State reviews title insurance Cozy relationships between title insurance companies and real estate agents, builders and lenders, and the question of who ends up with premium dollars were at the heart of a four-hour public hearing in Tallahassee on Thursday as Florida regulators began to pull back the curtain on the little-known title insurance business. …
Category Archives: General
Real Estate Record Hits Hurdle
Real Estate Record Hits Hurdle When the private equity firm Somerset Partners announced last month it was acquiring 450 Park Ave. for $1,589 a square foot, a record for a Manhattan office building, it was hailed nationwide as a sign of the historic strength and high demand in the city’s commercial real estate market. Now, …
Florida men may face federal indictments in alleged fraud
Florida men may face federal indictments in alleged fraud A group of men accused of bilking hundreds of Southwest Florida residents out of at least $35 million will ask a judge today to put a state civil case against them on hold because they are facing a federal indictment. The indictment would be the first …
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Condo, insurer duel over storm costs
Condo, insurer duel over storm costs Nearly two years after Hurricane Wilma blew out windows and buckled walls at the Chalfonte Condominium in Boca Raton, residents of the 21-story twin towers are still waiting for their insurance company to pay them for the roughly $13 million they spent on repairs. On Monday, they took their …
WCI’s Financial Fortune Is Staked To Condo Tower In Miami [South Florida]
WCI’s Financial Fortune Is Staked To Condo Tower In Miami [South Florida] One Bal Harbour may look like just another sign of excess in Miami’s oversaturated condo market, but to developer WCI Communities ( WCI) the luxury tower represents crucial cash. The Bonita Springs, Fla.-based developer is counting on sales of 185 condos and 115 …
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Bradenton builder stays busy in down market [South Florida]
Bradenton builder stays busy in down market [South Florida] At a time when several small- to medium-sized regional home builders have hit rough patches or simply folded, Bradenton’s Gibraltar Homes seems to have weathered the storm of real estate’s big downturn. Albert Sanchez, Gibraltar’s president and owner, sees an improving housing market ahead. He thinks …
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