News about properties and real estate
SBS Tower highlights office-condo trends [South Florida] Apartment rental buildings are being turned into condominiums at breakneck speed, but offices are being converted as well. A Coconut Grove office building may be the biggest office-condo conversion yet. A high-rise in Coconut Grove is slated to be turned into office-condominiums, in a deal that appears to …
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$39M Financing Deal Closes for Multifamily Complex [Maryland] The 495-unit Loch Raven Village apartment community will get a new owner and a facelift with the assistance of a $38.5-million joint venture equity and debt financing deal that has just closed. Located at 1711 Edgewood Rd. just off the Baltimore Beltway, The residences are contained within …
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Second homes 40% of market Americans snapping up second homes — as investments or vacation properties — accounted for four out of every 10 sales of existing homes last year, a record that helped drive the real estate market to new highs, according to a report being released today by the National Association of Realtors. …
Out of Control? [New Jersey] Home price surge worries longtime residents Hudson County home prices are soaring – and while that might be good news for those who are selling, it’s a cause for concern for residents who don’t want to cash out, according to a new poll by The Jersey Journal/New Jersey City University. …
Team turns ‘distressed’ homes into sales SDV Real Estate Holdings has worked out a system for turning dumps into marketable delights. Some might think buying deeply distressed homes and condominiums in a sputtering realty market is a recipe for a financial hemorrhage. Others, like the partners of SDV Real Estate Holdings LLC, see gold. SDV …
Baiting a hook for condo buyers [South Florida] In South Florida’s slowing real estate market, single-family home sellers aren’t the only ones getting nervous. Developers of new condominiums are antsy and trying to come up with creative ways to distinguish themselves from the competition. Free closing costs, purchase price discounts and appliance upgrades are just …