News about properties and real estate
S.A.’s hot home market cools [Central Texas] The party isn’t exactly over for San Antonio real estate, but the champagne has stopped flowing. Home builders, feeding off of the anxiety of the national real estate meltdown coupled with the typical seasonal slowdown, have started offering deals and incentives not available a few months ago.KB Home …
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Turning a profit [Chicago] A developer who bought about eight acres from Homer Township in 2003 flipped the property 3– months later, netting a roughly $1.3 million profit on his $91,000 investment. Developer Robert Parsons also is a partner, according to a company employee, in Solarcrete. That firm was given a $2.5 million contract to …
What Statistics on Home Sales Aren’t Saying [South Florida] Down in Naples, Fla., a fast-growing city on the Gulf of Mexico, there was an auction of houses about a month ago. An auction isn’t the usual way to sell a home, but it can make sense for people who don’t want to leave their houses …
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A shady 14.3M deal? Mandarin condo buyer sues over sun block [Boston] Real estate mogul Pritam Singh agreed to spend $14.3 million, with dreams of basking in a sun-splashed penthouse atop the ultra- luxurious Mandarin Oriental Boston. But Singh contends his hopes were dashed when he discovered the Mandarin Oriental penthouse he had put under …
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A Slam-Dunk in Houston Real Estate Hakeem Olajuwon, the soft-spoken Nigerian émigré who led his team to two N.B.A. championships, has also done extremely well flipping real estate in his adopted hometown. Following an unorthodox yet disciplined strategy, he has managed to make as much in real estate in the last 10 years as he …
Gainesville developers upgrade their condo plans [North Florida] Gainesville developers are updating their plans to make the city taller. Building planners for University Corners and Gainesville Greens are increasing the facilities, space and cost of their multimillion dollar projects. University Corners announced changes in their $185-million plan late November. They told the city they would …
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