Tag Archives: Condos

Lennar Being Sued Over Chinese Drywall

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Chinese drywall continues to be a headache for home builder Lennar Corp.

Lennar said Monday that it had been sued in U.S. District Court in Florida in connection with imported drywall that smells bad and possibly releases dangerous gases.

The suit was filed by an individual, Lorena Garcia.

Lennar itself is suing two Chinese drywall manufacturers, claiming the drywall, which it bought and installed in 2005 and 2006, is defective and is causing electrical problems and foul odors in homes it built throughout Florida.

Source: The Wall Street Journal, Ingrid Pedrick Lehrfeld (04/20/2009)

Home Prices Rise in February

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WASHINGTON, DC – March 25, 2009 – U.S. home prices rose 1.7 percent on a seasonally-adjusted basis from December to January, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. In December, the FHFA first reported a 0.1 percent increase, which was later revised to a 0.2 percent decline. FHFA ( www.fhfa.gov ) regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks as authorized by the Housing and Economic Recovery Act of 2008.

For the 12 months ending in January, U.S. prices fell 6.3 percent, and the U.S. index is 9.6 percent below its April 2007 peak.

The FHFA monthly index is calculated using the purchase price of houses sold or guaranteed by Fannie Mae or Freddie Mac. For the nine Census Divisions, seasonally-adjusted monthly price changes from December to January ranged from -0.9 percent in the Pacific Division to +3.9 percent in the East North Central Division.

Month-to-month changes in the geographic mix of sales activity explain most of the unexpected rise in prices in January. Home sales disproportionately occurred in areas with the strongest markets, according to the release issued by FHFA. “While it is difficult to perfectly control for changing geographic mix in estimating house price indexes, the data suggest that if one were to remove those effects, the change in home prices in January, while still positive, would have been far less dramatic,” according to the FHFA release.

Reported sales volume, in absolute terms, was relatively low in January. As a result, the FHFA warns that relatively large revisions could occur later.

© 2009 FLORIDA ASSOCIATION OF REALTORS®

New waterfront luxury mid-rise in Downtown West Palm Beach

Downtown West Palm Beach, For Rent, For Sale, Intracoastal, New/Pre-Construction, Waterfront, , , , , , , , , , , , ,

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Located on Clear Lake, in the heart of sunny West Palm Beach, The Edge is a visionary development that provides the exhilaration of an urban lifestyle, while also offering a sanctuary to escape the stresses of everyday life. The Edge is only minutes from the sun-kissed beaches that have made South Florida famous, and just a hop, skip and a jump from the best nightlife, theaters, restaurants, shopping and cultural attractions of the Palm Beaches.

Priced from the very low $100’s
Lease Purchase Options Available
Leasing offered, starting at $1,275 per month

New “Green” Luxury Apartment Building In Downtown Ft. Lauderdale

Downtown Ft. Lauderdale, For Rent, New/Pre-Construction, , , , , , , , , , , , , , , , , ,

 

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 As the finest rental community in Fort Lauderdale, Satori will awaken your senses in life-inspiring ways.  Fill your soul with the serenity of a gentle waterfall or the tranquility of a relaxing Zen garden. Enjoy the ease and convenience of neighborhood shops nestled in a brick-paved village just below your residence.

Live in harmony with a plethora of earth-friendly features that save you money on energy costs while reducing your carbon footprint.  Free yourself from everyday chores with private concierge and valet services.

Pamper yourself in luxury with wonderful amenities — from beautifully appointed interiors by designer Steven G., to the spectacular infinity pool outside your 2-story health club and spa. Everything at Satori has been designed to enrich your life.

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Recharge and refresh in The Club

Awaken your senses in a private two-story health club and spa that is the heart and beat of Satori. Take a swim in the infinity-edge pool, a favorite gathering place for your neighbors and their guests. Enjoy a long afternoon of languor and repose lounging or sipping cocktails by a tantalizing waterfall as it cascades into a whirlpool spa. Stretch and unwind in a yoga class or power through a cardio and strength workout in the gym. The Club also features a Cyber Cafe and conference room, media center, and juice bar.

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Renew Your Mind At the Spa

Inside The Club at Satori you’ll also enjoy a full spa with massage treatment rooms, whirlpool, and men’s and women’s steam and sauna. Soothe away your stresses with a healing massage. Or pamper yourself with a rejuvenating facial in this tranquil oasis.

