Metal Roofs approved for 90 days only in S.Gables

Matal roofs in the city are approved only south of South Dixie Highway and only for 90 days, after which applications for such roofs would be suspended.  
The commission approved the compromise measure as a way to gage the impact of the new law without moving forward with a citywide law. The concerns are that approving for the [...]

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Market Snapshot

Secondary Market
6/15/2007 11:18:00 AM Fannie Mae (Subject to change)

Agencies

 30-Day
60-Day
90-Day

FHLMC

  6.53%
6.57%
 

Fannie Mae

  6.69%
6.71%
 

Weekly Indicies

 

 

06/08/07

06/01/07

6 Month CD

  5.35%
5.34%

1 Year T-Bill

  4.98%
4.96%

2 Year T-Note

  4.99%
4.92%

3 Year T-Note

  4.98%
4.88%

5 Year T-Note

  4.98%
4.86%

10 Year T-Note

  5.02%
4.90%

25+ Year T-Bond

  5.12%
5.02%

Monthly Indicies
 

 

Jun 
May

11th Dist. COFI

4.224%
4.299%

6 Month LIBOR

5.384% 
5.358%

1 Month LIBOR

5.321% 
5.320%

MTA Index

5.022% 
5.029%

Other
 

Prime Rate

8.250% 
  

Fed. Funds Rate

5.250%

Discount Rate

6.250% 

12 Month LIBOR

5.490%  (daily)

Don’t know what to do with your money? [...]

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Property Tax Reform Is Here Or Is It?

Florida Legislature says it has reached agreement on property tax reform
TALLAHASSEE, Fla. – June 11, 2007 – We have a deal. Senate President Ken Pruitt (R-Port St. Lucie) and House Speaker Marco Rubio (R-Miami) announced that they’ve reached an agreement to cut property taxes in Florida.
It’s a complicated, two-step formula that would offer moderate relief [...]

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Know someone this stupid?

There is a market for everyone.
 
 

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A Little History on Government Real Estate

I realize I’ve gotten off the beaten path a little. The Bridgewater condo and now this. Neither have anything to do with Coral Gables but at least it’s real estate related. The Condo is a good opportunity for those in the market for such product (on the water), and the pentagon, well, it’s fun real estate history [...]

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The Spoils of the Real Estate Market

Opportunity Time!!!
Buyers defaulted and developer wants to sell now! This building is finished and sold out.
First come, first serve.
2/2.5 on the water. Yes! on the water. Overlooks the bay and sits on the best line of the building. It has 1,413 Adj.sqft. / 1694 total.
It can be yours for under market price.
                                               Listed for  $ 520,000.
Yes, [...]

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Mortgage rates continue to rise

                                                                      Graphic Courtesy MSNBC
Up slightly from 6.37 percent last week and represented the highest point for 30-year mortgages since they averaged 6.43 the week of Sept. 14.
For professional advise on all aspects [...]

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Office Building, SOLD!

2701 Le Jeune Rd. New home of Bacardi!   
Seller: City National Bank of Florida
Buyer: CM LeJeune, LLLP, affiliated with CM LeJeune, Inc., represented by Armando Codina, director
Price: $10,565,720, or $177.09 psqft. based on 59,663 sqft of building area, or $384.98 psqft, based on 27,445 sqft. of total land area.
Financing: None reported
The four-story office building was constructed [...]

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Will Cuba be a boom or a bust for Miami?

  
Gotta luv Cuban engineering.
http://www.bbc.co.uk/spanish/meta/dps/2007/05/bb/070508_camion_16×9_bb.asx
If Miami is any indication of the will of the Cuban people and their resourcefullness, imagine what Cuba could become.  
 For one, investors will emerge out of the woodworks and flock Cuba like Piranas after it’s prey on an empty stomach. Real estate, entertainment and tourism will be in the money.
This poses the question. How will Florida and more [...]

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