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CoreLogic: 767,000 completed foreclosures in 2012

Foreclosures dropped 21% between Dec. 2011 and Dec. 2012, according to CoreLogic. Fla. tops with 10.1% inventory in Dec. but als

Concerns remain over mortgage interest deduction

Congress’ support for homeownership seemed to waver last year, though it appears more solid now. But NAR says the mortgage deduc

Governor’s budget supports affordable housing, more economic development

Gov. Scott proposed a budget hailed by housing and business groups. It has $50 million for affordable home programs and funds ot

Florida Realtors PAC campaign receives national honors

State association is a finalist in two categories in the national PR News Nonprofit PR Awards for the Florida Realtors PAC, “I G

Florida rolls out pro-business branding campaign

Tagline: “Florida. The Perfect Climate for Business.” Officials say state branding will help attract economic investment and com

FHA to tighten some loan rules

Some changes could make it more difficult for a buyer to qualify. Amount over $625,500? You now need 5% down. Lower credit score

Homeownership also the newly American dream

Census Bureau: 51.5% of foreign-born residents own a home in U.S. – 59.5% in Fla. It ranges from 63.4% in Jacksonville to 57.5%

UF: Fla.’s consumer confidence down one point in Jan.

UF: Confidence, however, rose five points for those making less than $30,000, an increase offset by a seven point decline among

Fannie Mae: Improvement continues – but slowly

Housing will contribute to U.S. growth in 2013, and growth will continue thanks to housing. But economists expect it to be “belo

NAR: Dec. pending home sales down but still on uptrend

A smaller supply of homes for sale, notably those costing less than $100,000, make it tougher to get a contract signed, says NAR

Realtor complaint website shut down

The site allegedly posted fake reviews that it would take down for a fee, but it quickly faced objections from Florida Realtors,

NAHB: Multifamily to remain strong through 2013

Panelists say multifamily has recovered substantially since 2010, and it’s now about 70% of the way back to a sustainable level.

Push for Fla. education reform impacts housing

School quality impacts home values. A Florida Realtors group is studying the issue, and Pres. Asher backed Gov. Scott’s move tod

FHFA: House Price Index Up 0.6% in Nov.

Agency that tracks Fannie Mae and Freddie Mac loans found a 5.6% increase over 12 months, with the last price decline in January

Home builders release forecast for 2013

The good: “Every measure andhellip; has been trending upward.” The bad: “tight mortgage lending andhellip; inaccurate appraisals

NAR: Existing-home sales slip in Dec., prices rise; 2012 totals up

NAR: Existing-home sales slip in Dec., prices rise; 2012 totals up

Fla.’s housing market continues positive track in Dec. 2012

Home sales up 15.8% year-to-year, prices up 14.1%; condo sales up 8.6%, prices up 26.3%. NAR: Dec. sales slip 1% compared to Nov

Remodeling market remains strong in 4Q

Americans are upgrading property at the fastest pace since early 2004, partially thanks to buyers personalizing new homes.

Website forces Realtors to check online reputation

An apparent scam asks Realtors to pay money to remove negative online reviews. NAR suggests six steps to help protect an online

Appraisal rule issued for higher interest loans

Six federal agencies issued rules that protect buyers with higher-interest loans, including a mandate that appraisers physically

Fla. A.G. Bondi: $60M more available for housing

Fund approved by Legislature includes $35 million for downpayment assistance, $10 million for counseling and $5 million to speed

Fla. has money for foreclosed owners but few apply

The window to apply ends tomorrow. Fla. A.G. Bondi’s office attempted to contact ex-owners and has now started calling to boost

Fla. has nation’s top foreclosure rate in 2012

One in 32 Fla. housing units with a mortgage – 3.11% – received at least one foreclosure notice last year. Second-place Nev. saw

Business identity theft on upswing in Fla.

Florida Realtors joined state leaders for a discussion on business identity theft. Report recommends ways to make it more diffic

Buyers: Don’t just list a home – prepare it first

To sell a home or get top dollar, sellers must look at their property through the eyes of a potential buyer. Consider these five

Foreclosure inventory falls 10% in one year

Lender Processing Services: November Mortgage Monitor report by Jacksonville-based LPS finds national foreclosure inventory drop

Builder confidence steady in January

NAHB: The new-home market looks much better than it did one year ago, but the fiscal cliff caused a number of builders to temper

What does the typical Fla. buyer, seller look like?

Would a Realtor marketing to first-time buyers get more leads targeting retirees? Find out: Fla. Profile of Home Buyers and Sell

CoreLogic predicts 6% home price increase in 2013

Latest CoreLogic report says 2012 saw “an impressive recovery.” Its index based on repeat sales had a 7.5% price increase last y

How does the new QM mortgage rule impact buyers?

NAR released a statement praising the QM released last week, saying it won’t disrupt the market. However, a few things will chan

Florida Realtorsandreg; seeks student scholarship entries

What if your child could get money to help pay for school – and it’s not a loan? Apply for Education Foundation Student Scholars

Enter now: NAR’s 2013 Volunteering Works Program

Realtors working with a small-scale charity could receive a year of mentoring and $1,000 to expand their charitable program.

Website scams Realtors protecting their reputation

A website appears to scam Realtors by posting a negative comment – probably fake – and then offering to remove it for a fee.

Housing affordability sets all-time record in 2012

NAR has not yet reported Dec. numbers, but 2012 is lining up to be the best year for housing deals since recordkeeping began in

Qualified mortgage (QM) rule announced

The QM (qualified mortgage) rule, which had the potential to disqualify more buyers seeking a mortgage, was released today – it’

Fla. releases info on state insurance companies

Fla.-owned Citizens Property Ins. tops state with 1.4 million policies – more than the four largest private insurers combined.

7 tax mistakes startups should avoid

Taxes can be confusing, and many startup business owners fail to fully understand the rules. Best advice: Hire a good tax advise

Citizens Property Ins. offers new type of coverage

Fla.-owned insurer’s new policy is about 21% cheaper, but it covers less and comes with restrictive rules on who qualifies for c

HUD and Census Bureau expand access to housing info

Online tool allows anyone to research economic data, including housing, by state, county, city, zip code and county subdivision.

Google home searches up 243% in four years

NAR/Google study: When shopping, buyers tend to use search engines first, maps second and mobile apps toward the end.

Improving housing market list expands to 242

NAHB: 67% of U.S. markets have improved for at least six months. Fla. has 15 cities on Jan. list, though two dropped off.

Real estate pros expect good things in 2013

There’s no sure thing, but home prices are up, buyers searching, mortgage rates staying low and pending sales rising.

Top real estate stories of 2012

What changed the state’s real estate world this year? Florida Realtors put together its annual list of top stories.

No Fla. counties mandate septic tank inspections

Septic inspections became law in 2010; but in 2012, lawmakers gave 19 high-risk counties an opt-out and all took it.

Fla.’s housing market continues upswing in November

Home sales up 24% year-to-year, prices up 11%; condo sales up 18%, prices up 23%. NAR: Sales up about 6%, prices up 10%.

Agents prepare homebuyers to compete

Many buyers still expect a great deal on a foreclosure, so agents must prep them for a competition of multiple bids.

Developers scramble to catch up with apartment boom

Apartment demand has developers ramping up work. Multifamily building is about 2/3’s what it was before the recession.

Nov. home sales, prices higher than expected

Re/Max CEO calls 2012 a “great turn-around year for housing”; says Nov. had 15.7% sales increase year-over-year.

Builder confidence at six-year high

NAHB: It’s a two-point gain from a slightly revised Nov. reading and its highest level since April 2006.

Sobel Co. planning townhomes in Pompano Beach

A developer is taking advantage of an improved housing market with plans to build a second boutique townhome project in Pompano

Renowned architect Ingels behind bold Marina Lofts proposal

But some Fort Lauderdale residents say development would be out of place

The renderings are striking for Marina Lofts,

Citizens Property Insurance undergoes KPMG audit

In its continuing efforts to get its own house in order, Citizens Property Insurance Corp.

Flipping homes not as easy as it appears

Board-certified real estate attorney Gary M.

S. Fla. among 20 best markets for buying foreclosures

Despite recent concerns about a shortage of homes for sale, South Florida still ranks among the top 20 markets nationwide in whi

Citizens executives preach moderation

Top executives for Citizens Property Insurance Corp.

South Florida home prices rise in November

South Florida home prices increased in November as the housing market continues to show signs of steady improvement.

Bank of America files to evict Boca Raton squatter

Andre Barbosa’s days of stylish squatting in a $2.

Housing starts increase as buyer sentiment improves

New homes are rising again across South Florida.

Insurance advocate touts mitigation to lawmakers

A Broward County home was featured Wednesday in Florida Insurance Consumer Advocate Robin Westcott’s presentation before the Sen

S. Fla. home prices rise amid strong demand, lack of inventory

South Florida home prices increased in January, pushed higher by investors and other buyers trying to outbid each other for a sh

Zillow: Underwater mortgages declining but problem persists

The problem of underwater mortgages is subsiding but remains “a major factor” in the housing market, Zillow.

Jorge Perez moving forward with Hallandale Beach condo

Developer Jorge Perez has launched sales at his latest condominium project, BeachWalk in Hallandale Beach.

Chase, Wells Fargo to hold short sale seminar for real estate agents

A seminar Tuesday will help real estate agents understand how Chase and Wells Fargo process short sales.

South Florida home prices rise 10.6 percent in December

Home prices increased across South Florida in December for a 12th consecutive month, according to a national report released Tue

Taco chips found by location

If you like to cook, chances are that your kitchen is the heart of your home. Many family traditions center around food, so it’s

RIDA to enter tight 1-bedroom market

Orlando’s preliminary approval of apartments as part of RIDA Development’s as-yet-undeveloped Central Station project will add m

Floridians get average $75,949 in relief from mortgage settlement

The historic settlement involving the nation’s five largest mortgage lenders has so far helped nearly 102,000 struggling Florida

Miami seminar to aid struggling homeowners

Struggling homeowners in South Florida can discuss available options with lenders and housing counselors during a two-day worksh

Orlando’s $4M Parramore land buy could host soccer stadium

There’s no agreement to build a Major League Soccer stadium in Orlando, but city officials don’t seem to be waiting.

On Monday

Foreclosure-related home sales decline in 2012

For the second consecutive year, Broward County buyers closed on fewer homes in some stage of foreclosure.

Many improving their bad credit as economy improves

Melvin Montesino endured the full brunt of the Great Recession: A lost job, then foreclosure and even bankruptcy.

Fiserv: Foreclosures may hurt S. Fla. home prices

Average home prices in Broward and Palm Beach counties could fall through the third quarter of this year before rebounding in 20

Fast-rising home prices stir fears of another bubble

South Florida’s once-moribund housing market has rallied, with bidding wars pitting investors against first-time buyers in a cha

Investors starting young as housing market heats up

At 28, Rob Lananna wants to make real estate investing a full-time gig.

South Florida apartment rents expected to keep growing

South Florida apartment dwellers will have to open their wallets wide over the next five years, according to a report released t

Real estate expo planned for Palm Beach County

Nearly 200 exhibitors have signed up to participate in the Palm Beach International Real Estate Expo later this month.

The CoStar Watch List Newsletter for Mar. 7-13

This Week’s Top Stories

Banks Edge Back Into Investment Property Lending
Banks boosted their overall lending for

Citizens is political minefield in Capitol debate

Florida lawmakers have been trying to “fix” Citizens Property Insurance for years.

The CoStar Watch List Newsletter for Mar. 14-20

This Week’s Top Stories

Changing Office Trends Hold Major Implications for Future Office Demand
Imagine what would happen if

In The Pipeline: CoStar Development & Construction News for March 10 – 17

In The Pipeline is a column on significant acquisitions of commercial

Parkway Closes 1M-SF Office Purchase

An affiliate of Parkway Properties Inc. (NYSE:PKY) closed on its purchase of a 1.02 million-square-foot Commercial real estate prices resumed broad-based gains in April, shaking

NAR testifies to U.S. House about mortgage rules

NAR president tells committee: Redefine ability-to-pay rules, citing current method hurts title companies, smaller lenders and b

Florida Realtors take part in Gov. Scott’s business mission to France

Gov. Scott praises Florida Realtors’ leaders, members for “exceptional job promoting Florida at home and abroad.” Pres. Asher me

Another big jump in South Florida home prices

South Florida home prices soared in May, again posting strong gains amid steady demand from cash buyers and slim pickings of pro

HUD awards $471K in Fla. housing counseling grants

Money going to 28 local counseling agencies in Florida. Last year, two HUD studies found counseling improved the likelihood that

Fla.’s housing market continues momentum in May 2013

Existing home sales up 18.7% year-to-year, price up 15.9%; condo sales up 11.5%, price up 13%. NAR: Single-family sales up 12.7%

CoStar’s People of Note (June 16 – 22)

This week’s People of Note includes the following markets: California, San Francisco, New York City, East Bay, Washington DC, H

Fla. home to 1/3 of all vacant U.S. foreclosures

RealtyTrac: Fla. had 55,503 of the nation’s 168K empty properties in foreclosure but not yet bank owned. Second-place Ill. logge

What happens when interest rates rise?

Freddie Mac: While refinancings will slow, mortgage rates would have to hit 7% for a median-income family to be locked out of a

Marketing to baby boomers? Sell low taxes

Retiring baby boomers may like Fla.’s sunshine, beaches and warm weather – but the big draw is low taxes, and some high-tax stat

Websites linked to increase in moving scams

A move exclusively within Fla. has fairly strong legal protections, but that’s not true for some fly-by-night interstate movers

Report: Condo development lagging in PB, Broward counties

Relative lack of foreign buyers keeping builders away, CondoVultures says

The housing market is brutal on homebuyers in

Corporate relocation was good business move, good personal move

Bob Owens, 54, is president of the newly rebranded Owens Realty Services, which recently moved its headquarters from Connecticut

Real estate notebook: GL Homes development nearly sold out

Here’s more evidence that the housing market is hot.

Economist: Housing bubble talk ‘far off base’

Couple of interesting notes from last week’s housing reports from Florida Realtors and local boards.

30-year FRM has highest one-day increase on record

Last week’s Freddie Mac survey, which wraps on Wed., found a slight decline. But after Thur. and Fri., Mortgage News Daily calle

Case-Shiller index: S. Fla. home prices increase again

Home prices continue to rise in South Florida and across the country, a new report shows.

FAU research park nearing full occupancy

Five leases signed as commercial real estate rebounds from recession

The Florida Atlantic University Research and Deve

In The Pipeline: CoStar Development & Construction News for June 23 – 29

$1.6B Merchants Row Breaks Ground In Quincy
A host of dignitaries gathered in downtown Quincy, MA, to celebrate the groundbreaki

Consumers more confident in June – a lot more

The Consumer Confidence Index surged 7.1 points in June, the third consecutive increase. “Pace of growth is unlikely to slow in

300,000-SF Jacksonville Industrial Building Trades for $2.9 Mil.

Dupuy Storage Florida LLC purchased 5550 W 5th St in Jacksonville, FL from Zell & Zell for $2.9 million.

The 300,000-square-foo

C2C Solutions is Latest Coup for Downtown Jax

Downtown Jacksonville gained a prime corporate tenant last week after Medicare claims processing firm C2C Solutions announced pl

NAR: Pending home sales surge to six-year high

The number of signed contracts in May increased 6.7% in one month and 12.1% year-to-year. The rise in mortgage rates may have nu

Can wallboard stop an economic recovery?

