News about properties and real estate
The city could be on the hook for millions of dollars in damages for denying a developer’s 2004 plans to build a condominium tower along Bayshore Boulevard. On Wednesday, the 2nd District Court of Appeal reversed a lower court’s rejection of a lawsuit filed by Citivest Construction Corp., ruling that the case can move forward. …
Continue reading “Court: $10 million developer’s suit against Tampa can move forward”
Nevada leads the nation in foreclosures. In Las Vegas, banks are repossessing record numbers of homes. But the flip side is that for some low-income buyers, home ownership is finally within reach. Lady Luck has smiled on David Krueger, a waiter at the glitzy Mirage Hotel who earns $13 an hour, plus tips. That’s about …
Continue reading “Amid Las Vegas Real Estate Woes, Hope For Some”
Cape Marco, an upscale, world-class beachfront community with 683 luxury residential apartments, is enhanced by 30 acres of manicured tropical gardens and gushing water fountains at the southernmost tip of Marco Island. This site showcases some of Southwest Florida’s most spectacular and picturesque views of the Gulf of Mexico, Caxambas Pass, Marco Island’s famous crescent …
Callery-Judge Grove, founded in western Palm Beach County in 1964, is being sued for more than $37 million in a foreclosure filed in Palm Beach County Circuit Court. The lawsuit filed Friday alleges that Callery-Judge Grove Limited Partnership, CJC Management LTD. and Managed Citrus owe Prudential Industrial Properties LLC $37 million in mortgages plus $8.7 …
Continue reading “Historic Callery-Judge Grove in foreclosure”
Jacksonville-area condominiums, already battered by values that have fallen to rock bottom, are being clobbered by loan restrictions that effectively freeze sales in many complexes that have been hardest hit by the economic downturn. Credit-worthy and otherwise qualified would-be buyers often can’t get financing to buy many condos. And sellers are often trapped in their …
Continue reading “First Coast condo sellers finding it hard to move on”
Beyond the gates of Walt Disney World’s Magic Kingdom, the fairy tale stops abruptly — with no happily-ever-after ending. Foreclosure signs dotting once-booming suburban developments that supported decades of growth here and across the rest of the Sun Belt are grim memorials to the recession and housing bust. One touch of magic remains: 70-degree days …