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"Financially devastating": Receiver takes over embattled Pembroke Pines condo complex"Financially devastating": Receiver takes over embattled Pembroke Pines condo complex“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conference“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conferenceBlackstone sells huge industrial portfolio in NYC, New JerseyBlackstone sells huge industrial portfolio in NYC, New JerseyPinnacle Bank buys back Fort Worth office tower for $12 per sf Pinnacle Bank buys back Fort Worth office tower for $12 per sf 
South Florida

Famed music producer sees home foreclosed … and more

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1. Palm Beach home of Scott Storch — the music producer responsible for Paris Hilton’s album — is in foreclosure [Real Estalker, item 4]
2. Utah Jazz player Carlos Boozer puts Miami mansion on market for $6.9M [Zillow]
3. Challenges of subsidizing home costs for unemployed and renters [Finance Oven]
4. Four ways to anticipate home value depreciation [Smart Money via AOL]
5. Freddie Mac says mortgage rates are staying low, helping affordability [MarketWatch]
6. Reverse loan scam grows more popular [WSJ]
7. Mortgage rates rise slightly [USA Today]
8. Big ticket purchases rise amid climbing home sales [WSJ]