Cranewoods featured in Engineering News Record (ENR)

in Cincinnati Real Estate Development, Construction Management, Florida Real Estate, Jacksonville Real Estate, Real Estate Consulting, Real Estate Debt Workout, Real Estate Development, Real Estate Loans, Real Estate Market News, Real Estate Receiver

In the November 3rd 2010 edition of the Engineering News Record (ENR), Andrew Howe of Cranewoods Development is spotlighted in an article called “Consensus Is Reached: Nowhere To Go but Up” for his take on how real estate developers have dealt with the economic crisis and how they see a way forward in an environment of tighter credit and slower growth.

ENR is the leading news magazine for engineers in the construction industry in America and they rightly point out, “For developers able to roll with the recession’s punches, some new activity in markets this fall has owners and lenders finally mustering some optimism and cautiously returning to the fray.”

The article points out that Cranewoods rolled with the punches by realizing their expertise in construction and real estate development financing was needed by troubled investors, lenders and borrowers. Cranewoods began consulting long before the world’s economic troubles but their unique knowledge was in greater demand when so many projects and loans had to adjust to the changing economic conditions.

Read more →


Florida Developer Announces Sellout of Award Winning Jacksonville Historic District Loft Project

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

Florida real estate Developer Cranewoods Development announced that the remaining lofts in its award winning Riverside Historic District loft project in Jacksonville, The Chelse Lofts, were sold to a South Floida investment group. The Chelsea has won awards for historically compatable construction and design.

Jacksonville, FL (PRWEB) March 25, 2010 — Florida real estate developer Cranewoods Development announced the sellout of their award winning loft project, The Chelsea, in the Riverside Historic District of Jacksonville Florida.

The Chelsea was the first of its kind in the area, combining classic exterior architecture with cutting edge contemporary interiors. Located in a highly walkable neighborhood, with cutting edge urban loft details like wide open spaces, stained concrete floors, quartz countertops in contemporary kitchens and artistic details like glazed tile entry walls; The Chelsea Lofts only reveal themselves when inside the classic turn of the century Florida styled exterior. The project was the recipient of four design and construction awards including recognition for the best architecturally compatible new construction by the Jacksonville Historical Society.

“We felt the Jacksonville market really wanted an ultra contemporary urban loft option, and Riverside, with its convenience and walkability, was the perfect location,” said Andrew Howe of Cranewoods. “To sell out the lofts in these tough economic times, shows we were right.” Read more →


The Tax Loss Carry Back and what it means to Real Estate Investors and Buyers

in Cincinnati Real Estate Development, Florida Real Estate Development, Jacksonville Real Estate, Real Estate Debt Workout, Real Estate Market News, Real Estate Taxes

The Tax Loss Carry Back attached to the Unemployment Benefits Bill recently passed by congress and signed by the president has gotten little press but it may have great impact. First off, it will have the intended influence on stabilizing the Commercial Real Estate (CRE) market by helping potentially tens of thousands of mid level businesses – hit hard with the large drop in consumer spending over the last two years – by giving them much needed funds to stay in business and in their current leased or owned locations. Secondly, it will effect developers and builders, who fall into the previous categories, by giving them the funds necessary to survive and begin building again.

“According to National Association of Home Builders President Jerry Howard, “This injection of capital will enable a lot of our members, a significant number of small and medium sized builders that have been hanging on by their fingernails, to keep their doors open, and hopefully with this increased stimulus and demand from the tax credit, to be able to get back on their feet and get the country moving forward again.”” Source.

What does that mean for Real Estate buyers and investors? Morning Star gives a hint:

“Many builders are flush with cash and have already cleaned out their inventory of “C” and “D” locations. Most builders aren’t going to let loose of their precious “A” and “B” locations at a time when several in the industry have moved back into land acquisition mode and quality land is actually scarce in several markets. With survival not in question for the vast majority of public builders, many will opt to keep their land rather than sell it at fire-sale prices for tax purposes.”

The extremely low prices currently being seen in Real Estate won’t last long when new units are being designed to deal with with the growing pent up demand and the new demand created by the extension of the first-time home buyers credit and the added home-owners credit also recently passed by congress and signed by President Obama.


Short Sale Pricing on Six St. Augustine Florida Waterfront Lots Pending Bank Foreclosure Announced By Cranewoods Realty

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

 6 pristine St Augustine Florida waterfront lots zoned multi-family are now available at short sale pricing dramatically below the outstanding bank loan. Working with the lender and developer, Cranewoods Realty has now listed these AAA located parcels at less than 25% of the actual cash invested in the lots due to a pending bank foreclosure. These are prime Florida waterfront lots with dramatic St Augustine Inlet views and within walking distance to the historic district.

St Augustine, FL (PRWEB) May 28, 2009 — Drastically reduced St. Augustine Florida Waterfront Lots are now available from Florida real estate developer  Cranewoods Development. The new Short Sale Pricing of $1.1 million for all six lots is $3.4 million less than the actual cash invested in the real estate due to a Pending Foreclosure. 

