News about properties and real estate
Listen Up: Four Scams That Fool New Yorkers Let’s not get ripped off today, okay. City dwellers pride themselves on being smart. We are not the kind of people who are going to hold money for an importunate prince in Nigeria, or to send our bank account information to some Joe who has the skills …
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Panama’s new prosperity My passport says I’m writing this column from Panama, the country, not the city in the Florida panhandle. A quick auto trip to the old Panama Canal Zone to see the boats crossing the isthmus confirms I’m in the right country. Yet, I get confused when I look all across the city. …
Condo slowdown trips up bulk buyers [South Florida] Back when condos were still hot, mom-and-pop investors all over South Florida waited overnight in lines that snaked around the streets just for a chance to buy in. Not the men behind The Formula, a company that bought condos in bulk directly from developers and flipped them. …
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Run-down complex will go condo [Central Florida] Families who thought homeownership was out of their financial reach may have a chance to buy a place for less than half the average price of a new home in Lake County. The City Commission has agreed to spend $2 million to renovate the run-down Kristen Court apartment …
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Tax Benefit Falls From Favor Some smaller real-estate investors are turning away from a popular tax-deferral strategy that has attracted scrutiny after fraud allegations. A number of investors had already started to reject the option out of concern about another problem: high prices for commercial properties. The so-called 1031 exchange strategy allows participants to defer, …
Boca Developers ponders bulk sale at three projects Sign of the times: In a bid to unload unsold inventory, Boca Developers is contemplating a bulk sale at three of its projects. Boca Developers is considering a bulk sale of unsold units at three South Florida projects, in a proposed deal that shows how builders are …
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