Fisher Island condos sold for $7.4M, brokers taking on management services for long-distance buyers … and more

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1. Fisher Island, Miami Beach condos sold for $7.4M [Condo Vultures]
2. Planned celebration on Lantana’s East Ocean Avenue to rejuvenate businesses on historic street [Palm Beach Post]
3. Editorial: Legislators should work to fund Florida parks and open spaces [Miami Herald]
4. Jacksonville man sentenced to seven years in prison, $6.3M fine for mortgage fraud scheme [Mortgage Fraud Blog]
5. Flippers, local governments responsible for many of Florida’s foreclosure filings, analysis shows []
6. Debt, mismanagement led to Westshore Hotel foreclosure [Hotel Online]
7. Fed says low interest rates necessary as banks continue to tighten lending standards [Bloomberg]
8. Brokers taking on management services for long-distance buyers [NYT]
9. Media coverage of commercial real estate fallout picks up, starting with Business Week [Square Feet Blog]
10. Philly’s multifamily market in trouble [Philadelphia Inquirer]
11. Developers Diversified gets new top exec [Fox Business]
12. First $400M TALF CMBS to be sold by Developers Diversified [Reuters]
13. Sometimes short sales take a long time [CLTV]

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