News about properties and real estate
An Investors’ Dream or Just a Mirage? [Southern California] Ashraf Fahim insists he is not a gambler. Yet when he decided to begin betting on real estate, he headed straight to the high-stakes table in California’s remote desert. Two years ago, as some experts cautioned that soaring housing prices were creating a market bubble, the …
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St. Joe to stop building houses [South Florida] Evidence is mounting that the downturn in Florida’s real estate market may be broader than experts had expected. St. Joe Co., the largest private landowner in Florida, is exiting the homebuilding business in the state. Giant homebuilder Lennar Corp. of Miami is reducing its third-quarter earnings estimates. …
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Boca firm trying to buy 30 properties from Sizeler [South Florida] Sizeler Property Investors Inc. is no stranger to bruising shareholder fights. Only last year, the Louisiana-based real estate investment trust with a West Palm Beach office jumped into the ring with dissidents looking for seats on its board. The new battle it faces is …
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Un-Real Estate [Yellowstone WY] “Is the Jackson Hole real estate market hot?” Ron Miller ponders the question. “I can’t answer that. There are niches. With my condos at the Village, I’m swatting buyers off. But my place at Indian Trails, I can’t find a buyer.” Miller, the responsible broker for the Jackson Hole Real Estate …
Unsuspecting Internet buyers paying thousands for unbuildable lots Old-time swamp peddling has gone high-tech, thanks to Internet-auction sites such as eBay. The pitch – speculation on near-worthless Florida real estate – is decades old. But today, a new generation eyeing property for investment or retirement is buying land that’s miles from civilization, has no roads …
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Buyers in a bind After struggling home builder Jade Homes suddenly closed its doors last month, buyers of about 75 homes found themselves in difficult straits. Ali Alshalkmi is a Tampa businessman who bought 10 homes at a total cost of about $3 million for himself and members of his extended family. He deposited $200,000 …