Renaissance condo to assess owners Water intrusion has led to many lawsuits and a hefty assessment Now, after a series of negotiations failed to produce a settlement, and with a trial date set but still a year away, the association is taking a different tack. It has voted to fix the leaks itself by hiring …
Category Archives: Commercial Properties
Harborage condo buyers tout law in fight for deposits
Harborage condo buyers tout law in fight for deposits With no signs of a real-estate rebound in sight, a slew of buyers are trying to get out of their luxury condo contracts at Boca Raton-based Altman Development Corp.’s waterfront project in Stuart. The would-be owners of seven condos at Harborage, Altman’s 126-unit development on the …
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Why the Smart Money Rents in Miami
R.O.I. – WSJ.com Maybe the smart way to play the real-estate crash is to come down here and rent. You can live in an amazing, brand-new condo, high above Biscayne Bay, for about $2,000 a month. And there are plenty of desperate owners who need the income. The cash doesn’t come close to covering all …
Strip’s vaunted condo-hotels losing their luster [Las Vegas]
Strip’s vaunted condo-hotels losing their luster [Las Vegas] Like some Vegas act that landed with big expectations but is struggling to gain traction, condo-hotels are having a tough time on the Strip. When they made their appearance here, these hotel-affiliated condominiums that can be rented by their owners as hotel rooms were pitched as a …
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Restaurant properties: Are they still in demand? [South Florida]
Restaurant properties: Are they still in demand? [South Florida] What’s the outlook for restaurant properties? Two brokers, Richard Ruvo of Port St. Lucie-based All Florida GMAC and Jim Traina of Americas Realty in Stuart, offered their perspective. Q. Are restaurant listings up? Ruvo. There are a lot more restaurants on the market now. I’d say …
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Condo sales turn sour [South Florida]
Condo sales turn sour [South Florida] Market-distorting rebates and incentives helped move units at Vintage Grand, and banks are left with bad loans Martin Caparros was late to the party with his Vintage Grand condominium conversion project, but his sales team still managed to sell 238 units for a total of $43.4 million from January …