sentinel.com Several weeks ago, Lynn Penedo’s condominium association installed an electronic fingerprint-scanning device outside her building’s multimillion-dollar community clubhouse. Now she refuses to use it because she fears identity theft.The association says it’s all about …
Category Archives: Commercial Properties
Apthorp Rentals Raise Questions [New York City]
Apthorp Rentals Raise Questions [New York City] Some recent condominium buyers at Manhattan’s famed Apthorp building are looking to rent their newly purchased apartments, a move that may conflict with their signed declarations to use the apartments as their own residencies. The effort by some owners to rent out their condos could spark additional scrutiny …
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Israelis, Venezuelans buy condos as homes, investments
Israelis, Venezuelans buy condos as homes, investments. Many of the international buyers scooping up condos in South Florida’s top bayfront communities are buying to occupy part-time, brokers say, but many would consider a future sale at a profit. Where these buyers decide to purchase depends in part to the condominium’s location, as some are more …
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Dolphin Tower’s troubles stack up [South Florida]
Dolphin Tower’s troubles stack up [South Florida] Amid the discovery of still more concrete problems at Dolphin Tower, it appears that more money and more time will be needed to repair the damaged 15-story condo building. Just as vexing to displaced residents, though, are signals that Great American Insurance Co., of Ohio, intends to deny …
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Commercial Real Estate Borrowers Joint the Ranks of Strategic Defaulters
Commercial Real Estate Borrowers Joint the Ranks of Strategic Defaulters I can understand why the REITs like this–free cash flow! But I can’t understand how it’s a good strategy for the borrowers. Commercial mortgages are a highly leveraged business, and if one of these guys came to me asking for more loans, after he stuck …
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After the craze: Condo conversions leave fractured communities
After the craze: Condo conversions leave fractured communities Michael Jacob was living at the Monterra apartments in Bonita Springs in 2006 when the wave of condo conversions came through. Jacob, and everyone else in the 244-unit complex, was told by management to leave if they didn’t want to pay the sky-high price to buy – …
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