Another addition to the Florida biotech boom just received the initial OK in Palm Beach Gardens. The project will be across from Florida Atlantic University, and calls for a 20 year plan to build more than 500,000 sf of commercial and retail, as well as 300+ hotel rooms and 1.2 MILLION sf of office space.
This project will be a huge benefit to the Port St. Lucie real estate market as the sister to the Scripps biotech boom is Torrey Pines, based in Port St. Lucie
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Our Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece about how to find a Great Buy and what traps to avoid - Click Here
Monday, December 21, 2009
Friday, November 6, 2009
Children's Home Society Toy Drive Starts
Children's Home Society of Florida's Treasure Coast has launched their 2009 Toy Drive to ensure every child in its foster care and adoption program receives at least one new toy this holiday season. The Society provides toys to more than 600 abused, neglected and abandoned children in Martin, St. Lucie, Indian River and Okeechobee counties.
New unwrapped toys are being accepted, as well as sponsorships. For additional information contact:
Dee Benjamin at (772) 489-5601 x261 or email Dee.Benjamin@chsfl.org or
Sharon Lear (772) 489-5601 x245 or email Sharon.Lear@chsfl.org
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
New unwrapped toys are being accepted, as well as sponsorships. For additional information contact:
Dee Benjamin at (772) 489-5601 x261 or email Dee.Benjamin@chsfl.org or
Sharon Lear (772) 489-5601 x245 or email Sharon.Lear@chsfl.org
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
Tuesday, October 20, 2009
Aegis Adding 500 New Jobs in Port St. Lucie
Aegis Communications Group just leased 33,000 sqaure feet in St. Lucie West. Aegis is a call center handling calls for Avis, Carnival Cruise Lines and Travelocity. This new location for Aegis is across the street from Tradition field and just down the street from QVC. With more than 30 facilities in the United States, it is great to see Aegis set up shop an even larger shop in Port St. Lucie.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Saturday, October 17, 2009
Foreclosure Deals in Port St. Lucie as Florida Struggles with Foreclosure Backlog
Miami-Dade Circuit Judge Jennifer Bailey was recently quoted as saying the biggest challenge the system faces is "to keep morale up." In 2006 Miami-Dade saw 3,474 foreclosure cases. For the first six months of this year, they have handled 34,417.
That's not a misprint.The scary part is the first three months of this year, bankers were under a wink-wink order from Captain Obama to hold off on foreclosures . . . as if that would somehow help matters. It has not. In fact, Miami-Dade could see more than 50,000 foreclosures during the last six months of 2009, bringing the total close to 100,000 or almost 30 times what it was in 2006.
And this is not just Miami-Dade. The Port St. Lucie market and the Martin County market are facing similar issues.
OPPORTUNITY - Banks are so screwed up at this point, that most of them are either over pricing properties, hoping for a miracle, or they are under-pricing properties . . . leaving HUGE opportunities for first time buyers, relocating buyers, investors and flippers. If you're interested in foreclosure opportunities, call me - Mike Morgan at 888-227-5217 or email me Mike@FloridaHomes.pro I'll help steer you around the traps and into profitable and secure opportunities.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
That's not a misprint.The scary part is the first three months of this year, bankers were under a wink-wink order from Captain Obama to hold off on foreclosures . . . as if that would somehow help matters. It has not. In fact, Miami-Dade could see more than 50,000 foreclosures during the last six months of 2009, bringing the total close to 100,000 or almost 30 times what it was in 2006.
And this is not just Miami-Dade. The Port St. Lucie market and the Martin County market are facing similar issues.