Builders and lumber dealers say supply shortages – a lack of oriented strand board, wallboard, framing lumber and plywood coul

Florida Realtors advises homeowners to take summer holiday safety precautions

Families take vacations – criminals don’t. Florida Realtors advises homeowners to take precautions if leaving their house unoccu

UF: Floridians’ confidence keeps growing

For the fourth month in a row, more Floridians surveyed by UF had an upbeat attitude about the current economy and what will hap

30-year mortgages zoom up to 4.46% , steepest jump in 26 years

Thirty-year fixed home loans jumped more than half a percentage point in a week  to an average 4.

CoStar’s People of Note (June 23 – 29)

This week’s People of Note includes the following markets: Chicago, Northern New Jersey, Atlanta, Indianapolis, Washington DC,

Developer breaks ground on Hollywood condo-resort

Project is expected to be completed by first-quarter 2015.

Some Florida laws become effective July 1

On Monday, tax loopholes close, squatters find it more difficult to claim abandoned homes, and it’s easier to rent out a home ye

Facility Closures & Downsizings: Best Buy: Two Steps Back, One Step Forward

Best Buy Co. Inc. gradually continues to optimize its U.S. real estate portfolio.

The Minneapolis-based retailer’s key focus

Real estate notebook: Boca Raton office building gets new name

The former Tyco building in Boca Raton is sporting a new name.

New law allows longer homestead rentals in Fla.

Homeowners now have more flexibility to rent out their home for short periods. A law effective today defines how long and how of

Fla. ‘pocket listings’ legal, but avoid problems

It’s OK to withhold a listing from the MLS, but it’s tricky. Sellers must understand the potential problems, and it could be que

Top national honor awarded to Florida Realtors

Ragan Communications named Florida Realtors magazine “Best External Publication” in its 2013 PR Daily Awards.

Report: Jimmy Buffett buys another home in Palm Beach

Jimmy Buffett seems to be acquiring Palm Beach pads like so many hit songs.

Florida Realtors: Brokers must be careful with ‘pocket’ listings

As the housing inventory continues to tighten, we’re hearing more about “pocket” listings – homes held off the

Mickler Joins NAI Hallmark Partners

NAI Hallmark Partners has brought Bryan Mickler on board where will focus on sales and leasing of retail, office, industrial and

New rules boost homeowner association regulations

A new law requires all Fla. homeowner associations to register with the state by Nov. 22, 2013. It also limits some actions of t

All Fla. public notices will now appear online

Businesses that stay current on zoning changes, special assessments and more will have an easier time doing so – a new law says

National group advocates for short-term rentals

So far, Fla. has two local chapters of the advocacy group. Its goal: Share information, establish best practices and advance sma

Fla. home to 7 of top 15 retirement investments

RealtyTrac: “These popular retirement cities will very likely be an area of growth.” In each, at least 1/3 of the population is

CoStar’s People of Note (June 30 – July 6)

This week’s People of Note includes the following markets: New York City, St. Louis, Cincinnati, Hampton Roads, Seattle, Dallas

CNL contracts to buy Mt. Vernon Inn

A unit of Orlando-based CNL Financial Group Inc. has a contract to purchase the Best Western/Mt. Vernon Inn, home of the long-ru

Luxury home near Boca Raton headed for auction block

Owner selling to highest bidder, regardless of price

The estate home in the gated Le Rivage community near Boca Raton s

May sees big drop in mortgage delinquencies

Jacksonville-based LPS: The number of at-risk mortgages dropped 15% since Dec. 2012, and is now at its lowest level in 11 years

10 tips for buying real estate with IRAs

Using retirement accounts to buy real estate can be highly lucrative, but also risky. First step: Know what you’re doing before

Home auction near Boca set for Wednesday

The bidding starts at 1 p.

‘Class B’ office space in high demand

The Gallery Center, a “Class B” office building in Boca Raton , traded hands recently for $6.

CoreLogic: Foreclosure inventory down 27% for year

Fla. still leads the pack, however, in highest number of completed foreclosures for the year (103,000) and highest foreclosure i

NAR survey: Younger buyers more optimistic

More than any other age group, Millennials are more confident that their recent home purchase was a good financial investment, a

Short sale listings must have five days in MLS

Starting Aug. 1, Fannie Mae and Freddie Mac short sales must remain “active” for at least five days in the MLS – and the timefra

RealtyTrac: Florida leads in foreclosures, but new cases decline

Florida finished the first half of 2013 with the nation’s highest foreclosure rate, but the crisis appears to be easing, a

Foreclosures down 14% in June, lowest in 6.5 years

RealtyTrac: Fla. foreclosure starts down 26% in June, but number of scheduled auctions increased 100%. State still leads the nat

InTown Suites Portfolio Sells for $735M

Starwood Capital Group, a global real estate investment firm based in Greenwich, CT, closed on the sale of the InTown Suites com

Census Bureau: Median home prices up 2.3% in 2011

Data about 2011 released today is old but extensive. American Housing Survey shows why people move, when they make repairs and o

Citizens joins the world of social media

Want to stay current on Citizens Property Insurance updates? On July 1, the Florida-owned insurer entered social media with acco

Freebie Friday: Free stuff to do this weekend in Orlando

Here’s what’s free this week:

Easy Beauty & Barber School, 5040 W. Colonial Drive, Orlando, is offering free haircuts to men a

Luxury home in Boca Raton auctioned for $1.52 million

Proxy bidder expected to close by Aug.

The house in the middle: Here’s what you get for ‘median price’ these days

The 1,600-square-foot home in the Coconut Creek subdivision of Winston Park came with tile and wood floors, custom cabinets in t

Realtors see increase in fair housing complaints

Testers use the Internet to find ads that discriminate, then file a complaint. Florida Realtors Legal Hotline has received an in

CoStar’s People of Note (July 7 – 13)

This week’s People of Note includes the following markets: Orange County, CA, Indianapolis, New York City, Raleigh / Durham, Chi

Demand for new homes heating up in Parkland

Upscale community in northwest Broward the only area offering large tracts for development

Homebuilders have descended

Mortgage rates keep going up, now 30-year loans averaging 4.51%

Mortgage interest rates keep trending up — average 30-year fixed loans  now are at 4.

Blackstone and iStar Invest in Landmark Apt. Trust, Funding Purchase of 8 Properties

Richmond-based Landmark Apartment Trust of America Inc. agreed to issue up to 21.9 million shares of Series D Preferred Stock to

Orlando’s existing-home price breaks $150K for 1st time since 2008

Orlando’s housing recovery stayed on a roll in June, a new report shows.

The median sale price of existing homes for the month

Homebuyer seminar for military vets set for Saturday

A homebuyer seminar and expo for military veterans will be held Saturday near Hollywood.

Real estate notebook: Tyco division gets new Boca digs

Tyco Integrated Security in Boca Raton is moving, but not far.

Many salespeople lack formal training in sales

CareerBuilder survey: 75% of sales leaders offer formal staff training, but 22% only rarely – and 25% don’t provide formal sales

NAR creates flood insurance disclosure

Rising flood insurance costs will impact some Fla. homebuyers. NAR recently posted legal advice for Realtors who are affected an

Realtor.com enhances iPhone and Android app

Users can now share listings quickly through Facebook and Twitter; view better photos and navigate quickly through a shortcut me

Attend Florida Realtors 2013 Convention: Be a rock star for your business

Aug. 14-18 event “provides outstanding value to any Realtor interested in the latest technology, trends and best business practi

In The Pipeline: CoStar Development & Construction News for July 14 – 20

Amazon Adds Another 613,000 SF of Office In Seattle’s South Lake Union
Vulcan Real Estate confirmed that Amazon.com will occupy

Homebuyer workshop offered in Spanish

A first-time homebuyer workshop will be taught in Spanish on Aug.

Upscale office buildings hit the market

Owners looking to strike while interest rates remain low

About a dozen high-end office buildings are up for sale in Bro

Real estate appraisers optimistic about future

Appraisal Institute survey: 84% of residential appraisers say their local residential real estate market is strong; 46% of comme

Jenks Joins Cushman & Wakefield Jacksonville

Cushman & Wakefield appointed Traci Jenks as a senior director in its Jacksonville office. She joins the office brokerage servic

Cortland Partners Continues To Add To Multifamily Property Holdings

Cortland Partners, an Atlanta-based, full-service multifamily real estate investment and management firm, recently closed on the

CoStar’s People of Note (July 14 – 20)

This week’s People of Note includes the following markets: Chicago, South Florida, Indianapolis, San Diego, Seattle, Phoenix, N

Some condos nixed by FHA now have a backup plan

More condo projects now include wording that allows units to operate as transient rentals, which isn’t allowed. But FHA now prov

Even as stock market soars, financial planners urge balanced investing

The stock market has soared to record highs this summer, while bonds have suffered a rocky ride.

So how should investors react

Fla. construction up 39.8% in major-metro markets

BidClerk: Private activity rose 5.4% year-to-year while public activity rose 66.7% in 2Q 2013. Total value of all projects: $4,1

Home flipping up 19% in first half of 2013

RealtyTrac: About 18,000 homes flipped in Fla. – almost one out of seven nationwide. Daytona Beach is nation’s top city for flip

HUD and FHA offices closed on Monday, July 22

FHA’s Resource Center and National Servicing Center remain open for general questions, but they’re not allowed to help with a sp

Crosland Southeast Acquires Portfolio of 24 Blockbuster Stores

Commercial developer Crosland Southeast, a Charlotte, N.C.-based retail development firm formed in 2011 through its partners’

Broward’s median home price jumps 23 percent in June

Broward County’s median price for existing single-family homes hit $265,000 in June, a 23 percent increase from a year ago

Expired listings: Another frustration for South Florida homebuyers

The five-bedroom house on Northwest 63rd Way in Parkland was listed for sale last week on Zillow.

Even with good credit scores, subprime borrowers often denied help

Travis Armstrong, a long-haul trucker, has made his mortgage payments for six years.

June’s national home sales slip, but above year ago

NAR: Total existing sales down 1.2% from May, up 15.2% from year ago. Median price up 13.5% over year ago. Fla.’s housing data d

Market Trend: Jacksonville’s Office Vacancy Decreases to 12.6%

The Jacksonville Office market ended the second quarter 2013 with a vacancy rate of 12.6%.

The vacancy rate was down over the

In The Pipeline: CoStar Development & Construction News for July 21 – 27

Partnership Acquires Tribeca Development Site for $223M
A partnership of Fisher Brothers and The Witkoff Group has acquired 101

PB County home prices, sales increase in June

Palm Beach County’s median home price rose to $259,990 in June, 16 percent higher than a year ago, according to a report r

FHFA: House price index up 0.7% in May

Fed looks only at single-family home sales under Fannie Mae and Freddie Mac to calculate changes. Prices rose 7.3% year-to-year.

Fla.’s housing market trending up in June 2013

Single-family home sales rose 8.6% year-to-year while prices rose 15.1%. Condo-townhome sales fell slightly by 2.5%, but prices

Real estate notebook: Firm taking bids on oceanfront condos

A Miami-based private equity firm is packaging a half-dozen oceanfront condominiums for sale on Singer Island.

Everbank Financial Expanding Jacksonville Office Space

Everbank Financial Corp. signed a 62,798-square-foot lease at 301 W. Bay St. in Jacksonville.

Everbank will expand to occupy t

In College Park, housing prices soar above the city’s median

The story of Orlando’s housing market today is pretty straightforward: the inventory of available homes is thin, while pri

College Park housing market soars

COLLEGE PARK – The story of Orlando’s housing market today is pretty straightforward: the inventory of available homes is

Report: Heat’s Battier spends $3.2M on Coral Gables home

Miami Heat hero Shane Battier paid $3.

In U.S. cash sales down, short sales up

RealtyTrac’s first residential report: In Fla., 57% of June’s sales were for cash; short sales made up 29% of all sales, and inv

NAR approves realtor.com changes to stay competitive

NAR’s board agreed to change existing operating agreement. Realtor.com will now compete better with companies like Zillow by acc

CoStar’s People of Note (July 21 – 27)

This week’s People of Note includes the following markets: Los Angeles, Indianapolis, Dallas, Atlanta, Madison, San Francisco, N

Market Trend: Jacksonville’s Retail Vacancy Decreases to 7.8%

The Jacksonville retail market did not experience much change in market conditions in the second quarter 2013.

The vacancy ra

Fla. school ratings decline under new standards

State has 39% fewer “A” schools this year and 167% more “D” schools under stricter testing standards. Buyers shopping for good s

Renters say homeownership a top priority

NAR survey: Now, more than in past three years, renters are considering a home purchase. They overwhelmingly believe it’s a good

Turner wins airport intermodal project

Turner Construction won the contract to manage construction of a $150 million intermodal terminal at Orlando International Airpo

07/29: Progressions

Consulting

David Beerbower was promoted to senior client manager and Mark Mulligan was promoted to environmental department ma

Homebuilder launching 55-and-over community near Delray

Ansca Homes is taking down names and numbers.

Struggling homeowners can find foreclosure alternatives

Even as the housing market improves, those who bought during the bust are still struggling.

Jacksonville Industrial Building Sells for $4.7M

Marjam Supply Co. purchased 9444-9446 Florida Mining Blvd. E. in Jacksonville, FL from Industrial Realty Group for $4.7 million,

Pending home sales slip slightly in June

That may be good, however. Rising interest rates deterred a few buyers, and an increase in sellers could be the start of a comfo

Case-Shiller index: S. Fla. home prices rise again

An index measuring South Florida home prices rose in May for a 17th consecutive month.

CoreLogic: 55,000 completed foreclosures in June

Homes in pre-foreclosure dropped 28% for year, though Fla. retains dubious status: No. 1 for completed foreclosures and No. 1 fo

Florida Realtors publishes 718 reports each month

Need research? The Industry Data and Analysis department issues housing stats for the state, plus individual reports for MSAs, c

Consumer confidence drops slightly in July

Confidence increased year-to-year but was down for the month. U.S. consumers felt better about their present situation but a tad

UF: Florida’s consumer confidence dips unexpectedly

Despite state’s good economic news, the July index dropped 3 points, likely due to younger residents feeling more pessimistic ab

Corelogic: Broward home prices could decline

Broward County home prices keep climbing, but a new report says the county will see a slight drop in the next year.

Home prices to stabilize or fall in 6 Fla. cities

CoreLogic Case-Shiller: In 1Q, home prices in six Fla. cities rose 9.5% to 14.6%. Study predicts stability by 2014, with a sligh

How does the health insurance law impact you?

The Obama Administration unveiled a new educational website. Employers plug in a few details, and company-specific questions app

CoStar’s People of Note (July 28 – Aug. 3)

This week’s People of Note includes the following markets: New Jersey, Boston, New York City, Philadelphia, Dallas, Chicago, Wa

Family homebuyers optimistic about housing recovery

Survey: More current homeowners are ready to move up. Millennials (adults ages 18-34) have the strongest desire and see it as a

Market Trend: Jacksonville’s Industrial Vacancy Decreases to 8.9%

The Jacksonville Industrial market ended the second quarter 2013 with a vacancy rate of 8.9%.

The vacancy rate was down over

Commercial real estate market recovering

Office tenants don’t have as much of an advantage over landlords

Steve Cohen said it was brutal being a commercial land

Four homes left in Olympia development

The 1,623-home Olympia development in Wellington is down to the final four.

Multiple offers put South Florida home sellers in control

The spiffy five-bedroom house on a quiet cul-de-sac in Miramar hit the market for $379,900 on a Monday.

