News about properties and real estate
Census details North Port housing excess [South Florida] Only five cities in the nation built housing at a faster rate than North Port since 2005, according to new U.S. Census data showing just how overheated the city’s housing boom was. In fact, North Port added more housing in the past eight years than in the …
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Siesta Key resort operator goes after lender Like practically every major real estate investor in the region, Richard Dear is reeling from the multimillion-dollar decisions he made during the boom. The Siesta Key vacation rental operator has defaulted on eight loans totaling $10.8 million since June, and sought Chapter 11 bankruptcy protection in September for …
Condo resorts: The good life can help generate a great income The sound of gentle Gulf waves washing ashore accentuates the tranquility of an early morning on the beach. The subtle shift of color and light is unique each evening as the crimson sun sinks into distant waves. These are the basics of a great …
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Real estate a trap for metro Atlanta couple When housing was hot and credit easy, Nadege Adam and Jude Valles gorged. Together and separately, the couple bought a five-bedroom house in Smyrna, a condominium in Smyrna for his mother and another condo at an intown development that was creating a lot of buzz at the …
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Even luxury real estate projects falling into foreclosure The rains fall on the just and the unjust. And foreclosures happen to the high end and mid-range of the real estate market. Earlier this month, Regions Bank filed a foreclosure lawsuit against Polo Field Estates LLC, developer of the luxury Azura community in suburban Boca Raton. …
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O.C. house prices seen rising in 2013 [Southern California] From where Evan Gentry sits, Orange County’s housing market looks pretty grim. Gentry, 37, heads Ladera Ranch-based G8 Capital, a company he founded last year to invest in troubled loans and foreclosed homes. As someone who constantly looks at the things lenders are trying to ditch, …
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