Saturday, December 30, 2006

Condo conversions stall; developers adapt The pace of apartment-to-condominium conversions has slowed to a crawl as the U.S. housing sector has cooled, leaving many developers with tough choices on how to manage half-sold and half-renovated building projects. 8:39:28 PM

FL: Briny Breezes' mobile home owners could soon be millionaires Nestled conspicuously amid multimillion-dollar homes and splashy high-rise condos, the coastal trailer-park town of Briny Breezes seems out of place, a relic of Old Florida that may soon vanish. If residents approve the Palm Beach County community's sale to a developer for more than a half-billion dollars, almost every owner of the 488 trailers would become an instant millionaire. 8:22:54 PM

TX: SMU starts tearing down contested condos Southern Methodist University has started demolishing a condominium complex on land that could house the future George W. Bush Presidential Library, and which has been the subject of a lengthy legal battle 8:15:12 PM

FL: Trump ups his ante on flagpole suit Real estate tycoon Donald Trump hopes to raise the stakes in the legal battle that pits him against the town of Palm Beach.  He wants to more than double the amount he's suing the town for - from $10 million to $25 million - he said Wednesday. 8:01:42 PM