Need flood insurance answers? FEMA to host webinars

Webinars are for lenders, but FEMA encourages Realtors to join in. Three Aug. sessions focus on the new coverage rules, and thre

Mortgage closing costs up 6% over past year

Bankrate.com study: Fla. closing costs increased year-to-year more than most states. A $160K mortgage costs $2,517. Only eight o

Saddlebrook Landings Sells in Jacksonville

MLG Capital and Landings Real Estate Group purchased Saddlebrook Landings, a multi-unit residential complex at 3020 Christopher

CoreLogic: June home prices up 11.9% year over year

In Fla., price index rose 11% year-to-year and 1.9% month-to-month. It’s the nation’s sixteenth consecutive monthly increase in

Lake Worth celebrates opening of live/work lofts

The city of Lake Worth will hold a grand opening ceremony Friday for Urban Arts Lofts – 12 live/work residences built with

Broward’s foreclosure auction firm ordered to pay $8.1 million for software patent violations

The Plantation company that handles Broward and Miami-Dade’s online foreclosure auctions and Palm Beach County’s tax lien sales

Obama backs 30-year mortgage, more private funding

President wants to wind down gov’t-owned Fannie and Freddie with more private money funding mortgages – but only if buyers still

Fla.’s housing market continues positive trends in 2Q 2013

2Q existing home sales up 14.7% year-to-year, price up 14.1%; condos up 7.9%, price up 16.7%. NAR: Sales up 12.3% year-to-year,

Coral Springs firm accused of running mortgage relief scam

Florida Attorney General Pam Bondi’s office has sued a Coral Springs company for allegedly preying on distressed homeowners in a

CoStar’s People of Note (Aug. 4 – 10)

This week’s People of Note includes the following markets: Phoenix, Southern California, Indianapolis, Chicago, New York City,

Builders see significant improvement in 55+ market

NAHB’s index on the older adult market increased 24 points to 53 in 2Q to its highest level since index introduced in 2008 and s

Watercrest at Parkland sales center opens this weekend

A California builder this weekend is opening the sales center at Watercrest at Parkland, a 450-home lakefront development on lan

HUD awards Fla. $47.5M to improve public housing

HUD’s Capital Fund Program provides funding annually to public housing authorities to build, repair, renovate and modernize publ

Market Trend: Jacksonville’s Office Deliveries, Construction and Inventory

During the second quarter 2013, three buildings totaling 51,211 square feet were completed in the Jacksonville market area.

Th

Celebration Is Coming to Gainesville

Celebration Pointe, a planned 125 acre, 1 million-square-foot mixed-use development located in Gainesville, FL, is set to begin

Real estate notebook: S. Fla. home sales, prices rise in 2nd quarter

Housing markets in South Florida and across the state enjoyed a robust second quarter.

Florida Realtor magazine wins top state awards

The Florida Magazine Association recognized Florida Realtors’ publication for writing and design excellence with four awards its

Disney-area resort collapses into 100-feet wide sinkhole

First came the cracking sounds. Then windows started blowing out. And before they knew it, guests felt the ground beneath their

First-time homebuyer workshop scheduled for Saturday

A workshop this weekend will give first-time homebuyers the latest information on how to find a place, qualify for a mortgage an

In The Pipeline: CoStar Development & Construction News for Aug. 11-17

Vulcan’s Ada Healey On Secrets of Developer’s Success
Since 2001, Ada M. Healey has directed all real estate activities for Seat

FHFA seeks input on reducing multifamily loans

The gov’t wants to back fewer loans through Fannie and Freddie, and asks if it should change loan terms, limit financing or use

WCI building 100 more homes in Parkland’s Heron Bay

With new-home demand soaring, WCI Communities is launching another neighborhood within the Heron Bay development of Parkland.

How long is too long to live at home with parents?

Coldwell Banker Survey: Parents think kids should move out three years after college, but those young adults think five years so

RealtyTrac: Foreclosures persist in Florida

Foreclosures continue to dog Florida, but the outlook appears to be brightening, experts say.

Coldwell Banker Commercial Benchmark Hires Sistare

Coldwell Banker Commercial Benchmark named Joseph “Chip” Sistare III as a sales associate in its Jacksonville office.

As a par

July month-to-month foreclosure activity up 2%

It’s the first month-to-month increase in over six years. Nine of the nation’s 10 highest metro foreclosure rates were in Fla.,

The Markets At Town Center Trades For $135M

Hines Global REIT acquired The Markets at Town Center in Jacksonville, FL from Pinehill Investment Co. for $135 million.

The ni

Florida Realtors honors Patricia “Patti” Fitzgerald as 2013 Realtor of the Year

Patricia “Patti” Fitzgerald, 2011 president, was named 2013 Realtor of the Year today at Florida Realtors’ 97th annual Conventio

Orlando home prices soaring

Spurred by rising demand, Orlando’s housing-market recovery took a big step forward last month as resale prices rose at their fa

CoStar’s People of Note (Aug. 11 – 17)

This week’s People of Note includes the following markets: Minneapolis, Long Island, Atlanta, Houston, Dallas, Phoenix, Chicago

Market Trend: Jacksonville’s Retail Deliveries, Construction and Inventory

During the second quarter 2013, 11 buildings totaling 83,662 square feet were completed in the Jacksonville retail market.

Ove

New maps shows which S. Fla. neighborhoods have the best schools

House hunters who want to know what neighborhoods have the best schools can check out new maps for Broward and Palm Beach counti

Decision near in battle of tree vs. apartments

Before commissioners vote Tuesday on the massive, architecturally unique Marina Lofts apartment project that could transform dow

Real estate notebook: Boca Raton realty tops $110 million in sales

The housing recovery has been gold for many real estate firms across the region.

Lessons learned from home flippers

Investors shouldn’t count on fast home price appreciation

Lex Levinrad is getting phone calls.

One sure thing about flood ins.: It’s complicated

Insurance changes in Oct. and next year will up some owners’ rates – a few significantly – but others will go down. New Florida

New home communities now featured on realtor.com

Starting today, realtor.com includes new home plans and communities using content from Move Inc.’s joint venture partner Builder

Sinkholes: An overview from Fla. DEP

The sight of a condo resort sinking near Disney World prompts a could-this-happen-to-me fear. In response, Fla. issues a QandA a

Boca lawyers to discuss Florida’s new landlord-tenant law

Two Boca Raton attorneys will be speaking Wednesday at the monthly meeting of the Dade Real Estate Investors Association.

Scammers still preying on struggling homeowners

Nicholas Torgerson was a vice president at Fidelity Land Trust Co.

City, Magic working on $12.7 million deal for entertainment complex

The Orlando Magic will pay the city as much as $12.7 million for Orlando Police Headquarters and a public parking garage to make

New RealtyTrac index identifies recovering markets

RealtyTrac released its first-ever Housing Market Recovery Index (Housing MRI), which found Cape Coral-Fort Myers as a top rebou

Hallmark Partners to Build 55-Unit Condo Project

Hallmark Partners has unveiled plans for Beacon Riverside, a luxury condominium tower on the St. Johns River in Riverside, FL.

In The Pipeline: CoStar Development & Construction News for Aug. 18-25

Avalon Developers Closes $126.5M in Construction Financing
North American Properties – Atlanta, Ltd. (NAP), in a joint venture w

Zillow: S. Fla. home values jump in July

A home value index for Broward County hit $155,900 in July, a 16 percent increase from a year ago, real estate website Zillow.

Broward County home prices rise 28 percent in July

South Florida home prices rose in July as buyers continue to battle frustration in a decidedly seller’s market.

NAR: Existing-home sales spike in July

NAR: Total existing sales up 6.5% month-to-month and 17.2% year-to-year, with a 13.7% price increase. Fla. housing data delayed

Fannie Mae report: Economy picks up steam

Housing, consumer spending and manufacturing pave the way, with even better times ahead. One wildcard, however: Any Fed changes

Market Trend: Jacksonville’s Industrial Deliveries, Construction and Inventory

During the second quarter 2013, two buildings totaling 92,170 square feet were completed in the Jacksonville market area.

This

Orlando condo prices double in 3 years

Orlando-area condo prices have more than doubled in less than three years, a new report shows.

The median price for a condomin

Irmscher Joins JLL as Florida Market Director

Jones Lang LaSalle has appointed Doug Irmscher as market director for Florida. In his new role, Irmscher will oversee the firm’

CoStar’s People of Note (Aug. 18 – 24)

LOS ANGELES
Olofson Promoted to Executive Vice Chairman at Cushman & Wakefield
By Jooyoung Kim

Cushman & Wakefield, the intern

HUD charges Fifth Third Bank with discriminating

Under Fair Housing Act, people with disabilities don’t have to meet higher mortgage qualification standards if they rely on disa

Final 18 townhomes to be built at Drexel Park near Delray

A developer breaks ground Saturday on the final phase of a 120-unit luxury townhome project west of Delray Beach .

Margaritaville groundbreaking ushers in new era in Hollywood

$147 million project expected to open in late 2015

“Welcome to paradise,” the tanned man in shades told a festive crowd

Mortgage rates jump on Fed concerns

Worries about the Federal Reserve’s plan to alter its monetary policy pushed mortgage rates over the 4.

Fort Lauderdale approves Marina Lofts project, moving rain tree

After 6 1/2 hours of public comments and debate, Fort Lauderdale commissioners early Wednesday approved a developer’s plan to mo

Florida tenants face faster evictions under revised law

Florida landlords now can evict tenants more quickly — but tenants enjoy new protections when it comes to security deposit

Real estate notebook: Luxury home sales soar in summer

South Florida’s high-end homebuyers didn’t take the summer off.

Five days later, Florida Realtors releases state housing data

The Florida Realtors on Monday belatedly released its statewide housing data for July after fixing an issue involving two Realto

Commercial real estate shows steady, moderate growth

NAR: Vacancy rates are generally tightening in commercial real estate sectors with modest rent growth.

Fla.’s housing market continues positive track in July 2013

Statewide single-family home sales rose 20.9% year-to-year while median price rose 18.7%. Condo-townhome sales increased 16.8%;

REMI: Housing rebound contributes 500K new jobs

Analysis: The year-over-year rise in single-family home construction added 54,000 jobs in Fla. overall, with 28,100 of those in

7 trends in real estate

Prepare for changes, Bruce Gardner told attendees at Florida Realtors Convention and Trade Expo. For one, agents must aggressive

In The Pipeline: CoStar Development & Construction News for Aug. 25-31

Sacramento Kings Announce Architect for New NBA Arena
The NBA’s Sacramento Kings announced that AECOM will serve as lead archite

Case-Shiller: S. Fla. home prices increase 14.8 percent in June

South Florida home prices rose in June for the 18th consecutive month, according to a national index released Tuesday.

Fla. Realtor finalist for NAR Good Neighbor Award

NAR recognized 10 Realtors as award finalists. One potential winner – Kenneth W. Davis with Welcome Home Realty in Boca Raton –

Fla.: Temporary injunction in mortgage relief scam

Attorney General Bondi: Broward-based firms charged up-front fees and falsely guaranteed that defendants would have their home e

It’s not much, but Aug. consumer confidence up a bit

The Index now stands at 81.5, up from 81.0 in July. While attitudes about today declined a bit, the Expectations Index increased

July pending home sales slip a bit

NAR’s Pending Home Sales Index declined 1.3% to 109.5 in July from 110.9 in June. However, pending sales were 6.7% higher year-t

Floridians’ confidence in economy unchanged in Aug.

UF: State consumers think their personal finances have taken a slight hit over the past year, but they expect a much better outl

Fear QRM rules no more – proposal won’t slow rebound

Industry concerned that expected QRM rule would require up to 30% home downpayments. But terms announced today should have minim

Multifamily Asset Trades in East Jacksonville

Michaelson Group Real Estate acquired the Huntington at Hidden Hills in Jacksonville, FL from a joint venture for $12.5 million,

Underwater mortgages decline across South Florida

Higher home prices are slowly reducing the number of underwater mortgages across Broward and Palm Beach counties.

69% of home sales are cash in S. Florida

In South Florida, 69 percent of all home sales last month were cash deals — and that’s way above the national average.

SunTrust Net Lease Portfolio Trades for $240M

An undisclosed REIT acquired a SunTrust net lease portfolio for $240 million.

The portfolio includes 139 retail bank branches,

Scott offers $90M: Elevate road, aid Everglades flow

Dated Everglades “fixes” cause problems today. New bridge should add water flow to Everglades and ease problems on St. Lucie and

CoreLogic: 49,000 completed foreclosures in July

Foreclosure inventory down 32% year-to-year, though Fla. continues its reign as having more homes in its foreclosure inventory t

CoStar’s People of Note (Aug. 25 – 31)

This week’s People of Note includes the following markets: New York City, Chicago, Dallas, Raleigh-Durham, San Francisco, Los A

Citizens Ins. moving out 400K policies

Homeowners will receive a 30-day notice and may have a few options.

Divorce and home values: Till equity do us part

Forget the whole “till death do us part” thing.

Many unhappy couples are now calling it quits, local divorce attorneys and rea

Another Broward firm accused of scamming homeowners

A judge on Monday ordered a Broward man and his two companies to cease doing business — at least for now — and froze

Inventory crunch easing up for home buyers

More new listings hitting the market as prices increase

Lilian Cruz, a house hunter since January, has been growing wea

Two S. Fla. companies sign up to take over Citizens policies

Two South Florida companies have won approval from state regulators to take up to 56,000 policies from Citizens Property Insuran

There’s more than one way to succeed in real estate

In real estate, there is more than one path to wealth. An expert identified seven successful marketing styles and suggests agent

CoreLogic: July home prices up 12.4% year-to-year

Prices nationally rose 1.8% month-to-month. In Florida, prices rose 13.5% when distressed sales are excluded from the analysis.

Market Trend: Select Top Three Jacksonville Office Leases Signed in Q2 2013

The select top office lease signed during the second quarter of 2013 in the Jacksonville market was at 100 N Laura St. in the Do

In The Pipeline: CoStar Development & Construction News for Sept. 1 – 7

ExxonMobil Office Campus On Track for Early 2014 Move In

Construction is moving forward on the company’s sprawling new Spring

‘King of Parramore’ was one of Orlando’s biggest property owners

Mohammed Lutfi grew from a boy in Jerusalem, who at age 10 had to help support his family, into one of the biggest property owne

Law Firm Leases Space In EverBank Center

Law firm Liles, Gavin & George is moving its shingle from one downtown Jacksonville building to another.

Currently at 225 Wate

Most American families lack an emergency plan

FEMA and the Ad Council hope an ad campaign will encourage the 60% of parents without a plan to discuss post-disaster tactics wi

Net Lease Portfolio of SunTrust Branches Trades for $240M

An undisclosed REIT acquired a SunTrust net lease portfolio for $240 million.

The transaction consists of 139 retail bank branc

People’s Trust Insurance eyeing move to Deerfield Beach

Boca Raton -based People’s Trust Insurance Co.

Real estate notebook: Gulf Stream condo project completed

A boutique condominium in Gulf Stream is up and ready, the first new Palm Beach County condo completed since the market tanked i

More homeowners have enough equity to sell

RealtyTrac: 8.3 million U.S. homeowners can soon sell their home without resorting to a short sale. Fla. No. 3 for percent of mo

Newmark Grubb Phoenix Realty Taps Henley As VP

Scott Henley has been hired by Newmark Grubb Phoenix Realty Group as vice president in the company’s office brokerage services.

Study: Vacation rental performance remains strong

HomeAway Inc. says investors who rent vacation homes had a 77% occupancy rate and 19% year-to-year weekly rental increase. Fla.

