News about properties and real estate
Real estate ownership has become definition of American Dream When a press release from a frustrated young woman threatening to sue the real estate industry “for the sake of her generation” if she couldn’t get a mortgage found its way into my inbox, I was intrigued. Despite the dubious premise of her threats, Carolyn Houck, …
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Orlando’s condo boom a thing of the past After a more than five-year frenzy, the condo-building boom in downtown Orlando has ground to a halt. A new Orlando Sentinel survey of the downtown core finds that more than two-thirds of the 40 new high- and mid-rise condo projects announced in recent years are in limbo, …
Developer of stalled Eden condos asks Boca Raton for permit extension [South Florida] It may be called Eden, but many say the Boca Raton condo project is nothing but trouble. Now the developer who failed to complete the luxury condos has a new plan: a community for seniors. That’s if the Boca Raton City Council …
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‘Underpriced’ at $100 Million Five houses are vying to be the most expensive ever sold, market slump notwithstanding. Ben Casselman and Christina S.N. Lewis handicap the race. The price to beat is $103 million. Two years ago, at the peak of the real-estate boom, only a handful of homes in the U.S. had ever been …
Florida men may face federal indictments in alleged fraud A group of men accused of bilking hundreds of Southwest Florida residents out of at least $35 million will ask a judge today to put a state civil case against them on hold because they are facing a federal indictment. The indictment would be the first …
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Condo, insurer duel over storm costs Nearly two years after Hurricane Wilma blew out windows and buckled walls at the Chalfonte Condominium in Boca Raton, residents of the 21-story twin towers are still waiting for their insurance company to pay them for the roughly $13 million they spent on repairs. On Monday, they took their …