Empty Nesters Find 2nd Perch in New York Once a pied-à-terre had a whiff of rarefied wealth, suggestive of an apartment kept by a well-traveled European baron, a Hollywood star or even a Greenwich, Conn., mogul who might use it to stash such amenities as a mistress. But while second homes have always represented a …
Category Archives: Breaking News
Metcalf tower in Orlando is for sale [Central Florida]
Metcalf tower in Orlando is for sale [Central Florida] One of downtown Orlando’s earliest “skyscrapers” — the 10-story Metcalf Building — is on the sales block for $12 million. The owners are developer Cameron Kuhn and the four shareholders of the Alvarez, Sambol, Winthrop & Madson law firm, who bought the property at 100 S. …
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The boom is gone: Home sales fall 36% in Broward [South Florida]
The boom is gone: Home sales fall 36% in Broward [South Florida] South Florida’s five-year housing boom is over. Prospective home buyers are finding prices falling to more affordable levels. Sellers are waiting impatiently as their houses sit on the market for weeks and months, only to receive tepid interest before reducing their asking prices. …
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Developers throw in extras to seal condo deals
Developers throw in extras to seal condo deals With a wave of new condominium units now available in Greater Boston, real estate developers are offering incentives to boost sales and move hard-to-market units. Developers are often willing to pay closing costs, forgive monthly maintenance fees for a year, or throw in amenities such as free …
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A New Look and Higher Expectations for a 70’s-Style Building in Midtown
A New Look and Higher Expectations for a 70’s-Style Building in Midtown For more than three decades, a 41-story telephone company building adorned with vertical white marble stripes has stood opposite the western edge of Bryant Park. If all goes well next year, that structure, most recently known as the Verizon Building, will more or …
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Tax traps await homeowners, landlords
Tax traps await homeowners, landlords Tax time provides an opportunity to cash in many of the rewards of dabbling in last year’s red-hot real estate market — but there are numerous tax traps if you sold a home, refinanced your mortgage or bought an investment property in 2005. Although the rules are too twisted to …