1 in 5 marriages include a foreign-born spouse

Census Bureau: In 2011, about 13% (7.3M) of U.S. households had two foreign-born spouses, and 7% (4.1M) had one native-born and

CoStar’s People of Note (Sept. 1 – 7)

This week’s People of Note includes the following markets: South Florida, Dallas, Northern New Jersey, Indianapolis, San Franci

New center to serve Mo. auto-parts chain

O’Reilly Auto Parts Inc. is underway on a 390,000-square-foot distribution center in Lakeland to help serve a growing number of

CoreLogic: 2.5M more U.S. homeowners not underwater

Fla. ranked second for number of homes underwater – 31.5% of those with a mortgage – compared to 14.5% of all U.S. homes. But it

Realtors: Lower taxes? Start with commercial leases

Gov. Scott began a four-day tour asking Floridians what taxes to cut. Consider the commercial lease tax to create jobs and help

Fla. still tops for mortgage fraud – but improving

LexisNexis report: In originations just in 2012, however, Fla. ranks No. 4 for fraud – an improvement from its No. 1 status in 2

Find flood zone and insurance costs online

On FEMA’s flood insurance website, FloodSmart.gov, homebuyers can plug in an address to find a home’s flood risk level and estim

In The Pipeline: CoStar Development & Construction News for Sept. 8 – 14

‘City Within a City’ Begins to Rise On NYC’s Far West Side

With three towers totaling more than 8.6 million square feet u

Investor demand starts to wane

Investors made up 23% of homebuyers in Feb., but only about 20% in June – the lowest level since Sept. 2012. About 48% say they’

Rising interest rates could impact Fla. real estate

UF 2Q survey: Fla. experts remain optimistic, but their rosy outlook waned a bit over fear that higher interest rates will slow

Fla. foreclosure starts down 65% year-to-year

RealtyTrac Aug. report: Overall, Fla. foreclosures down 43%. Nationally, foreclosure starts – a first notice sent to homeowners

Sadowski Coalition honors best in workforce housing

A doc stamp tax on real estate sales promotes workforce housing in Fla., and an award ceremony yesterday focused on the state’s

CoStar’s People of Note (Sept. 8 – 14)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promoti

Underwater mortgages still a drag on housing market

Even with recent price increases, many owners still have lots of ground to make up

J.

Time running out for flood insurance rate fix

Many U.S. lawmakers want to help people facing flood insurance increases, but politics can get in the way. Florida Realtors tool

As a good state for business, Fla. ranks pretty high

Area Development Mag ranked state No. 1 for “renewed consideration post-recession.” Fla. also ranked high in five other categori

Market Trend: Select Top Three Jacksonville Industrial Leases Signed in Q2 2013

The select top industrial lease signed during the second quarter of 2013 in the Jacksonville market was at 8691 Jesse B. Smith C

Simon sells The Terrace at Florida Mall

The country’s largest real estate investment trust, Simon Properties Inc., has sold a shopping center next to Florida Mall for $

How the financial crisis affected Florida’s housing market

Today FOX Business Network will host a daylong special titled “The Market Meltdown: Five Years Later.

Fla. CFO rolls out healthcare webpage for small biz

Brokers: CFO Atwater unveiled small business QandA webpage, scheduled webinars and offered a warning: Watch out for health insur

Elements of Belle Rive Apts. Trades for $18M

Maxus Properties, a North Kansas City, MO-based real estate company involved in managing multifamily housing and commercial asse

Orlando home prices dip as summer ends

Orlando-area home prices took their typical end-of-the-summer dip during August, though sellers continued to dominate the housin

In The Pipeline: CoStar Development & Construction News for Sept. 15 – 21

Developers Begin Work On $2.3B Spring District TOD Project

Seattle-based developer Wright Runstad & Co. has started demolition

Developer planning Dania Beach apartments

A two-acre tract in Dania Beach sold recently for $1.

The Renaissance man of Rotary

Realtor Ken Davis of Boca Raton is an NAR finalist for the Good Neighbor Award. Davis adopted a Bahamian orphanage and flies in

Floridians support endangered species protections

UF/IFAS survey: 78% of Floridians agreed that commercial land development should be “should be restricted to protect endangered

Plantation cruise company moving to Fort Lauderdale

A company that sells cruises has signed a lease for more than 17,000 square feet in a Fort Lauderdale office building that front

First-time homebuyer course offered Saturday in West Palm

Seats are still available for a first-time homebuyer course on Saturday, Sept.

NAR: Obama’s on the right track

President’s goals jibe with NAR’s goals, association said in a statement: mortgage interest deduction, family foreclosure help,

Clermont may buy megachurch to offer more recreation for residents

Buying a church may not be the typical way for a city to expand its services, but for Clermont, it could be the answer to a pray

Trulia: Buying S. Fla. home is cheaper than renting

It’s still much cheaper to buy a home than rent, despite rising prices and mortgage rates, a new report shows.

Broward County home prices rise 26 percent in August

South Florida home prices and sales increased in August as the market continues to improve following the six-year downturn.

Lawmakers file 2014 bill to reduce Fla. lease tax

Similar House and Senate bills submitted this week would reduce commercial lease tax by 1% – a change also pushed by Florida Rea

Fla.’s housing market continued upswing in Aug. 2013

Closed sales (12.5%), median prices (18.6%) and pending sales (17.2%) rose for single-family homes. National sales highest in 6

Two Funds Close This Week, Buying Power Tops $725M

Madison Realty Capital (MRC), an institutionally-backed commercial real estat

Aug. existing-home sales rise, limited inventory continues to push prices

Aug. existing-home sales rise, limited inventory continues to push prices

Orlando’s home-price recovery outpaces state’s

Prices paid for resale homes continued to recover faster in Metro Orlando last month than in the state as a whole, according to

Club drug Molly emerges as threat in Orlando

Pop icon Rihanna sings about Molly and moonshine.

Rappers Lil Durk and Wiz Khalifa named one of their collaborations “Molly Gi

Orlando theme park and attractions discounts, prices and hours

Below is a list of active discounts at Orlando theme parks and attractions including Disney, Universal, SeaWorld and smaller Orl

State program to reduce underwater mortgage balances

Florida housing officials on Friday announced a $350 million program that will help reduce the mortgage balances for “underwater

Orlando’s SoDo: ‘It’s getting there’

The emerging real estate projects touted by Orlando Mayor Buddy Dyer in his 2006 “state of the city” address included Premiere T

Homebuyer seminar set for military veterans

A free homebuyer seminar for military veterans is scheduled for Saturday, Sept.

Real estate notebook: Newsmax Media signs Boca Raton lease

Newsmax Media is expanding its South Florida operations by signing a lease for more than 50,000 square feet in the 750@Park buil

South Florida condo prices rise in August

Developers building more units to satisfy demand

A lack of inventory continues to drive South Florida condominium pric

Realtor.com expands commercial listings content

The NAR-owned website operated by Move Inc. added more commercial properties for sale or lease through an agreement with Commerc

In The Pipeline: CoStar Development & Construction News for Sept. 22 – 28

Archer Daniels Midland Searching for New Global HQ
Agribusiness company Archer Daniels Midland (ADM) Co. announced this week tha

Case-Shiller: South Florida home prices rise in July

South Florida home prices increased in July for a 19th consecutive month, according to a national index released Tuesday.

Program for underwater borrowers begins Wednesday

Homeowners whose houses are worth less than the balance of their mortgages could soon get some much needed help.

Consumer Confidence Index falls a bit in Sept.

Overall economic conditions moderately improved in most consumers’ eyes, but they aren’t sure if the U.S. can sustain that momen

Florida Realtors to Fla. Cabinet: Flood insurance reform could hurt economy

Gov. Scott invited Florida Realtors Pres. Dean Asher to speak today before the Fla. Cabinet, and Asher urged them to help delay

Piazza Delle Palms Sells In Saint Augustine

Epic Community Services, Inc. purchased the office building

The Old Powder House Inn Trades for $1.2M

A private investor acquired the Old Powder House Inn at 38 Cordova St. in Saint Augustine, FL for $1.2 million, or about $130,00

Investor Buys 1.51 Acres in Jacksonville Beach

A private investor acquired 1.51 acres of commercial land at 1315 2nd Ave. in Jacksonville Beach, FL for $1.68 million.

The pro

Fraud Risk in mortgage apps down 5.6% in 2Q 2013

CoreLogic: More people lied about their income to qualify for a mortgage – the number rose 13.3% year-over-year. But false prope

UF: Florida’s consumer confidence down 1 point

Consumers worried more about the short- and long-term economic outlook along with personal finances, but they think it’s a good

Fort Family Investments Sells Multifamily Property for $33M

Fort Family Investments sold the 260-unit, multifamily property at 13401 Sutton Park Dr. S. in Jacksonville, FL, to Atlanta-base

Despite recovery, distressed home sales continue

Distressed home sales increased sharply across South Florida in August, a result of more foreclosures working their way through

Floridians stampede for new mortgage-reduction aid

Nearly 10,000 Floridians with “underwater” homes bombarded the state with applications on the first day of a program that offers

‘Outside the box’ solutions for flood ins. increases?

The fight against onerous flood premium increases on Oct. 1 is being fought on two fronts: A delay by Congress and a look at Fla

45% of U.S. sales in August were cash purchases

RealtyTrac: Of five top large cities for all-cash purchases, three are in Fla.: Miami (69% were cash), Tampa (64%) and Jacksonvi

National pending home sales decline in August

NAR: Tight inventory, restrictive mortgage credit, and higher interest rates and home prices led to a 1.6% month-to-month drop i

Fla. gets $2.9M to fight housing discrimination

Six agencies in Fla. will receive $2.9 million to identify and fight housing discrimination under the Fair Housing Act.

Mortgage aid program has fewer than 3,000 slots left

As of Monday morning, fewer than 3,000 slots remain for a $350 million state program designed to help underwater borrowers.

Home sales at Boca’s Royal Palm Polo to begin in spring

Luxury builder Toll Brothers’ plan for 122 acres in Boca Raton includes a gated community of million-dollar-plus homes with maho

Real estate notebook: 35 more home lots at Valencia Cove

Valencia Cove, GL Homes’ newest 55-and-over development west of Boynton Beach , has sold 140 of 800-plus homes so far.

HUD proposes ‘qualified mortgage’ definition

FHA issued its own qualified mortgage (QM) standard today. An ability-to-repay rule limits points and fees. Small number of futu

Study: International sales important to Florida

For the year ending July 2013, international real estate deals made up 8% of all Fla. existing homes sales and had a total value

FHA, VA loans ‘safe’ during government shutdown

Contrary to media reports, Florida Realtors confirmed that new FHA single-family home loans will be processed if the government

Registration site live for HOAs and assoc. managers

DBPR announced the launch of a website where, by law, homeowners associations (HOA) and Community Association Managers (CAM) mus

Laws effective today affect liens and tax notices

Local governments may now send TRIM notices electronically, some liens must now be recorded, and busy Realtors who text while dr

In The Pipeline: CoStar Development & Construction News for Sept. 29 – Oct. 5

Developer Makes Deal to Acquire Former Chrysler Assembly Site Near StL

Clayton, MO-based KP Development reportedly has reached

Supervisor of Elections Takes 50,000 SF in Jacksonville

The Supervisor of Elections leased 50,000 square feet in the industrial facility at 1 Imeson Park Blvd., Building 100 in Jackson

State mortgage aid program stops accepting applications

A $350 million program meant to help homeowners pay down underwater mortgages stopped accepting applications Wednesday after rea

Roadstar Transport Renews 22,451 SF

Roadstar Transport renewed its lease for 22,451 square feet of re

Johnson Development Sells Jacksonville Warehouse for $26.5M

Exeter Property Group, a real estate investment firm out of Pennsylvania, purchased the industrial facility at 9767 Pritchard Rd

Saint Augustine Bed and Breakfast Trades for $1.9M

A private investor acquired the 3,850-square-foot bed and breakfast located at 70 Cuna St. in Saint Augustine, FL for $1.9 milli

Fla. Realtor wins NAR Good Neighbor Award

Kenneth W. Davis from Welcome Home Realty in Boca Raton to receive $10,000 for his work with the Rotary Club and children’s char

NAHB: Single-family starts to rise 31% in 2014

Construction increase by the end of 2013 should be 18% for all housing, 17% for single-family and 20% for multifamily – a “decen

Fla. has lots of REOs, but they’re not for sale

RealtyTrac: More than half of Fla.’s bank-owned homes aren’t for sale and remain “home” to the ex-owners. In Miami, they live in

Vershave Joins NAI Hallmark Partners

Megan Vershave has moved from Atlanta to Jacksonville to join NAI Hallmark Partners as a broker. In her new role she will focus

Palm Beach, Fort Lauderdale streets among priciest office rents

Three South Florida streets rank among the 20 most expensive spots nationwide for office rents, a recent study shows.

3 out of 10 Americans don’t qualify for a mortgage

Online mortgage applicants with credit scores of 620 or less failed to get even one offer – and almost one-third of Americans ha

FPL customers have new power hookup rules

Buyers closing soon or, if you’re a landlord, renters moving in? Florida Power and Light rolled out new and generally easier rul

Habitat for Humanity celebrates subdivision, announces another in Orlando

Habitat for Humanity will celebrate the completion of its first multifamily development in Orlando this evening by announcing th

Apartments double building pace of 2012

One of the most marked differences in the Orlando area’s apartment sector from a year ago is the amount of construction.

Durin

FHA answers questions about shutdown’s impact

While FHA-backed lending continues, banks that require IRS or Social Security info may not be able to get it. If so, a lender de

CoreLogic: U.S. foreclosure inventory down 33%

Fla. had nation’s highest number of completed foreclosures in Aug. 2013 (111,000) and highest number in the foreclosure process

NorthMarq Orlando Secures Refinancing for Coventry Park at Southpoint

NorthMarq’s Orlando regional office secured refinancing of $32.37 million for Epoch Properties’ multifamily property located at

Fake online reviewers face penalties

If you pay a company to post great online reviews about your work, is it fraud? In New York it is. “Astroturfing” investigation

S. Fla. counties driving mortgage relief numbers

Broward and Palm Beach counties, two of the most heavily populated areas in Florida, also rank among the county leaders for appl

FHFA moves to change Fannie and Freddie

The Federal Housing Finance Agency has established a subsidiary of Fannie Mae and Freddie Mac in an effort to build a secondary

In The Pipeline: CoStar Development & Construction News for Oct. 6 – 12

Report: Much of Nation’s Aging Office Stock Is Unsuitable For Tenants Coping With New Workplace Economics
Office landlords in th

RealtyTrac: S. Fla. foreclosures fall in September

Residential foreclosures declined in South Florida in September, but inched up in the third-quarter, according to RealtyTrac Inc

Real estate notebook: Tenants still calling the shots

The momentum with which the Palm Beach County office market ended 2012 has not carried over to 2013, according to a report from

Show your commitment to the Fair Housing Act

HUD rolled out a consumer education campaign, and it encourages Realtors to download posters for their wall and promote fair hou

Website offers outlet for unwanted rings, dresses after divorce

Fresh off a divorce, Orlando stay-at-home mom Tiffany Beverlin had a dream one night about unsuccessfully trying to sell her 2.5

Closures & Downsizings: Safeway Selling Chicago To Pay for Canadian Move

Safeway has decided to exit the Chicago market. As part of the plan, the national grocery chain has already sold four of its Dom

First-time homebuyer class offered in West Palm Beach

First-time homebuyers can learn about the housing market during a course Saturday (Oct.

Real estate notebook: Model homes coming to Antique Row project

Model homes are under construction at The Villas on Antique Row, a 46-unit townhome development in West Palm Beach.

