News about properties and real estate
North Pointe drops policies [South Florida] North Pointe, a large commercial insurer, is pulling back its exposure in Florida, dropping about 40 percent of its policies. Already on edge as this year’s hurricane season gets under way, the state’s insurance market is about to get another shock. North Pointe Holdings, a large commercial insurance company, …
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Last house on Singer Island’s condo-laden beachfront isn’t for sale — at any price [South Florida] John Shillingburg’s slice of paradise is exactly that — 50 feet wide, 400 feet long, from Intracoastal to Atlantic, the only single-family house perched on the island’s oceanfront. And no, it’s not for sale, at any price. The modest …
It’s a renter’s market Sluggish sales, high prices and desperate investors are causing homes to lease for a fraction of what they would cost to own. This spring, Michelle Lewis and Rudolph Maragh of West Palm Beach were preparing to buy a condo when they took one last look at the local housing market. And …
Michael Y. Cannon Real Estate [South Florida] RETAIL BUILDING SOLD FOR $4.1M Location: 2000 Harrison St. Seller: Levymint, represented by Jerry Mintz, president. Buyer: Seattle Properties, represented by Pablo Rodriguez, manager/president. Price: $4.1 million or $264.99 per square foot, based on 15,472 square feet of building area. Total Assessed Value (2006): $1,408,890 or $91.06 per …
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Insure home, or buy food? As rates soar after last year’s storms, some homeowners say they simply can’t afford to buy insurance anymore. The same day a new hurricane season dawned, the retired photographer and 85-year-old World War II veteran joined a growing class of Floridians – uninsured homeowners. It wasn’t his choice.
New trend for first-time home buyers [Contra Costa] In the hypercompetitive world of Bay Area real estate, a trend has emerged that brightens the prospects for first-time home buyers but tightens the options for the most cash-strapped among us. The trend — developers converting rented apartments to owner-occupied condominiums — has been gaining speed in …
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