News about properties and real estate
Builder shifted deeds around [South Florida] Bradenton real estate investor Michael Horner bought a house lot in September 2005 from Construction Compliance Inc. When he figured out that the lot in North Port wasn’t big enough for the house he wanted, the St. Petersburg-based company took it back and sold him a different one. But …
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Ritz owner: Toss damages Attorneys for the owner of the Ritz-Carlton, Sarasota, and home builder Taylor Woodrow Inc. are asking a judge to toss out the $34 million in punitive damages the pair were hit with in November. Capping an eight-hour hearing Tuesday, attorneys for C. Robert Buford and Taylor Woodrow requested that Circuit Court …
Buyer Beware These High-Yield Stocks If you look at the historical returns for mortgage REITs over the past several years–17.5% five-year compound annual total return for the FTSE NAREIT Mortgage REIT Index as of Nov. 30, 2006–you’d think that these investments can’t miss. However, at Morningstar, we believe mortgage REITs bear significant risk, and we’d …
In Briny Breezes, some sad at selling $1 million trailers [South Florida] Back in the early days, before telephones, air conditioning, television and double-wides, a loudspeaker chronicled many of the joys of tropical life, trailer-park style. When dolphins frolicked just offshore, the manager’s wife announced the sight on the public-address system. When families returned from …
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West Delray condo owners still wait to return after Wilma Elena Ecker points to what used to be her kitchen, bedroom, bathroom and living room. The one-bedroom condo is now just a shell divided by metal beams and a plywood roof. Ecker’s home is one of an estimated 375 units at Kings Point empty since …
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Sinkhole policies may change While insurers bemoan their troubles with Florida lawmakers this week, they stand to win at least one fight. The Florida House and Senate are on the verge of dramatically changing state law on sinkhole insurance. This could cut rates in half for homeowners in hard-hit Pasco and Hernando counties, where 80 …