OPPORTUNITY - Banks are so screwed up at this point, that most of them are either over pricing properties, hoping for a miracle, or they are under-pricing properties . . . leaving HUGE opportunities for first time buyers, relocating buyers, investors and flippers. If you're interested in foreclosure opportunities, call me - Mike Morgan at 888-227-5217 or email me Mike@FloridaHomes.pro I'll help steer you around the traps and into profitable and secure opportunities.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Thursday, October 15, 2009
Hollywood Digital Design Studio Joining Digital Group
Digital Domain, the award-winning Hollywood production studio will be a partner with Wyndcrest Holdings and Florida State University in their development of a digital design facility in Port St. Lucie at Tradition. A recent study shows that the project will create more than 6,100 jobs statewide and have a $480 million impact on the Florida economy.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Tuesday, October 6, 2009
Film School and Studio Discussing Partnership in Port St. Lucie
Florida State University's award winning film school is in discussions to partner with a Hollywood spin-off of a digital production group. Wyndcrest Holdings LLC is trying to tie up the loose ends on a deal that will create a 150,000 square foot facility within the Tradition development in Port St. Lucie.
The new Wyndcrest company would be working on animated feature films and video games. Another division of the company would be working on military projects concentrating on combat simulations.
This is another example of how much potential there is in the Tradition area of Port St. Lucie. The bio-tech industry is already started at Tradition and promises to be a very bright spot for high paying jobs and for the growth of support companies to the institute.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
The new Wyndcrest company would be working on animated feature films and video games. Another division of the company would be working on military projects concentrating on combat simulations.
This is another example of how much potential there is in the Tradition area of Port St. Lucie. The bio-tech industry is already started at Tradition and promises to be a very bright spot for high paying jobs and for the growth of support companies to the institute.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a house or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Sunday, October 4, 2009
New Homes in Port St. Lucie - TownPark at Tradition
TownPark offers 17 models in their community at Tradition in Port St. Lucie, Florida. New homes start as low as $179,900. Residents at TownPark can walk to the community's private clubhouse featuring a professionally equipped fitness center, a billiards parlor, a multi-purpose room, a teen room and a tot room with toys and games. Outside they will find a pool, tennis courts, basketball court and a water wonderland for youngsters.
When you purchase a new TownPark home using Morgan Florida Real Estate as your broker, you will receive $2,000 towards closing, upgrades or cash-back after closing. But you must register with Morgan Florida Real Estate before registering with at TownPark's sales center. This offer only applies to new homes from the developer.
Call us for additional information and to register for your $2,000 bonus. Mike Morgan at (772) 260-5448 - Morgan Florida Real Estate or email me Mike@FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
.
When you purchase a new TownPark home using Morgan Florida Real Estate as your broker, you will receive $2,000 towards closing, upgrades or cash-back after closing. But you must register with Morgan Florida Real Estate before registering with at TownPark's sales center. This offer only applies to new homes from the developer.
Call us for additional information and to register for your $2,000 bonus. Mike Morgan at (772) 260-5448 - Morgan Florida Real Estate or email me Mike@FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
.
Monday, September 21, 2009
Chinese Drywall Nightmare in Port St. Lucie Florida
The nightmare continues as the court system works its way to a settlement. The big issues will be who is going to pay and then . . . who is going to do the work.
Years ago the polybutelene pipe class action resulted in a huge class action fund that homeowners could apply to for replacement of their polybutelene pipes. There were a lot of hoops to jump through, and then there was the problem of who to do the work.
This work involved cutting holes in the walls, then cutting out the poly pipe and replacing with copper or other composite pipes. After the pipes were replaced, the walls had to be repaired. I was an executive of a large company that did the best work in the country. We were often called in to fix other contractors' mistakes.
Chinese drywall can be even worse. Now we're talking about ripping out ALL of the drywall in a home. That means all of the kitchen cabinets must come down and all of the molding, frames, etc. Basically, to do it right, you must de-contstruct the interior of a home and then put it back together. There is also the unknown danger of the remediation and disposal process. And no one knows what long term effect Chinese drywall has already placed on these homes.
Most of the big contractors are not interested in this work. There are too many risks in doing the work, and too many long term unknowns. The big question will be . . . who is going to do the work, and will insurance companies insure these homes once they are "repaired."
There is another answer. Bulldoze these homes and build new ones or just leave the lots empty until the inventory glut is eaten away. Bulldozing toxic homes is not that bad of an idea if the insurance industry, the home builders and the manufacturers are going to fund it. It would kill two birds with one stone.
