11/23/08

April 2008
Condo_assoc_magbox

Associations face crunch

With foreclosures and bankruptcies on the rise — and some 58.8 million Americans living in association-governed communities in 2007 — a potential crisis for community associations is looming...
By Robyn A. Friedman

Falling appraisals creating drama

A perfect storm of excess inventory, declining values, and lenders burned by the sub-prime mortgage fallout are combining to make the downtown condo market what some observers are calling "a disaster that everyone should have seen coming."
By Mary Duan

Incentives woo buyers

A potential crisis for community associations is looming. And that crisis also affects potential purchasers, many of whom may not be able to obtain financing for a unit in a community with a substantial number of unit owners in arrears.
By Jennifer LeClaire

Lease-to-own makes a return

With banks tightening lending standards in a down market, some real estate developers and investors are using the rent-to-own method to sell properties.
By Jennifer LeClaire

The Closing: Russell Morris Flicker

President of development for Boca Raton-based LXR Luxury Resorts, a wholly owned subsidiary of Blackstone Real Estate Advisors, since 2005.

Mixing it up on Florida's west coast

On Florida's west coast, developers of Lakewood Ranch are finding some shelter from the troubled residential market by combining a mix of styles in a single master-planned community.
By Bridget McCrea

Aiming_high

Aiming high in low times

As president of Sperry Van Ness, Jerry Anderson spent the last four years focused on international expansion of the commercial real estate brokerage. Now, he’s given up the presidential role to focus strictly on expanding the firm’s footprint in Florida — despite the declining market.

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Real estate auctions spark sales

Springtime is seeing momentum surge for auctions that sell South Florida real estate to the highest bidder. It's just one more strategy to move properties in a down market.
By Jennifer LeClaire

Commercial report

Despite a slew of corporate bankruptcies, fallout from the housing slowdown and a battered credit market, local real estate experts are confident of the stable demand for warehouse, manufacturing and distribution space in South Florida throughout 2008.
By Becky Bergman

Property tax break a small help

While the passage of Amendment One is widely considered a victory for the citizens of Florida, whether or not the property tax changes are giving the Florida real estate market a much-needed boost is debatable.
By Tracey Velt

For Dezer, it's like father, like Trump

Dezer is president of Trump Dezer Development. His father, Michael Dezer, has been developing real estate since before his 33-year-old son was born. And Gil’s development partner, Donald Trump, needs no introduction. By Jennifer LeClaire

How bad?

It's no secret that new-home builders are slashing prices on houses here in South Florida. The good news is that buyers are getting off the sidelines, and inventory — in at least some locations — is starting to move. By Robyn A. Friedman

For Jain, there's no style recession

Developer Avra Jain is betting on South Florida's appeal to foreign buyers, her eye for unique projects and her sense of what appeals to high-end second-home buyers.
By Beverly Bidney

Baylights, green nights at eco-condo

For all the talk of South Florida going green, there hasn't been much evidence of an eco-friendly movement on the multi-residential front. Kimberly Rodstein hopes to jumpstart the momentum when her Baylights project.
By Jennifer LeClaire

Beware of the accounting GAAP

In November, the SEC voted unanimously to allow foreign companies to file financial results using international financial reporting standards (IFRS) — without reconciling the figures to U.S. generally accepted accounting principles (GAAP). The new SEC rule causes concern for some real estate players.
By Jennifer LeClaire

A d v e r t i s e m e n t s