As home prices in the region climb and inventory dries up, the nation’s largest mortgage lenders are gambling on the future of the housing recovery, a Herald-Tribune analysis shows. Banking giants from Wells Fargo to Fannie Mae are routinely paying top dollar on the auction steps to hold onto their own distressed properties, outbidding cash …
Category Archives: Regional
Can Toronto survive if its real estate boom goes bust?
This summer, the first residents are expected to move into Cinema Tower, a 44-storey condominium building under construction at Adelaide and John streets. Adam Vaughan, local city councillor for Ward 20 (Trinity-Spadina), takes pride in the amenities he managed to negotiate on behalf of the city and local residents. “It has a huge cultural space …
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Longboat property makes $710,000
A Holmes Beach real estate investor bought an acre of waterfront land on this barrier island for $1.68 million, divided it into three lots and sold them at a $710,000 profit. Richard S. Eason bought the property at 3454 Gulf of Mexico Drive earlier this month through a company he controls — The Enclave at …
New Home Owner Association law approved; Sen. Hays fulfills promise
Some advocates for expanded homeowners’ rights are heartened by a new law that seeks to rein in some questionable, if not outright bad, practices by developers and homeowners associations. Gov. Rick Scott on June 14 signed a wide-ranging reform bill affecting how HOAs operate, including new provisions covering record keeping, elections, on-site management and homeowners’ …
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Rich with possibility
Luxury Realtor and designer Darren White built the $2.5 million penthouse Aqua Vista with an eye for high society. Swaddled in granite and Portuguese cork, the 29th-floor penthouse boasted a poolside cabana the size of a Tokyo apartment. So last month, White gathered his blueprints and joined a clutch of real estate elites at a …
A real estate explosion in Edgewater, Miami’s next trendy district
Driving the streets of Edgewater recently, Martin Melo eased the accelerator of his Porsche Panamera to point out large swaths of land his family-run firm has cobbled together for high-rise development in one of Miami’s most rapidly emerging neighborhoods. “This four-block area is ours,” said his brother Carlos, whose Melo Group has seven condominium and …
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