News about properties and real estate
Condo may be on city property [Tampa Bay Area] Developers have spent more than a year constructing a $100-million high-rise condominium and retail complex in downtown Clearwater. But they may be building on some city-owned property. And that isn’t good, it seems, for anyone – the developer, the city, a local church, a title insurance …
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WCI Slides After Rejecting Bid [South Florida] When billionaire activist Carl Icahn proposed a $22-a-share buyout of WCI Communities Inc., the Bonita Springs, Fla., home builder rebuffed him in hopes of finding a richer suitor. But as the housing market continues to slide, along with WCI’s stock price, it looks as if WCI should have …
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Commercial sales signal active market A spate of recent sales illustrate that while the region’s residential market remains sluggish, commercial real estate here continues to be highly sought after. The trend of recent transactions, involving nearly a half-dozen high-profile properties, also underscores how capital is still flocking to land and buildings. The transactions involve the …
Texas Resort Avoids Foreclosure A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous has filed for federal bankruptcy protection. The eight-page filing in federal court in Midland on Monday came a day before a Connecticut real estate loan company was set to foreclose on an unpaid …
The $3.6 Million Mortgage [New York City] SETH WEINSTEIN is not a guy who likes to run a tab. He has only two credit cards — one for his personal use and one for business — and he says he pays them in full each month. He even wrote a check the last time he …
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Trump withdraws offer for Running Horse [Fresno] Billionaire developer Donald Trump withdrew his bid for the bankrupt Running Horse development in Fresno on Monday, claiming that owner Mick Evans was deliberately stalling in an attempt to take over the project himself. But Trump’s withdrawal — which came in a surprise afternoon telephone call to KMJ’s …
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