News about properties and real estate
Memo to Shrewd Condo Investors: Buy in Chicago Any report on the condo development market routinely lists cities such as Miami and Las Vegas as the touchstones of a market gone mad. It’s just as easy to point to Chicago, where conversion of disused and historic office buildings has fueled a resurgent and, some say, …
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Marshals, investors seek Daniel Prewett [South Florida] U.S. Marshals are looking for Daniel Prewett, the Sarasota investment company owner free on $1 million bail for a federal money laundering charge. So are a growing number of local investors like Reagan Leonard, who heard a rumor Prewett had left town and went to the office Tuesday …
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Owner of ex-AMI building offers bargain office space [South Florida] David Rustine has 67,000 square feet of empty office space in a desirable location, and he’s ready to make a deal. All he needs now is a tenant who doesn’t mind braving a building that became infamous for a 2001 anthrax attack. Rustine last week …
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Anatomy of a failure Tony Antoine signed the papers with relief, a month-long process finally finished. He, his wife and two young children looked forward to moving into a $400,000 Palm Beach home. The Florida home seller was even more relieved. His home was finally purchased after nearly six months on the market. The next …
Home lenders cut flow of risky loans David Radley, a sound engineer, wants to borrow $180,000 to buy a house he rents in Appleton, Wis., but he can’t afford a down payment and has a low credit score. Finding such a loan was a snap until recently. Now mortgage broker John Waite of Full Resource …
Marino cuts price of his Weston home — to $14.5 million — as no buyers emerge The sluggish housing market plays no favorites. Even South Florida’s favorite former football hero is having trouble selling. Miami Dolphins legend Dan Marino has reduced the price on his Weston home to $14.5 million from $15.9 million, his listing …
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