Midrise condo tower planned near USF in downtown St. Pete (Renderings)
A developer is planning to build a small condominium project in downtown St. Petersburg, near the city's burgeoning Innovation District. Named for its address, 357 on Fifth will include 13 units that range from 1,031 square feet to penthouses that are more than 2,460 square feet. Pricing will range from the upper $500,000s to $1.35 million. The development team, which includes Dr. Julie Kessel, paid $850,000 for the site in March, according to Pinellas County property records. The property is…
US existing home sales fall for fourth consecutive month
Despite strength in the labour market and improving wages, which have buoyed demand for homes, purchases have been weighed down by rising mortgage rates and tight inventory that drive up the cost of homes.
US housing starts rise by less than forecast
US home construction rebounded by less than expected last month data on Thursday showed, prompting one economist to says housing is “the sole weak spot in the economy”.
SimpleShowing opens doors for homebuyers, sellers
The technology-power brokerage is among a growing group of companies disrupting the residential real estate sales industry.
Tampa man gets prison term for condo sales scheme that defrauded Wells Fargo, other lenders
A Tampa man who pleaded guilty to conspiracy to commit wire fraud in connection with a Temple Terrace condo sales scheme was sentenced to 18 months in prison. Daniel Cardenas was one of several people involved in the scheme to sell units at The Preserve at Temple Terrace, a 392-unit condominium complex in Tampa, prosecutors said. The scheme took place from October 2007 through May 2008. Two other men — Carlos Escarria and Alejandro Tobon — were sentenced for their part in the scheme in May. All…
As Google Maps renames neighborhoods, residents fume
Google cartographers can reshape the identity of a city, town or neighborhood with a name choice. How the company arrives at its names is often mysterious, but it's clear the decisions have far-reaching consequences, including Google Maps driving increased traffic to quiet neighborhoods.