Agents put off by reduced commissions

Some won’t show properties with lower payouts

Even though South Florida homesellers still carry most of the negotiatin

AT&T Renews Lease In Bell South Bldg. in Jacksonville

AT&T Wireless renewed its lease at the BellSouth Building, located at 10375 Centurion Pkwy. in Jacksonville, FL.

The BellSouth

Rebounderz Expands to 39,642 SF in Jacksonville

Rebounderz, a state of the art family entertainment center, added 15,700 square feet to its location at 14985 St Augustine Rd. i

FREC announces college scholarships

Fla. students pursuing a real estate career can apply for $1,500 to $2,500 in scholarship money from the Florida Real Estate Com

Fla. applications for new homes rose in Sept.

Mortgage Bankers: Month-to-month applications for new homes rose 1.6% in Fla.; year-to-year, they rose 10.7%. Nationally, applic

Home flippers: Weekend ‘boot camp’ set for Deerfield Beach

If you want to be a home flipper, don’t make any plans for this weekend.

Keep up with Fla. insurance changes on Facebook

Thanks to a new Fla. Office of Insurance Regulation Facebook page, you can keep up with official state insurance updates by chec

Small firms discover buying beats renting

Office rental rates to increase due to lack of construction, brokers say

Some small businesses in South Florida are fin

Home flipping falls as South Florida prices rise

Higher prices led to fewer flipped homes across South Florida in the third quarter, a new report shows.

Profits down for Orlando house flippers

The lure of buying a bargain-priced house, fixing it up, and selling it within a few months is not what it used to be in Metro O

Home flipping down 13%, but high-end flipping up 34%

RealtyTrac: Some hot cities for home flips, including Tampa and Orlando, saw a drop in 2013’s third quarter. Overall, Fla. secon

Fannie Mae changes mortgage loan restrictions

On Nov. 16, Fannie Mae’s minimum loan downpayment goes from 3% to 5% and loans top out at 30 years – but, unlike FHA, it doesn’t

Pompano pool company’s assets frozen

Nationwide Pools accused of transferring money to new firm

A Broward County judge this week granted a state request to

Better Business Bureau scam targets real estate

The Council of Better Business Bureaus issued a media release warning real estate offices about a phishing scam. It says Clearwa

Fla. conducting more random broker escrow audits

In DBPR’s latest update, Sec. Lawson says he’s reinstituted random audits of real estate offices to “identify potential fraud an

Small business owners: Slow and steady wins race

American Express report: Many business owners have abandoned a “wait and see” attitude and “appear poised to flip the switch to

Market Trend: Jacksonville’s Vacancy Decreases to 12.5%

The Jacksonville Office market ended the third quarter 2013 with a vacancy rate of 12.5%.

The vacancy rate was down over the p

Apartments fill up, with more on way

Apartment-occupancy rates in the Orlando area edged up to 94.5 percent from 93.9 percent a year ago, according to a new report.

Could Advance Auto Parts, CarQuest Merger Create Retail Real Estate Spare Parts?

Advance Auto Parts Inc., one of the biggest retailers of automotive aftermarket parts, agreed to acquire one of its major compet

Broward County home prices climb in September

Broward County’s median home price of $270,000 jumped 32 percent in September from a year ago, the Greater Fort Lauderdale

Buyers finding fewer affordable homes in South Florida

South Florida homes are still largely affordable, though more properties are slipping out of reach of the region’s middle class,

2nd story test 10 21

2nd story test 10 21

Real Estate notebook: Boca firm to help revive Deerfield office park

The Research Park at Florida Atlantic University is dormant no more.

Haunted house? 62% would consider buying one

Realtor.com: While most buyers say they would consider a supposedly haunted house, far fewer would do so if they actually saw si

Realtor.com enhances mobile rentals app

Users can get notifications if close to rental property they previously visited or saved as a favorite. It also adds new Apple s

FHA to real estate: Expect a few delays

While most mortgage-funding functions weren’t impacted by the shutdown, FHA says it still has a “considerable backlog of work” a

New healthcare rules impact on small businesses

The U.S. Small Business Administration has scheduled two webinars and invited small business owners to participate. Each include

In The Pipeline: CoStar Development & Construction News for Oct. 20 – 26

Survey: Financing Constraints Putting a Brake On Apartment Development
In another sign that U.S. apartment market conditions are

Private Investor Buys 5990-SF Building in Jacksonville

A private investor acquired a 5,990-square-foot retail building in Jacksonville, FL for $1.3 million, or about $309 per square f

Overview: What’s happening in real estate

The real estate market rarely remains steady – it’s almost always in transition. Today, prices are notably higher, sales down a

Report: Florida a housing market to watch in 2014

Home price spikes in Las Vegas, Phoenix and other parts out west got most of the pub this year, but Florida’s housing mark

Feds could change flood insurance rules for lenders

Proposed rule forces lenders to accept private flood ins. policies, offer owners a monthly escrow billing cycle, and other thing

Appraisal Institute: Expect continued growth

Survey: Residential appraisers top areas of anticipated growth include mortgage lending, reviews, REO/foreclosures/short sales a

New Owner Closes On Jacksonville Embassy Suites

San Diego-based Prospect Street Hotel Partners purchased a 277-room Embassy Suites Hotel in Jacksonville, FL for $8.8 million, w

Investors bought 14% of U.S. homes in Sept.

RealtyTrac: 62% of Jacksonville sales were all-cash with high number (23%) bought by investors. Miami (69%) and Tampa (62%) also

University Center Trades for $3M in Jacksonville

A West Hollywood property investment firm acquired the approximately 44,000-square-foot retail center located on University Blvd

White paper: New mortgage rules are reasonable

Proposed qualified mortgage rules “limit the risk of default without excluding large numbers of creditworthy borrowers,” says ad

Trophy Multifamily Asset Sells in Jacksonville for $53.3M

Miami-based Crescent Heights closed on its acquisition of The Strand, a 295-unit apartment building located at 1401 Riverplace B

Hit pause button on law to protect Florida’s economy

Editorial: Florida Realtors’ President Dean Asher tells Orlando Sentinel readers why U.S. should delay new flood insurance rules

SunRail access: Newest amenity touted by real-estate agents

The three-bedroom, three-bath townhome in Sanford has an island kitchen with stainless-steel appliances and a selling feature ne

Buyers paying above appraised value for their dream homes

Mindset is changing as prices rise, competition heats up

Ryan Williams had been house hunting, off and on, for two yea

Real estate notebook: Homebuyers crave more negotiating power

Sellers still have the advantage, but the gap is closing

Palm Beach County ‘s housing market still tilts toward seller

Boca real estate club to hold interactive seminar

The Boca Real Estate Investment Club will hold an interactive seminar at its next monthly meeting Nov.

Hayden Cutler Co. Sells Lem Turner Shopping Center

Hayden Cutler Co. sold the retail property located at 3200 Armsdale Rd. in Jacksonville, FL, to a partnership consisting of two

In The Pipeline: CoStar Development & Construction News for Oct. 27 – Nov. 2

Developers Flesh Out Massive Projects Near New 49ers Stadium
As construction moves forward rapidly on Levi’s Stadium in Santa

South Florida home price index up 13.5 percent in August

An index measuring South Florida home prices rose 13.

House-Senate plan could delay flood ins. increases

Fla. Sen. Nelson announced a bipartisan deal to delay flood insurance rate hikes. It’s a ray of hope for buyers and sellers, but

SandP: Home prices rise 12.8% year-to-year

Compared to July, the 10-City and 20-City Composites gained 1.3% in Aug. A look at all cities finds the highest overall yearly p

October consumer confidence takes a dip

The federal shutdown hurt U.S. consumers’ outlook, and the confidence index fell 9 points this month. Expect volatility over the

Then and now: A decade of technology in real estate

NAR: Tech has advanced at breakneck speed: 10 years ago, smartphones didn’t even exist. Still, only 41% of buyers consider tech

Pending home sales continue slide in Sept.

It’s the first time in 29 months that pending sales fell below a year-to-year comparison. NAR economist blames higher interest r

Floridians’ confidence shaken by gov’t shutdown

UF’s index declined slightly before fed shutdown, but Oct. numbers hit a level not seen since Dec. 2011. Fear of a national defa

CoreLogic more optimistic about Broward home prices

The CoreLogic research firm is more bullish about Broward County home prices now than it was nearly three months ago.

HUD: HOA rules don’t trump access for disabled

The Fair Housing Act also applies to homeowners associations. Nev. HOA fined $65K and told it must allow a family to park an amb

Analysis: For a better deal, buy a pre-1990 home

RealtyTrac: Many buyers fear older homes because they might need expensive repairs, but they can save an average 9% over the cos

CoreLogic: 51,000 completed foreclosures in Sept.

U.S. homes facing foreclosure dropped 33% year-to-year, but Fla. in top spot for percent of homes in the process (7.4%) and tota

Boat show a target-rich environment for real estate agents

Real estate agent Jill Eber figures anyone buying a megayacht this weekend may be in the market for a mansion, too.

Recovery requires steady hand in Washington

NAR’s pending sales stats dropped last month due in part to the gov’t shutdown. Future shutdown debates, such as one in Jan., co

More Americans quitting their jobs

An increasing number of people feel they have the freedom to quit. That implies confidence but could also spark home sales to pe

Magic set to move on $100M downtown entertainment center

If the deal goes down as expected Monday, the Orlando Magic will buy the city’s police headquarters and a public parking garage

Finish with a flourish: Year-end housing tips

Buyers may face less competition during the holiday season

South Florida’s 2013 home buying bonanza is slowing down as

Market Trend: Jacksonville’s Vacancy Stays at 7.9%

The Jacksonville retail market did not experience much change in market conditions in the third quarter 2013.

The vacancy rate

Survey shows lingering impact of tight credit

NAR’s 2013 Home Buyers and Sellers Survey: Tight mortgage-lending standards blocking some from homeownership, notably singles an

SBA has no-fee loans for small businesses

Small Business Administration: Loans under $150,000 now have no fees, and “often help finance new startups and entrepreneurs in

53-unit One Thousand Ocean condo sells out

That’s a wrap for the One Thousand Ocean condominium in Boca Raton.

HUD settles with BofA over lending discrimination

HUD alleged that Bank of America refused two mortgage applications because a woman was pregnant, which violates the Fair Housing

Many homeowners will soon be unable to stay with state-backed insurer Citizens

Come January, tens of thousands of Floridians who have Citizens property insurance will no longer have the power to decide wheth

Delinquent borrowers more optimistic about ownership

Fannie Mae study: Many homeowners facing foreclosure still value owning over renting. Many even still consider real estate a rel

Real estate notebook: Wellington equestrian estate up for auction

A 15-acre horse estate in Wellington hits the auction block Dec.

In The Pipeline: CoStar Development & Construction News for Nov. 3 – 9

Apple to Build Manufacturing Facility in AZ
Apple will build its newest U.S. manufacturing facility in Mesa, AZ, creating at lea

Fla.’s housing market continues upswing in 3Q 2013

Closed sales (17.3%), median price (18.6%) rose for single-family homes; condo sales up (11.3%), price (23.8%). National single-

S. Fla. housing market stays hot in third quarter

South Florida saw steady increases in home prices and sales during the third quarter, local Realtor boards said Wednesday.

Rules restrict lenders use of force-placed insurance

A loan servicer can no longer receive a commission or fee from an insurer for force-placed insurance policies if Fannie Mae or F

Office Building in Ponte Vedra Lakes Sells for $3.6M

Asutosh Hotels sold the property at 220 Ponte Vedra Park Dr. in Ponte Vedra Beach, Fla. to a private investor for $3.6 million,

Americans prefer mixed-use, walkable communities

NAR: 52% like single-family homes with large yards, but 78% say neighborhood trumps house size; and 55% would trade a big yard f

Jacksonville’s Park View Place Sells for $2.2M

Mandarin Collision Center acquired Park View Place at 6226 Barnes Rd. S. in Jacksonville, Fla. from The Dore Group for $2.2 mill

Commercial rebound to focus on secondary markets

PwC US and ULI: The next phase of the commercial rebound will begin in 2014 as investors consider more profitable deals in secon

Sims Crane & Equipment Pays $1.3M for Jacksonville Industrial Site

Sims Crane and Equipment Co., a Tampa-based premier crane and equipment provider, acquired the 7,000-square-foot industrial site

Low-income families could face housing crunch

A non-partisan workforce housing group in Washington says a sequestration cut in money for housing vouchers could end aid for 18

U.S. Treasury to host short sale seminar/webinar

Free two-hour event for agents and brokers takes place in S. Fla. on Nov. 22, but webinar access will allow Realtors throughout

Body cameras shed light on worst moments faced by cops

Police work is rarely pretty.

But the worst of it — including shootings — is generally never seen by the public.

T

Realtor Code of Ethics celebrates 100th anniversary

NAR president: The Code “demands high standards of professional conduct and training andhellip; (it’s) the golden thread that bi

Market Trend: Jacksonville’s Vacancy Decreases to 9.2%

The Jacksonville Industrial market ended the third quarter 2013 with a vacancy rate of 9.2%.

The vacancy rate was down over t

Redfin: S. Fla. home sellers cut asking prices in October

More Palm Beach County home sellers are lowering their asking prices, another indication that the housing market has softened, a

Real estate notebook: One Thousand Ocean condo in Boca sells out

That’s a wrap for the One Thousand Ocean condominium in Boca Raton .

Homebuyers looking for luxuries as market rebounds

Builders are busy again now that the housing market is rebounding.

Kite Realty Closes On $307M Retail Portfolio

Kite Realty Group Trust (NYSE: KRG) agreed to acquire a nine-property retail portfolio totaling approximately two million square

Free foreclosure seminar scheduled for Hollywood

A free foreclosure prevention workshop will be held Thursday, Nov.

Kite Realty Buying $307 Million Retail Portfolio

Kite Realty Group Trust (NYSE: KRG) is significantly expanding its retail property portfolio in four states with a deal to acqui

Trends: The top issues that will impact real estate

NAR convention: What issues are on the horizon that could potentially impact homeowners, real estate markets and the industry?

Condo sales challenge: Restrictive FHA rules

NAR: While condos make good first-time homes, FHA has cut back on the number of buildings it approves – 60% were denied in 2013

On Veterans Day, help a service member buy a home

Realtors can give the ultimate thank you to the men and women who put their lives on the line by helping military men and women

Predictive analytics to boost real estate business

NAR: Data generally shows what already occurred, but researchers are now trying to use that data and other variables to predict

Orlando Health chooses two team finalists for Lucerne site makeover

Orlando Health has pre-qualified and shortlisted two development teams for the redevelopment of the Lucerne Pavilion site, offic

NAR forecast: Price gains to drive housing growth

Economist: For total sales to rise, U.S. needs to step up home construction to boost inventory, but tight underwriting and highe

Free Craigslist ads? They’re now more challenging

If a homebuyer can’t click a link to view a home, will they cut-and-paste a URL? New policy makes users wonder what’s happening

Inland Real Estate Partners With Australian Firm to Develop Grocery-Anchored Retail

Inland Real Estate Corp. (NYSE:IRC) announced it has formed a joint venture with an affiliate of Melbourne, Australia-based MAB

NAR: Florida Realtors’ YPN ‘State Network of the Year’

Young Professionals Network honored for “effective involvement” with assoc., community and representing strength of young expert

Code of Ethics 100 years old but still growing

The “set of principles that define the professionalism that Realtors bring to the real estate transaction” now includes gender i

HUD tool estimates a home’s transportation costs

One online tool calculates a homeowner’s transportation costs based on data and addresses they input; a second tool provides a c

QR Capital Sells 186-Unit Multifamily Complex in Jacksonville

QR Capital sold a multifamily complex in Jacksonville, Fla. to Pacifica Cos. for $6.6 million, or approximately $35,000 per unit

Fla. modifies informal wetland determination fee

Development by a property owner can be difficult if the parcel contains a wetland. Fla. offers an informal survey, but it modifi

Cities had higher home prices drops in recession

Census Bureau: The recession and rebound had little impact on home prices in smaller counties as bigger counties with major citi

U.S. homes sell 30 days faster year-to-year

Zillow says real estate ads on its website were active 30 days less in Sept. 2013 than in Sept. 2012 – 86 days compared to 116 d

Rental-home business moves to Wall Street

Instead of just phoning a local landlord, house renters in Orlando may soon be dealing with call centers and centralized mainten

NAR: Commercial market recovery remains uneven

Smaller transactions, properties under $1 million, is moving incrementally. But expensive properties priced above $2 million are

Foreclosure auctions jump in South Florida

The number of foreclosed homes scheduled for the auction block in October skyrocketed by 76 percent in Palm Beach County compare

CoreLogic to lay off 68 workers in Sunrise

CoreLogic has notified the state that it is laying off 68 people in its Sunrise office.

