News about properties and real estate
Publix real estate: Where flipping is a pleasure Looking to get rich quick in real estate? Forget flipping condos or snapping up fixer-uppers – that’s so 2004. The real action these days is in Publix-anchored shopping centers, which have been soaring in value even as home prices have slumped. For the latest example, look at …
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Towers developer defaults on loan [Southern California] Developer John Saca Wednesday said he has defaulted on a $22 million loan he used to buy the downtown land where he broke ground last year for two 53-story condominium and hotel towers. The default — the first step in a foreclosure — doesn’t necessarily mean the development …
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Investors see fast-bucks plan unravel Investment firm helped many join CCI home-building deal Hundreds turned out to a Long Island Marriott Hotel to hear one of several presentations that led many northeastern investors into perhaps the biggest financial catastrophe of their lives. So many people showed up for the monthly meeting of the Long Island …
Even reluctant landlords can reap tax breaks Perhaps you’re a reluctant landlord. Caught in the housing downturn and unable to sell your house or condo at a decent price in 2006, you may have decided to rent out the property. Now, at tax time, you are left with a jumble of rules you never encountered …
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St. Petersburg-based firm sees opportunity in S. Florida shopping centers There’s not much room to build shopping centers in South Florida. But one newcomer is squeezing its way into the crowded retail market with four new projects that aim to give local consumers convenient places to shop and do their dry cleaning and banking. The …
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Apt. Market In Flux: After Strong 2006, Competition’s Rising Apartment owners just enjoyed one of their best years in recent memory. But growing competition for renters could inflict short-term pain on the industry. Rents rose 4% last year nationwide, the biggest jump since 2000, when the dot-com boom’s job-creation juggernaut contributed to an 8% increase …
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