News about properties and real estate
Buddy LeRoux; was part owner of Sox, real estate baron; at 77 Buddy LeRoux, who rose from team trainer to part owner of the Boston Red Sox in the 1970s and 1980s, died of natural causes Monday night. He was 77. Often a controversial figure in Boston sports – both with the Red Sox and …
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Like the housing market, the commercial market is waning The commercial real estate market follows the residential market by 12 to 18 months, according to conventional wisdom. Those 12 to 18 months ended in early 2007. And like the residential market, Southwest Florida’s commercial real estate market has begun to slide. Both the total number …
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Palmer Crossing sold for $57 million [South Florida] Sarasota developers William Saba and Thomas F. Kelly closed a whopper of a commercial real estate deal last week when they sold the Palmer Crossing Shopping Center to a Tampa investment group for $57 million. The price comes to $300 per square foot for the 147,000 square …
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Credit Downturn Hits the Malls The credit crunch triggered by the downturn in the housing market is creating problems in commercial real estate, driving down prices of office buildings, shopping malls and apartment complexes, and leaving some owners scrambling for cash. One victim is Centro Properties Group, the fifth-largest owner of shopping centers in the …
Option ARMs: Next Weakling The Bush administration is pushing its plan to help subprime borrowers whose loans are due to reset to higher interest rates next year. But left out of the mix are hundreds of thousands of borrowers with good credit who could face sharp increases in their payments. These homeowners could be the …
Georgia real estate firm buys Southside office complex Georgia-based Melaver Inc. has purchased an office building at 2101 Highland Ave. on Birmingham’s Southside. Melaver, a sustainable real estate developer, is based in Savannah, Ga., and has an office in Birmingham. The company said in a news release this is the third property in its Birmingham …
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