News about properties and real estate
Club owner looks way beyond the beach [South Florida] Nikki Beach has embarked on a major expansion into branded hotels and casinos, real estate and even a cruise ship. Think Nikki Beach, and dance-until-dawn night clubs, champagne sprays on the sand and four-poster beds by the pool come to mind. Now Nikki Beach owner Jack …
Continue reading “Club owner looks way beyond the beach [South Florida]”
Cost of renting commercial space in S. Florida creeps up toward New York rates [South Florida] When Jim Cahlin looks at commercial real estate in South Florida, he’s starting to see New York. “We’re getting closer and closer to rental rates in major metropolitan markets,” said Cahlin, a broker for Cushman & Wakefield. At year-end …
Builder shifted deeds around [South Florida] Bradenton real estate investor Michael Horner bought a house lot in September 2005 from Construction Compliance Inc. When he figured out that the lot in North Port wasn’t big enough for the house he wanted, the St. Petersburg-based company took it back and sold him a different one. But …
Continue reading “Builder shifted deeds around [South Florida]”
Ritz owner: Toss damages Attorneys for the owner of the Ritz-Carlton, Sarasota, and home builder Taylor Woodrow Inc. are asking a judge to toss out the $34 million in punitive damages the pair were hit with in November. Capping an eight-hour hearing Tuesday, attorneys for C. Robert Buford and Taylor Woodrow requested that Circuit Court …
Savvy S. Floridians cash in by renting homes to game fans More than 100,000 visitors are about to descend on South Florida for the country’s largest sports event. What’s a homeowner to do? Hundreds of them are seizing the money-making moment and offering their homes to Super Bowl fans. Asking from $150 a day to …
Continue reading “Savvy S. Floridians cash in by renting homes to game fans”
No slump in S. Florida apartment market The South Florida condominium market might be languishing, but according to at least one brokerage the apartment market remains robust, with low vacancies, rising rents and strong demand from both tenants and investors. Every year, Marcus & Millichap Real Estate Investment Brokerage Co. publishes the National Apartment Index, …