News about properties and real estate
Real estate bust hits home for area builders, buyers [South Florida] Leonard Sondheimer knows firsthand the perils of the real estate boom. The 68-year-old — retired until he and his wife sought to diversify their investments into the Southwest Florida real estate rush — now finds himself working full time again as a mattress salesman …
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More South Florida investors are upgrading existing buildings The 951 Yamato building in Boca Raton used to be spillover office space for IBM. It was big and gray and drab — “a battleship,” one real estate broker said. After the computer giant closed its sprawling Boca headquarters and slashed its local work force in the …
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REITs That Still Sport High Yields The average yield for property-owning real estate investment trusts has fallen below 4%. But one category — medical REITs — stands out. It used to be that when REIT yields dipped below 6%, it meant that the stocks were overvalued and it might be wise to stay away or …
Area rents surge in the wake of rising property values Denise Johnson, who just a year ago thought she had found her dream apartment, now faces losing it as her rent rises along with her landlord’s property tax bills. “I honestly don’t know where I will go,” said Johnson, a former registered nurse and paralegal …
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Buy Low(er) – How to Navigate the New Real-Estate Market Carol Candiano walked into the sales office of a new condo in west Chelsea last December looking to buy. She asked to tour a few units and fell in love with a 736-square-foot one-bedroom with floor-to-ceiling windows and a small terrace. But the agents didn’t …
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Lawsuit charges that Fort Lauderdale developer sold undersized condos [South Florida] A Fort Lauderdale real estate agent is suing the developers of the Las Olas River House luxury condominium, saying they cheated her out of living space. Rebecca Riley said she bought a 2,600-square-foot condo last year from Tarragon Corp. and Omni Development Corp. But …
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