News about properties and real estate
Spotlight – Seeking a Monaco on Biscayne Bay [South Florida] All across Miami, images of the real estate bust are on display — in the empty condominium towers, the for-sale signs and the posted foreclosure notices. But on Watson Island, a diamond-shaped piece of land between downtown Miami and South Beach, there are big plans …
Continue reading “Spotlight – Seeking a Monaco on Biscayne Bay [South Florida]”
Foreclosure Program Moves Forward With hundreds of homes currently in foreclosure in Hernando County, it didn’t take much impetus for county commissioners to green-light a program designed to help alleviate the situation. The board voted unanimously Tuesday to move forward with a Neighborhood Stabilization Program (NSP) that allows the county to access federal money that …
Miami Condo Colossus Is Monument to Excess Icon Brickell, a new condominium complex in downtown Miami, was intended to be Jorge Perez’s answer to the Time Warner Center, the massive mixed-use building developed in Manhattan by his longtime business associate, Stephen M. Ross. Mr. Perez, the chairman of the Related Group (an affiliate of Mr. …
Continue reading “Miami Condo Colossus Is Monument to Excess”
Sink or swim [Southern California] Merchants at the eclectic Seaport Village shopping complex are seeing something they’ve rarely seen amid the T-shirt shops and jewelry stores: empty storefronts and liquidation signs. There’s the shop near the waterfront that once housed The Cabbage Tree. Its owners recently took the “midnight run” – emptying the gift store …
Once high-flying South Florida developer’s properties now unfinished, derelict Glenn Wright’s fortunes soared with the city’s hunger for luxury real estate. His two-story Georgian homes rose up in older neighborhoods, much to the chagrin of residents who derided them as “McMansions.” But the developer who once was one of the biggest names in high-end Fort …
Continue reading “Once high-flying South Florida developer’s properties now unfinished, derelict”
Suffering St. Lucie County called a ‘disaster’ area With unoccupied homes and families in distress, a St. Lucie County leader wants to declare a state of emergency to release $17.5 million in reserve funds. The Baehrs — Derek, Kellyanne and their two young daughters — are five months behind on their mortgage payments. They sometimes …
Continue reading “Suffering St. Lucie County called a ‘disaster’ area”