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July 24, 2008 2:11:59 PM CDT

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Stories related to: real estate

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  • July 2008

    • Chicago Transit Explores Groceries in Train Stations

      newser  |  Chicago Tribune  |  Jul 17, 08 2:00 PM CDT

      Chicago Transit Explores Groceries in Train Stations

      The Chicago Transit Authority is looking make more money from the real estate it owns, and is investigating installing grocery stores and restaurants inside “L” (elevated train) stations, the Tribune reports—with the agency hoping to generate $100 million over the next 5 years from such commercial development. "People could get off directly inside the grocery store and go shopping without ever going outside," one official says. More »

    • Trump Sells Mansion for $100M

      newser  |  Associated Press  |  Jul 17, 08 10:08 AM CDT

      Trump Sells Mansion for $100M

      The real estate market may be slumping, but not for Donald Trump, who sold his Palm Beach mansion to a Russian fertilizer billionaire for $100 million, the AP reports. It's the most ever paid for a US estate, a spokesman claims. "In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate," the Donald told the AP. More »

      Tags

      real estate  • Donald Trump  • mansion  • Celebrity Apprentice  • Palm Beach

    • New Yorkers Bolt for Warmer, Cheaper Atlanta

      newser  |  New York Sun  |  Jul 13, 08 7:57 PM CDT

      New Yorkers Bolt for Warmer, Cheaper Atlanta

      New Yorkers are flocking to the southern climes and cheaper housing of Atlanta, but encountering a range of culture shocks, the New York Sun reports. About 40,000 yanks moved to Atlanta between 2000 and 2005, drawn partly by a booming job market, and now some wonder how to move back. "Atlanta is a second-tier city," one Big Apple expat griped. "New York is cooler and more exciting in every respect." More »

      Tags

      New York  • Georgia  • real estate  • Atlanta  • job market  • lifestyle  • South  • winter weather

    • Wall Street's Wealthy Can't Nab Apartments

      newser  |  New York Times  |  Jul 12, 08 1:50 PM CDT

      Wall Street's Wealthy Can't Nab Apartments

      Manhattan’s most rabid real estate buyers are finding that a million-dollar bonus doesn't cut it anymore, the New York Times reports. With markets in turmoil, Wall Street bankers' staggering bonuses are in jeopardy, and apartment sellers are taking note. “They’re looking for people who have stable incomes that are not so market dependent,” one mortgage company president said. More »

      Tags

      New York City  • Wall Street  • real estate  • Manhattan  • condominium  • investment bankers  • New York real estate

    • Can't Buy Me Love, but Divorce Could Cost $100K

      newser  |  Divorce360.com  |  Jul 6, 08 3:30 PM CDT

      Can't Buy Me Love, but Divorce Could Cost $100K

      In the current financial climate, getting unhitched has become all the more ruinous, Divorce360.com reports. Selling your home, hiring attorneys, shelling out for therapy, and finding temporary housing add up to a burly bottom line, with one attorney estimating that divorce "can run anywhere from $1,820 (uncontested) to hundreds of thousands of dollars." More »

      Tags

      marriage  • divorce  • real estate  • family  • lawyer  • divorce settlement  • divorce rate  • divorce attorney  • financial planning

  • June 2008

    • Retirees Scoop Up Bargains in Housing Slump

      newser  |  New York Times  |  Jun 27, 08 2:05 AM CDT

      Retirees Scoop Up Bargains in Housing Slump

      Retired Americans who can afford new bargains are enjoying the drop in housing value in once-exorbitant sun havens where prices have plunged as much as 25%. Miami, Phoenix and Las Vegas—formerly at the forefront of soaring prices—are now leading the decline, the New York Times reports. Homebuyers who waited to purchase took a risk because prices could have surged, but were rewarded with more than $100,000 in savings. More »

      Tags

      housing market  • Las Vegas  • real estate  • Miami  • Phoenix

    • Proposed Philly Mega-Skyscraper Rivals US' Best

      newser  |  Philadelphia Daily News  |  Jun 20, 08 4:15 PM CDT

      Proposed Philly Mega-Skyscraper Rivals US' Best

      Philadelphia took a step toward entering America's mega-skyscraper club today, the Daily News reports, with a city councilman introducing zoning legislation for a building that, at 1,500 feet, would eclipse Chicago's Sears Tower. Plenty of bureaucratic hurdles remain for the proposed American Commerce Center, including retooling the city's planning commission.  More »

