News about properties and real estate
Business: Developer to cut ties with snake-bit center [South Florida] Developer Ken Morin has made millions on other local projects. But he’s lost millions on Walter’s Crossing. Walter’s Crossing shopping center owns an enviable location at Interstate 275 and Dale Mabry Highway and has strong sales at its anchor stores, Target and the Wild Oats …
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No vacancy is a sign of the times for offices, apartments in S. Florida [South Florida] If you’re looking for an office, apartment or warehouse, be patient. It could take awhile. Broward and Palm Beach counties sport some of the lowest vacancies nationwide in those three real estate sectors, according to a study released this …
Apartments turned into condos now a tough sell [Pheonix Arizona] Developers are delaying or dumping plans to convert some Phoenix-area apartment complexes into condominiums. A year after they pulled more than 7,000 apartments off the market, condo converters are finding that buyers in many areas are not interested in paying top dollar for a refurbished …
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Sheraton stays open for now [South Florida] Demolition of the Sheraton Bal Harbour will wait until next year as developers shuffle their plans for a condominium and resort complex, an executive said Wednesday. The Sheraton Bal Harbour gets a reprieve as developers hold off demolishing the resort to make way for condos. A cooling real …
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Country Condos [Louisiana] A Harahan country club plays another round with City Council over development on its riverside golf course The answers are: 300 units and 11 stories. The questions have been on the minds of many Harahan residents for more than two years: How many stories and how many condos are planned for the …
‘Spoiled rich kid’ developer says he’s no devil, but cares At 33, the self-assured British-born Thanos Papalexis harbors no illusions about who he is. Units he is buying for $350,000 to $600,000 will be reconfigured and resold for $1.5 million to $2 million, with an expansive penthouse being reserved for a buyer who truly believes …
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