News about properties and real estate
Highrollers are folding in Sin City [Las Vegas] First, the Icon Las Vegas was derailed, then the Hard Rock Hotel and Casino expansion and now the Curve. What’s up with Sin City’s luxury high-rise condo market? In the last several months, at least seven marquee Las Vegas condo projects have either been canceled or put …
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Sebastian fish house deal sinks In County Commissioner Wesley Davis’ effort to buy and preserve longtime commercial fish houses, Capt’n Butcher’s Floodtide Marina and Seafood may be “the big one that got away.” “I pulled the plug,” property owner Harold Adams said Thursday. He said he called off the deal on his 2.8-acre Capt’n Butcher’s …
Condo construction halted; lender files for bankruptcy When a Las Vegas lender plunked down money from retirees, investors and even a medical research firm’s pension fund to finance construction of a West Palm Beach high-rise condo, everyone gambled that red-hot Florida real estate was a sure thing. Low-income residents of the apartment complex moved, heavy …
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Loan of $159M Finances Multifamily Buy The Bethany Group has acquired a portfolio of 2,873 apartment units in Florida, Texas and South Carolina from Aimco and has financed the purchase with a $159-million loan from GE Real Estate. Greg Garmon, CEO of Bethany, tells GlobeSt.com that the financing will go toward both the approximately $151-million …
No options in Bonita [South Florida] Apartment hunting? Don’t go to Bonita Springs, because there aren’t any. As for the rest of south Lee, the trend of apartments converting to condos is starting to catch on. Searching for an apartment complex in Bonita Springs doesn’t take long. There aren’t any. While the booming real estate …
Region’s typical home price tops $500,000 [Southern California] The median price of a Southern California home punched through the half-million-dollar mark for the first time in March even as sales remained soft, an industry tracker said on Tuesday. The sales decline is in response to rising interest rates and a market past its “frenzy phase,” …
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