Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent

Pete Pollinger and his wife, Julie, are relocating from Boca Raton to Melbourne, a city of about 70,000 on Florida’s Space Coast, named for its proximity to NASA rocket sites at Cape Canaveral and the Kennedy Space Center. They weren’t just hunting for a place to live. As they get ready to move this year, they’re …

Kolter building three-story townhomes in Boca Raton [South Florida]

The Kolter Group is finishing the first batch of three-story townhomes in a new gated development in Boca Raton.Kolter said 30 units at Moderne Boca will be ready by late August, and the developer hopes to have 15 to 20 contracts in place by then. Kolter plans to start sales of the remaining 45 units …

Kevin Maloney’s PMG is Building Empires in New York and South Florida

A little more than two years ago, Kevin Maloney, the founder and principal of Property Markets Group, was talking about a possible partnership with a wealthy Emerati named Khadem al-Qubaisi who had flown in to New York for a meeting. Midway through their discussion, it came up that Mr. Maloney’s new friend needed an apartment …

Broward County’s Robust Condo Market

Don’t look now, but Hallandale Beach Mayor Joy F. Cooper has designs on making her city another Miami Beach. There’s a bit of exaggeration in that statement, of course, but not much.For starters, in the 10 years since she took office, the median age in Hallandale Beach city has declined from 70-plus to the mid-40s. …

From a veteran appraiser, an assessment of Tampa Bay’s housing market

In real estate transactions, the most visible players are the agents representing buyers and sellers. But it is the work of appraisers that helps determine the true value of a home and what a bank is willing to lend. Joni Herndon of Tampa has been a state-certified residential appraiser since 1985, maintaining a strong reputation …

Underwater on your mortgage? The HARP program could help

Thousands of Michigan homeowners are still eligible to refinance under HARP in 2016. Wayne County, for example, had nearly 9,100 eligible homeowners as of June 2015. What would stop someone from making a move and filling out forms to save an extra $100 or $200 a month on a mortgage payment? Especially if that person lived in …