News about properties and real estate
A shady 14.3M deal? Mandarin condo buyer sues over sun block [Boston] Real estate mogul Pritam Singh agreed to spend $14.3 million, with dreams of basking in a sun-splashed penthouse atop the ultra- luxurious Mandarin Oriental Boston. But Singh contends his hopes were dashed when he discovered the Mandarin Oriental penthouse he had put under …
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A Slam-Dunk in Houston Real Estate Hakeem Olajuwon, the soft-spoken Nigerian émigré who led his team to two N.B.A. championships, has also done extremely well flipping real estate in his adopted hometown. Following an unorthodox yet disciplined strategy, he has managed to make as much in real estate in the last 10 years as he …
Are REITs beginning to run out of gas? At a time when everyone seems to be debating the downshifting in residential real estate, some other real estate vehicles have been careening down Wall Street like a bunch of Lamborghinis in overdrive. They’re called real estate investment trusts, or REITs (rhymes with “treats”), and they offer …
Learn How to Invest in Real Estate Through Your IRA Imagine you could use the money in your Roth IRA to invest in a rental house. When you sold, you’d be able to keep the proceeds without ever being taxed, and do the same thing all over again until you were stark raving rich. Well, …
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Developers rethink plans in slow market [South Florida] The music in the residential real estate market has stopped, but the players still are changing seats. Developers with unbuilt projects are weighing whether to sell, sit on or find some other use for their dirt. Rodolfo Gonzalez is an owner of three prime condo sites in …
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Sellers Struck When Prices Go Upside Down Every car dealer knows what upside down means: owing more on a car than it is worth. George Fischer of Sarasota — like many other would-be real estate sellers across Southwest Florida and the nation — is rapidly learning that the term can also apply to a home. …
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