Port St. Lucie,, FL – October 28, 2011 – Torchlight Investors sold Hillmoor Village Apartments to Finbay Pacific for $10.5 million. Torchlight acquired the property in December 2010 through a lender foreclosure. At that time, the property was 60% occupied. CBRE was engaged in early 2011 for strategic advice on marketing the asset. Per the recommendation of CBRE, Torchlight invested additional capital into the property and increased occupancy to 90%.
Coconut Creek, FL - October 4, 2011 - (RealEstateRama) -- CBRE brokers Scott O’Donnell, Dominic Montazemi, Marty Busekrus and Miguel Alcivar arranged the sale disposition of a 28,039-square-foot preschool facility to an off-shore investment group operating as MG3 Pre School LLC, on behalf of seller, Bount Warehouse LC.
Tampa, FL - September 22, 2011 - (RealEstateRama) -- CB Richard Ellis announced today the sale of Swan Lake Apartments, a 244-unit rental community located in Tampa, to Toulon Capital Partners. CBRE brokers, John Selby and Jim Bobbitt provided representation to the seller
Miami, FL – September 8, 2011 – Costex Corporation (“Costex”), a worldwide quality supplier of new replacement parts for the heavy equipment industry, is expanding its business in South Florida. To accommodate their growth, Costex recently purchased the 180,000-square-foot industrial property at 7901–8187 NW 71st Street in Miami for $10.3 million from building owner Seagis Property Group, an industrial investment firm based in West Conshohocken, Pennsylvania
Miami, FL - August 26, 2011 - (RealEstateRama) -- Supporting increased confidence in the market, Domus Group, a Latin American investor purchased 1818 Meridian Avenue in Miami Beach, Florida. Calum Weaver who co-chairs the CB Richard Ellis (CBRE) Multi-Housing Private Capital Group in South Florida negotiated the $2.7 million sale transaction on behalf of the seller.
Lake Worth, FL - July 12, 2011 - (RealEstateRama) -- Israel-based group, PC Townhomes, LLC, purchased Palm Club Apartments for $7.8 million. With 160 units, the price paid for the Lake Worth townhome community amounted to $48,750 per unit.
Newport Beach, CA - June 1, 2011 - (RealEstateRama) -- Bringing a property to market is easy, trading that property however can be difficult, especially in a depressed market. Yet there are a growing number of real estate professionals who are expanding their service offerings to compete and succeed in such conditions.
Florida, USA: - May 17, 2011 - (RealEstateRama) -- Legendary boxing promoter Don King has re-listed his Florida property for US$20 million, after removing the house from sale back in June 2010. The three acre, luxury ocean front estate in Manalapan, Florida, USA was first put on sale in 2009 for US$27.5 million. However King received little interest and decided to delist the property in summer last year.
ORLANDO, FL - May 6, 2011 - (RealEstateRama) -- With the state Legislature’s passage of HJR 381/SJR 658, lawmakers have made it clear today that they share the goal of Florida Realtors® in bringing fairness to Florida's property tax system. As Florida leaders seek ways to attract businesses, out-of-state buyers and investors to the Sunshine State, the appeal of a property tax incentive is a strong one.HJR 381/SJR 658 would, among other things, provide property tax relief to non-homestead owners and first-time buyers.
Tampa Bay, FL - April 28, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) arranged the sale of Westbury at Lake Brandon Apartments located in Brandon, Florida for $33.1 million, or $90,437 per unit. The 366-unit, Class A apartment community was purchased by Alliance Residential Company, a private investment company based in Phoenix, Arizona.
Tallahassee, FL - April 121, 2011 - (RealEstateRama) -- Today, Attorney General Pam Bondi filed a complaint against a home loan modification company for allegedly requiring consumers to pay an upfront fee for services. According to an investigation by the Attorney General’s Office, U.S. Mitigators, LLC, a company providing home loan modification services, was allegedly requiring consumers to pay an upfront fee of $2,100 before services were rendered. Many consumers reported paying the $2,100 fee and an additional $399 application fee for services they never received. The Attorney General’s complaint against the company seeks more than $48,000 in restitution for consumers
Destin, FL - March 22, 2011 - (RealEstateRama) -- Nearly three years after the financial crisis erupted on Wall Street, in an over-whelming show of support a new opinion poll shows that Americans want those responsible for sending the U.S. economy into a tail-spin prosecuted by federal authorities.
Tampa, FL - February 21, 2011 - (RealEstateRama) -- True, the economy is still a bit sluggish, Kenny Rushing admits, but don’t tell him that the real estate market is dead in the United States. The founder of Rush Capital Fund in Tampa buys and sells real estate nationwide and operates a thriving business. To help novice and experienced investors alike learn how they can make money buying and selling homes and properties, Rushing has launched the Buy American Real Estate Tour. The first event, which will feature Rushing and 23 of the country’s foremost real estate investing experts, is slated for May 6-8 at the Intercontinental Hotel in Tampa
December 30, 2010 - (RealEstateRama) -- At the Jan. 5, 2011, Hillsborough County Board of County Commissioners Regular meeting, the County will hold a public hearing to amend the 2005-06, 2006-07, 2007-08, 2008-09, 2009-10 and 2010-11 Affordable Housing Annual Action Plans. The Action Plans guide the County on how it will spend grant funds received from the United States Department of Housing and Urban Development in the following grants
TALLAHASSEE, FL - August 10, 2010 - (RealEstateRama) -- Attorney General Bill McCollum today announced his office has launched three new investigations into allegations of unfair and deceptive actions by Florida law firms handling foreclosure cases. The Attorney General’s Economic Crimes Division is investigating whether improper documentation may have been created and filed with Florida courts to speed up foreclosure processes, potentially without the knowledge or consent of the homeowners involved
Washington, DC - July 29, 2010 - (RealEstateRama) -- Today, during a hearing of the House Financial Services Committee, Congresswoman Suzanne Kosmas (FL-24) called for action to stabilize the commercial real estate market in order to help small businesses grow and create jobs. At the hearing, entitled ‘Alternatives for Promoting Liquidity in the Commercial Real Estate Markets, Supporting Small Businesses and Increasing Job Growth,’ Kosmas addressed the need to help small businesses who are facing a lack of available credit and are being denied the ability to renew the commercial real estate loans that are critical to their operations.
FLORIDA PARTNERSHIP RECEIVES $1,000,000 AFFORDABLE HOUSING PRESERVATION GRANT AWARD FROM THE MACARTHUR FOUNDATION
The grant will help to preserve affordable housing for 5,000 families, seniors and people with disabilitie TALLAHASSEE, FL - February 27, 2009 - (RealEstateRama) — At a press conference today, representatives from the Florida Housing Finance Corporation (Florida Housing), the Florida Housing Coalition (FHC)
ORLANDO, FL - February 13, 2009 - (RealEstateRama) — Sales of existing single-family homes in Florida rose 13 percent in fourth quarter 2008 compared to the same period a year earlier, according to the latest housing statistics from the Florida Association of Realtors® (FAR)
TALLAHASSEE, FL - January 12, 2009 - (RealEstateRama) — Florida Housing's Homeownership Pool (HOP) Program will hold a public meeting (rule chapter) on Friday, January 23, 2009, in Tampa.
WASHINGTON, October 07, 2008 - (RealEstateRama) — WHAT: 2008 REALTORS Conference & Expo WHEN: November 7-10, 2008 WHERE: Orlando, Fla. There is still time for members of...