While some multi-family developments are currently under construction in San Diego County, the amount of condominium projects that will begin during the remainder of this year will be minimal, as a significant number of previously proposed condo projects have been delayed, offered for sale by the developer or become bank-owned.
“None of the permits that [...]
Keith Nowalk has had two houses on the market in Plum for a few years.
One house originally was listed at just under $500,000 and the other is listed close to $65,000. He can’t seem to sell either house. He’s cut the more expensive price by $150,000 over the last three years and moved a [...]
So far this year, the developer of the oceanfront Costa Verano condos has reported a 17 percent national default, referring to buyers who walked away from their contracts and their six-figure deposits.
But that wasn’t the case for the Costa Verano at 1031 First St. S. and defaults have been few with new condos in Jacksonville [...]
What started out as litigation here is now legislation in Trenton that will limit but also legalize a standard practice of charging an upfront fee to condominium buyers.
The bill, which has passed both chambers of the Legislature and is now on the governor’s desk, will allow condominium associations, only through their master deed or bylaws, [...]
The national and the local apartment vacancy rates, far apart in recent years, are much closer now.
Reis, Inc. (AMEX: WRP) a New York-based research firm, said the nation’s average apartment vacancy was 5.8 percent as of the end of the second quarter, down from 6 percent during the first three months of 2007 –reportedly the [...]
Life Insurance Corporation of India is reducing its exposure to real estate stocks, taking a cue from the banking regulator, the Reserve Bank of India (RBI), which has warned of an asset bubble building up in the sector.
�We have taken a conscious decision to go slow on the real estate industry as we think at [...]
ATHINA TSAKIRAKIS, English-speaking lawyer, experienced in property / construction / taxation / inheritance / wills / family law. Tel./Fax (+30)210.93.19.411, e-mail atslaw@internet.gr. (HT490)
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Starwood Capital Group today announced that the recently launched “1†Hotel and Residences, the world’s first luxury, eco-friendly global hotel brand, will open New York City’s first five-star green hotel on West 40th Street in Manhattan, across from Bryant Park. The “1†Hotel and Residences will be part of a proposed 31-story mixed-use green tower [...]
Krzysztof Karbowski bought a two-bedroom, two bath condo at 3010 N. Sheffield for $522,000 from Karolina Nawrocki on April 20.
Nawrocki bought Unit #2S for $495,000 in Dec. 2006.
Karbowski is a developer in Chicago and runs MCM Realty, which specializes in developments in the Bucktown/Wicker Park/Ukrainian Village neighborhoods. He owns a handful of properties in the [...]
The U.S. Department of Housing and Urban Development has sued two real-estate brokerages, accusing them of receiving kickbacks for steering home sellers to a provider of hazard reports.
The suit, filed on Wednesday in the central district of California, seeks to recover “illegitimate profits” generated by “sham” joint ventures formerly operated by Realogy Corp., Prudential California [...]
Donald Trump will be in town Thursday to mark completion of the hotel portion, up to the 29th floor, of the 92-story, $850 million Trump International Hotel & Tower overlooking the Chicago River.
The hotel is scheduled to open in December.
Trump will also be trying to generate sales of residential units in the building. Usually, [...]
Chamberlain & McCreery of Cordova, TN, purchased vacant land at 71 Belvedere in Memphis and is in the process of closing on the Ashley Manor apartments from Steve Woodyard with Woodyard Realty Corp. of Memphis.
The 6,000-square-foot, 16-unit apartment building on .82 acres was built in 1920 and is in the Midtown submarket. Old Zinnie’s, which [...]
