News about properties and real estate
Is peace finally at hand on Fisher Island? [South Florida] After 10 years, a testy — and sometimes comical — court battle between Fisher Island’s developer and its wealthy residents is slated to end. Is there peace on the island? The pitched legal battle waged for a decade between posh Fisher Island’s haves and haves …
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Collapse of lender taints Lee builder [South Florida] Some first home buyers sue for fraud A Michigan credit union has collapsed following hundreds of questionable loans to people buying First Home Builder houses in Lee County. Meanwhile, some buyers have filed suit against First Home, the credit union and others — alleging fraud and conspiracy …
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Bradenton condo converter cuts prices [South Florida] When Matt Kihnke paid $15.5 million for a Bradenton apartment complex in March 2005, the Chicago investor looked primed to become the architect of another condo conversion success story. That was before the real estate market went soft and became saturated with converted apartments. Kihnke’s property, a 272-unit …
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Florida is ‘ground zero’ in drama Foreclosures in Manatee, Sarasota and Charlotte counties have doubled in the last year, and some experts think they will likely double again before the region and nation sort out the current mortgage morass. The rate of foreclosure in Florida was double the national average in February, according to data …
Homeowner dream turned nightmare [Virginia] They are a fairly typical Loudoun family. He is a 35-year-old engineer for a technology company in Fairfax, pulling in $80,000 a year. His wife teaches yoga. College-educated, they have two daughters: a 5-year-old and a newborn. In August 2005, the housing market in Northern Virginia is piping hot. The …
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S. Florida apartment market remains tight South Florida apartment rental rate hikes may be slowing, though the market remains tighter than much of the country, according to a new report. The vacancy rates for South Florida apartments remain much lower than the national average, but there are signs monthly rent increases are starting to ease, …
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