News about properties and real estate
Puig’s bankruptcy may be one of many more to come [South Florida] Condo converter Puig Inc. is a casualty of the housing downturn. Some think the Hialeah company’s bankruptcy may be one of many more to come. Since South Florida’s raucous real estate party ended, the hangover has taken different forms — sales plunging, foreclosures …
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Homebuyers roll the dice With this simple start, Denver’s weekly Tuesday morning auction of foreclosed homes got underway: “Good morning. I’ll start with the standard disclaimer. For any bankruptcy filings we may have been told about by 10 a.m. this morning, those properties will not be offered for sale today.” One recent morning, eight people …
Prime pumps A state law mandating replacement of underground storage tanks is driving gas station owners to sell at a time when interest is brisk in the properties most suitable for redevelopment. Many are viewed as development opportunities but others are sold to continue as service stations at a time when gas prices are high. …
Malibu, Encino at top of the real estate market [Southern California] For Travis and Leryn Davis, the moment couldn’t be better for moving up. The Davises — with two kids crowding their 1,100-square-foot house — have the good fortune to live in one of the region’s hottest neighborhoods. As other real estate markets in Southern …
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Facing huge debts, investors ponder next steps As lenders begin to seize houses that were purchased in an unusual series of transactions two years ago, investors are attempting to arrange complicated sales and several are beginning to struggle with difficult decisions on whether to file for bankruptcy. Nurses and other middle-class investors bought more than …
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Condo investors having a nightmare Dick Svelta, an investment manager with an MBA from Dartmouth and a net worth close to $10 million, liked the looks of a condominium project being built near Eau Gallie Boulevard. So much so, he took his banker up on an offer in 2004 to introduce him to the man …