News about properties and real estate
WCI Slides After Rejecting Bid [South Florida] When billionaire activist Carl Icahn proposed a $22-a-share buyout of WCI Communities Inc., the Bonita Springs, Fla., home builder rebuffed him in hopes of finding a richer suitor. But as the housing market continues to slide, along with WCI’s stock price, it looks as if WCI should have …
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Commercial sales signal active market A spate of recent sales illustrate that while the region’s residential market remains sluggish, commercial real estate here continues to be highly sought after. The trend of recent transactions, involving nearly a half-dozen high-profile properties, also underscores how capital is still flocking to land and buildings. The transactions involve the …
Investors: Few deals at foreclosure auction [South Florida] Investor Tony Barquin shifted amid the crowd in the stuffy auction room at the Miami-Dade County Clerk’s office Thursday, pondering which among scores of homes in foreclosure he might bid to buy. As more and more homeowners can’t pay their mortgages, the number of properties hitting the …
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Housing market still troubled [Central Florida] Property appraisers’ report reflects slowdown — coastal areas hit hard Central Florida’s most troubled real estate: low-end condos. Where are values level? Established neighborhoods. What prices are rising? Lakefront property. That is a synopsis of what lies behind the property-tax rolls appraisers reported to the state by Monday. Overall …
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Values rise at condo tower [Denver] At the new Glass House near downtown, many owners are investors who are quickly selling their units for tidy profits. A week after Deviree Vallejo and Dan Brown closed on their one-bedroom condo in the Glass House, they put it back up for sale. Within two days, they sold …
The $3.6 Million Mortgage [New York City] SETH WEINSTEIN is not a guy who likes to run a tab. He has only two credit cards — one for his personal use and one for business — and he says he pays them in full each month. He even wrote a check the last time he …
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