http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/?cxntfid=blogs_real_time Latest updates and chat about South Florida real estate from Post reporters. en-us ttheisen@pbpost.com 2009-01-23T13:08:00-05:00 hourly 1 2000-01-01T12:00+00:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/23/real_time_has_moved.html?cxntfid=blogs_real_time The Real Time blog has a spiffy new home. Please change your bookmarks to this link. Thanks! Grab the RSS feed here.... Post Staff 10276503@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ 2009-01-23T13:08:00-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/20/wonderful_life_billionaire_see.html?cxntfid=blogs_real_time Jeff Ostrowski 10197303@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-20T16:54:35-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/20/office_warehouse_vacancies_ris.html?cxntfid=blogs_real_time The one-two punch of the recession and the housing meltdown continued to batter Palm Beach County commercial real estate during the fourth quarter, CB Richard Ellis says. The county’s office vacancy rose to 22.8 percent, up from 19.6 percent... Jeff Ostrowski 10191703@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-20T14:52:00-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/15/palm_beach_county_foreclosure.html?cxntfid=blogs_real_time Foreclosure filings rose 133 percent in Florida, 96 percent in Palm Beach County and 81 percent nationwide from 2007 to 2008, RealtyTrac says today. Palm Beach County ranked 16th among U.S. metro areas in percent of housing units in foreclosure.... Jeff Ostrowski 10082603@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-15T09:27:57-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/14/vultures_and_unsold_units_a_ma.html?cxntfid=blogs_real_time View Larger Map... Jeff Ostrowski 10003003@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-14T17:59:39-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/14/gl_homes_pushes_ahead_with_110.html?cxntfid=blogs_real_time The housing downturn is killing most homebuilders, but privately held GL Homes keeps buying land and selling homes. Its Valencia Pointe community west of Boynton Beach is mostly sold out. Its Greystone project was the top seller in South Florida... Jeff Ostrowski 10070203@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-14T17:37:51-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/09/whitney_condo_latest_vulture_t.html?cxntfid=blogs_real_time For two years now, we heard speculation that vulture investors were circling West Palm Beach’s overbuilt condo market, but no vulture deals ever closed. Maybe the construction cranes scared off the scavengers. In recent weeks, though the vultures have arrived... Jeff Ostrowski 9957003@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-09T16:52:15-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/08/rbc_banks_consumer_confidence.html?cxntfid=blogs_real_time Southeastern consumers are unusually sour about the economy, according to RBC Bank’s Consumer Attitudes and Spending by Household survey. A year ago, RBC’s index for the Southeast was 79.9, above the national average of 75.8. Today, the Southeast index has... Jeff Ostrowski 9927703@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-08T16:10:17-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/08/macys_to_close_palm_beach_mall.html?cxntfid=blogs_real_time Macy’s Inc. said this morning it will close its 190,000-square-foot store at the struggling Palm Beach Mall on Palm Beach Lakes Blvd. Cincinnati-based Macy’s (NYSE: M) said the store has 71 employees. Macy’s also said it would close 10 other... Jeff Ostrowski 9913103@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-08T09:32:36-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/07/vulture_swoops_into_west_palm.html?cxntfid=blogs_real_time In a sign that bargain hunters are taking advantage of West Palm Beach’s condo glut, the head of a large Pennsylvania-based roofing company has snapped up 26 units at The Edge. Ed Dunlap (right), chairman of CentiMark of Canonsburg, Pa.,... Jeff Ostrowski 9890403@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-07T12:22:00-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/06/florida_title_attorneys_no_mea.html?cxntfid=blogs_real_time Not-so-Happy New Year: 2009 and 2010 will be tough years for Palm Beach County’s housing market, predicts Attorneys’ Title Insurance Fund. “No meaningful recovery is expected until 2011,” writes economist Hank Fishkind in the group’s annual forecast. Fishkind blames weak... Jeff Ostrowski 9860303@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-06T11:54:47-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/05/downtown_at_the_gardens_strugg.html?cxntfid=blogs_real_time I went to the Yard House at Downtown at the Gardens on Saturday night, and the place was packed. The Whole Foods Market there always seems busy, too. But Rosa Mexicano (above) was notably dark. It’s just the latest... Jeff Ostrowski 9840703@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-05T15:52:11-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2009/01/05/cb_richard_ellis_pays_676_mill.html?cxntfid=blogs_real_time CB Richard Ellis paid $67.55 million for the Esperante Building in downtown West Palm Beach, according to a deed filed today. The price represents a big discount from the $104.5 million that ING Clarion paid for the Class A... Jeff Ostrowski 9838603@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2009-01-05T14:41:23-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2008/12/31/brutal_year_for_palm_beach_cou.html?cxntfid=blogs_real_time Among Palm Beach County’s publicly traded companies, there was one big winner and a lot of big losers in 2008. The big winner: Ocwen Financial Corp., the mortgage servicer based in West Palm Beach. Its shares soared 66 percent for... Jeff Ostrowski 9766803@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2008-12-31T16:25:21-05:00 http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/entries/2008/12/29/tesoro_three_other_ginn_projec.html?cxntfid=blogs_real_time Battered by the housing downturn, the developer of Tesoro, a high-end community in Port St. Lucie, has filed for bankruptcy protection for two of its projects and restructured two others. (That’s Tesoro’s $45 million clubhouse above.) Two affiliates of... Jeff Ostrowski 9718603@http://www.ajc.com/blogs/content/shared-blogs/palmbeach/realestate/ Jeff Ostrowski 2008-12-29T11:30:58-05:00