News about properties and real estate
Casinos continue to push up property prices in Eastern Connecticut As Mohegan Sun at Pocono Downs jump starts property values near the new casino in northeastern Pennsylvania, local casino leaders and real estate officials say real estate here continues to benefit from the gaming industry. Norm Krayem, proprietor of Realty Estates in Groton and president …
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Real estate brokers struggle to resurrect churches Faced with a smaller congregation, the Second Church of Christ, Scientist, in Sacramento, Calif., is up for sale. Church members hired a real estate broker in December and priced their two buildings on 15,000 square feet at $1.4 million. Two months later, Leigh Nurre faces one of the …
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Executive Suite Today’s Entrepreneur: Miami magnate gives city a makeover If you stand in just the right spot on the Brickell Avenue Bridge, it’s possible to think that every new building in this rapidly evolving city — every single glass-walled pillar of aspiration and ambition — belongs to one man: Jorge Perez. Of course, that’s …
Nicaragua, the new beachfront frontier – Los Angeles Times What second-home buyers yearn for in Central America is Costa Rica before the building boom. They want ocean views and unspoiled land, without the steep prices, crime and American fast-food chains. They want Panama before Donald Trump. Adventurous Americans, Canadians and Europeans willing to dodge livestock …
Real estate fund’s manager fleeing REITs tied to apartments Kenneth Heebner, the manager of the top-performing real estate mutual fund over the last 10 years, said the economic damage from high-risk mortgage defaults is going to get worse. “We have a trillion dollars of subprime mortgages, and we’re going to have huge defaults,” Heebner, 66, …
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Rebuilt Grand Cayman Boasts Hot Real Estate Market Looking for a new real estate opportunity? While most markets are crumbling, the island of Grand Cayman is enjoying quite a boom. The combination of a thriving financial services industry and buoyant tourism led prices 10% higher last year, according to Kim Lund, owner of ReMax Cayman …
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