News about properties and real estate
Lakewood Ranch firm buys lots … $81 million worth [Central Florida] Starwood Land Ventures, a Lakewood Ranch firm formed three years ago to acquire distressed real estate, has scored one of the largest land purchases in Florida in the past year. Starwood Land officials say the company’s $81 million acquisition of nearly 5,500 lots from …
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Texas Rangers Owner Tom Hicks Sells House in Aspen Area Texas Rangers owner Tom Hicks, whose Hicks Sports Group is in default on $525 million of debt, sold his three-acre, Aspen-area estate to Howard M. Jenkins, the former head of the Southeastern Publix Super Markets chain, for $18.5 million. Besides the baseball team, which Mr. …
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The new flipping: short sales [South Florida] Untold millions of dollars that banks could have recovered from the sale of distressed Florida homes have instead been pocketed as profits by a new breed of property flipper. These flippers target houses on the verge of foreclosure and persuade banks and mortgage companies to accept lowball buyouts, …
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Note Deals Take Off in South Florida When Robert Lechter heard Banco Popular North America was selling a note secured by a recently completed condo tower in Miami’s Brickell area, he knew it was no time to be timid. Lechter says he won the bidding with a $10.2-million offer for an $18-million note secured by …
A gilded headache [South Florida] Jorge Perez joined Donald Trump Jr. Friday for a familiar task: selling a posh and pricey condominium high-rise on the ocean. How hard has that become lately? Perez says he is directing most of his sales energy toward people who have already signed sales contracts to buy units. “We are …
Auctions bringing buyers bargains [East Nashville] A small crowd gathered for the auction of a Shelby Avenue home in East Nashville — one of about 30 properties repossessed by a bank and being sold by Bob Parks Auction Co. in a whirlwind tour this week. Advertisement The historic home’s renovations were nearly complete, including immaculate …
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