Plans for a beachside RV park have riled up a bunch of condo owners at Boardwalk Beach Resort. “They caught everybody off guard,” condo owner John Bienkowski said Wednesday. “I think a lot of people felt blindsided by this.” A rezoning request by Resort Hospitality Enterprises placed on Monday’s agenda of the city Planning Board …
Category Archives: Regional
Rental income may not help refinancers qualify for mortgage
The common myth among refinancing homeowners is that the mortgage industry will count the rental income they are receiving from their homes. In fact, rental income will not count toward the borrower’s qualifying income, even though the homeowner is reporting it on his tax returns, unless the subject property is a legal and conforming multi-unit …
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New owners DiTommaso, Warren complete 250 Royal Palm Way renovation
When the office building at 250 Royal Palm Way came on the market in a 2010 foreclosure sale, Anthony DiTommaso and Rusty Warren, co-CEOs of Ivy Equities, saw an opportunity they couldn’t pass up. The Greenwich, Conn.-based executives, whose firm Ivy Realty, is headquartered in Montvale, N.J., entered a market they had set their sights …
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Builder moves on to a new enterprise
Mercedes Homes LLC, for nearly 30 years one of Brevard County’s most prominent home builders, is ending operations two years after filing for Chapter 11 bankruptcy. An outside executive management team brought in by the consortium of leading creditors from the bankruptcy case recently took over operations of the Suntree-headquartered company and announced its intentions …
North Dakotans buy up homes in Arizona
Flush with cash from an oil boom and plentiful jobs, North Dakotans are snapping up homes 1,500 miles away in balmy Arizona, where prices have plunged since the real estate bubble burst. “It boils down to the weather and taking advantage of the market,” says real estate agent Rocky Parra of HomeSmart Realty in Gilbert, …
Family & Fortune
When Donald Soffer first visited a patch of swampy wetlands just south of the border between Dade and Broward counties, his original intent was simply to build a shopping mall. But after seeing the land, the idea came to him for an upscale community created around an expansive golf course and country club, a vision …