Investor-owned rentals make strange neighbors

Neighborhoods are changing as more investors are buying distressed single-family homes to rent. Investors from large institutions started buying single-family homes in Palm Beach a year ago. Wall Street hedge funds and other large institutional investors started buying up single-family homes in foreclosure in Palm Beach County about a year ago, according to the Post. […]

Homeowners say frozen land trusts still active

Fidelity Land Trust and affiliate companies deceived homeowners in a foreclosure rescue scheme, urging them to file lawsuits following a state attorney general complaint. It says the land trusts deceived hundreds of property owners statewide and they continued to have money withdrawn from their bank accounts despite a restriction that froze Fidelity Land Trust’s assets […]

Prudential buys Sabadell Bank building

Miami’s Sabadell Bank building was bought by Prudential Real Estate Investors for $184 million. It is a 30-story, 525,000-sq. ft. building, at 1111 Brickell Avenue – last sold in 2002 for $132 million. It is one of the most important commercial office building transactions in South Florida in recent years.

Witkoff Group buys South Beach hotel for $25M

Located at 1050 Washington Avenue in Miami Beach, the earlier Wyndham Garden Hotel Miami South Beach was bought for $25.5 million. The five-building property containing 133 rooms, a restaurant, terrace, bar, and a large pool deck was purchased by Witkoff Group from Majestic Organization. This hotel is still under the protection of the Miami Beach […]