News about properties and real estate
A Real Estate Boom That Keeps on Giving [New York] Investors in commercial real estate have profited handsomely in the last two years or so as a stable economy, job growth and keen interest from pension funds and other institutions drive demand for properties or companies that hold them. In fact, investors who put their …
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Highrollers are folding in Sin City [Las Vegas] First, the Icon Las Vegas was derailed, then the Hard Rock Hotel and Casino expansion and now the Curve. What’s up with Sin City’s luxury high-rise condo market? In the last several months, at least seven marquee Las Vegas condo projects have either been canceled or put …
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Lifelong house no longer home Broker’s deal ends with couple facing eviction by new owner Carol and Anthony Calvagno said they just weren’t thinking straight three years ago when the solicitation from Southern Star Mortgage came in the mail. “I would have done anything I could possibly do to save my house,” said Carol, 52, …
Condo construction halted; lender files for bankruptcy When a Las Vegas lender plunked down money from retirees, investors and even a medical research firm’s pension fund to finance construction of a West Palm Beach high-rise condo, everyone gambled that red-hot Florida real estate was a sure thing. Low-income residents of the apartment complex moved, heavy …
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Bargains forecast When his landlord raised the rent one time too often, John Polite decided it was time to buy. But on a new minister’s salary, he would need to find a bargain. “That’s the only way I was going to get into anything,” he said. So in 2002 he did what many wanna-be homeowners …
Home today, gone tomorrow? A Supreme Court ruling giving the government more power to take private land for economic development has property owners across the state on edge and lawmakers debating ways to rein in eminent domain It was a court ruling that spread fear and anger throughout the nation — the idea that government …