News about properties and real estate
Failed loan by ex-Husani partner threatens one bank’s bottom line Michael Tringali borrowed $83 million from seven banks The second largest Florida-based bank could be writing off nearly 15 percent of its annual profits because of fallout from a loan to Neil Mohamad Husani’s former business partner, Michael Tringali. BankAtlantic Bancorp, a Fort Lauderdale-based bank …
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Part 2 of 3: The new lords of the land [Baltimore] A small number of investors who own many Baltimore ground rents often sue delinquent payers, obtaining their houses or substantial fees Paul W. Nochumowitz describes himself as a bail bondsman who takes home $14,000 a year and is bankrupt. Still, he and his wife, …
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Hillsborough: Mansion goes to $5.55-million bidder [South Florida] But $4-million from Paul Bilzerian’s Avila home sale may pay for attorneys and loans. The sprawling but embattled mansion in north Hillsborough County built by Paul Bilzerian was auctioned for $5.55-million Monday by a bankruptcy judge. “It was a good investment,” said Clearwater auctioneer Michael Peters, the …
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Bellina the queen of Bonita real estate market [South Florida] When Susie Bellina arrived in Bonita Springs in 1979, she never envisioned that this pit stop between Naples and Fort Myers would one day become such a real estate hot spot. “I came down for a visit and I remember that Bonita Springs was this …
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Buying before selling backfires for this couple [Southern California] When Laurian Rhodes and her husband, Sluggo, bought their first house 2 1/2 years ago, they did everything right, according to real estate protocol. Veteran punk rockers, Laurian, 36, and Sluggo, 47, aren’t what would be characterized as the new San Francisco buyers — upscale professionals …
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Deals, Deals, Deals (and a Great Year for REITs) Wall Street has managed to post some pretty impressive gains in 2006. But again, the market for real estate investment trusts has beaten most stocks, as large investors pumped reams of capital into companies with large holdings of commercial property and, in some cases, gobbled up …
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