Times have changed.  The common thought among buyers over the past few years has been to make lowball offers on short sales, REO’s, foreclosures and even regular resales to see what kind of a “deal” they can get.  Today, that strategy doesn’t work.  Not only does the strategy no longer work, it can even [...]

CityPlace mixed-used development in West Palm Beach has been spared from foreclosure proceedings with the successful negotiations of a loan modification by Miami Dolphins owner Stephen Ross.  The full terms of the modification have yet to be released, but the South Florida Business Journal is reporting a “tranche A” of $100 million and a “tranche [...]

Despite high occupancy rates for the crown jewel of Downtown West Palm Beach, the owners of CityPlace are experiencing financial difficulties.  The Palm Beach Post reported that an entity affiliated with LNR Partners of Miami Beach recently filed foreclosure proceeding in Palm Beach County Circuit Court on CityPlace Retail LLC.  The company fell behind on [...]

According to the latest housing statistics from Florida Realtors, Florida’s existing home and condo sales rose in the first quarter of 2011 when looking to the same period last year.  Existing home sales increased 13 % while existing condominium sales rose an astonishing 29%, compared to the statistics from a year ago. Dr. Sean Snaith, [...]

Today’s marketplace is providing unbelievable opportunities.  Banks are slowly releasing inventory onto the market at such low prices; they are effectively creating an auction on each property they release.  One example of this is a condo new to the market Wednesday of this past week listed for $95,000, creating a frenzy where buyers threw out [...]