The Real Deal Miami

Insurance commissioner subpoenas State Farm, new home sales hit lowest level on record … and more

January 29, 2009 05:53PM

1. Industrial building leased in Deerfield Beach [dBusinessNews]
2. South Florida properties sell for 43 percent less in 2008 [Condo Vultures]
3. South Beach robotic parking garage to have commercial space, a restaurant [Miami Sun Post]
4. Insurance commissioner subpoenas State Farm following pullout [SFBJ]
5. New Marlins stadium sweetens county pot, agreement includes escape clauses [Miami Today] and [Miami Today]
6. Construction outline dim for 2009 [SFBJ]
7. New home sales fall to lowest level on record [Bloomberg] and [WSJ]
8. Starwood owner seeks to create new hotel management company; Starwood expects to cut dividends [Bloomberg] and [Bloomberg]
9. Wells Fargo increases loans by $9.7B in fourth quarter [Bloomberg]
10. Fed buys mortgage bonds [Bloomberg] and [WSJ]
11. Stimulus bill could help housing market [Inman]
12. Mortgage applications down, rates holding steady [Inman] and [Inman]