News about properties and real estate
Port St. Lucie wrestles with high home prices [South Florida] With 80 percent of its vast acreage carved up into single-family building lots, Port St. Lucie has served as the affordable-housing mecca for cities from Broward to Indian River counties since it was twinkle in a developer’s eye 46 years ago. Most of those years, …
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Lakeland Facility Sells for $10.4 Mil. [Central Florida] A Houston-based real estate investment trust has acquired a piece of Lakeland Interstate Business Park for $10.4 million. Weingarten Realty Investors last week finalized its purchase of a 168,400-square-foot distribution facility at the business park, according to a press release. The building, at 2125 Interstate Drive, houses …
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Developer of Carlisle has rebuilt his career [Central Florida] Developer Steve Walsh doesn’t shy from a fight. He spent a decade battling his way out of bankruptcy and has sued opponents of his projects. That tenacity has helped his Broad Street Partners amass $1 billion worth of current and future projects in Central Florida. But …
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Builder leaves subcontractors unpaid [South Florida] Tradesmen say they’re owed more than $1 million Imagine hiring a dozen crews to build at least two dozen homes and then running out of money before you can pay them for their services, and you can imagine the mess that Construction Compliance Inc. faces. The company, which has …
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Condo builders: Deposits back soon [South Florida] Still debating which New Year’s resolution to keep through next week? Developers of two unbuilt West Palm Beach condo projects have their resolutions already lined up: We promise to give buyers back their deposits … soon. During the past month, buyers in the Opera Place and Palladio Terrace …
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Condo complex goes back to lender [Southern California] A 280-unit Oceanside condominium complex from one of the county’s most prolific condo converters has been taken over by its largest lender. Developer Maisel-Presley agreed to hand the keys to the River Oaks project over to Bank of America last month after the bank initiated a foreclosure …
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