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”
St. Joe to stop building houses [South Florida] Evidence is mounting that the downturn in Florida’s real estate market may be broader than experts had expected. St. Joe Co., the largest private landowner in Florida, is exiting the homebuilding business in the state. Giant homebuilder Lennar Corp. of Miami is reducing its third-quarter earnings estimates. …
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Boca firm trying to buy 30 properties from Sizeler [South Florida] Sizeler Property Investors Inc. is no stranger to bruising shareholder fights. Only last year, the Louisiana-based real estate investment trust with a West Palm Beach office jumped into the ring with dissidents looking for seats on its board. The new battle it faces is …
Continue reading “Boca firm trying to buy 30 properties from Sizeler [South Florida]”
Unsuspecting Internet buyers paying thousands for unbuildable lots Old-time swamp peddling has gone high-tech, thanks to Internet-auction sites such as eBay. The pitch – speculation on near-worthless Florida real estate – is decades old. But today, a new generation eyeing property for investment or retirement is buying land that’s miles from civilization, has no roads …
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Mortgage closing costs are sky-high in Florida State’s fees are behind only New York, Texas, Hawaii and Ohio. For the second year, New York has the highest mortgage-related fees in Bankrate .com’s annual closing-costs-comparison survey. New York’s high title and settlement costs lifted the state well above No. 2 Texas. The Lone Star State was …
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Hospitality’s Outlook Couldn’t Be Rosier Over the next year and a half, thousands of individuals will be visiting New York and trying to find a hotel room. They’re in for some good news: During that time we can expect close to 5,000 new rooms in New York City — about 4,000 of those will come …
Continue reading “Hospitality’s Outlook Couldn’t Be Rosier – August 31, 2006 – The New York Sun”