It has been nearly three years since builder Josh Anderson purchased 36 distressed lots just outside of Las Vegas for an average of about $90,000 each, hoping that a bet on troubled land would pay off once the market turned. If all goes well this week, his gamble could result in a jackpot. One of …
Category Archives: Investment Tips
How All The New Student Housing Will Impact Tallahassee’s Investment Market
My favorite blog posts are ones that are inspired by reader questions, and today we respond to a doozy from “DC” who asks about investing and student housing. We get all kinds of questions from our readers, but this one is very insightful in that I believe he suspects there could be a problem brewing for some …
Continue reading “How All The New Student Housing Will Impact Tallahassee’s Investment Market”
The housing market is looking up. But don’t ignore the more sobering facts. – WSJ.com
All year long, we’ve been hearing that the housing rebound is upon us. Yes, there has been some marked cooling in the market in the past couple of months, but by and large, the stars have remained aligned. The economy is recovering, unemployment is inching down and the Federal Reserve is trying to keep interest …
Lenders provide nearly $900 million in financing for new South Florida condo projects
Some seven years after the dramatic South Florida real estate crash of 2007, lenders have begun to open the financing spigot for proposed condo towers east of Interstate 95 in the tricounty region of Miami-Dade, Broward and Palm Beach.In the past 20 months, lenders have provided nearly $900 million in financing to condo developers — …
Sarasota Quay property to hit market
One of the most prominent urban properties in Florida will hit the market for sale following a four-year foreclosure saga. The Irish government, acting as receiver for the defunct Anglo-Irish Bank, repossessed the former Sarasota Quay property Monday after no other bidders made a viable offer at its long-awaited foreclosure auction, court records show. The …
Spitzer’s Expanding Real-Estate Empire
This week, Eliot L. Spitzer, the former New York governor, invited journalists to view his recent tax returns in his office in the French chateau-influenced Crown Building, on Fifth Avenue, which is doubling as his campaign headquarters. On the twenty-second floor, a gold-plated placard on the office door still bears the name of Spitzer’s father, …