Vacationers choose homes over hotels More tourists opt for cheaper accommodations in houses and condos. Some of the hottest vacation accommodations in Central Florida are hiding in plain view, cloaked so completely in the commonplace that they are in a sense invisible. Thousands of single-family homes, town houses and condominiums clustered in newly built subdivisions …
Category Archives: Real Estate
Buyers Scarce, Many Condos Are for Rent
Buyers Scarce, Many Condos Are for Rent David Franco’s illuminated model of a proposed 10-story condominium tower dominates a sales center that, in spite of the “Now Selling” banner still fluttering outside, is conspicuously closed for business. “We could have waited it out and kept pushing and pushing,” Mr. Franco said about the decision to …
Developer of Carlisle has rebuilt his career [Central Florida]
Developer of Carlisle has rebuilt his career [Central Florida] Developer Steve Walsh doesn’t shy from a fight. He spent a decade battling his way out of bankruptcy and has sued opponents of his projects. That tenacity has helped his Broad Street Partners amass $1 billion worth of current and future projects in Central Florida. But …
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Builder leaves subcontractors unpaid [South Florida]
Builder leaves subcontractors unpaid [South Florida] Tradesmen say they’re owed more than $1 million Imagine hiring a dozen crews to build at least two dozen homes and then running out of money before you can pay them for their services, and you can imagine the mess that Construction Compliance Inc. faces. The company, which has …
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Kara Homes seeks $5M loan to keep operating
Kara Homes seeks $5M loan to keep operating Bankrupt builder Kara Homes Inc. wants to borrow $5 million from a hedge fund, money that the company would use to stay afloat and finish the construction of some homes that are close to completion. The loan from Plainfield Special Situations Master Fund Ltd., a hedge fund …
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Condo builders: Deposits back soon [South Florida]
Condo builders: Deposits back soon [South Florida] Still debating which New Year’s resolution to keep through next week? Developers of two unbuilt West Palm Beach condo projects have their resolutions already lined up: We promise to give buyers back their deposits … soon. During the past month, buyers in the Opera Place and Palladio Terrace …
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