Archive for the ‘Real Estate’ category

New buildings sit unoccupied in Volusia (Fl.)

September 21st, 2009

From News-journal Online (FL):

New buildings sit unoccupied in Volusia (Fl.)

A new oceanfront condo stands empty, construction crews were shut out of a nearly complete interstate hotel and the owner of a new retail center is offering free rent to attract tenants….

South Florida banks facing a new wave in real-estate crisis

September 14th, 2009

First it was the residential market, now its the commercial market…

From the Miami Herald (FL):

South Florida banks facing a new wave in real-estate crisis

Just as the housing market is showing signs of life, here comes another real-estate crisis..

» Read more: South Florida banks facing a new wave in real-estate crisis

Debt Clouds Future of Miami’s Fabled Fontainebleau

September 4th, 2009

From Wall Street Journal:

Debt Clouds Future of Miami’s Fabled Fontainebleau

MIAMI — South Florida’s Soffer family, already roiled by the June bankruptcy of its $3 billion Fontainebleau casino-hotel project in Las Vegas, is grappling with troubles at another cornerstone of its $7 billion real-estate empire: The original Fontainebleau hotel in Miami Beach.

Miami’s Fontainebleau hotel recently underwent a $500 million renovation.