Opportunities

Property Investors: Solving or Contributing to Neighborhood Blight?

Posted on Tuesday, March 22, 2011

Two recent reports about investors who buy vacant and deteriorating homes and resell them quickly paint vastly different pictures of the effects such actions have on neighborhoods. A report released by the Federal Reserve Bank of Cleveland says many cities are being hurt by irresponsible behavior ...

Simple Tips For Buying Foreclosures

Posted on Monday, February 21, 2011

Here are some bulltes points from a segment I recently did for WPTV in West Palm Beach , Florida: Background: Opportunity in all prices ranges, property types and areas. Three Foreclosure Strategies • Distressed or Default- buy from owner. • Foreclosure Sale – buy on ‘courthouse steps’ ...

The Florida Tax Deed Sale Process: An Overview

Posted on Monday, February 14, 2011

Tax certificates and tax deed sales are governed by the Florida Statutes, Title XIV, Chapter 197, “Tax Collections, Sales, and Liens.” I. Tax Certificates Generally Property taxes become due on November 1 in Florida, and are delinquent if not paid by April 1 of the following year. In March, ...

Company acquires $62 million in distressed notes

Posted on Monday, February 07, 2011

Easton Lynd Management in Miami acquired $62 million worth of distressed notes on 14 office, industrial and retail properties across the country. Easton Lynd, which is co-owned by industrial developer Ed Easton, obtained the notes at a 50 percent discount. The deal gives the company control of ...

Palm Beach REIT Chatham Lodging plans public offering

Posted on Monday, February 07, 2011

Palm Beach-based hotel real estate investment trust Chatham Lodging Trust said Wednesday that it is preparing a public offering of 4 million shares. Chatham also said it expects to grant underwriters a 30-day option to purchase up to 600,000 additional common shares. Chatham said it intends to use...

Distressed Debt Investors Turning to Real Estate

Posted on Friday, February 04, 2011

A survey of 100 distressed debt investors found that this year many will increasingly devote their money to real estate. The survey, conducted by Debtwire and commissioned by Bingham McCutchen LLP and Macquarie Capital, polled investors from companies such as hedge funds, private equity firm, ba...

In-house salary range breakdown, where is the money for GCs

Posted on Friday, January 28, 2011

Any in-house lawyers looking for a job in the New Year might be interested in finding out which U.S. regions offer the best-paying prospects. For them, we're trotting out yet another set of numbers from ALM's "Law Department Compensation Benchmarking Survey, 2010 Edition." This time, we'll take a ...

How to Invest Successfully in Emerging Market Real Estate

Posted on Saturday, January 15, 2011

Today, I'm revisiting my "Five Golden Rules for Buying Pre- construction." I find this a useful process whenever a pre-construction project I have invested in or recommended is delivered. To remind you, buying pre-construction is where you buy into a development before it has been constructed. You ...

WHETHER OR NOT NOW IS THE TIME TO BUY INTO 'HOT' AREAS PEGGED TO ZILLOW REPORT

Posted on Tuesday, December 21, 2010

I always say don't be fooled by the broad national real estate stats or by the micro MOM version that don't reflect broader more important trends. Real estate is specific to area, price range, property type and features. And there are plenty of opportunities. Zillow’s hot zip code report re...

D.C. area's renters are caught in squeeze

Posted on Tuesday, December 21, 2010

Rents in the Washington area have soared to the highest level measured in at least 20 years as an array of economic and psychological forces thrust people into the rental market after the housing sector tanked in the last half of the decade. In this region, rental prices surged 22 percent in 200...

Finding a Niche in the Mortgage Mess

Posted on Wednesday, November 17, 2010

In the spring of 2007, as the financial markets roared, David J. Grais, a journeyman New York trial lawyer, was searching for new cases to bring. “I wanted to find something very complex that could face big losses,” said Mr. Grais, who had just left a large corporate law firm to hang out his own ...

Banks Prepare to Shed Nonperformers as Year-End Nears

Posted on Wednesday, November 17, 2010

With the dawning of a new year comes the sense of starting fresh and leaving the previous year’s baggage behind. A number of mortgage lenders are applying this same adage to their loan portfolios as the closeof 2010 nears, and selling off blocks of nonperforming mortgage assets to clean up their b...

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