News about properties and real estate
Japanese real estate stocks rally on US mortgage aid plan, rising office rents Japanese real estate stocks rose in morning trading Friday on hopes that the US government’s rescue plan for struggling homeowners will ultimately improve conditions for real estate investment in Japan. A rise in office rents in central Tokyo last month also heartened …
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Too many zeros add up to big problems in Carver County Eric Mattson was not surprised that the small vacant lot he bought last year near the shores of Lake Waconia was increasing in value. What shocked him was the $189 million market value the Carver County assessor’s office came up with for the 55- …
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Feds probe real estate deals Federal agents are investigating real estate deals involving Gov. Rod Blagojevich’s wife as part of a three-year corruption probe into allegations of favoritism and fraud within his administration. Several federal sources familiar with the inquiry confirm that agents are interested in hundreds of thousands of dollars in real estate commissions …
Best Blue-Chip Real Estate Investments While gambles on up-and-coming neighborhoods and new developments paid off for many real estate investors during the boom, housing markets across the country are now awash with unsold condos and suffering from sluggish sales. But this is not the case for homeowners in so-called “blue chip” neighborhoods. Properties in these …
Real estate industry bill introduced [New Zealand] Legislation that creates an independent real estate industry watchdog with the power to impose stiff fines and ban “land sharks” has been introduced to Parliament. Associate Justice Minister Clayton Cosgrove wants the changes in law by early next year and today’s introduction puts the bill on track for …
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Lennar unloads 8,300 residential lots [Tampa Bay Florida] Metro Development Group is getting a hold of nearly 4,000 acres of land in seven counties after completing its largest land purchase in company history. Metro, based in Tampa, is buying nearly 4,900 home sites in Pasco, Hillsborough, Polk and Sarasota counties as well as 3,400 other …