News about properties and real estate
Ballooning foreclosures tax court clerks, judges [South Florida] For months, a ceaseless routine has gripped the St. Lucie clerk of court’s civil office: New mortgage foreclosure lawsuits arrive in unprecedented numbers – huge stacks, some a foot or 2 tall. But as soon as one stack is processed and emptied from the in-box, another dozen …
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A cooling trend in real estate flipping If buyers have felt lonely making the sole bids on houses these days, it might be because home flippers, those who buy property with the intention of renovating and reselling quickly, haven’t been as active in the last year. “Flipped” houses, considered by analysts to be those owned …
Real Estate Funds Continue to Show Gains If location is the golden rule of real estate, then many who invest in real estate mutual funds might at times feel as if they’ve stumbled upon a great deal in the fanciest building in town. A big acquisition in the commercial real estate market has led some …
Memo to Shrewd Condo Investors: Buy in Chicago Any report on the condo development market routinely lists cities such as Miami and Las Vegas as the touchstones of a market gone mad. It’s just as easy to point to Chicago, where conversion of disused and historic office buildings has fueled a resurgent and, some say, …
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Marshals, investors seek Daniel Prewett [South Florida] U.S. Marshals are looking for Daniel Prewett, the Sarasota investment company owner free on $1 million bail for a federal money laundering charge. So are a growing number of local investors like Reagan Leonard, who heard a rumor Prewett had left town and went to the office Tuesday …
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Owner of ex-AMI building offers bargain office space [South Florida] David Rustine has 67,000 square feet of empty office space in a desirable location, and he’s ready to make a deal. All he needs now is a tenant who doesn’t mind braving a building that became infamous for a 2001 anthrax attack. Rustine last week …
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