N.Y. Rent Laws Enabling Out-of-Town Luxury Thousands of New Yorkers, taking advantage of rent-stabilization laws designed to keep middle-class New Yorkers in the city, are using the money they are saving on rent to buy weekend or vacation homes outside New York in places such as Florida, Connecticut, and even Switzerland.
Category Archives: Regional
Vacant tower going condo
Vacant tower going condo The downtown Fort Lauderdale office building that was once home to Blockbuster Inc. and ANC Rental Corp. is going condo. The 11-story building and an adjacent restaurant, located at 200 S. Andrews Ave. and known as Museum Plaza, is under contract to be sold to North Miami Beach-based NRI Plaza LLC, …
Bay area home prices defy trend
Business: Bay area home prices defy trend Statewide and nationwide, the housing boom shows signs of winding down. But in the Tampa Bay area, prices keep climbing. The median resale price among single-family houses rose 4.9 percent locally to $225,700 last month, up from $215,200 in September. By comparison, the median – or midpoint – …
Rents in Palm Beach County climb hundreds a month due to rising insurance, property taxes
Rents in Palm Beach County climb hundreds a month due to rising insurance, property taxes: South Florida Sun-Sentinel Landlords in South Florida say skyrocketing taxes and insurance costs are forcing them to sell their units or raise rents — in some cases by several hundred dollars a month. Rental property doesn’t qualify for Florida’s Save …
Philadelphia Growing Up with a Slew of High-Rise Projects
Philadelphia Growing Up with a Slew of High-Rise Projects Until the 1987 opening of Murphy/Jahn’s 945-foot One Liberty Place, Philadelphians passionately defended an unwritten agreement limiting city building heights to below the hat topping the statue of William Penn atop City Hall. By 1991, four years after One Liberty Place opened, seven other office towers …
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Wilma drubs used-home sales
Wilma drubs used-home sales Hurricane Wilma’s late-October winds pushed existing-home sales in the Treasure Coast to a double-digit decline last month, but prices continued their strong advance, a Florida Association of Realtors report released Monday shows. With the Treasure Coast dodging Wilma’s most punishing blows, home sales in Martin and St. Lucie counties experienced less-severe …