News about properties and real estate
In Maricopa, Ariz., a Paradise Found and Lost Builders rushed into this one-time agricultural crossroads during the housing boom. They put up beige stucco houses on winding streets, with names like Heavenly Place and Good Vibrations Lane. They lured young people who couldn’t afford homes in nearby Phoenix or its costly suburbs. The population soared …
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Opportunities abound for tenants, investors [Tampa Bay Area] The dynamics of Southwest Florida’s office market are delivering healthy doses of caution and opportunity alike. An abundance of new construction in recent years has supplied the region with a surplus of available space, which has affected absorption and vacancy rates already slowed by economic conditions. While …
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Once high-flying South Florida developer’s properties now unfinished, derelict Glenn Wright’s fortunes soared with the city’s hunger for luxury real estate. His two-story Georgian homes rose up in older neighborhoods, much to the chagrin of residents who derided them as “McMansions.” But the developer who once was one of the biggest names in high-end Fort …
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Buckley Towers wins $20M verdict [South Florida] A Miami federal court jury on Friday awarded Buckley Towers homeowners $20 million in their claim against global insurance giant QBE Insurance, one of the largest condo insurers in Florida. At issue was damage caused by Hurricane Wilma to the 40-year-old twin towers in North Miami. During the …
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WL occupancy suit’s fees turn to tenants Three Purdue University students who were part of a costly lawsuit over West Lafayette’s occupancy ordinance must now foot the bill for more than $52,000 in fines and legal costs. Jill Schuler, Kelly Underwood and Melissa Wood were among five women who lived in a rental home — …
Suffering St. Lucie County called a ‘disaster’ area With unoccupied homes and families in distress, a St. Lucie County leader wants to declare a state of emergency to release $17.5 million in reserve funds. The Baehrs — Derek, Kellyanne and their two young daughters — are five months behind on their mortgage payments. They sometimes …
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