News about properties and real estate
Evans Report: Palm Beach condo sale prices fall, but homes rise [South Florida] Single-family homes in Palm Beach continue to be immune from the nationwide downturn in real estate prices. But even a Palm Beach address isn’t protection enough against the deflating value of condominiums. That’s according to the Evans Report, a closely watched real …
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Some businesses turn housing bust into a boon In South Florida’s real-estate gold rush, the promise of instant wealth drew thousands of players into the local housing market. Cheap money flowed from lenders’ coffers lubricating a vast matrix of builders, sellers and buyers. No credit, bad credit, no problem. The businesses in the middle — …
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South Florida residential market should feel effects of Opera Tower ruling A federal judge’s ruling that threw out dozens of lawsuits claiming a local condo project differed from its advertisement should affect the residential market, experts agree, though they predict varying degrees of impact. A US district judge in Miami this month tossed out 29 …
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In Downtown, Concentrated Housing Trouble If the rate of new condo sales in downtown San Diego continues the way it did in the first half of 2008, it would take five years and three months to sell all of the new units in the city core, according to recent sales counts from MarketPointe Realty Advisors, …
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Las Olas Riverfront auction on hold after buyer emerges [South Florida] A foreclosure auction for Las Olas Riverfront was put on hold Tuesday, when an interested lender reached a last-minute agreement to take over the troubled retail and restaurant complex. A lender of the Fort Lauderdale retail complex, Madeleine L.L.C., filed an emergency motion late …
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Buyer wants to check out of Trump condo-hotel contract The Trump International Hotel & Tower project on Fort Lauderdale beach Monday became the latest condo-hotel development to face a legal battle from an unhappy investor. John Taglieri, of Nahant, Mass., filed a lawsuit asking for his $146,000 deposit back and other damages, alleging that he …
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