Cut mortgage tax deductions, Romney suggests

October 03, 2012 03:00PM

Gov. Mitt Romney

Republican presidential nominee Mitt Romney suggested cutting the mortgage interest tax deductions yesterday, on the eve of the first debate between Romney and President Barack Obama.

The suggested cut is part of his plan to cut taxes across the board by 20 percent, but Romney, the former governor of Massachusetts, and running mate Paul Ryan have shied away from giving details on which deductions they would eliminate in order to cut taxes so significantly.

Speaking to Denver TV station DKVR, Romney said, “As an option you could say everybody’s going to get up to a $17,000 deduction. And you could use your charitable deduction, your home mortgage deduction, or others — your health care deduction, and you can fill that bucket, if you will, that $17,000 bucket that way. And higher income people might have a lower number.”

Romney also suggested cutting the healthcare tax deduction. Newsday —

Today’s priciest new listing

October 03, 2012 05:15PM

4020 South Ocean Boulevard

Today’s priciest new listing is a six-bedroom, five-bathroom, 7,000-square-foot single-family home that is asking $10.5 million, according to Condo Vultures. The waterfront house, which is located at 4020 South Ocean Boulevard in Manalapan, occupies 2.38 acres and features 80 feet of deep water dock and 165 feet of beach front. Jeff King of Hampton Real Estate Group has the listing. (Condo Vultures data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale, and West Palm Beach, as well as Monroe County that are newly listed. Listings are taken from the South Florida MLS.) 

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Brickell riverfront parcel listed for $4 million

October 04, 2012 09:45AM

The Brickell parcel

Following the listing of one of South Florida’s last vacant bayfront parcels yesterday, Fortune International Realty has announced the listing of a 14,710-square-foot parcel on the Miami River in Brickell. The property, which is being listed for $4 million, is approximately two blocks from the new Brickell CitiCentre project by Hong Kong-based developer Swire. Fortune’s Fabio Faerman, broker associate, has the listing. 

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Matthew Modine’s latest film: a Halstead video

October 01, 2012 09:45AM

You won’t see Matthew Modine’s latest film in theaters; instead, it’s on Halstead’s website. The brokerage has produced a new web video (see above) to promote Modine’s Chelsea apartment, which is on the market for $2.29 million. The listing came online yesterday, according to Streeteasy.com.

Modine, known for his roles in “Full Metal Jacket” and more recently in “The Dark Knight Rises,” narrates a portion of the video — telling viewers about the features of his apartment at Loft 25 at 420 West 25th Street. He describes the home’s 17-foot ceilings, its Nordic Ash hardwood floors and its private outdoor space.

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Opening date pushed back at planned CityPlace bowling alley

October 01, 2012 12:45PM

CityPlace

West Palm Beach’s CityPlace will soon be home to a Revolutions Bowling Bar & Grille, but not as soon as initially thought, the Palm Beach Post reported. The planned bowling alley, which had been set to open this month, has pushed back its opening date to January, according to the company. “We took a step back and made some interior changes,” said Revolutions’ Bruce Frank. Related, which owns CityPlace, has received the amended plans, Frank said, and they will soon be sent to the city of West Palm Beach.

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Yolo, Tarpon Bend owners plan eatery at Hilton Fort Lauderdale Beach

October 01, 2012 01:30PM

Hilton Fort Lauderdale Beach Resort

The developers of the Yolo and Tarpon Bend eateries in South Florida are planning a new restaurant at the Hilton Fort Lauderdale Beach Resort, the Broward Palm Beach New Times reported. The Restaurant People, as the company is known, is planning to debut S3 at the end of 2012. “As of right now, the beach is either high-end or really casual,” said the Restaurant Group’s Tim Petrillo. “There’s really no in-between. We’re trying to fill that gap.

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South Florida foreclosures up 34 percent from last year

October 01, 2012 03:45PM

There were 4,268 foreclosures filed in South Florida in September this year, according to Condo Vultures, a 34.2 percent increase from the same month a year ago. Slightly more than one third of the foreclosures, or 1,681 of them, came in Miami-Dade County — Broward County has traditionally lead South Florida in foreclosure filings. Broward County came in second with 1,641 foreclosures, compared to 1,100 in September 2011. Palm Beach County ranked third with 946, an increase in contrast to  the 886 filings it saw in the same month the previous year.

Overall, 35,646 foreclosures were filed in South Florida through the end of September, a 50.6 percent increase from the same period a year ago. Broward accounts for 43 percent of all those foreclosure, while Palm Beach and Miami-Dade counties split the remaining foreclosures at 24.6 and 32.2 percent, respectively. — Christopher Cameron

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