The first disaster for Ron Benitez was losing his DeBary home to the massive flooding caused by Tropical Storm Fay in 2008. Now, the retiree is facing a financial calamity: paying far more for flood insurance because of newly revised federal maps that have made his rebuilt home part of a high-risk flood zone. Benitez, …
Category Archives: Regional
Apartment construction set to sweep Broward and Palm Beach counties
South Florida is about to go from condo bust to apartment boom.Developers are set to kick off a new round of housing construction with plans to build more than 4,000 rental apartments. Five years have passed since the collapse of the housing market brought an end to the condo construction craze that swept the region.Two …
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As data shows more Americans in poverty, Belle Glade looks for ideas from eastern Palm Beach County
Start at the east end of Southern Boulevard – at Donald Trump’s Mar-a-Lago, one of the country’s poshest private clubs – drive west 38.8 miles on the same road and you reach Belle Glade, a city with some of the worst unemployment and poverty in the country. Without using your blinker, you go from a …
Urban Luxury Homes Are Making a Comeback
The market for luxury goods is in full-fledged revival mode, and that includes high-end city real estate — apartments and townhouses in the $5 million-plus range. After plunging 30% from peak to trough, luxury-home prices in many big urban markets are back on the rise. Unit sales in Manhattan, Miami and San Francisco are up …
Big hearted developer has big plans for Melbourne skyline
Peter Flotz believes in bringing the personal touch to business. It’s not unheard of him, for instance, to walk into meetings for multi-million dollar development projects bearing a box of his mother’s cookies. That personal touch has helped him forge successful partnerships, he says, but has also hurt as he has sometimes let his heart …
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Innkeepers Wins Approval to Extend Control of Bankruptcy
Innkeepers USA Trust won approval to extend control over its bankruptcy amid a dispute with Cerberus Capital Management LP and Chatham Lodging Trust over whether they will buy 64 of its hotels. The new deadline to file a Chapter 11 plan will be Nov. 10 once a formal order is submitted, U.S. Bankruptcy Judge Shelley …
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