News about properties and real estate
Briny Breezes’ mobile home owners could soon be millionaires [South Florida] Nestled conspicuously amid multimillion-dollar homes and splashy high-rise condos, the coastal trailer-park town of Briny Breezes seems out of place, a relic of Old Florida that may soon vanish. If residents approve the Palm Beach County community’s sale to a developer for more than …
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Centro Ybor Gets New Owner [Central Florida] A Chicago-based real estate investment group bought Centro Ybor Friday, promising to inject new life – and, possibly, homes and offices – into the landmark Ybor City entertainment complex. M&J Wilkow announced Friday that the company bought the 6-year-old retail, restaurant and entertainment center. The company says it’s …
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Property deals lead to bank foreclosures [South Florida] By now most Southwest Floridians have heard of Neil Mohamad Husani, Michael Tringali and their series of multimillion-dollar real estate deals that are now imploding. But few know anything about James Russell Crain, a Sarasota real estate agent and investor who used similar methods to buy seven …
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Cape agency, condo owners to discuss buyout [South Florida] A price can be put on land and buildings, but residents of Cape Coral’s Hurricane Charley-mauled Sunset Towers will be asked to put a price on their hopes today. The Cape’s Community Redevelopment Agency plans to discuss offering the residents a minimum of $11 million from …
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The Year the Bubble Didn’t Burst in Manhattan Pity the poor Manhattan housing market in 2006; it missed out on so many adjectives. As markets around it melted—Miami, Phoenix, Boston, pretty much the whole of flyover country—Manhattan’s remained utterly, stubbornly successful. You’ll have heard another story: that Manhattan’s housing market was red-hot in 2005 and …
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Avalon leaves homes unbuilt [South Florida] Another Southwest Florida home builder has exited, leaving dozens of customers with unfinished homes and regulators dealing with a third-party contractor who qualified the company’s permits. Sarasota-based Avalon Homes left its offices at 379 Interstate Blvd. unfurnished, unlocked and deserted several weeks ago, its former landlord says. Meanwhile, the …
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