News About Properties

The Kolter Group is finishing the first batch of three-story townhomes in a new gated development in Boca Raton.Kolter said 30 units at Moderne Boca will be ready by late August, and the developer hopes to have 15 to 20 contracts in place by then.

Kolter plans to start sales of the remaining 45 units in the fall, with the entire project due to be complete by the end of 2017.The two- and three-bedroom townhomes range from 2,128 to 2,794 square feet, and prices range from $589,000 to $849,000. The community, which will include a swimming pool and fitness center, is at Spanish River Boulevard and Military Trail.

via Kolter building three-story townhomes in Boca Raton .

A little more than two years ago, Kevin Maloney, the founder and principal of Property Markets Group, was talking about a possible partnership with a wealthy Emerati named Khadem al-Qubaisi who had flown in to New York for a meeting.

Midway through their discussion, it came up that Mr. Maloney’s new friend needed an apartment in the city.

Mr. Maloney was better equipped than most to accommodate; he was in the middle of selling Walker Tower, one of the premier new developments in Gotham. And, as it so happened, Walker Tower had a pretty spectacular penthouse on the market.

via Kevin Maloney’s PMG is Building Empires in New York and South Florida.

Don’t look now, but Hallandale Beach Mayor Joy F. Cooper has designs on making her city another Miami Beach. There’s a bit of exaggeration in that statement, of course, but not much.For starters, in the 10 years since she took office, the median age in Hallandale Beach city has declined from 70-plus to the mid-40s. That’s certainly a good sign for future growth.

Another shift in the sands has taken place — one far from the mayor’s region but with a very real local impact. International currencies aren’t stretching as far. Consider that in less than a decade, the Argentine and Venezuelan currencies have lost about half their values compared to the U.S. dollar. The Brazilian real has dropped, too.

via Broward County’s Robust Condo Market.

In real estate transactions, the most visible players are the agents representing buyers and sellers. But it is the work of appraisers that helps determine the true value of a home and what a bank is willing to lend.

Joni Herndon of Tampa has been a state-certified residential appraiser since 1985, maintaining a strong reputation in a field that got a black eye as a result of appraisal practices that contributed to the housing bubble and crash. From 2006 to 2013, Herndon was a member of the Florida Real Estate Appraisal Board and served as its chair in 2008, 2009 and 2013.

An Army brat, Herndon was born in Anchorage, Ala., but grew up in Tampa and graduated from the University of Florida. She owns Real Property Analysts/Gulf Coast, which has four appraisers including herself.

via From a veteran appraiser, an assessment of Tampa Bay’s housing market | Tampa Bay Times.