News about properties and real estate
Alan Meltzer has a fantasy about walking into a Wells Fargo branch and making a dramatic announcement.“I’m here to collect,” he imagines himself saying. “Give me your cash registers.”Meltzer isn’t a would-be bank robber. He’s a condominium president who has turned the tables on one of America’s megabanks. via Cerabino: Surburban West Palm Beach condo …
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The owner of the Longboat Key Club is in talks to sell a financial stake in the tony resort that could jump-start its long-delayed $400 million redevelopment. Loeb Partners Realty is discussing a joint venture with Ocean Properties Ltd., a major hotel owner and operator whose holdings include three local properties, including the Lido Beach …
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State-run insurer Citizens backed off proposals to uncap rates for new customers and limit coverage for water damage but its board voted Friday to approve an average 10.2 percent increase in premiums. In an unusual move, the board approved sending regulators two sets of rates. One is an average 8.8 percent increase statewide. But the …
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For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house. Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other …
The former owners of a key Pacific Avenue parcel leveled by the Loma Prieta earthquake have threatened to re-open a six-year-old lawsuit involving the city if they don’t receive money or property outlined in a condemnation settlement that has cost developers more than $2 million. The demand from the Lau family for $700,000 or two …
Thousands of Florida homeowners may soon be in for a rude awakening: appeals to reduce their property assessments will be automatically tossed out if they have not paid most of their property tax bill by March 31. A new state law passed last year requires homeowners who challenge their property tax valuations to pay at …
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