News about properties and real estate
Absentee owners investing in O.C. [Southern California] The true role of real-estate investors in the Orange County housing market is tricky to gauge. One accounting of their activity – tracking folks who buy property but send the tax bills to another address – shows that these sales continue to be strong. In 2005, market watcher …
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$1 million home sales increase sharply [Central Florida] Sales of single-family existing homes priced at more than $1 million soared 270 percent in Metro Orlando during the past three years, a new analysis shows. The growth in home prices as well as the surge in the size of homes has helped the trend, according to …
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Nonprofit Market Creek Plaza offers Diamond district residents up to a 20% investment stake Neighbors of the 10-acre Market Creek Plaza in southeast San Diego are being offered a piece of the action. The nonprofit owner of the shopping center on Euclid Avenue, just south of Market Street, has developed an investment plan that will …
Housing could change S. Paula [Santa Paula, California] If Measure Y passes and the Adams Canyon development is built on the outskirts of Santa Paula, almost 500 families could move in over the next 20 years. These newcomers would be unlike almost anyone who lives in Santa Paula now. In a word, they’d be rich. …
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When is a condo not a condo? [South Florida] Condo-hotel sales have been slow at the Penguin in South Beach. Is it real estate, or is it an investment? Owner Markus Friedli is thinking the latter. Owner Markus Friedli says he is quite pleased with the Penguin Hotel after three years of rising room rates …
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Supersize It [Nashville] In Florida they’re called yucko stuccos. Other parts of the country refer to them as McMansions, megamansions, lot hogs, starter castles or Taj Mahals. These are the big box houses springing up all over the country courtesy of a phenomenon known as the tear-down. Just take a drive through the residential sectors …