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Mortgage applications up for second straight week, interest rates rise slightly
The number of mortgage applications for the week ending January 11, 2013 increased 15.2 percent on a seasonally adjusted basis from the week ending January 4, 2013, the Mortgage Bankers Association...
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House approves an additional $50.7 billion worth of hurricane aid
Nearly two weeks after reluctantly okaying $9.7 billion in relief funds for Hurricane Sandy victims, lobbying and lambasting has moved the House to pass the rest of the $50.7 billion emergency bill,...
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Goldman and Morgan Stanley reach $557M deal in “robo-signing” case
Goldman Sachs and Morgan Stanley will shell out a combined $557 million to settle the federal government’s allegations that the banks foreclosed on homeowners who should have been allowed to stay in...
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Instagram: the next Pinterest?
From the January issue: Several times a day, Douglas Elliman Managing Director Fredrik Eklund uploads images to Instagram, the popular photo-sharing platform recently purchased by Facebook for $1...
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Today’s priciest new listing
Today’s priciest new listing is four-bedroom, four-bathroom, 6,229-square-foot, single-family home that is asking $5.5 million, according to Condo Vultures. The waterfront house, which is located at...
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Miami’s Aztec Group secures $4 million loan for Lakeland Kmart
Miami-based Aztec Group has secured a $3.91 million loan for the acquisition of a Kmart store at 4717 South Florida Avenue in Lakeland, the firm announced. Aztec Group’s Charles Penan and Howard Taft...
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Palm Beach condo sales rise 30 percent: report
The number of condominiums and co-ops that sold in Palm Beach in November rose 30.8 percent year-over-year, according to the latest Evans Report from Palm Beach-based attorney and real estate analyst...
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One Sotheby’s tapped to Market Altos del Mar community in Miami Beach
One Sotheby’s has been tapped as the exclusive sales and marketing firm for Altos del Mar. The 24-unit single-family home development includes homes ranging from 3,250 square feet to 11,000 square...
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Pordes-Ladder joint venture pays $119M in 427-unit Las Vegas bulk buy
A joint venture between Aventura-based Pordes Residential Sales & Marketing in Aventura and Ladder Capital Finance in New York has purchased 427 units in Last Vegas’ Veer Towers from MGM Resorts...
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Stiles Construction, Seminole Tribe of Florida form joint venture
Stiles Construction, a division of Fort Lauderdale-based Stiles, has formed a new joint venture with the Seminole Tribe of Florida. The new venture, Seminole Develompent and Construction, will provide...
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Five real estate companies make Fortune’s list of best places to work
Fortune Magazine just released their annual ranking of the country’s 100 top employers. Many usual suspects top the list, including Google, the Boston Consulting Group, and DreamWorks Animation. But...
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U.S. housing starts climbed in December
Housing starts rose to a seasonally adjusted annual rate of 954,000 in December — the highest level of new-home development since June 2008 — according to new numbers released today by the U.S....
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Consumer Financial Protection Bureau announces new rules for mortgage servicers
The Consumer Financial Protection Bureau is expected today to roll out a set of new rules to prevent foreclosures, the New York Times reported. The rules will focus on mortgage servicers, which gather...
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Florida sees uptick in foreclosure activity in 2012
U.S. foreclosure filings — including default notices, scheduled auctions and bank repossessions — are down 3 percent year-over-year, according to a year-end foreclosure market report issued by...
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Today’s priciest new listing
Today’s priciest new listing is a three-bedroom, three-bathroom, 3,265-square-foot condo in the St. Regis that is asking $8.5 million, according to Condo Vultures. The waterfront condo, which is...
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North Bay Road spec project re-lists for $10M
A property on North Bay Road in Miami Beach that is currently under construction has been listed for $9.95 million, according to data from real estate information firm StreetEasy. The property, which...
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Epicure expanding to Coral Gables with 24,000-square-foot lease
Epicure Gourmet Market & Cafe has signed a 24,000-square-foot lease for the ground floor of Gables Ponce, a new mixed-use project at the intersection of Le Jeune Road and Ponce de Leon Boulevard in...
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Just 850 developer units remain unsold in downtown Miami: report
Just 850 new units built after 2003 are still in the hands of their original developers in downtown Miami, according to a new report from brokerage and consultancy Condo Vultures. From January 2012 to...
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Sapient signs 54,000-square-foot lease at Mayfair in the Grove
Information technology firm Sapient has signed a 54,000-square-foot lease at the Mayfair in the Grove office and retail complex in Miami’s Coconut Grove neighborhood. The deal, which includes...
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Palm Beach home lists for $8 million
A home at 1157 North Lake Way in Palm Beach has listed for $7.9 million, according to data from real estate information firm StreetEasy. The three-bedroom, 4.5-bathroom waterfront property has a total...
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