Port St. Lucie Local Business
Local business in Port St. Lucie, FL
Monday Sep 15 | via Florida Trend
Tradition in south Florida is due for a growth spurt, the manager of the developments says. It's reasoning: A scarcity of large tracts of raw, developable land in the three southeast Florida counties; it's close to the bulk of Florida's population; it has I-95 access, approvals are in place for 12 million square feet of development; backbone infrastructure is complete; it's in historically high growth Port St. Lucie and St. Lucie County; and there's just one owner. Comment?
Thursday Sep 11 | via Daily Herald
Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out people who are underwater on their mortgages, many of whom face crushing federal tax bills if they accept -- or have already accepted -- principal reductions by their lenders? This question is especially sensitive in the wake of the $16.65 billion toxic loans settlement reached last month by Bank of America and the Justice Department. Roughly $7 billion of the deal is earmarked for direct borrower relief, and a large chunk of that is expected to involve principal write-downs for underwater owners. Comment?
Nov 30, 2012 | via Philly.com
Glenn E. Straub, a South Florida investor, emerged from nowhere this week with his $90 million cash bid for Atlantic City's bankrupt Revel Casino Hotel. But for the last 20 years, Straub, 67, has made it his business to buy distressed properties - including a polo club, massive yachts, and even a high-end development in Port St. Lucie, Fla., that was left for dead by Philadelphia's Lubert-Adler real estate firm. Comment?
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