News about properties and real estate
Developer’s record marred by missteps [South Florida] The developer who promised a biotech park in Liberty City has a record of foreclosures, defaulted loans and a bankruptcy. Dennis Stackhouse stood before the Miami-Dade County Commission, hoisting a map of Kendall Square, the Cambridge, Mass., neighborhood that is widely considered a Silicon Valley of the biotech …
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Spouse has questions about living trust DEAR BOB: Our house is owned under my living-trust name. If I survive my husband, will the basis for the house be stepped up to market value as of the date of his death? Should I add my husband’s living trust to the deed? –Eliza W. DEAR ELIZA: If …
Young broker’s career a wild ride Still shy of his 30th birthday, broker Clint Conway has already gone through business undulations many don’t experience in an entire career. But in the wake of his work last month on the $65 million sale of the Hyatt Sarasota to giant equity firm the Blackstone Group, Conway is …
Attorneys in foreclosure case return to court [Baltimore] Lawyers for Kwaku Atta Poku, a Columbia taxi owner who lost his townhouse to foreclosure and eviction through no fault of his own, are back in court seeking help for him. They asked the Maryland Court of Appeals to rule whether it was right for the Court …
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The year’s hot investment? Apartment buildings [The Twin Cities] Flat-roofed and 50 years old, Centennial Gardens in Roseville is a sturdy 190-unit apartment building in need of a facelift – not a show stopper. Nonetheless, the brick complex attracted 12 written offers when it hit the market in April and is scheduled to close in …
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Renting for Monthly Loss Could Result in Long-Term Gain I received an email from a reader in Santa Barbara County, Calif., regarding the sale of her house that, once selling fees and closing costs are paid out, she would have to come to the table with a check to get out of the property. “Right …
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