 

Indulge at the Gourmet Demonstration Kitchensushi

If you enjoy tantalizing cooking classes and guest chef appearances, the gourmet demonstration kitchen at The Club will provide the backdrop for you to experience culinary masterpieces by local chefs. Indulge in decadent desserts from gourmet pastry chefs or enlighten your palette with a wine tasting hosted by a renowned sommelier. It’s all here, just for you! 

 Maintain your chi in our tranquil Zen garden

Discover what an unexpected moment of bliss can add to the quality of your day. Whether you take a moment to meditate in the formal Zen Garden, or gain a measure of inner peace from the mere sight of a reflecting pool lined with palms, or enjoy the smell of fragrant flowers surrounding a verdant courtyard, life at Satori will reward you with happiness.

Enjoy eco-friendly living and make your friends “Green” with envy.

With Satori’s extensive list of “Green” features, you’ll be doing your part to leave a smaller carbon footprint for tomorrow while saving money on your energy costs today.

energy efficiencieswasher

HIGH-EFFICIENCY AIR CONDITIONING (SEER 15) helps reduce electrical consumption by 14%. Carrier’s Hi-efficiency “Puron” meets the Energy Star Guidelines. Plus the use of no CFC based refrigerant is environmentally friendly and won’t deplete the ozone. Efficient MERV 8 air filters reduce air pollution.

PROGRAMMABLE THERMOSTATS help you save energy and lower electric bills.

ROOF SOLAR SYSTEM using Flex Light Photovoltaic system to help lower building electrical costs.

WHITE REFLECTIVE ROOF MATERIAL lowers energy consumption by using single ply 80 mil white reflective roofing material containing 7.5% recycled content.

FRONT LOADING WASHERS AND DRYERS not only use less water and less energy, they are also more gentle on your clothes.

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recycling and pollution prevention

CHLORINE-FREE POOL eliminates chemical exposure to your skin, eyes & hair

RECYCLING PROGRAM for plastic, newspapers, and garbage is good for the environment by reducing landfills.

BARK PARK has an abundant supply of bio-degradable waste bags

ENVIRONMENTALLY FRIENDLY CLEANING PRODUCTS

PUBLIC TRANSPORTION helps reduce greenhouse gases while lowering fuel costs and Satori makes it easy with a bus stop right outside the front door. So next time you go grocery shopping, or spend a night out with friends, leave your car home and take an earth-friendly bus

PLUG-IN STATIONS available in the garage for charging electric/battery powered vehicles.

eco-friendly construction

ZERO VOC-EMITTING CARPET AND LOW VOC-EMITTING PAINTS means low Volatile Organic Compounds.

CONCRETE PAVERS use recycled content.

LIGHT GAUGE STEEL used for interior walls contains a minimum of 31% recycled content.

THE DRYWALL uses gypsum board with no reportable VOC content.

COVERED PARKING GARAGE utilizes a reduced heat island effect to reduce global warming.

PRESERVED NATURAL HABITAT through redevelopment of the property.

RECYCLED MATERIALS from the demolished buildings.

CONSTRUCTION WASTE diverted from landfills to recycling transfer stations

pricing 

1bd/1bth from $1,407 per month
875 – 976 square feet

2bd/2bth from $2,149 per month
1,215 – 1,516 square feet

3bd/2bth from $2,500 per month
1,426 – 2,885 square feet

**Select units offer 2 free months
**Pricing and availability subject to change

Types of Downtown Properties

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The Types of Urban Living Homes in North America

There are many opportunities for a prospective individual or couple to get into the real estate market. Whether you are looking for a permanent residence or a real estate investment home, both the United States and Canada markets provide numerous types of housing that will suit your lifestyle and requirements. Obviously, the most expensive but most sought after urban living real estate property is a home. Not only does a private home provide you with ample space and privacy, but they are really at a premium in most major cities and towns these days as they have become quite expensive, especially homes and residences near city centers and major transportation routes. The more common real estate development now sees the construction of townhomes and townhouses which are attached dwellings that give the privacy of a home but within a residential community that is based on smaller properties for couples and families. The most urban type of real estate property on the market these days in both Canada and the United States are definitely condos or condominiums. Also called apartment residences, condos in both the United States and Canada have seen an exponential increase in both the number of units being planned and built, but also in the interest from all types of buyers and investors. Living in a high-rise residential building has its perks including amazing views, luxury amenities, features and finishes that are comparable to a custom home and of course the community aspect. With condominiums, there are penthouse suites as well as loft residences available to the real estate investor or home buyer as well.