News about properties and real estate
Real estate developer’s three-year plan starts bearing fruit When a Florida-based real estate company doggedly pursues a small Farmington Hills-based REIT with three all-cash offers over a month, it’s difficult to find a word other than “flattering.” After all, the final offer for Agree Realty Corp. [NYSE:ADC] topped out at $395.64 million, a 19 percent …
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Apache Shores couple losing ground – literally No one could have prepared Brian McKinley for what the strangers told him that day. Three people came to his home in Apache Shores to announce they had purchased one of the lots beneath his mobile home for unpaid back taxes. McKinley was stunned. His wife, Teresa, was …
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Sarasota-Bradenton sales buck national and statewide trends [South Florida] Sarasota-Bradenton was a bright spot in an otherwise dismal national and state real estate market during March. While national sales of single-family homes fell 13 percent and statewide sales dropped by an even larger 28 percent, Sarasota-Bradenton saw a 16 percent increase last month compared with …
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Owner said to be courting return to home sweet home In any light, it’s a Palm Beach beauty: a John Volk-designed ocean-to-lake estate, owned by a string of millionaires and boasting 300 feet of beachfront. But its current owner — who spent millions on renovation — hasn’t set foot inside 1930 S. Ocean Blvd. for …
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Angry retiree says Marco Island deals ruined him [South Florida] One night in 30 years working at a car shop in a rough-and-tumble section of Queens, N.Y., is seared in Lothar Schaarschmidt’s memory. Thugs slipped into the garage just after closing. One held a knife to Schaarschmidt’s throat, while another pointed a gun at his …
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Foreclosure may sock Hollywood in its wallet [South Florida] Project’s collapse could cost public $1.6 million Two cornerstone buildings in a project aimed at turning Young Circle into a center of art and culture have gone into foreclosure, leaving taxpayers on the hook for at least $1.6 million in mortgages. The Young Circle Garage, bought …
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