News about properties and real estate
Young developer bets millions on S. Fla.’s real estate boom A developer is paying a bold $46.5 million for the two-acre parking lot just west of Miami’s Bank of America Tower at International Place. But perhaps even more surprising: He’s never constructed a building before. Jeremy Green, 32, is buying the parcel pinched between Southeast …
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Vicarage sells for $7.35M The Vicarage at 448 N. Lake Way — so-named because an unknown architect built it in 1897 for the vicar of The Episcopal Church of Bethesda-by-the-Sea — has sold for $7.35 million in a deal that closed Tuesday. The island’s third-oldest house and the first residence in Palm Beach to be …
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Developer follows new blueprint [South Florida] Terry Stiles is shifting his company’s focus to retail and mixed-use projects. Terry Stiles joined his father’s construction company in 1968. He didn’t make much of an impression on the office staff. “We had two carpenters, one laborer — that was me — and a 94-year-old receptionist who didn’t …
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Foreclosure market can yield home bargains, but be careful For our final examination of sources for bargain properties, I want you to know something about the world of real estate foreclosures. There are pros and cons, and you may come to the conclusion that this source is more trouble than it is worth. Even so, …
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As prices soar, some builders backing out of bargain contracts for new homes [South Florida] Most everything was in boxes as Dottie and Gary Sahadeo prepared to move out of their Coconut Creek home to a more spacious, custom-built house west of Boynton Beach. But with construction almost complete, the Sahadeos received an unwelcome call: …
Developer still seeks condo units A developer who began buying condominiums at Cape Coral’s Sunset Towers in the wake of Hurricane Charley is still trying to do so. But condo owners who threw up roadblocks to keep him out say they’re not budging on selling, even if work to repair damage from the 2004 hurricane …