News about properties and real estate
In Florida, Despair and Foreclosures Desperation has moved into this once-middle-class exurb of Fort Myers, where hammers used to pound. Its straight-ahead stare was hidden amid the chatter of 221 families waiting for free bread at Faith Lutheran Church on a recent Friday morning; and it appeared a block away a few days earlier, as …
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New York Times Tower Leaseback Plan May Disappoint The New York Times Co. may have missed its chance to cash in on its Manhattan headquarters. The media company’s plan to raise up to $225 million by selling its portion of the 52-story skyscraper and paying rent to stay there may come too late, said Dan …
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REIT Moves Rub Executives Wrong Way As if life wasn’t tough enough for chief executives of real-estate companies struggling with the recession, they are also having to cope with price swings in their stocks, which normally are relatively stable. That is making it harder for them to do deals, raise capital, attract institutional investors and …
In Hard Times, Houses of God Turn to Chapter 11 in Book of Bankruptcy The auctioneer told the small crowd huddled outside the Talbot County Courthouse that the property would be sold “as is” — rectory, bell tower, oak pews and rose-tinted stained glass windows included. “Who gives $700,000, 700, 700?” he called out. One …
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Northwest Florida gets a break on taxes | pnj.com | Pensacola News Journal Try living in New Jersey. Homeowners in Passaic County, N.J., spend more than 8 percent of their $81,684 annual median income on real-estate taxes. That gives the county 43 miles northwest of New York City the distinction of being tops in the …
Census details North Port housing excess [South Florida] Only five cities in the nation built housing at a faster rate than North Port since 2005, according to new U.S. Census data showing just how overheated the city’s housing boom was. In fact, North Port added more housing in the past eight years than in the …
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