The downside would be entire developments stripped to the ground. And maybe that is not such a downside in this market. I still believe the home builders have far more liability than they are accepting. They knew there were problems with these homes, but they refused to properly investigate. They were too busy building homes for flippers that are now standing empty or being foreclosed by the millions.
My advice to clients thinking about buying a home with Chinese Drywall or a home where the Chinese Drywall has been replaced . . . is to run the other way. Don't even think about it because you have no idea what the long term effects will be, and there is now a standard disclosure form for Chinese Drywall so when you go to sell the house, you may also have a problem.
My advice to clients that have homes with Chinese Drywall is to find new attorneys. You need to go back and look at what the builders new and when. Not only that, but what the builders should have known when they were seeing the corrosion that the drywall created.
I can tell you one thing. The sharks are going to clean house on this one. I look at some of the attorneys involved in these cases and just have to laugh. They're main concern is their cut and how fast they can cut themselves loose from this case. OR . . . how long they can stay on the payroll of this case as the fund disburses remediation monies. Either way, it is ugly for the consumer and rosy for the sharks and the builders that made hundreds of millions on these homes.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a home or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
Years ago the polybutelene pipe class action resulted in a huge class action fund that homeowners could apply to for replacement of their polybutelene pipes. There were a lot of hoops to jump through, and then there was the problem of who to do the work.
This work involved cutting holes in the walls, then cutting out the poly pipe and replacing with copper or other composite pipes. After the pipes were replaced, the walls had to be repaired. I was an executive of a large company that did the best work in the country. We were often called in to fix other contractors' mistakes.
Chinese drywall can be even worse. Now we're talking about ripping out ALL of the drywall in a home. That means all of the kitchen cabinets must come down and all of the molding, frames, etc. Basically, to do it right, you must de-contstruct the interior of a home and then put it back together. There is also the unknown danger of the remediation and disposal process. And no one knows what long term effect Chinese drywall has already placed on these homes.
Most of the big contractors are not interested in this work. There are too many risks in doing the work, and too many long term unknowns. The big question will be . . . who is going to do the work, and will insurance companies insure these homes once they are "repaired."
There is another answer. Bulldoze these homes and build new ones or just leave the lots empty until the inventory glut is eaten away. Bulldozing toxic homes is not that bad of an idea if the insurance industry, the home builders and the manufacturers are going to fund it. It would kill two birds with one stone.
The downside would be entire developments stripped to the ground. And maybe that is not such a downside in this market. I still believe the home builders have far more liability than they are accepting. They knew there were problems with these homes, but they refused to properly investigate. They were too busy building homes for flippers that are now standing empty or being foreclosed by the millions.
My advice to clients thinking about buying a home with Chinese Drywall or a home where the Chinese Drywall has been replaced . . . is to run the other way. Don't even think about it because you have no idea what the long term effects will be, and there is now a standard disclosure form for Chinese Drywall so when you go to sell the house, you may also have a problem.
My advice to clients that have homes with Chinese Drywall is to find new attorneys. You need to go back and look at what the builders new and when. Not only that, but what the builders should have known when they were seeing the corrosion that the drywall created.
I can tell you one thing. The sharks are going to clean house on this one. I look at some of the attorneys involved in these cases and just have to laugh. They're main concern is their cut and how fast they can cut themselves loose from this case. OR . . . how long they can stay on the payroll of this case as the fund disburses remediation monies. Either way, it is ugly for the consumer and rosy for the sharks and the builders that made hundreds of millions on these homes.
Looking for a home in Florida? - I'd welcome the opportunity to assist you with a purchase of a home or condo. For additional information please call me 772-260-5448 or visit our website FloridaHomes.PRO
Sign Up for Mike's Florida Real Estate Blog - Click Here
Great Time to Buy? - Yes, No, Maybe. I suggest you read this piece I wrote about how to find a Great Buy and what traps to avoid - Click Here
.
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