On the foreclosure tour [South Florida] The latest trend in a South Florida housing downturn limping into its third year? Traveling tours of foreclosed homes. Desperately hoping to drum up business, real estate firms across the region are starting to offer the roving service each month. The concept, agents say, began in California and has …
Category Archives: Regional
Office Investor Broadway Partners Faces the Music on Short-Term Debt [Manhattan]
Office Investor Broadway Partners Faces the Music on Short-Term Debt [Manhattan] Broadway Partners put its name up in lights by being one of the most aggressive buyers of office skyscrapers in the past two years. Now, it’s scrambling to put its financial house in order. Broadway, a closely held New York-based office investor, bought $13.6 …
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Unpaid fees trouble condos [South Florida]
Unpaid fees trouble condos [South Florida] From the West Broward suburbs to Miami’s trendy Brickell high-rises, condo associations are raising fees or cutting services because some of their members aren’t paying their share. At the Fountains of Tamarac, the condo association has no insurance, a couple of unit owners are cutting the community’s grass themselves, …
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Builder woes hit home [North Florida]
Builder woes hit home [North Florida] Six months ago, the lots in Weschester, a subdivision in northwest Gainesville, were flying off the market. Today the first wave of homeowners is beginning to wonder when the vacant lot next door will see development. Continue to 2nd paragraph And further signs of troubling times have come as …
The condo boom moves on to Latin America
The condo boom moves on to Latin America What to do when you have a network of real-estate brokers selling new condominiums, but few new condos to sell? Edgardo Defortuna, who has made millions selling South Florida condos, hopes one answer is found on the Pacific shores of Mexico. Defortuna, who heads Fortune International, last …
Deal in works to save condo facing liens [South Florida]
Deal in works to save condo facing liens [South Florida] Could there soon be an end in sight to the foreclosure quagmire at The Whitney, West Palm Beach’s newest condo? Developer Enrique Dillon confirmed he’s crafting a deal to satisfy a foreclosure and liens on the 210-unit building at Evernia Street and South Dixie Highway. …
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