Foreclosed homes give buyers another path to savings
Foreclosed homes sold for a median 27.2% below their estimated value, giving cost-conscious buyers another option as listings reached a six-year high, Realtor.com reported. Economists said the increase reflects a return to more normal market conditions, not a housing crisis.
Braemar sells Key West resort amid Ashford split
Braemar Hotels & Resorts is offloading its oceanfront resort in Key West for $190 million. The sale of Pier House Resort & Spa is part of the REIT’s broader hotel asset selloff intended to fund a $480 million payout linked to a split with its manager, Bisnow reported. Through affiliates Ashford Pie
Related Urban targets aging Coconut Grove housing for two-tower project
Related Urban Development Group wants to replace the majority of an aging public housing complex in Coconut Grove with high-rise apartments that contain some affordable housing under Florida’s Live Local Act. The Miami-based affordable housing subsidiary of Related Group filed plans for Magnus Grove
Recent Posts
