Credit Scoring

Credit Score- a mathematical model, can make you or brake you. It is a lenders table of measure and should be your main concern if you care about  your money. The score can determine the fees, interest rates and terms you will be offered, or not.
Remember the following:
35% The Way You Pay
Your credit history is [...]

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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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Commmercial News

First qtr. commercial real estate index rises again, but decelerating
by Bend Weekly News Sources
http://www.bendweekly.com/Real-Estate/6297.html
Oh no! Not the commercial market too.
*Note- The commercial market is very strong in Coral Gables and is not showing any kind of let down at this time. See related post.

For professional advise on all aspects of buying or selling [...]

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Commercial Property trading in the Gables

Morgan Stanley Real Estate is buying out Crescent Real Estate Equities Co. for 6.5 Billion and said it expects to close by the end of the third quarter. Crescent owns prime real estate in Downtown Gables. http://southflorida.bizjournals.com/southflorida/stories/2007/05/21/daily19.html?jst=b_ln_hl

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Escrow

A client asked me about escrow as I was writing up the offer to purchase.
These are the basic facts you should know about escrow.
Escrow instructions should specify in writing how and under what conditions monies will be disbursed, especially if the transaction doesn’t close.
Escrow is a fiduciary relationship but is limited to the [...]

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Bacardi finds a new home.

Bacardi’s headquarters at 2100 Biscayne Blvd. has been a landmark in Miami for four decades, but the company is relocating to Coral Gables.
Click the link:
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070508005488&newsLang=en
For professional advise on all aspects of buying or selling real estate, please contact me at-786-287-9272 -email:Richard@RichardRecuset.com

The Recuset Group. Richard Recuset-Multi-Million Dollar Producer

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Credit Score and More

 
This is an issue that comes to light more and more due to the housing crunch. Needless to say, keeping your credit score in tact is crucial if you want to take advantage of low rate offerings in just about anything that you need to finance for.
A credit score is a number generated by a mathematical [...]

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Douglas Entrance Exchanges hands

The closing sale of the Douglas Entrance Blgd., a 461,537-square-foot Class A office development in Coral Gables, Florida has taken place.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070327006270&newsLang=en
Seller: Colonnade Properties LLC
Buyer: Transwestern Investment Company, L.L.C. purchased the property on behalf of its discretionary equity fund, ASLAN REALTY PARTNERS III, L.L.C.
The park-style development includes four properties: North Tower/Executive Tower, South Tower, La Puerta [...]

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Check the insurer

The Florida Department of Financial Services’ (FDFS) Division of Agent and Agency Services, Bureau of Investigation, investigates property insurance violations by Florida insurance agents, as well as health, life, auto, workers’ compensation, bail bond and title insurance. “Consumers trust insurance agents to ensure they receive adequate coverage and the services they pay for,” says Florida [...]

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Coral Gables Commercial Sale

OFFICE BUILDING SOLD FOR $2.5M
Location: 4225 Ponce de Leon Blvd.
Seller: Sandiaz Investment, represented by Ana M. Santisteban, president.
Buyer: 4225 Properties, represented by Ruby Bacardi, sole manager.
Price: $2.5 million or $1,006.04 per square foot, based on 2,485 square feet of building area, or $500 per square foot, based on 5,000 square feet of total land area.
Total [...]

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