The Sebring City Council, in a 4-1 vote Tuesday, decided not to pursue legal action against the developers of Majestic Cove because it figured it had no legal grounds to sue the company.The problem, the council members said, lay in the wording of the city’s development agreement, dated Nov. 15, 2005, with the developer.Council decided …
Category Archives: Regional
Development returns to beachside
A labor of love, an economic boost and a local link to a world of travelers: the newly opened Royal Floridian South Tower is all of those. The first new beachside construction project since 2006, the 53-unit structure is the latest addition to Spinnaker Resorts, owned by Ken Thomas. His 10 resort properties include six …
Delano to expand outside U.S.
Morgans Hotel Group, owner of the famous South Beach boutique lodging pioneer, announced Thursday that it had signed hotel management agreements that will expand the Delano brand to Mexico and Turkey. The 114-room Delano in Cabo San Lucas, on Mexico’s Baja Peninsula, is under construction and expected to open in early 2013. In Turkey, the …
Neighborhood profile: More than 1 in 8 homes in Canyon Isles, west of Boynton Beach, in foreclosure
You don’t have to be a dedicated Real Time reader to know that residential real estate in Palm Beach County has taken a historic tumble in recent years. But while most coverage focuses on a broad view of the market, every neighborhood’s real estate story is unique. Today we’re starting a series of posts focusing …
The Case for Sunbelt Real Estate
You probably don’t want to hear this, but it’s glorious down here. Highs in the 80s. Lows around 65. The pools are busy. Last week we had what the locals called “a cold snap.” You needed a sweater vest to eat dinner outdoors. OK, hate me. via The Case for Sunbelt Real Estate.
Grand finale of Marco’s 40-year condo boom
The trailer that served as the sales office for Madeira was only open for 10 days in January 2004.Marco Island’s real estate market was booming.It was the best of times.Jim Prange, successfully selling real estate on Marco Island for 30 years with Premier Sotheby’s, waited in line to place offers on desired units for several …
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