News about properties and real estate
Harlem Staging Its Latest Renaissance “Harlem has finally been recognized as being in Manhattan,” the chairman of global brokerage at CB Richard Ellis, Stephen Siegel, said. “It is a wonderful land for opportunity from a location, transportation, and developable site perspective.” “Harlem has arrived. Almost every storefront is full, crime is way down, and the …
Continue reading “Harlem Staging Its Latest Renaissance – September 14, 2006 – The New York Sun”
Palm Beach County property values make waves [South Florida] Lee Berman of Palm Beach Gardens watched the value of his 87-slip Hypoluxo marina increase from $28.4 million to $44 million over the past year. His property taxes soared with it, rising by more than $550,000, while his business income remained the same. “I do see …
Continue reading “Palm Beach County property values make waves [South Florida]”
The Berserkonomics of One Rent-Stabilized Apartment Building [New York City] For decades, New York has owed a key part of its allure—its unwillingness to honor class divisions with geographic ones—to rent stabilization. Under the system, which governs rents for a million apartments in the city, wildly different tax brackets can be found sharing walls, watts, …
Continue reading “The Berserkonomics of One Rent-Stabilized Apartment Building”
Florida’s oversupply of condo-hotels could spell big trouble Florida leads the nation in the number of condominium-hotel rooms in the pipeline, but analysts fear an oversupply could prove troubling for developers and consumers. The Sunshine State has more than 31,500 condo-hotel rooms under development, according to Smith Travel Research of Hendersonville, Tenn. Nevada is second …
Continue reading “Florida’s oversupply of condo-hotels could spell big trouble”
The housing boom is over, but creative investors still make profits Vicky Kaye is accustomed to making a double-digit annual return in the real estate market. And unlike many other area real estate investors, she’s still doing so. “I do about two or three deals a year,” said Kaye, a licensed massage therapist who lives …
Continue reading “The housing boom is over, but creative investors still make profits”
Riviera’s titanic waterfront revamp faces sinking feeling [South Florida] For Bob Healey, the city’s $2.4 billion waterfront redevelopment plan is like a yacht stalled at sea. The New Jersey yachtmaker should know. His company, Viking Inlet Harbor Properties, was picked a year ago this week to turn 400 acres of blight into a dazzling waterfront. …
Continue reading “Riviera’s titanic waterfront revamp faces sinking feeling [South Florida]”