With just 50 houses, all of which have direct access to the Intracoastal Waterway, Boynton Isles is the subject of this week’s installment of our real estate profile series. The neighborhood is situated between South Federal Highway and the Intracoastal in Boynton Beach. None of the homes in Boynton Isles are currently in foreclosure, according …
Category Archives: General
Hotel investment: South Florida’s Insite Group buys South Beach oceanfront hotel for $61 million
The Weston-based investment group that bought the former Holiday Inn on Fort Lauderdale beach and developed it into the chic B Ocean Fort Lauderdale resort is expanding its buy-and-renovate business to Miami Beach. Insite Group and its London-based partner Cube Capital said they purchased the 251-room Continental Oceanfront South Beach Hotel for $61 million in …
High rise, high stakes
Special report: High rise, high stakes. They’ve lost $8.65 million of their own money, but the developers of Greenbridge say they have five investors willing to help save the $56 million condominium towers from foreclosure. Three people have offered to assume the project’s loan debt and two others are willing to put up between $2 …
South Florida home sales hit 6-year high in volume but not price
Celebrity name-dropping, Twitter contests, skywriting planes and free grub are all strategies home sellers and real estate agents are using to entice buyers to the closing table in South Florida’s oversupplied and uncertain housing market. The list of marketing gimmicks used to sell houses and condos has grown longer and more eccentric as the real …
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Condo hurricane insurance: Hurricane season should prompt insurance check
When it comes to protecting condominiums and homeowners communities from hurricanes, Florida law may not require as much property insurance as you may think – or need. These are tough times for shared communities across the state, and the notion of "going bare" — without insurance — to save on costs may sound appealing, but …
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Venice’s historic El Patio Hotel is sold
The historic El Patio Hotel in downtown Venice has been sold for $2.195 million to longtime real estate investor and restaurateur David McRae. The 16-room business at 229 W. Venice Ave. is the only remaining operational hotel in downtown Venice and is listed in the National Register of Historic Places. It was built in 1927 …