Stores pull out stops to woo holiday shoppers

Central Florida retailers are opening earlier and offering deeper discounts in what’s expected to be a fierce competition for ho

Apartments coming to site at Lake Nona

When a group of Winter Park investors purchased a prime corner near Lake Nona’s Medical City for $9 million in 2008, they had ho

New home starts rise in Palm Beach, Broward counties

Housing starts increased across South Florida in the third quarter, new data show.

Real estate notebook: Boca homeowner offering Rolls Royce as part of sale

Boca mansion sweetens deal with a Rolls Royce

Progress slow at former Fashion Mall site

Owner says major project planned, but questions persist

The owner of the former Fashion Mall in Plantation says it’s in

Census: About 36M Americans moved in the last year

About one in 10 U.S. residents found a new place to live in 2013 – slightly less than in 2012 yet more than 2011, the slowest re

Homebuilder confidence holds steady in Nov.

U.S. builders have viewed the market with optimism for six months in a row, though some worry about the way future government ac

Realtors to Congress: Hit the pause button on changes to flood program

Realtor Call for Action: NFIP program changes derail home sales and harm Fla. owners. Take two minutes today to tell Congress it

October home prices up in Palm Beach, Broward counties

South Florida home prices increased in October, but the region’s housing market is losing some of its sizzle, real estate agents

Landon Imperial Apts. Has New Owner

The 80-unit Landon Imperial Apts. sold to a private investor for $2.3 million, which equates to $28,750 per unit. The property i

Multifamily market off peak but still positive

Outlook for apartments remains strong. NAHB economist predicts “continued improvement through 2015 but at a decreasing rate.”

Fla.’s housing market continues on positive track in Oct.

Closed sales (6.5%), median price (16.6%) and pending sales (3.4%) rose for single-family homes. National total sales up 6% year

TaxWatch study: How does flood ins. impact Fla.?

Floridians paid $3.60 in flood premiums for every $1 that came back to cover damages. Overall, 13% of state flood policies could

Citizens sinkhole changes to boost real estate market

Underwriting changes allow homes Citizens previously turned down based on sinkhole history to now qualify for coverage.

Doctor charged with selling drugs to local DEA agents via Silk Road

Federal drug agents in Orlando spent the summer buying painkillers, sedatives and other drugs from the underground — and n

Top lenders forecast housing market gains

New ability-to-repay rules start in Jan. While tighter lending may hurt marginal buyers and cut down on some mortgage amounts, i

JPMorgan Bucking Bank Branch Closing Trend

U.S. banks have closed nearly 1,600 bank branches this year while opening just 950. The net loss of locations continues a trend

Facebook hot spot for ‘yard sale’ bargains

Hundreds of people descend weekly on a Tavares church field, not for an uplifting religious service but to pocket cash by unload

Office vacancy rate down for 3rd quarter

Asking rents for office space declined slightly despite increased leasing throughout the Orlando area during the third quarter c

In The Pipeline: CoStar Development & Construction News for Nov. 24 – 30

Hudson Yards Land Continues to Draw Strong Developer Interest

Already hot land prices on the far west side of Midtown Manhatta

Spec homebuilders see opportunity in revived market

Rick Bell unveiled plans this month to build Palazzo Paradiso, a 24,000-square-foot estate in Southwest Ranches.

Real estate notebook: Former ADT, Grace building fetches $12.7 million

An upscale Boca Raton office building that once served as the corporate headquarters for W.

Pending sales slip in Oct., expected to level out

NAR economist: The weaker activity was expected due to the government shutdown and some lending restrictions. The pending sales

‘I bought a house – what can I deduct on my taxes?’

Many buyers know homeownership comes with a tax advantage, but they get lost in the details. Here’s a primer.

RealtyTrac: As home prices rise, short sales decline

Higher home prices in South Florida are reducing the need for so-called short sales, new data from RealtyTrac Inc.

Case-Shiller: South Florida home prices increase in September

South Florida home prices rose in September, capping a strong third quarter, a new report shows.

National consumer confidence declines again in Nov.

Consumers currently have mixed feelings: They’re more positive about jobs but more anxious about the economy. The index edged do

Transitional land deals stage a comeback

The somewhat risky buying and selling of land with development potential has picked up again, though its hotness depends on loca

Help delay changes to national flood program

Realtor Call for Action: NFIP program changes derail home sales and harm Fla. owners. Take a few minutes to tell Congress it mus

Fla.’s consumer confidence bounces back in Nov.

In contrast to national outlook, Floridians are feeling more optimistic: UF’s index rose 6 points – and many think it’s a good t

Conforming loan limits unchanged in 2014

FHFA announced yesterday that Fannie and Freddie’s $417,000 conforming loan limit in most Fla. areas would remain the same throu

Black Friday: Here’s what you need to know

The Super Bowl of shopping has arrived.

People will jam stores and shop for online bargains across Central Florida and beyond,

Bargain-hungry shoppers invade Orlando stores on Thanksgiving

Central Florida die-hard deal seekers cut short Thanksgiving Day gatherings to begin their Christmas shopping earlier than ever

Black Friday Orlando draws deal-seekers

The poinsettias at Home Depot were a good bargain this year, at 99 cents a piece.  Jim Hurlburt had a minivan full of the fresh

Cohen Arranges Debt, Equity Financing for $30M Condo Development

Cohen Real Estate Capital LLC procured preferred debt and equity financing for the development of a planned 86-unit residential

Foreclosures down – but not for high-end homes

RealtyTrac: Foreclosure activity on homes valued at $5 million-plus is up 61% compared to 2012, with South Fla. and Orlando two

Real estate: Should you rent or buy in 2014?

While home prices have risen, interest rates remain historically low, even if up a bit year-to-year. The cost of renting, howeve

Seminar to address tax issues for snowbirds

Three attorneys will conduct free seminars Dec.

Fully Leased Apt. Complex in Daytona Beach Fetches $1.2M

A private investor acquired Branches East Apts. at 416 North Grandview Ave. in Daytona Beach, FL for $1.2 million, or about $43,

Jacksonville Industrial Bldg. Trades for $3.5M

An affiliate of the Conser Group acquired the 285,000-square-foot industrial building at 8451 Western Way in Jacksonville from D

Market Trend: Jacksonville’s Retail Deliveries, Construction and Inventory

During the third quarter 2013, seven buildings totaling 50,934 square feet were completed in the Jacksonville retail market.

O

CoStar Launches New Multifamily Offering Backed by Largest Database of U.S. Apt. Properties

With the launch this week of CoStar Multifamily(TM), CoStar adds a valuable new dimension to its service, making the same powerf

New NAHB index finds U.S. markets at 86% of ‘normal’

Of the nation’s 350 metro areas, 54 (15%) have shaken off the recession and returned to a normal level of economic and housing a

‘Tis the season for economic real estate predictions

According to Zillow, home values will rise 3% in 2014, mortgages will be easier to get, mortgage rates will hit 5%, and two Fla.

George Moore Chevrolet Sells Beach Blvd. Property

TriBridge Residential, a leader in multifamily real estate, purchased the retail property at 711 Beach Blvd. in Jacksonville Bea

FHA loan limits to drop next year in South Florida

The federal government announced Friday it’s lowering home loan limits in South Florida and across the country next year.

Home prices swing back in areas hit hard by foreclosures

In one of the hottest years on record for Orlando-area home prices, an unlikely mix of communities — Maitland, Pine Hills,

Condo conversions draw foreign buyers

The slice of Orlando-area commercial real estate that drew the most foreign investment during the third quarter was condominium

In Play? Two REITs Face Decisions as Suitors Come Knocking

As investors expand their search for deals, perceived “underperforming” REITs are drawing more and more attention. That was

Higher home prices lift spirits of ‘underwater’ borrowers

Many are able to finally sell as housing market rebounds

Katie Jaffe bought a two-bedroom Tamarac villa in 2004.

Real estate notebook: KAST Construction expanding

Business is booming at KAST Construction.

Market Trend: Jacksonville’s Industrial Deliveries, Construction and Inventory

During the third quarter 2013, no new space was completed in the Jacksonville market area.

This compares to two buildings tota

Fla. officially has 12.7K homeowners associations

A new law requiring HOAs to register with the state by Nov. 22 found 12,721 associations representing about 2.5 million parcels.

HUD: New FHA loan limits take effect Jan. 1

Current cap in areas with relatively low housing costs remains unchanged at $271,050; but the high-cost area cap drops from $729

Cautious consumers stall housing momentum

Fannie Mae analysis: If the housing rebound loses steam, it will likely happen because recession-burned Americans still lack fai

CityPlace condo tower accused of discrimination

A non-profit housing group alleges racial discrimination in a lawsuit filed Monday against the operators of the South Tower City

In The Pipeline: CoStar Development & Construction News for Dec. 8 – 14

JLL Outlook: CRE Construction Industry Emerges from Downturn Leaner, More Diverse

The U.S. commercial construction sector is f

Related Group opening Plantation apartments

The Related Group celebrates the opening Thursday, Dec.

FHFA takes more steps to minimize Fannie, Freddie

Fed agency over Fannie Mae and Freddie Mac says it will charge lenders more, which could make it a bit more challenging for buye

Esperante office building sold for $71 million

Esperante, one of the most prestigious office buildings in downtown West Palm Beach, has been sold to an investment group for $7

Soaring Orlando home values will slow in 2014, real estate experts predict

For homeowners throughout Florida, the year 2013 will be a tough act to follow.

Economists at a real estate summit in Orlando T

Economists: Fla.’s housing sector will grow in 2014, but at slower pace

Florida Realtors held its annual economic summit yesterday. Chief Economist predicts 10% residential growth and the modest comme

Ignore news reports: 2013 had few natural disasters

CoreLogic: Hurricanes, tornadoes and floods? Fewer problems in 2013. Only the number of sinkhole disasters increased, hitting Fl

Trulia’s turn for 2014 forecast: In short, optimism

While the real estate market still has healing to do, online web ad site says existing home sales are 79% of “normal” compared t

RealtyTrac: South Florida foreclosure auctions increase

More existing foreclosure cases are moving through the court system, a sign that the lengthy crisis is slowly winding down, anal

HUD releases its qualified mortgage (QM) definition

Its rule mirrors other agencies’ versions of the qualified mortgage (QM) rule and covers all loans insured, guaranteed or admini

It’s (almost) official – foreclosure crisis is over

RealtyTrac: The number of Fla. owners entering the foreclosure process dropped 46% year-to-year; national numbers down 32% to lo

Orlando ranks 6th in nation for foreclosures, report finds

Orlando had the sixth highest foreclosure rate in the nation during November – edging up from seventh place the month befo

HCA Realty Pays $2.4M For Orange Park Professional Center

HCA Realty acquired the 21,492-square-foot medical office buil

Home for the holidays: Eviction moratorium

Homeowners being evicted by Fannie Mae and Freddie Mac won’t be kicked out over the two-week holiday period, along with a few pr

Citizens proposes settlement for sinkhole litigation

Company urges owners to follow original engineer’s recommendation, but it will allow an independent mediator to review options a

SBA program helps disadvantaged owners

Small Business Administration program offers special help to firms that are at least 51% owned and controlled by someone with an

URS Capital Partners Acquires First Multifamily Asset in Florida

Real estate investment company URS Capital Partners in Huntington, NY, has entered the Florida market with its recent acquisitio

Luxury Fort Lauderdale condo bans smoking inside units

AquaVita Las Olas to open in late 2014

When the AquaVita Las Olas condominium opens late next year in the Hendricks Isl

Gov. Scott appoints Realtors to FREC

Roger Enzor is FREC’s new chair, and Poul Hornsleth is the new vice chair. Dick Fryer appointed to FREC and Chip Boring was reap

Builder planning Pompano Beach townhomes

A South Florida developer announced plans Monday to build an $11 million boutique townhome project across the street from the oc

Florida Supreme Court issues HOA ruling

A housing developer that provided “essential services,” such as roads and sewers, may be responsible for later problems under an

FHA finances improve

Annual audit finds a more stable FHA. While agency added some rules and changed fees for buyers seeking a mortgage, audit finds

Real estate notebook: Off-campus housing a boon for Boca firm

The semester ended Friday at Florida Atlantic University, but there won’t be much of a holiday break for the off-campus housing

CBRE Arranges $72M Refi for 18 Property Portfolio

CBRE’s Debt & Equity Financing Group secured three loans totaling $72 million to refinance a cross-collateralized portfolio of 1

Forecast: Commercial recovery to accelerate in 2014

Jones Lang LaSalle predicts 10% investment volume growth and “particularly strong gains” from global investors seeking “a much w

CoreLogic: 791K homes get positive equity in 3Q

Fla. No. 2 after Nevada, however, with 28.8% of mortgaged homes still in negative equity. By metros, Orlando (32.3%) and Tampa (

In The Pipeline: CoStar Development & Construction News for Dec. 15 – 21

American Express to Buy Land for S. Florida Consolidation

After considering other states, American Express has confirmed it is

Lauderdale Beachside Hotel sold for $17 million

A foreign investment group has paid $17 million for the Lauderdale Beachside Hotel and plans to renovate the rundown property in

South Florida home prices to gain $83 billion in value

It was a spectacular year for South Florida home values.

Fla.’s housing market reflects changing conditions in Nov. 2013

Median price up (13.3%, single-family; 17.2%, condos), but drop in cash-only and short sales impacts closed sales. National over

TD Economics: Fla. about to shift into high gear

Forecast: After a six-year lag, economic expansion will help Fla. reclaim its place as a national outperformer, beating U.S. num

South Florida home prices rise, but sales soften

South Florida home prices rose in November, though sales slowed as buyers regained more control over the recovering market.

Summit Church sells $1.5M retail center

Summit Church, a megachurch east of downtown Orlando, recently sold a $1.5 million retail center next to its main church facilit

Real estate notebook: Quattlebaum opens new funeral home in West Palm Beach

After nearly 60 years on Olive Avenue in downtown West Palm Beach, Quattlebaum Funeral Home has moved.

Prime Fort Lauderdale parcel once owned by Huizenga drawing interest

Waterfront ‘point’ property once owed by H.

