News about properties and real estate
Marriott buying Marco Radisson for condos Attorneys representing an investment trust have requested permission for resort to be converted to a condo building taller than Marco’s limit of 150 feet The 233-room Radisson Suite Beach Resort on Marco Island has a new owner — Marriott Vacation Club International is buying it for $58 million. Boykin …
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A Resurgence in the Bronx Is Finally Putting the Grand Back in the Concourse During one of the Grand Concourse’s low points, in the 1960’s, the city’s Parks Department decided not to replant grass in the boulevard’s median. Instead, it poured cement and painted it green. It was an indignity for a street that had …
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Fewer ‘for rent’ signs in Orlando A survey shows 5,041 vacant apartments in Metro Orlando, the smallest total since 1998. Finding a vacant apartment in Metro Orlando is harder now than at any time since 1998, as thousands of condo conversions and scarce construction have squeezed the vacancy rate to another record low. “If you’re …
South Floridians troubled by higher rents After just a year in their two-bedroom apartment in Plantation, Carl and Pascale Desir were told their rent would go up by $250, to $1,150. So they moved into a one-bedroom in North Lauderdale. They’re now thinking about leaving Florida altogether. ”We had to go smaller to stay in …
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Full-court press vs. poor tenants Landlord buys rundown buildings then goes after regulated apartments The Pinnacle Group LLC has filed more than 5,000 Housing Court eviction actions in the past two years, court records obtained by the Daily News show. That’s an average of one court action for every four units that the company owns …
Reconversion: Apartments for rent For anyone not convinced that the housing market has lost some pep, now there’s this: A growing number of the “condo conversions” that eroded South Florida’s supply of rental housing during the past two years are reopening their doors to renters.