Penthouse at Continuum South Beach sells for over $15M below asking price, April jobless rates fall

1. Penthouse at Continuum South Beach sells for over $15M below original asking price [South Beach Condos Blog]
2. Hotel slump continued in Broward, Palm Beach counties in April, according to data released today [Sun-Sentinel]
3. W South Beach restaurant to open August 1 [Hotel Chatter]
4. Four charged in mortgage fraud and drug scam [Mortgage Fraud Blog]
5. Homeowners use online home-trading sites [AP via Palm Beach Post]
6. Parkland Commons shopping center faces foreclosure [SFBJ]
7. Pembroke Pines Pontiac dealer fights planned shutdown [Miami Herald]
8. April jobless rates fall in Palm Beach County and statewide [Palm Beach Post]
9. Orlando home sales rising [Realty Times]
10. BankUnited files for Chapter 11 bankruptcy protection [SFBJ]
11. Federal property insurance measures ready for debate [Sun-Sentinel]
12. First-time homebuyer program presents opportunities for abuse [The Washington Independent]
13. American Institute of Architects’ Billing Index falls [Mediabistro]
14. Now may be the time to invest in multi-family housing [Seeking Alpha]
15. Foreclosures hold up economic revival efforts [MSNBC]
16. If facing mortgage problems, it’s best to get professional help, editorial says [Post]
17. Brokerages report losses, looking for distressed assets [National Real Estate Investor]
18. Law protects renters from foreclosure evictions [AP via MSNBC]
19. Are banks keeping foreclosed homes off the market? [BusinessWeek]