News about properties and real estate
About a five-minute walk from the Ritz-Carlton hotel in south Orange County is a town-home community that has seen its share of hard times. Not that long ago, Whisper Lakes was collecting only about two-thirds of the association dues its owners were supposed to pay to keep the place running. Town homes that had sold …
Continue reading “Townhomes in Orlando: Whisper Lakes townhomes in Orlando renovated”
Condominiums, like homes, are selling at a healthy pace in Southwest Florida, but the median sales price continues to give ground — the result of more realistic sellers and a greater mix of units at the low end of the market and distressed properties. Sales during November rose 7 percent in Sarasota-Bradenton and 19 percent …
Continue reading “Condos selling, but prices continue to fall”
Florida Supreme Court Chief Justice Charles Canady shut down the state’s 2-year-old foreclosure mediation program Monday, after low success rates and criticism from both lenders and borrowers deemed the program unsustainable. The court system, which has faced a torrent of foreclosure cases in the past several years, has seen its budgets cut and staff reduced. …
Continue reading “Florida justice shuts down foreclosure mediation program”
An unexpected increase in Chinese property buyers is moving Singapore’s real-estate market, in the latest sign of the effects of Chinese money elsewhere in Asia. For years, Indonesians and Malaysians were the dominant foreign property buyers in Singapore, a rich Southeast Asian city-state that is widely regarded as one of the safest places in Asia …
Continue reading “Chinese Property Buyers Boost Role in Singapore”
Netscape founder Jim Clark just scored big in real restate. He sold last week his penthouse in Miami Beach for what is believed to be a record for a condo south of Manhattan: $21.5 million! While the sale has yet to show up in public records, SouthBeachCondoBlog.com reports the deal for the 5,803-square-foot, 40th-floor penthouse …
Continue reading “Netscape Founder Jim Clark Makes a Mint on Miami Beach Condo Sale”
A lender-owned beachfront property in Jupiter just sold to a foreign investor for $9.75 million, or $812,500 per unit. 3000 Ocean Dr., a 12-unit condo, was completed in 2010 at a cost of $18 million.CBRE marketed the property for sale on behalf of the lender, West Suburban Bank, after it foreclosed on the property in …
Continue reading “Bahrain Buyer Grabs Lender-Owned Condo for Half Price”