Commercial real estate crunched The global credit crunch that has rattled financial markets over the past few weeks is finally reaching the vast commercial real estate investment and development industry in the United States. Predictions by some analysts that prices for office buildings and other commercial properties are poised to drop are sending shivers through …
Category Archives: General
In real estate? Better get a second job
In real estate? Better get a second job [Florida] Moonlighting as a waiter at Rosario’s, an Italian restaurant on the oceanfront, is no comedown for real estate agent Todd Jachim. After all, the food is great, working conditions pleasant and the owner and customers extremely nice, said Jachim, who has worked as a waiter before …
Real estate ownership has become definition of American Dream
Real estate ownership has become definition of American Dream When a press release from a frustrated young woman threatening to sue the real estate industry “for the sake of her generation” if she couldn’t get a mortgage found its way into my inbox, I was intrigued. Despite the dubious premise of her threats, Carolyn Houck, …
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Orlando’s condo boom a thing of the past
Orlando’s condo boom a thing of the past After a more than five-year frenzy, the condo-building boom in downtown Orlando has ground to a halt. A new Orlando Sentinel survey of the downtown core finds that more than two-thirds of the 40 new high- and mid-rise condo projects announced in recent years are in limbo, …
Developer of stalled Eden condos asks Boca Raton for permit extension
Developer of stalled Eden condos asks Boca Raton for permit extension [South Florida] It may be called Eden, but many say the Boca Raton condo project is nothing but trouble. Now the developer who failed to complete the luxury condos has a new plan: a community for seniors. That’s if the Boca Raton City Council …
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‘Underpriced’ at $100 Million
‘Underpriced’ at $100 Million Five houses are vying to be the most expensive ever sold, market slump notwithstanding. Ben Casselman and Christina S.N. Lewis handicap the race. The price to beat is $103 million. Two years ago, at the peak of the real-estate boom, only a handful of homes in the U.S. had ever been …