News about properties and real estate
Shifting home market gives buyers an edge [South Florida] As he looks for a home to buy, Juan Saiz is finding owners eager to negotiate. Take an owner of a 1,400-square-foot pool home just west of Coral Gables. The owner had already dropped the asking price by $62,000, asking $588,000 for his remodeled home. But …
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Jupiter mobile home park sold for $4.45 million [South Florida] The park sits on 2.5 acres of waterfront real estate A 52-year mobile home park on 2.5 waterfront acres has been sold for $4.45 million dollars, and the seller, whose family has owned the property since 1970, says it was sold as a mobile home …
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Are some lenders steered by competitive pressures? Perhaps, but even in a frenzied market, risky loans never make sense, local bankers say. Neil Mohamed Husani had no trouble getting bank loans. During a real estate boom in which Southwest Florida lenders were duking it out for deals, Husani and his partners have borrowed $74 million …
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Navigator completes $17 million in building deals [Twin Cities] Minneapolis-based Navigator Real Estate Group has purchased two local office properties in deals worth more than $17 million. Navigator purchased the Energy Park Corporate Center in St. Paul for $12.25 million at the end of February from a joint venture between Ryan Companies US Inc. and …
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Dock space continues to slip away Another S. Fla. marina succumbs to redevelopment, forcing boat owners to find slips in an already tight market Once a month for the past four years, Roy and Carol Rouse have come to Maule Lake marina in North Miami Beach to escape their hectic jobs in Austin, Texas, and …
Potential foreclosures climb as housing market cools [South Florida] There’s trouble in the bubble. After three years of rapidly inflating real estate, loose credit and dicey financing, the number of court filings notifying Palm Beach County property owners they are facing foreclosure is rising. Martin County’s pre-foreclosure filings are at their highest level since February …
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