Creditors left in the lurch In the midst of an overheated market — where banks were hungry to make lucrative loan deals and many investors thought there was no direction except up for real estate values — a pair of developers went to work on Manatee County’s barrier islands. Steve Noriega, 56, and Robert Byrne, …
Category Archives: Regional
Staying ahead of home market means going overseas
Staying ahead of home market means going overseas David Omler is helping to incite a British invasion of a profitable kind. The owner of Paradise Properties in Satellite Beach, Omler is targeting foreign buyers — particularly sunshine-hungry, palm-starved Brits — for his portfolio of high-end Brevard County properties. “The market is changing fast, and you …
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Downtown Orlando towers have sales appeal [Central Florida]
Downtown Orlando towers have sales appeal Owners of condo units in the Vue at Lake Eola, the region’s tallest residential tower, should begin moving in before the end of the year, the developer said Tuesday. Work is almost complete on the 35-story building’s penthouse terraces, which overlook Lake Eola in downtown Orlando. And nearly 90 …
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Subprime defaults close mortgage firm [North Jersey]
Subprime defaults close mortgage firm [North Jersey] Bergen County mortgage banker David Sadek was riding high a year and a half ago, serving sushi and shish kebab to investment-banking clients aboard his yacht A Loan at Sea. His firm, founded in 1991, was on track to achieve a company record of $1 billion in annual …
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Florida lawmakers want to help renters with cuts in property taxes
Florida lawmakers want to help renters with cuts in property taxes The more than 850,000 residents of Broward and Palm Beach counties who rent their homes would benefit by changes key lawmakers say they are now willing to make to the tax cut plans taking shape in the Legislature. Until now, many Republican lawmakers had …
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Casinos continue to push up property prices in Eastern Connecticut
Casinos continue to push up property prices in Eastern Connecticut As Mohegan Sun at Pocono Downs jump starts property values near the new casino in northeastern Pennsylvania, local casino leaders and real estate officials say real estate here continues to benefit from the gaming industry. Norm Krayem, proprietor of Realty Estates in Groton and president …
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