News about properties and real estate
Beverly sale closes; execs retire [Northwest Arkansas] Beverly Enterprises Inc. Chief Executive William Floyd and others retired Wednesday, a day after the company was sold, and the new owner continues to mull over the business’s future. Fort Smith-based Beverly also said Wednesday that Randy Churchey will become the new chief executive of the nursinghome company, …
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I-Drive to land region’s first InterContinental luxury hotel [Central Florida]/a> A Fort Lauderdale developer announced plans Wednesday to build a 1,260-room InterContinental hotel on Lake Bryan about four miles from the Orange County Convention Center. The luxury hotel, which would be the largest InterContinental in the world and the first in Orlando, will be called …
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Developer follows new blueprint [South Florida] Terry Stiles is shifting his company’s focus to retail and mixed-use projects. Terry Stiles joined his father’s construction company in 1968. He didn’t make much of an impression on the office staff. “We had two carpenters, one laborer — that was me — and a 94-year-old receptionist who didn’t …
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Foreclosure market can yield home bargains, but be careful For our final examination of sources for bargain properties, I want you to know something about the world of real estate foreclosures. There are pros and cons, and you may come to the conclusion that this source is more trouble than it is worth. Even so, …
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As prices soar, some builders backing out of bargain contracts for new homes [South Florida] Most everything was in boxes as Dottie and Gary Sahadeo prepared to move out of their Coconut Creek home to a more spacious, custom-built house west of Boynton Beach. But with construction almost complete, the Sahadeos received an unwelcome call: …
Developer still seeks condo units A developer who began buying condominiums at Cape Coral’s Sunset Towers in the wake of Hurricane Charley is still trying to do so. But condo owners who threw up roadblocks to keep him out say they’re not budging on selling, even if work to repair damage from the 2004 hurricane …