Permits, engineering and approvals are in place for this Florida development property, located in the private Davis Shores community and within walking distance to scenic Old St. Augustine, restaurants, deep-water marinas, shopping and more. This unique site offers fantastic long-range views of the Atlantic Ocean and is surrounded by the waters of Salt Run, the Matanzas River and St. Augustine Inlet. 

“This is a rare opportunity to gain entry into the St Augustine Florida waterfront market at a rock bottom price,” said Cranewoods Realty’s Kristin Fanning. “This property is particularly unusual because of the number of exit strategies it has without the need for rezoning. The lots can be sold off individually, or used as they are assembled”. The lots are zoned multi-family, which gives them an additional height allowance allowing three stories. Options for the property include single family homesites, duplex sites, townhome and condominium developments.  Read more →


Cranewoods Realty Announces Bank-Owned Ocean View Condos in Jacksonville Beach Released at Deep Discounts to Previous List Prices

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases, Real Estate Development, Real Estate Market News

Andrew Howe, president of Cranewoods Development announces the availability of bank owned condominiums in Jacksonville Beach, Florida. Bank Owned Condos offer great values for those looking for Florida Real Estate. Serena Point in Jacksovnille Beach, Florida offers ocean view condos that are now released below appraised values. These newly released Bank Owned Ocean View Condos are selling at more than a 20% discount to the original Sales Prices.

Jacksonville Beach, FL (PRWEB) May 26, 2009 — Discounts of nearly 20 percent from original sales prices are now available on newly released bank owned condominiums. Jacksonville Beach Florida real estate developer Cranewoods Realty announced the new pricing in tandem with its release of five of the new North Florida ocean view condos in Jacksonville Beach. The recently announced prices are below February 2008 appraised values. 

Located near the oceanfront at the northern end of Jacksonville Beach near the Neptune Beach city limit, Serena Point includes just 17 residences in a seven-story, architecturally distinctive community. Residents enjoy direct beach access and ocean views from every window. Serena Point amenities include a fitness center, gracious two-story lobby, garage parking under the building, bike storage room and climate-controlled storage units for each residence. Read more →


Florida Real Estate Broker Hosts Event Releasing Amelia Island Condos Below Builder Cost

in Florida Real Estate, Florida Real Estate Development, Florida Real Estate Development News, Florida Real Estate News, Jackonville Real Estate News, Jacksonville Real Estate, Press Releases

Florida Real Estate Broker Cranewoods Realty hosts special event Oct. 24 – 26 to release the existing phase of the Cape Sound condominiums, a unique Amelia Island condo project, with select units available at bank minimum pricing – below builder cost. Andrew Howe, pressident of Cranewoods Development, announced that the three day sales event starts with a Realtor preview on October 24th followed by two days open to the general public on October 25th and 26th.

Amelia Island, FL (PRWEB) October 23, 2008 — Cranewoods Realty’s announced a special event to release the latest phase of residences at Cape Sound, new Amelia Island condos. The event begins Friday, October 24, with a private preview for the Realtor community. On Saturday and Sunday, October 25 and 26, the public is invited to join the release party festivities. 

According to Suzanne Cash, on-site Realtor for Cape Sound, both the family-friendly event and the units’ low pricing are unprecedented. “This is an incredible opportunity to purchase an Amelia Island condo at close out pricing — below the builder’s cost and at bank minimums,” she said. 

In addition to the release of the latest phase of the community, which includes the property’s most desirable units on the lake, the project developer also announced that select residences in Cape Sound’s first two phases are available at new close-out prices below builder cost for buyers and investors seeking value in Amelia Island real estate.  Read more →


NASCAR Track Commemorated in Ponce Inlet with Florida Real Estate Developer’s Help

in Florida Real Estate, Florida Real Estate Development, Press Releases

Ponce Inlet recently celebrated when a marker was unveiled by the town at the South Turn of the beach race course where the first NASCAR-sanctioned race was held in 1948 — a ceremony supported by Andrew Howe, president of the Florida real estate developer Cranewoods Development.

Ponce Inlet, Fla. (PRWEB) November 29, 2007 — Andrew Howe, president of Florida real estate development company Cranewoods Development recently helped Ponce Inlet commemorate NASCAR’s untamed beach-racing era of the 1940s and its pioneering drivers when the town unveiled a historic marker at the site of the famed beach course South Turn. Drivers started their harrowing drive up Ponce Inlet beach from this spot, with the Atlantic Ocean as the right boundary and the dunes of Ponce Inlet as the left. 

Long before the days of restrictor plates and roof flaps, beach racing here was the scene of spectacular crashes, with hoods flying open mid-race and drivers blinded by salt spray and sand. The course was the scene of some of racing’s greatest images and wildest rides until the opening of The Daytona International Speedway in 1958. More than 50 years later, the South Turn is the more peaceful home to a luxury Florida oceanfront home development, which is under construction and overlooks the historic turn. Several legendary veterans of the course attended the ceremony, recounting hazards of beach racing, spectacular crashes, dodging seagulls and the colorful drivers who wrote the first chapters of NASCAR history. Read more →