Archive for the ‘Local Real Estate News’ Category

Bank Must Recover Or Sell

Tuesday, March 23rd, 2010

Key West Citizen - 03/17/2010

Federal regulators have issued a directive that Key West Bank must be merged or acquired by another financial institution because it is so severely undercapitalized, mostly as a result of mortgage defaults.

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Marina Sells For Half The Price

Tuesday, March 23rd, 2010

Key West Citizen - 02/06/2010

A local development company has sold its ownership in Conch Harbor Marina to one of its investors, who said he has no plans to redevelop the property.

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Harbor House Headed for Auction

Tuesday, March 23rd, 2010

Key West Citizen - 02/25/2010

A Wisconsin bank has foreclosed on the ill-fated Harbor House condominium development on Key West’s Caroline Street, and the property is scheduled to be sold on the courthouse steps Tuesday morning.

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