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South Florida

Condo foreclosure reform efforts stall in legislature, South Florida personal bankruptcies increase … and more

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1. Condo foreclosure reform efforts stall in legislature [Miami Herald]
2. Number of Palm Beach County housing starts falling [Palm Beach Post] and [Sun-Sentinel]
3. U.S. Century Bank seeks foreclosure on Miami site, bad loans lower bank’s profits [SFBJ] and [SFBJ]
4. BankUnited sale or merger deadline extended [Miami Herald]
5. South Florida personal bankruptcies increase [Sun-Sentinel]
6. First-time home buyers, part-time residents could get tax break [Palm Beach Post]
7. Filene’s files for Chapter 11, but Aventura store survives [SFBJ]
8. New stores boost Publix sales in first quarter [GlobeSt]
9. Property managers becoming increasingly popular [Florida Today]
10. Brookfield Properties reports slight improvement during the first quarter [Forbes]
11. Despite downturn, some retirees relying on real estate for income [Statesman]
12. Until Lehman Brothers collapsed, the former head of its global real estate group was considered the most brilliant real estate financier on Wall Street [NYT]
13. A profile of Fortress Investment Group, which loaned Harry Macklowe $1.3 billion to buy seven Manhattan office towers [Reuters]
14. Mortgage refinancing increases everywhere except New York [NYT]
15. Homebuilder D.R. Horton reports eighth quarterly loss [Bloomberg]
16. Mortgage bonds may drop [Bloomberg]