News about properties and real estate
Appraiser’s role offers unique view of market How has the steady stream of news reports about home values and inventories impacted the real estate market? I believe they have had a significant impact on non-real estate professionals. These folks have been caught up in the hype about “skyrocketing” values. As the news comes out, people …
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Real Estate Deals Pay Off for Insiders In one case, a charity sold property earmarked for low-income housing to a group with which it had ties. The land was then flipped for a $1.1-million gain. The insider deal is one example of how leaders of the UFW and the groups they call the Farm Worker …
Developer reveals plan to buy Briny Breezes Ocean Land Investments of Boca Raton is the mysterious developer that has offered to pay $500 million for the entire town of Briny Breezes, a quaint mobile home park in southern Palm Beach County, company officials said Monday. The unprecedented offer would make the park’s 488 mobile home …
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$40 Million Buys Ex-Cabby His Own Corner of 5th Avenue A former cabdriver who struck it rich in Russian oil and went on to invest in Manhattan real estate has signed a contract to buy a Fifth Avenue mansion for $40 million. The price for the 1901 Beaux-Arts confection on the corner of 82nd Street …
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Love don’t live here — Newsday.com Courtney Love lost the Olympia, Wash., historic bungalowshe bought in the late 1990s to a Los Angeles mortgage company after a foreclosure auction generated no bids. WMC Mortgage filed a lawsuit last year in Thurston County Superior Court, seeking foreclosure after Love stopped paying the bills. The debt on …
Adopting orphans in real estate David Lichtenstein calls them the “orphans” of the real estate world. These unloved properties, hurt by problems real or imagined, are risks that many developers avoid. Yet for Lichtenstein, adopting orphans and leading turnarounds are his specialties. In late 2003, Prime Retail’s stock had plunged 99 percent as investors worried …