News about properties and real estate
Your own Strip kingdom awaits: If you can afford it [Vegas Strip] If you missed out on last year’s $1.2 billion sale of the New Frontier, now is your chance to snap up 27 acres of land just south of the Sahara — one of only two major Strip-facing parcels listed for sale. But it’s …
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GL Homes bucks trend, buys $117 million of land [South Florida] Home builders are dumping land, cutting workers and otherwise retrenching, yet GL Homes is still buying. The Sunrise-based builder just paid $117 million for 1,068 acres west of Delray Beach. Privately held GL Homes bought the site from the Hyder family. The builder put …
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As Sky Falls, Condos Look For Protection [Tampa Bay Area] When the foreclosure filing came last month, developer Fida Sirdar determined the only way to save The Place at Channelside condominium was to file for bankruptcy reorganization. It was either that, he said, or hand the keys over to the bank and walk way. “Generally, …
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Vacancies on rise at South Florida shopping centers as economy worsens The housing woes are spilling over to commercial real estate. Cracks are evident in the office and retail sectors in South Florida and nationwide, according to real estate analysts and brokers. “We’re definitely seeing things slow down,” said David Luther, a senior associate at …
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Builder’s owner files for Chapter 11 [South Florida] The majority owner of Sunland Homes has filed for Chapter 11 protection in the Southern District Court of Florida, leaving the future of its local developments in question. Craig Kelley, an attorney for the Palm Beach County-based Frank E. Young Family Partnership, which owns 51 percent of …
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Agent: Foreclosures mean opportunities [Santa Cruz] After a bank repossesses a home, Sebastian Frey often gets a call. Frey, 37, works at Thunderbird Real Estate in Capitola. Last month, he invited a reporter to join him as he checked on two newly foreclosed properties in the Las Lomas area, just over the Monterey County line. …
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