Former Trump condo-hotel fetches $115 million

Unfinished Fort Lauderdale project languished for years

A group that owns the Hilton Fort Lauderdale Beach Resort has

Jacksonville Denny’s Changes Ownership

A private investor purchased a Denny’s restaurant located at 8215 Dix Ellis Trl. in Jacksonville, FL. The restaurant was purchas

National Land Partners Acquires 543-Acre Deep Creek Plantation

Florida Bank Group sold the Deep Creek Plantation in Bryceville, FL, to Williamstown, MA-based National Land Partners, LLC for $

Douglas Elliman hires agent in Palm Beach

Douglas Elliman Real Estate announced that Betsy S.

Slower growth expected for South Florida home prices in 2014

It’s been a wild ride for South Florida home prices over the past 14 years.

Liberty Sells 49 Properties for $367.7M

Liberty Property Trust (NYSE: LRY) has closed on its sale of 49 properties totaling 4,022,779 square feet and 140 acres across t

Year In Review: 2013’s Top CRE News in Jacksonville

CoStar News continued to cover the biggest deals and dealmakers in commercial

South Florida home prices rise 15.8 percent in October

Double-digit home price gains continued across South Florida in October, a new report shows.

In The Pipeline: CoStar Development & Construction News for Dec. 29 – Jan. 4, 2014

USAA Affiliate Buys Silicon Valley Office Development
USAA Real Estate has acquired America Center, a 430,852-square-foot office

Schmidt Investments Sells 9282 Atlantic Blvd.

Sholes Properties purchased the retail building at 9282 Atlantic Blvd. in Jacksonville, FL, from Schmidt Investments for $1.15 m

Liberty Completes Sale of 49 Properties for $367.7M

Wrapping up a year of major changes at Liberty Property Trust (NYSE: LRY), the REIT finalized the disposition of 49 properties t

Real estate notebook: Condo supply dwindling in West Palm Beach

Only about 115 downtown West Palm Beach condominiums built during the housing boom remain unsold, according to a report from the

Luxury Boynton Beach rentals sell for $22.5 million

Peninsula on the Intracoastal, a 70-unit luxury rental in Boynton Beach, has traded hands for $22.

Active adult market booming for GL Homes

Builder to open nine model homes at Valencia Cove

GL Homes, one of the most respected builders in South Florida, is be

Mortgage tax forgiveness expires on Jan. 1

But Congress could retroactively extend the tax break – a move NAR calls “likely” – for ex-homeowners who had part of their prin

RealtyTrac: All-cash sales hit new high in Nov.

Fla. led the nation in Nov.: 62.7% of all sales were cash; nationally, it was 42%. Jacksonville and Cape Coral-Fort Myers hot fo

Parkway Properties Pays $52.5M for Orlando Office

Parkway Properties, Inc. (NYSE: PKY) has acquired its co-investor’s 70 percent interest in the Bank of America Center at 390 N.

Fannie Mae: Housing recovery on ‘firm footing’

Consumer attitudes dipped in the fall but have rebounded. Almost half believe home prices will rise in 2014, and one in three th

U.S.: How do we make mortgage closing less painful?

The U.S. Consumer Financial Protection Bureau wants a “more streamlined, efficient” closing process, and it’s accepting suggesti

In The Pipeline: CoStar Development & Construction News for Jan. 5 – 11, 2014

Canadian Investor to Develop Multifamily Tower Near Belltown
One of Canada’s largest institutional investors has purchased a dev

Southeast Rigging Purchases Jacksonville Industrial Bldg

A private investor sold the 40,000-square-foot industrial building at 429 Talleyrand Ave. in Jacksonville to Southeast Rigging f

Palm Beach County foreclosure filings fall below 10,000

The number of new foreclosure cases filed last year in Palm Beach County fell to a seven-year low, the Clerk & Comptroller&rsquo

Fla. will gain about 175,000 new jobs in 2014

Pew Charitable Trusts forecast: Fla. expected to be No. 5 state nationally in employment growth percentage, expanding jobs by 2.

Will it be easier or harder to get a mortgage?

The qualified mortgage ruled kicks in on Friday, but a handful of experts say many banks with tighter standards could ease up. N

Broward County foreclosure lawyer David Stern disbarred

The Florida Supreme Court this week disbarred David J.

RealtyTrac: 34% of Fla. homes ‘deeply underwater’

19% of U.S. owners with a mortgage are ‘deeply underwater.’ Fla. ranks second to Nev., with city-by-city comparison putting Orla

Fair Housing: Landlord must accommodate caretaker

A Kansas City company will pay $20,000 for not bending a rule. In the case, a disabled woman needed a caretaker and her sister o

Is bigger better when securing property insurance?

Fla.-owned Citizens retained its lead as the state’s largest property insurer in latest “top 20” numbers released by the Fla. De

Commercial lending to grow in 2014

Mortgage Bankers Assoc. says banks’ desire to lend money will outpace commercial borrowers’ demand. A full 91% of top firms expe

Tighter QM lending standards start today

New rules also dictate lender response times. Letter templates posted online can be used to request info or changes; free info b

New crime scheme steals a buyer’s home deposit

Some criminals have figured out a way to hack Realtors’ email accounts, study sale updates and then redirect the deposit. Fla. h

Parkway poised for office acquisitions

Orlando-based Parkway Properties real-estate investment trust has about $100 million left from funds raised in its most recent c

The economy has been set free (for now)

Fannie Mae: Why do things look rosier? Economic uncertainty is gone, at least temporarily, with higher stocks, more jobs and str

David Cassidy drops asking price of Fort Lauderdale digs

David Cassidy’s struggles continue.

GL sells 36 homes at Valencia Cove near Boynton Beach

GL Homes said it sold 36 homes this weekend at Valencia Cove near Boynton Beach.

Carroll Locks Up The Indigo Luxury Apts. for $38 Million

Carroll Organization, a privately held multifamily investor and manager based in Atlanta, closed on its third multifamily proper

Four of five priciest office markets in Asia

CBRE: When it comes to offices, the U.S. is a relative bargain. In London and Hong Kong, it’s over $200 yearly per sq. ft. – but

Consumers should conduct annual insurance review

Many people don’t understand coverage until something happens. Does a business or homeowner have replacement coverage? Could the

Honor Realtors who are community volunteers

Realtors who make the world a better place tend to avoid the spotlight, but candidates for NAR’s Good Neighbor Awards win money

Congress agrees to incremental flood insurance fix

Sellers won’t get help, but some current owners would have increases delayed – and FEMA has 60 days to provide a report on ways

Riviera Beach to auction residential, commercial properties

For the first time, the city of Riviera Beach will hold an auction of residential and commercial properties.

In The Pipeline: CoStar Development & Construction News for Jan. 13 – 20

Comcast to Build $1.2B Skyscraper in Philadelphia
Comcast Corp., which just five years ago completed and occupied Comcast Center

Florida Realtorsandreg; seeks student scholarship winners

What if you or your client’s child could get help paying for school – and it’s not a loan? Apply for Florida Realtors Education

RealtyTrac: Homes in foreclosure drop 26% in 2013

But Fla. still tops with 25% of all U.S. homes in the foreclosure process, and 3.01% of Fla. mortgaged homes in foreclosure. Ave

South Florida, state lead U.S. in foreclosures

South Florida and the state led the nation in foreclosure activity last year, topping the rankings as lenders and judges moved a

Clients of closed mortgage relief firm get settlement

Clients who paid about $20 million in fees to a now-closed Fort Lauderdale mortgage relief company and its affiliates are likely

Aetna Building Trades for $55.5 Million

A joint venture composed of Chicago-based GEM Realty Capital and IP Capital Partners out of Boca Raton, FL closed on the Aetna B

Lenders must follow new appraisal disclosure rules

Starting tomorrow, lenders must offer more info about their loan decision. Buyers will get more time to correct a faulty apprais

Market Trend: Jacksonville’s Office Vacancy Increases to 12.7%

The Jacksonville Office market ended the fourth quarter 2013 with a vacancy rate of 12.7%.

The vacancy rate was up over the p

Deadline Fast Approaching for 2013 CoStar Power Broker Awards!

Were you one of those hard-working enterprising brokers who succeeding in pushing one (or more) last-minute, year-end big deals

Real estate notebook: Osprey Oaks development nearing sellout

CC Devco has no complaints at Osprey Oaks.

NAR: Exterior replacement projects most valuable

A new steel front door remains the top improvement, returning 96.6% of the cost when a home is sold, but 8 of the top 10 were ex

Bitcoin more than a fad for real estate?

To many, online currency (bitcoins) sounds like Monopoly money. But “we’re way past the fad stage,” says expert; bitcoins could

HUD Secretary to appear at town hall meeting

HUD’s Shaun Donovan will answer questions about minority access to housing and mortgages tomorrow, Jan. 22, at 1 p.m. EST in a l

Governor, Cabinet set to approve buying agricultural land

A renewed surge in state spending to shield cattle ranches, water and wildlife from development is up for approval today by Gov.

Builder planning luxury homes in Hollywood

Two long-dormant parcels along the north side of Stirling Road in Hollywood are set to be transformed into a $125 million luxury

Fort Lauderdale builder launching West Palm Beach townhomes

Harry Posin’s Villas on Antique Row opening this weekend

Longtime South Florida homebuilder Harry Posin was intrigued

Lennar eyeing townhomes on Davie parcels

Homebuilders struggling to find land in Broward

In the struggle to find available land for new home construction in Br

Fitch Ratings paints rosy picture of 2014 economy

Single-family starts to improve 20%; multifamily volume up 9%; new home sales to advance 20%; existing homes up 2%; new home pri

5 ways buying a house just changed

New mortgage standards tightened the application process, but they also added rules lenders must follow when serving mortgage lo

In The Pipeline: CoStar Development & Construction News for Jan. 22 – 28

Sunset Hopes to Create New Downtown in Bucolic Bay Area Suburb
San Ramon, CA, in the San Francisco Bay Area’s Contra Costa Count

Oak Hill Village Shopping Center Sells for $6.85 Million

Equity One sold the Oak Hill Village Shopping Center at 7628 103rd St. in Jacksonville, FL to Slate Properties for $6.85 million

South Florida home prices rise, but housing market softens

South Florida’s housing market continued to cool down in December, with prices still rising, but at a slower pace than earlier i

RealtyTrac: distressed sales 16% of 2013 U.S. sales

In Dec., Fla. ranked No. 2 in the number of short sales (14.4% of all transactions) but wasn’t even in the top five for REOs – a

Citizens Ins. launches clearinghouse on Monday

If new property insurance applicants get a quote within 15% of Citizens, they’re ineligible. Renewal applicants affected soon, b

Fla. home sale prices up 11.4% year-to-year in Dec.

Single-family sales up 8.6% compared to Dec. 2012 as market saw 23.3% increase in traditional single-family deals. NAR: Prices,

UCF aims to build retirement community near campus

UCF is planning a retirement community near campus that will allow residents to recapture a bit of their college years, with acc

New do-not-call rules stop most robocalls

The Federal Communications Commission (FCC)’s new rules ban most automatic, non-human phone calls, including ones to established

Study: U.S. has most of world’s affordable markets

A look at housing costs globally finds U.S. cities a relative bargain compared to most countries: It’s home to 84 of 95 “afforda

The 25 worst, easy-to-guess passwords

Is your password “password” because it’s easy to remember? At No. 2 on the most-common list, it’s also easy for thieves to guess

Luxury housing planned for Hollywood site

Prices in Preserve at Emerald Hills to range from low $600,000s to more than $1 million

Two long-dormant parcels along

1,700 foreclosed Floridians to receive $2.5M

National Mortgage Settlement checks go out next week, according to Florida’s attorney general. Each ex-owner should receive $1,4

Real estate notebook: Delray Honda moving to 10-acre site

Ed Morse Automotive Group has sold a 10-acre tract on Federal Highway in Delray Beach to the owner of Delray Honda.

Case-Shiller index: Home prices up 16.5 percent in South Florida

An index measuring South Florida home prices rose 16.

Market Trend: Jacksonville’s Retail Vacancy Decreases to 7.4%

The Jacksonville retail market experienced a moderate improvement in market conditions in the fourth quarter 2013.

The vacanc

Consumer confidence up for second month in a row

Nothing heralds a full rebound like Americans willing to spend money. In Jan., attitudes improved about both the short-term and

Governor: Reduce commercial lease tax by $100M

Rick Scott joined commercial Realtors in Orlando today to announce that his proposed state budget includes a reduction of sales

In The Pipeline: CoStar Development & Construction News for Jan. 29 – Feb 4

OC Approves Development Pact with Lowe Enterprises for El Toro Base
The Orange County Board of Supervisors has approved an agree

UF: Floridians more confident about economy

Floridians are happier thanks to a stable housing and stock market, less European economy angst and a pause in Congressional bud

House flipping in South Florida up only 8 percent

Investors focusing on other markets

House flipping in South Florida rose only 8 percent last year after nearly doublin

Gov. Scott’s budget boosts Fla. Div. of Real Estate

In addition to reducing the commercial lease tax, the governor’s budget adds staff to identify license violations. Fla. previous

U.S. home flipping up 16% in 2013

Average gross profit: more than $62,000. Jacksonville saw a 92% year-to-year flipping increase, while Tampa saw one of the bigge

NAR: Dec. pending home sales down 8.7%

Higher home prices and interest rates caused many buyers to pause, but an unusually severe winter also impacted Dec.’s number of

FHA to accept more docs with electronic signatures

New policy allows e-signatures on origination, servicing and loss mitigation documents; and FHA insurance claims, REO sales cont

Former Howard Johnson’s site to feature million-dollar condos

Paramount Fort Lauderdale Beach set to open in 2016

They’re still two years away, but luxury condominiums are coming t

Real estate notebook: Wellington equestrian estate to be auctioned March 1

A 15-acre equestrian estate in Wellington , originally set to be auctioned in December, now will go on the block March 1.

South Florida landowner refinances, buys time to sell

The owner of prime properties in Broward and Palm Beach counties has refinanced the debt, buying more time to sell the land.

Tight inventory? U.S. still has lots of vacant homes

2.1% U.S. family homes were vacant in 2013’s fourth quarter. In Fla., 2.4% were vacant, ranging from 4.1% in Orlando to 0.7% in

Subprime loans are out – ‘nonprime’ loans are in

Nonprime loans that appeal to high-risk buyers are making a comeback, but lenders retain some stricter rules – like a 30 percent

GL Homes ranks first in Palm Beach County housing starts

GL Homes was the busiest builder last year in Palm Beach County.

Market Trend: Jacksonville’s Industrial Vacancy Stays at 9.2%

The Jacksonville Industrial market ended the fourth quarter 2013 with a vacancy rate of 9.2%.

The vacancy rate was unchanged ov

Census Bureau studies Americans’ Internet use

Marketing via the Internet? Its effectiveness depends on your niche. While 71% of younger adults use smartphones, for example, 6

Confidence in 55+ housing market at 7-year high

All parts of NAHB’s 55+ single-family index grew significantly in 4Q 2013: Attitudes about present sales rose 26 points and sale

In The Pipeline: CoStar Development & Construction News for Feb. 5 – 11

Kilroy Plans Mixed-Use Campus In Hollywood
Kilroy Realty Corp. (NYSE: KRC) has acquired a full city block near Sunset Boulevard

Target’s security problems could impact home sales

Retailers’ recent data breaches could hurt home sales if buyers find themselves with damaged credit and lower scores. Also: How

Farm bill extends rural housing loans

Pres. Obama is expected to sign a farm bill passed by Congress that extends a low-downpayment, low interest loan program used by

GL Homes to launch Seven Bridges development near Delray

Sales at the 742-home luxury community to start in March

GL Homes, the busiest builder in Palm Beach County last year,

Report: Seriously delinquent mortgages persist in South Florida

South Florida’s seriously delinquent mortgage rate has declined over the past four years but still remains the highest of

Life grows after dark on Las Olas Boulevard

Finding fun after dark on Las Olas Boulevard once bordered on impossible.

