Archive for the ‘current events’ Category

In the state of Florida, with Boca Raton as no exception, thousands of residents have seen their credit scores take a dive due to short sales and foreclosures. In fact, your score can be actually cut in half due to one of these real estate scenarios. It’s a scary but true fact that the Boca Raton movers want to share with you.

The first step to protecting your credit score is becoming familiar with it. Get a free copy of your credit report and thoroughly review it for any errors and things worth investigating further. And what to do if you’ve already suffered credit disasters from a short sale or foreclosure? Being rebuilding. Start small with something like a gas card or store account, pay it in full and on time and show lenders that you have responsible financial habits, even if you did have a slip with your home.

The seven largest markets in South Florida have officially sold 91 percent of the 49,000 condo units that were built in the pea of the real estate boom. 2011 comprised of 3,000 of these sales in the new condo market. The properties, which are located all throughout the region in the following areas: Miami, South Beach, Sunny Isles Beach, Hollywood/Hallandale Beach, downtown Fort Lauderdale, Boca Raton, Deerfield Beach, downtown West Palm Beach and Palm Beach, brought in an estimated $1.8 billion. All of the properties are located east of Interstate 95.

Experts have speculated that the remaining properties will be sold by the first half of 2013. The West Palm movers are also informed that a large market for selling the properties has been the international buyers anxious to scoop up South Florida property.

A Pine Lakes apartment complex (in Flagler County) has been purchased by a national apartment management company. The property, which consists of 11 two-story buildings and dates back to 2005, sits on 40 acres in the west-central part of town.

On the agenda of the new owners? Upgrades. Wood vinyl flooding will be added to first-floor units, and plumbing fixtures will be stripped and updated across the board. Exterior painting and landscaping will also see improvements. Currently, Pine Lakes is 96% occupied. Unlike homes, apartments have retained value throughout the economy failure, as more people saw renting as a realistic and viable living option. The West Palm movers will keep you in tune of developments happening at the apartment complex in the coming months.

The Palm Beach Mall, which was purchased by a developer in 2011, has met its fate: the mall is to be demolished this year to make way for a luxury retail outlet destination. The state of the current mall is less than optimal, with many of the existing stores boarded up as many patrons head to the newer mall in the area, The Gardens Mall.

The proposed Palm Beach Fashion Outlets are poised to open by 2013. The cost? Well over $100 million with all things considered. While the West Palm Beach movers hate to see structures go in to foreclosure and subsequently get demolished, there is certainly potential for a luxury outlet to do well in the Palm Beach area. We’ll keep you posted with the updates!

Boca Raton has something uniquely different from the other cities in Palm Beach and Broward County–there’s currently no waterfront dining! In fact, the last time Boca Raton had a waterfront restaurant was in 2005. Currently, patrons looking to dine on the water near Boca are sent to nearby Delray Beach.

But all that is set to change, if a certain Boca Raton developer has their way. Gene Folden has recently convinced the Boca City Council to approve the addition of a Intracoastal-front restaurant. A restaurant is an ideal way to lure patrons, both old & new, to the area to spend more time and therefore generate more for the local economy.

The details haven’t really been determined yet, however, the Boca Raton movers will be sure to keep you up-to-date!

200 East has had quite the boom in terms of West Boca residents looking to live in a more central and also luxurious location. This is great news for the 200 East developers, who say the building is easily on its way to full occupancy.

The appeal of a place like 200 East is that it offers the luxury of an upscale Boca residence, but without the golf course maintenance, the drive to downtown, and other fees or expenses that Palm Beach County residents are privy to paying. Here at the Boca Raton movers, we think the property is a great addition to the Boca area, and it’s injected new life and a new demographic in to Boca.

The buyer-only complex still has a few units left–if interested, check out the inventory at http://www.200eastbocaraton.com.

Lynn University is undergoing a facelift in preparation for the national exposure it will receive in October, when the final presidential debate takes place for the 2012 US Presidential campaign.

The main entrance will get renovation work, and the road will be widened in expectancy of increased traffic flow. A second entrance will receive work, and the nature preserve will be relocated to the west end of campus.

Funding for the upgrades comes from fast-food & fuel company Sheetz Corp.’s owner Robert Sheetz, who is a retired Boca Raton local. The Boca Raton movers will be keeping you informed with any updates or additional upgrades that Lynn stands to undergo.

It’s no secret that the real estate market has had a tough time in recent years. For Palm Beach County, the demand is there and the supply is not–a clear sign that the real estate market is on the road to recovery. This is fabulous news for your Boca Raton movers here–we want to see the economy pick itself back up here in Boca and beyond. Low supply equals tighter prices, so the local housing market shouldn’t drop in coming months.

While there is no guarantee, your professional movers are hopeful that 2012 is the beginning of the end of the tunnel for real estate troubles. Keep your fingers crossed.

Wishing you and yours a fabulous New Year!

The Heritage Luxury Apartments located on Palmetto Park Road in Boca Raton have been purchased by means of an all-cash purchase ringing in at just under $68 million. That breaks down to about $274,000 per apartment.

The complex has a prime location–one mile from the Atlantic Ocean and close in proximity to Mizner Park and Town Center Mall. At the time of sale, the complex was at 92% occupancy.

Here at the Boca Raton movers, we feel the Heritage is a beautiful complex for young professionals, families, and baby boomers alike.

The West Palm movers have learned that a proposed luxury condo development has been scrapped indefinitely, a decision made the day before a meeting was set for the city commission earlier this week. The project was expecting approval, as commissioners had expressed disinterest in the opulent development and how misplaced it would be in the historical area of town. The high end development project was to be located at 4400 North Flagler.

The plan was to undergo revisions, cutting down unit quantity and adding amenities–all among requests that would devalue the property in the eyes of the builder. The inability to reach an agreement on what had to change fueled the decision to end development permanently.