News about properties and real estate
SBS Tower highlights office-condo trends [South Florida] Apartment rental buildings are being turned into condominiums at breakneck speed, but offices are being converted as well. A Coconut Grove office building may be the biggest office-condo conversion yet. A high-rise in Coconut Grove is slated to be turned into office-condominiums, in a deal that appears to …
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$39M Financing Deal Closes for Multifamily Complex [Maryland] The 495-unit Loch Raven Village apartment community will get a new owner and a facelift with the assistance of a $38.5-million joint venture equity and debt financing deal that has just closed. Located at 1711 Edgewood Rd. just off the Baltimore Beltway, The residences are contained within …
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Second homes 40% of market Americans snapping up second homes — as investments or vacation properties — accounted for four out of every 10 sales of existing homes last year, a record that helped drive the real estate market to new highs, according to a report being released today by the National Association of Realtors. …
Out of Control? [New Jersey] Home price surge worries longtime residents Hudson County home prices are soaring – and while that might be good news for those who are selling, it’s a cause for concern for residents who don’t want to cash out, according to a new poll by The Jersey Journal/New Jersey City University. …
Team turns ‘distressed’ homes into sales SDV Real Estate Holdings has worked out a system for turning dumps into marketable delights. Some might think buying deeply distressed homes and condominiums in a sputtering realty market is a recipe for a financial hemorrhage. Others, like the partners of SDV Real Estate Holdings LLC, see gold. SDV …
Warning: Flipping property isn’t as easy as it looks You come home from a long day at work and, while channel surfing, you come across a show in which guys are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due. Wow. What’s more, they claim …
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