News about properties and real estate
Are some lenders steered by competitive pressures? Perhaps, but even in a frenzied market, risky loans never make sense, local bankers say. Neil Mohamed Husani had no trouble getting bank loans. During a real estate boom in which Southwest Florida lenders were duking it out for deals, Husani and his partners have borrowed $74 million …
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Navigator completes $17 million in building deals [Twin Cities] Minneapolis-based Navigator Real Estate Group has purchased two local office properties in deals worth more than $17 million. Navigator purchased the Energy Park Corporate Center in St. Paul for $12.25 million at the end of February from a joint venture between Ryan Companies US Inc. and …
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Dock space continues to slip away Another S. Fla. marina succumbs to redevelopment, forcing boat owners to find slips in an already tight market Once a month for the past four years, Roy and Carol Rouse have come to Maule Lake marina in North Miami Beach to escape their hectic jobs in Austin, Texas, and …
The Young and the Nestless Go to school. Get a good job. Buy a house. Start a family. Repeat. This five-point formula has reliably guided generations of young and clueless adults to economic prosperity. It’s what helped the Greatest Generation scale even greater heights on the home front and made the Baby Boomers boom. However, …
Investor’s Business Daily: Condotels: A Branded Urban Lifestyle For Second-Home Owners “Moonlight as a VIP. Guests demanding top-rate business facilities fully wired for maximum productivity share the elevator with travelers on the prowl during a hedonistic holiday of beauty treatments, top restaurants and a lively night life.” Sound like your cup of tea? Well, for …
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Potential foreclosures climb as housing market cools [South Florida] There’s trouble in the bubble. After three years of rapidly inflating real estate, loose credit and dicey financing, the number of court filings notifying Palm Beach County property owners they are facing foreclosure is rising. Martin County’s pre-foreclosure filings are at their highest level since February …
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