Prime pumps A state law mandating replacement of underground storage tanks is driving gas station owners to sell at a time when interest is brisk in the properties most suitable for redevelopment. Many are viewed as development opportunities but others are sold to continue as service stations at a time when gas prices are high. …
Category Archives: General
Malibu, Encino at top of the real estate market [Southern California]
Malibu, Encino at top of the real estate market [Southern California] For Travis and Leryn Davis, the moment couldn’t be better for moving up. The Davises — with two kids crowding their 1,100-square-foot house — have the good fortune to live in one of the region’s hottest neighborhoods. As other real estate markets in Southern …
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Facing huge debts, investors ponder next steps
Facing huge debts, investors ponder next steps As lenders begin to seize houses that were purchased in an unusual series of transactions two years ago, investors are attempting to arrange complicated sales and several are beginning to struggle with difficult decisions on whether to file for bankruptcy. Nurses and other middle-class investors bought more than …
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Condo investors having a nightmare
Condo investors having a nightmare Dick Svelta, an investment manager with an MBA from Dartmouth and a net worth close to $10 million, liked the looks of a condominium project being built near Eau Gallie Boulevard. So much so, he took his banker up on an offer in 2004 to introduce him to the man …
Listen Up: Four Scams That Fool New Yorkers
Listen Up: Four Scams That Fool New Yorkers Let’s not get ripped off today, okay. City dwellers pride themselves on being smart. We are not the kind of people who are going to hold money for an importunate prince in Nigeria, or to send our bank account information to some Joe who has the skills …
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Panama’s new prosperity
Panama’s new prosperity My passport says I’m writing this column from Panama, the country, not the city in the Florida panhandle. A quick auto trip to the old Panama Canal Zone to see the boats crossing the isthmus confirms I’m in the right country. Yet, I get confused when I look all across the city. …