Last week, Palm Beach County officials selected a development team to build a new hotel to prop up the county convention center in downtown West Palm Beach. It seemed an insane move, since thousands of empty condo units already crowd the South Florida skyline, including more than 350 unsold units…
Here’s a riddle of government wisdom: Palm Beach County commissioners have been itching for a hotel to prop up the convention center in downtown West Palm Beach for years. Industry experts warn that the center will never drum up enough business without some beds nearby.Yet right next door on Okeechobee…
Hell, let the bank have it! Because it’s not like the former New York Giants star wideout was using the Lighthouse Point mansion he bought in 2005. No, these days the 32-year-old Plaxico Burress has a rent-free room at New York state’s Oneida Correctional Facility, where he’s counting the days…
An otherwise rosy real estate picture for South Florida’s tri-county area was thrown out of whack by a devastating report of foreclosure actions in Palm Beach County.Real estate analysts at Condo Vultures found that foreclosures in January 2010 dropped by 23 percent in Broward County compared to January 2009 and…
We held out for as long as we could. Property values in Florida — especially South Florida — were always so much higher than those other Southern states. We were so smug, weren’t we, in 2006?That’s the year when the housing bubble was stretched to its very limit, and from…
“What is today — Friday?” asks Pompano Beach City Manager Dennis Beach. “This is my fifth day on the job.” Indeed, an eternity. Which is why Juice called to ask whether he had finally gotten ’round to addressing the massive condo vacancy on the beach.The emptiest one of all: the…
Ain’t no sunshine in Sunshine Village today. Yesterday the Palm Springs City Council voted unanimously to change the zoning at this trailer park off 10th Avenue North to commercial, thereby making way to clear the park for an incoming Wal-Mart.Residents like Michael Garcia are wondering why…
Make room in the pool for a whale of a victim of the South Florida housing slump. Malcolm Glazer, a billionaire corporate raider/sports franchise owner, had to mark down a Palm Beach home he was listing for $27.5 million. It sold for just $24 million.What? You don’t feel sorry for…
Boynton Beach is now giving Sunrise a run for its money in the competition for ghostly condo buildings. These 14-story cream-colored towers perched on the edge of the Intracoastal Waterway are part of a project known as Promenade, where just four years ago buyers camped out overnight to snatch units…
If you happened to be a highly prominent person of color visiting West Palm Beach in the first half of this century, chances are you would have stayed at Haley Mickens’s house at 801 4th Street. Mickens and his wife Dr. Alice Frederick Mickens, a well known civil rights activist,…
That’s the living room on the right — not bad for a quarter million, eh? You can see a bunch more photos at the realtor’s site, here. Every week, Realtor.com puts together a list of the nation’s five most-searched-for homes that fall within the median price of an American home…
They call them Flippers, Flippers,Faster than lightning;No one you seeIs smarter than they….That’s right folks, our favorite highly intelligent mammal has been spotted cavorting in Florida waters. Florida Trend reports that the flipper is schooling again, only this time the goofy grin is for real and these animals really are…
[jump] Opinions on the current economic situation in this country are like assholes – so far all they’ve produced is shit and thinking about them during sex can make things awkward (and yeah, everyone seems to have one). And though I think all of Michael Moore’s films are well-intended (and…
South Florida homebuyers who can afford to buy mansions are opting to buy, well, un-mansions, according to a story on yesterday’s huliq.com. Huliq reached its conclusion by looking at home sales in South Florida and studying census figures: Turns out the average size of a new single family home declined…
After a summer of dire predictions, Corus Bank’s failure late Friday was almost an after-thought. The Chicago-based bank gorged itself on condo loans during the real estate boom, then hemorrhaged cash as many of the projects it financed sat empty. But the bank’s demise has serious ramifications for condos in…
Did we mess up the bagels that badly? Did a reporter get mauled by an 85-year-old practicing parallel parking on I-95 last season? Why won’t the New York Times let South Florida suffer in peace?First, there was the video of a wrinkled Sunrise Lakes diva rapping about her health care…
Like many who ask, “What is Fort Lauderdale”? we at Juice have answer for you. It is beautiful foreclosure capital, playground of good deals for opportunity investment. Indeed, some have called “Venice of America” this place because (in addition to canals, beaches, and boats,) Fort Lauderdale have many empty housing…
You have to hand it to the Related Group. No matter how bad the economy gets or how many ghost towers dot the skyline, the Miami real estate giant keeps looking for ways to make a buck. Here’s the current philosophy: We can’t pay our own bills. But hey, let’s…
Residents at the Whitney in downtown West Palm Beach aren’t particularly happy to know that they’re living in one of the only condo buildings in Florida to have a suspected problem with Chinese drywall, at least so far. Especially since that’s about the sum total of what they’ve learned since…
Miami-based real estate giant The Related Group has struggled to weather the housing bust, watching its massive Icon Brickell condo project on Biscayne Bay sit largely empty, while its CityPlace South Tower in West Palm Beach goes into “friendly foreclosure.” But that hasn’t stopped Related’s thirst to keep building. According…
Behind some of the area’s biggest condo ghost towers — Tao Sawgrass in Sunrise and Trump International Hotel & Tower in Fort Lauderdale — lies one very cash-strapped bank. Chicago-based Corus Bank has become a poster child for the condo meltdown, because it lent money to at least 16 South…
In a real estate industry that’s grown fierce since the bubble burst, it’s time to band together and focus on a goal we can all profit from: Fooling Canadian homebuyers.That starts with fooling the Canadian media, and we’re looking good so far, if this recent report in The Gazette of…
