An old rumor with a new twist December 12, 2006 – Several people have told me over past months that Admirals’ Cove, Ginn’s condominium in Yacht Harbor Village was sinking. I didn’t give the story much credibility but recent information makes the rumor very interesting. I’m told that the building is not sinking – simply a rumor. […]
Disney may be coming to St. John’s County, just north of US 1 December 7, 2006 – Almost three years ago I heard that a major theme park company had locked up much of the triangle of land bounded by Interstate 95, SR 206, and US 1 in southern St. John’s County. At that time, the […]
No confirmation and little corroborative evidence, but still a nice rumor December 7, 2006 – Some rumors are so solid, I’m tempted to put them on the news page. The Ginn purchase of Centex lasted as a rumor only a few days before being upgraded to solid news. On the other hand, some rumors a unsubstantiated, […]
Growing number of analysts beginning to hint that the country’s housing slump may be over. Optimism is rising on housing market LOS ANGELES – Dec. 4, 2006 – A growing number of analysts are beginning to hint that the country’s housing slump may be over, pointing to a rebound in home builder stocks […]
November 24, 2006 – My October 29 th newsletter examined the proposition that Palm Coast Lots (PCL’s) are a good indicator of the Flagler County real estate market. At that time, lots were showing some minor price erosion. But when a local developer told me the other day that they were buying PCL’s for prices in […]
Florida Real Estate Commission and the FBI are investigating a new kind of real estate fraud. November 21, 2006 – FACT: A broad scale investigation is underway in the Tampa, FL area exposing a practice of sales contracts for purchase at prices well above the advertised selling price. Investigators have found a pattern of inflated appraisals […]
Wal-Mart has a parcel on Old Kings Road under contract for a new Walmart Supercenter November 21, 2006 – Wal-Mart has contracted for a parcel on Old Kings Road just north of SR 100 in Palm Coast, Flagler County, FL. They plan a very large Supercenter for the site. Still in the rumor category is […]
One of Palm Coast’s leading employers is purchased by a Princton, N.J. company November 18, 2006 – Big news for one of Palm Coast and Flagler County’s largest employer. PRINCETON AMREP Corp. (NYSE: AXR) in Princeton has agreed to acquire Palm Coast Data through its Kable Media Services subsidiary for $92 million. AMREP operates in […]
Target Stores is rumored to be coming to the Town Center site on SR 100 just east of Walgreen’s. November 17, 2006 – If you’ve driven along SR 100 west of the High School lately, you will have noticed that the parcel (about 160 acres) just before Belle Terre (behind Walgreen’s) has had a lot of […]
The Publix at the Belle Terre entrance to Town Center plans a Dec. 7th Grand Opening. November 17 – A December 7th opening is planned for a new Publix supermarket located at the primary Town Center entrance at Belle Terre Parkway. Developed by North American Properties, Inc of Cincinnati. It consists of the 80,000 SF Publix […]