New format puts both restaurants in the same building with shared bar and kitchen Palm Coast, FL – November 24, 2009 – It looks like Darden Restaurants will be bringing both its Red Lobster and Olive Garden brands to Palm Coast’s Town Center. Rumor has it that they will be using a new format that […]
The tired Palm Harbor Plaza has a new owner. Upgrades will likely include a remodeled Publix. Palm Coast, FL – November 23, 2009 – Palm Coast’s Palm Harbor Plaza has a new owner; Chicago-based Inland Group. Palm Coast’s first shopping center had begun to look tired of late. Inland plans to update the real estate. […]
Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, while inventories continue to decline. Washington, November 23, 2009 – Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established […]
Press Statement on Corrosion in Homes and Connections to Chinese Drywall from U.S. Consumer Product Safety Commission November 23, 2009 – A Press Statement on Corrosion in Homes and Connections to Chinese Drywall was issued today by the Consumer Product Safety Commission. Results from a major indoor air study of 51 homes are being released […]
Lenders rely on comps. Inflate the comps so banks will approve the deals. Here’s how some allegedly did it. Palm Coast, FL – November 20, 2009 – My first article in this series, "Real Estate and Mortgage Fraud was Massive, Rampant" elicited several reader comments; a debate really. Choices have consequences. Aren’t buyers ultimately responsible […]
Many were confused with today’s announcement that Morgan Stanley gave up ownership of Crescent Properties to lender Barclays. That was a different Crescent. Palm Coast, FL – November 20, 2009 – Several GoToby.com readers contacted me about a Wall Street Journal story announcing that Morgan Stanley had given back Crescent Properties to lender Barclays. They […]
The three-judge panel upheld the Save Our Homes amendment as well the new portability provision, both of which favor long-time Florida resident homeowners. Palm Coast, FL – November 18, 2009 – The Save Our Homes amendment, passed in 1992, caps annual assessment increases to 3% for homesteaded properties. Last year, Florida voters added a portability […]
Cypress, Pines, and Matanzas said not to be part of bankruptcy, but guess who paid the back property taxes? Palm Coast, FL – November 18, 2009 – Ever since real estate developer Crescent Resources and 130 of its subsidiaries filed for bankruptcy in June, I’ve been trying to sort out who owns the four Palm […]
Developer email says ‘baffle them with BS.’ Palm Coast, FL – November 17, 2009 – Would you want to build your new home on a potential landslide site? One person who purchased a building lot in the upscale golf and ski resort of Spanish Peaks, near Big Sky, Montana thinks his developer should have told […]
Montana’s lavish club fell prey to a bad loan, a tanking economy and owners who couldn’t play nice. A year after going bust, the club is trying to exorcise its past and make amends with the community. Palm Coast, FL – November 16, 2009 By: Cameron Morfit, Senior Writer, GOLF Magazine Act two for […]