Expired short sale tax relief may impact home sales

While Congress may yet extend IRS tax forgiveness for short sales retroactively, potential sellers could be holding off their ho

Some flood insurance increases delayed until 2015

FEMA: Homeowners “grandfathered” in – those with rates based on earlier flood zone codes – won’t see a rate increase until 2015.

Downsizings: Planned Job Cuts Surge 50% Led by Retail

After falling to a 13-year low in December, monthly job cuts surged nearly 50% to kick off 2014, as U.S.-based employers announc

Downsizings: Planned Job Cuts Up 50% Led by Retail

After falling to a 13-year low in December, monthly job cuts increased nearly 50% to kick off 2014, as U.S.-based employers anno

NAHB: Housing recovery threatened by flat wages

“A significant amount of pent-up housing demand exists, but for it to be unlocked more rapidly, additional gains in wages must b

Annual home starts increase in Palm Beach, Broward counties

Home starts increased in Palm Beach and Broward counties last year as residential construction continues to grow at a steady pac

Ares Commercial Sells ARIUM Atlantic Beach

Carroll Organization, a privately-held real estate company focusing on multifamily investment, management and development, acqui

Real estate notebook: NHL Commissioner Bettman buys Highland Beach condo

Gary Bettman, commissioner of the National Hockey League, spent $3.

Smoke-free condo projects planned for Fort Lauderdale

The developers of a new smoke-free condominium in Fort Lauderdale have announced plans for two other boutique condos in the area

Ask a real estate pro: Borrower needs forbearance plan

Q: Several months ago, I lost my job and have been living from savings and keeping current on my bills.

Multifamily Bldg Trades for $8.7M

Eagle Property Capital acquired Cross Creek at 1441 Manotak Ave. in Jacksonville, FL from Castle Hill Partners for a little more

South Florida house sales, prices increase in 2013

South Florida’s housing market in 2013 was a tale of two halves.

NAR: Metro areas see solid home-price growth in 4Q 2013

NAR: Metro areas see solid home-price growth in 4Q 2013

Men and women fall in love with a home differently

Men can have weekly crushes and tend to focus on the garage, while women fall in love less often and tend to swoon over updated

Fla.’s housing market gained momentum, strength in 2013

Single-family sales up 11.8%, condo sales up 5.1% and single-family median price up 15.9% year-to-year. NAR: Solid price growth

Most consumers now think they qualify for a mortgage

Recovery milestone: The number of Americans (52%) who think it would be easy to get a mortgage is greater than the number who do

In The Pipeline: CoStar Development & Construction News for Feb. 12 – 18

Mitsui Fudosan America Opens San Francisco Office
About a month after announcing a major office development with SKS Partners in

Lady Fitness of America founder sells Fort Lauderdale mansion for $6.5 million

Roger Wittenberns, founder of the Lady Fitness of America health club chain, has sold his Fort Lauderdale mansion for $6.

U.S. House prepares its own flood insurance bill

The good news: A flood insurance fix is moving forward in Congress. However, the House version differs from a four-year delay ap

Fla. had nation’s top foreclosure rate in Jan.

RealtyTrac: One in every 346 Fla. homes faced foreclosure – but fewer owners received first notices (down 33% year-to-year) as n

Fannie Mae announces a ‘sale’ on REO homes

Buyers who submit an initial offer by March 31 and close by May 31 can get up to 3.5% back for closing costs or to pay points th

Commercial investors ‘cautiously optimistic’

NAR: Commercial real estate investments are expected to produce generally solid returns in 2014, according to report.

Ask a real estate pro: Tenants still living in foreclosed home

Q: I recently purchased an investment property at a foreclosure auction.

Valentine’s Day note: Buyer’s ‘love’ Fla. homes

At least that’s what Realtors tell potential buyers in listings based on the number of times “love” appears. In HomeFinder surve

New home purchases up sharply in Jan. 2014

Mortgage bankers say new home sales skyrocketed, rising 35% month-to-month. Sales rose so much that MBA went out of its way to a

Most Fla. real estate brokers expect higher profits

Latest Fla. “Profile of Real Estate Firms” finds 70% expecting higher profits over next two years, 46% recruiting agents and 72%

Floridians value water but not ready to conserve

UF survey: Interest in water ranked third in a list of public issues behind the economy and healthcare, and ahead of taxes and p

Carl Icahn Returns to Real Estate as Florida Homebuilder

It’s been almost five years since renowned corporate raider Carl Icahn dabbled in residential home building when he was then a

South Florida law firm holding seminars for community associations

A South Florida law firm will hold free seminars Tuesday and Wednesday for community association board members.

Sanctuary Centre sells out of developer-owned office space

Commercial real estate market slowly improving, brokers say

With six office condominium sales in recent weeks, the Sanc

Mark at Cityscape apartments planned for Boca

The Mark at Cityscape, a 208-unit apartment complex in Boca Raton , is expected to open early next year.

Jewish Federation of South Palm Beach County builds retirement facility

Sinai Residences expected to open in West Boca in late 2015

Seven years ago, the Jewish Federation of South Palm Beach

Margaritaville developer launching Hollywood condo project

Positano Beach expected to open in early 2015

Margaritaville developer Lon Tabatchnick has started construction on a b

Former Howard Johnson’s hotel to be demolished to clear way for luxury condos

What’s left of the former Howard Johnson’s hotel on Fort Lauderdale beach will be torn down Wednesday starting at 8

Bad weather puts damper on builder confidence

Unusually severe weather across much of the nation – plus ongoing concerns over the cost of labor and lots – caused a 10-point d

In The Pipeline: CoStar Development & Construction News for Feb. 19 – 25

JCPenney Taps Team to Develop $2B Project in Plano, TX
JCPenney envisions a massive $2 billion mixed-use development on the vaca

Has the stricter QM mortgage rule slowed lending?

Some experts predicted tighter mortgage rules would slow the rebound, but others remained optimistic. NAR lender survey attempts

Cold-calling less effective as a marketing strategy

A CDC study found that 2 in 5 U.S. homes had only cellphones – no landlines – at the end of 2012, a percentage that rose to 60%

Lingerfelt To Lease and Manage 2.1 Million-SF Jacksonville Portfolio

A joint venture comprised of South Norwalk, CT-based Greenfield Partners and Somerset Properties out of Ambler, PA, tapped Linge

RealtyTrac: Buying a home still beats renting

Home prices and interest rates keep climbing, but it’s still cheaper to buy a house than to rent one in South Florida, acc

Realtor.com: Jan. 2014 data points to homebuying season early start

Realtor.com: Data shows uptick in inventory (3.1% year-over-year) in Jan. 2014, one month earlier than last year. Median list pr

Cost of paying for a home up 21% year-to-year

RealtyTrac: Thanks to higher interest rates and home prices, it costs more each month to buy a home, making housing less afforda

South Florida house prices, listings increase in January

South Florida house prices increased in January — and so, too, did listings as more sellers showed confidence in the revitalize

Ask a real estate pro: Lender requires auction on short sale

Q: We are no longer able to pay our mortgage due to a hardship.

CWCapital Sees Better than Expected Results in Completes $3.4 Billion Bulk Loan Sale

CWCapital Asset Management LLC has sold the bulk of a portfolio of 134 real estate and commercial mortgage loan assets with an u

DBPR: Watch out for unlicensed real estate agents

Secretary says Fla. will continue improving its “standards and regulations,” and issued a release reminding buyers and sellers t

Fla.’s housing market continues positive trends in Jan. 2014

Single-family sales up 10.2%, condo sales up 9.3% year-over-year; single-family median prices up 12.1%, condo prices up 17%. NAR

‘Boomerang’ buyers get another chance at homeownership

Just 10 days before Christmas 2009, Ganel Appolon found an envelope taped to his front door.

Lawyers ripped him off, now a house is his payback

Patrick Coulton’s lawyers ripped him off to the tune of $275,000 and left him to rot in prison.

Real estate notebook: GL Homes to start Seven Bridges sales March 8

GL Homes will launch sales March 8 for its new Seven Bridges development west of Delray Beach .

NAR: Commercial outlook positive but moderating

Quarterly forecast finds continued improvement but at a moderate pace. “Companies appear hesitant to add new space,” says NAR ch

Mortgage casualties fall on fewer bank failures

Another positive sign of the U.S. economic rebound: Fewer bank failures. In 2013, 62 failed; in 2012, it was 83; in 2009, 235 ba

Study confirms that toxic drywall impacts health

CDC’s final report finds Fla. homeowners with the drywall had nosebleeds, headaches and breathing problems – and the drywall’s

RealtyTrac: Home flipping down to 3.7% of all sales

Flipping – a purchase and resale in less than six months – dropped in the first quarter of 2014 from 4.1% the previous quart

Flood insurance price break starts today

Buyers of older pre-FIRM properties will receive a premium rate reduction under the new law; and Florida Realtors released a flo

Rule tweak could allow more down payment help

The U.S. tightened mortgage requirements, but a proposal could ease those rules a bit for nonprofit lenders serving lower-income

Survey: What would recent homebuyers do differently?

Chase asked 807 buyers to reflect on a recent purchase. In hindsight, 56% wish they’d known more about the financial aspects of

Floridians’ confidence in economy stays fairly flat

UF: Confidence fell one point this month. “Economy remains on a steady path without any big changes either negative or positive,

Private insurer to take up to 10K Citizens policies

State officials approved the move by Southern Oak Insurance Company, though many homeowners will have a chance to deny the chang

Consumer confidence down but still high in April

The Conference Board index dipped slightly to 82.3, but it’s the second-highest reading since Jan. 2008 after the Board revised

NAR: Pending home sales increase in March

It’s the first upward bump in nine months and a sign that analysts may have been right: Severe winter weather caused the recent

Fla. policyholders less likely to get stuck by a Citizens loss

The state-owned insurer bought more reinsurance. For homeowners with private insurance policies, that means their surcharge risk

TaxWatch: Fla. home construction = growing economy

Report: A boost in home construction shows that Fla. is actively rebounding from the Great Recession. Indirect benefits include

Homebuyers can still find down payment assistance

Help isn’t limited to poverty-level incomes, and in most cases, buyers simply don’t know where to look. A good start: The Florid

March year-to-year sales up 1% in Fla., prices up 11%

RealtyTrac: Sales also rose 1% month-to-month, but sale prices declined slightly: 2%. Also, price increases have slowed in some

645,000 phone numbers now on Fla. Do-Not-Call list

Two years ago, it became free to add a phone number to the state’s do-not-call list. As a result, the list has expanded by 545,0

Stronger home sales should follow a tepid spring

Fitch Ratings: Despite a slow spring home selling season, the economy should continue to improve throughout 2014 thanks to job a

New home sales down in March

HUD and Census: Sales of newly built, single-family homes fell 14.5% – its biggest drop in eight months. Builders blame tight

Fla.’s housing market shows rising prices in March

Single-family home median prices up 7.1% year-over-year, condo prices up 16.7%; single-family sales up 2.8%. NAR: Sales remain s

A top reason buyers aren’t buying? Fear of rejection

Survey: 46% of potential buyers think they won’t qualify for a mortgage, so they don’t try; and 43% incorrectly believe it’s har

New insurance emerging to cover cyber attacks

Could a hacker steal client data – and if so, who would pay for the damage it causes? Cyber insurance, still in its infancy, o

Fla. to insurers: No deductible for crime damage

If a crime causes damage to a home, the owner doesn’t have to pay a property insurance deductible under a 1994 Fla. law – but

Number of homes seriously underwater at two-year low

Fla. ranks second (31%) behind Nevada (34%) for high-negative-equity homes. Of those in foreclosure, 59% are seriously underwate

Fla. issues memo to businesses: Taxes are lower here

Enterprise Florida used tax day, April 15, to give out-of-state businesses a list of low-tax reasons they should consider reloca

High demand for U.S. real estate in 10 countries

Expect more international buyers who consider the U.S. economically stable and safe for investors, along with bargain real estat

Prediction: 50% of buyers in 2020 will be Hispanic

National Hispanic association report: With 47% of U.S. homeownership growth between 2000 and 2013 Hispanic – “This is a story

In May, some flood policy costs revert to 2013 levels

FEMA issued guidelines today for insurers that sell flood policies. In May, the cost for certain affected policies revert to the

Most force-placed insurance following new rules

Change now impacts more than 90% of Fla. policies forced on homeowners by lenders. Fla. review found many practices hurt state’s

HUD renews support for 7,100 local homeless programs

In Fla., about 300 local homeless programs that provide housing and support services to homeless families will receive almost $7

Key to commercial investors: Infrastructure quality

ULI survey: While infrastructure is top deal breaker or maker for 88% of investors, demographic forces (consumer demand, workfor

RealtyTrac: Fla. still No. 1 in foreclosure rates

One in every 407 Fla. homes with a mortgage is in some stage of foreclosure, and eight Fla. cities (200,000-plus population) are

Fannie: Housing stalls but future looks brighter

If consumer attitudes are an indication, home sales will pick up soon. Monthly survey finds positive outlooks about finances and

How do you appraise the value of home’s solar panel?

An appraiser looks at comparable homes to calculate value, but not enough energy-efficient properties exist yet. New Appraisal I

Mortgage Bankers: Commercial lending up in 2013

Report: The dollar volume for commercial and multifamily mortgages closed in 2013, $358.5 billion, was 47% higher than in 2012.

Could that 3.5% down payment loan be overpriced?

Critics say hidden Fannie/Freddie fees are federal homebuyer surtaxes – and they’re not needed since risk is mitigated through

NAR and realtor.com launch first joint campaign

Their goal: To drive consumer awareness of Realtors and realtor.com’s value, and to explain the issues that impact buying, selli

First look: New TILA-RESPA compliance guide

On Aug. 1, 2015, mortgage loans become easier for consumers to understand but not easier for lenders to create. U.S. consumer ag

New buyer question: Is my data secure?

Could a hacker tap into clients’ financial data? Americans worry more now thanks to the recent Target data breach, and agents sh

FEMA issues flood insurance update

FEMA explains how it will implement the latest flood insurance law in a seven-page memo. In the short term, some owners may have

Fla. recreational, ranchland transactions down, prices up

2014 “Lay of the Land” report: Closed sales for Fla. rec and ranchlands down 50% over the past year, but the year-over-year medi

U.S. foreclosure inventory down 35% year-to-year

CoreLogic: Fla. had 118,000 completed foreclosures for the month – 136% more than second-place Mich.; as a percentage, its for

Families more willing to move for the woman’s job

Mayflower survey: One in three American households considering a move this year, and women’s careers increasingly drive a decisi

Vacation home sales up in 2013, investment property declines

NAR: Vacation home sales rose and made up 13% of all 2013 transactions; investment homes, while down, made up 20%; and owner-occ

Freddie: No more record-low mortgage rates

While 4.3% rates remain historically low, it’s unlikely they’ll flirt with the 3.31% record set in Nov. 2012 – but 1981’s hist

Study: Vacation rental owners making more money

HomeAway, one of the nation’s largest home rental companies, says 84% of homeowners report stronger bookings year-over-year, eve

NAR’s 30 under 30 class of 2014

One Fla. Realtor, Juan Carlos German with the Carlos German and Team Inc. in Kissimmee, made NAR’s annual list of up-and-coming

Freddie Mac: Fla. most-improved state in past year

It’s also the most-improved state month-to-month in January. Miami, Orlando and Tampa are cited in the index’s top-five for impr

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