News about properties and real estate
Run-down complex will go condo [Central Florida] Families who thought homeownership was out of their financial reach may have a chance to buy a place for less than half the average price of a new home in Lake County. The City Commission has agreed to spend $2 million to renovate the run-down Kristen Court apartment …
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Towers can’t dig out of hole [Northern California] It’s just a hole in the ground near the Sacramento River right now. But to get an idea of what might be built where John Saca tried and failed to erect two 53-story high-rises, look 2,700 miles east to the banks of the Potomac. That’s where CIM …
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Boca Developers ponders bulk sale at three projects Sign of the times: In a bid to unload unsold inventory, Boca Developers is contemplating a bulk sale at three of its projects. Boca Developers is considering a bulk sale of unsold units at three South Florida projects, in a proposed deal that shows how builders are …
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Tax relief may work against real estate vultures [Florida] For two years Magdiel Guillemi watched the condominium towers go up across South Florida and waited for his chance to buy in. Now the 25-year-old aluminum company executive thinks his time has arrived. With the housing market stuck in slow motion, more and more condos nearing …
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Avalon Homes CEO never planned to hurt anyone In his first public comments, the attorney for a former home builder who is accused of defrauding several North Port families said Joseph Pufta never planned to hurt anyone and was himself a victim of the downturn in the real estate market. “It was a business slowdown …
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You can hardly lose with California housing Yes, there have been small declines in some relatively overbuilt parts of this state. But in places where homes have not been overbuilt, or where in-migration continues at a fast pace, prices are still rising slightly or just staying flat. It happens every year about the same time …
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