      Tags

      real estate  • Philadelphia  • mayor  • skyscraper  • Michael Nutter  • development

    • Stealing Home: Five Signs It's Time to Lowball

      newser  |  Newsweek  |  Jun 20, 08 1:18 PM CDT

      Stealing Home: Five Signs It's Time to Lowball

      It's not always the economy, stupid. Even in a weak market, buyers should consider a homeowner's situation before hurling a lowball bid, writes Daniel McGinn in Newsweek . One real estate broker offers five sure signs that a seller is ready to deal: Nobody's home. Sellers who have moved on, or will soon, probably want to unload the property fast.   More »

      Tags

      list  • housing market  • business  • real estate  • home sales  • homeowners

    • Foreclosures Surge 48% in May

      newser  |  Associated Press  |  Jun 13, 08 9:35 AM CDT

      Foreclosures Surge 48% in May

      The number of US homeowners swept up in the housing crisis rose further last month, with foreclosure filings up 48% over a year earlier. Nationwide, 261,255 homes received at least one foreclosure-related filing in May, up 7%  from April and the second straight monthly record. That's one in every 483 US households, the highest number since the foreclosure listing company started the report in 2005. More »

      Tags

      foreclosure  • real estate  • housing  • subprime mortgage crisis

    • Spitzer Moves On to Dad's Real Estate Firm

      newser  |  New York Sun  |  Jun 10, 08 4:41 PM CDT

      Spitzer Moves On to Dad's Real Estate Firm

      Having laid low for two months after exiting in disgrace from the New York governorship, Eliot Spitzer is back in business. He’s recently been shopping a plan to start a vulture fund that would flip distressed real estate assets, the New York Sun reports. Spitzer gathered labor union officials in his dad's Manhattan real estate office, presenting a decidedly more nonchalant view of his indiscretions than he did in his farewell speech.  More »

      Tags

      Eliot Spitzer  • real estate  • labor unions

  • May 2008

    • Best Place to Live? Charlotte

      newser  |  MarketWatch  |  May 15, 08 2:06 PM CDT

      Best Place to Live? Charlotte

      Charlotte is the best place to live in America, thanks to an affordable array of housing options and a healthy economy, says Relocate.com’s annual list. MarketWatch runs down the rest of the list: San Antonio, Texas Chattanooga, Tenn. Greenville, SC Tulsa, Okla. More »

      Tags

      real estate  • Seattle  • Tulsa  • places to live  • US cities  • Charlotte

  • April 2008

    • March Foreclosures Up 57% Over Last Year; Worst Coming

      newser  |  Reuters  |  Apr 15, 08 6:55 AM CDT

      March Foreclosures Up 57% Over Last Year; Worst Coming

      Bank repossessions skyrocketed 129% over the 12-month period ending in March, and foreclosure filings rose 57% over the previous year, RealtyTrac announced today. March foreclosure notices rose 5%, after a 4% decline in February. All this “is ongoing fallout from people overextending themselves and using highly toxic loan products,” said a RealtyTrac VP. And it hasn't peaked yet. More »

      Tags

      housing crisis  • subprime crisis  • economy  • foreclosure  • real estate  • auction  • economic indicators

    • Recession Zings Top Law Firms

      newser  |  Wall Street Journal  |  Apr 14, 08 3:10 AM CDT

      Recession Zings Top Law Firms

      The recession has begun to nip at the heels of New York's big law firms, reports the Wall Street Journal. S ome firms are beginning to lay off associates, rescind offers to those coming out of law school, and scale back summer associate programs. It's all due to a slowdown in work relating to mortgages, real estate transactions, mergers, and private equity deals. More »

      Tags

      recession  • economy  • mortgage  • real estate  • mergers

    • Slump Stings Vegas McMansion Owners

      newser  |  Los Angeles Times  |  Apr 8, 08 2:13 PM CDT

      Slump Stings Vegas McMansion Owners

      The housing crisis has caused the number of homes for sale across the country to grow, but in Las Vegas, brokers are dealing with an unusual aspect of swelling inventory—an excess of $1 million-plus listings. Although they're luxury properties with pools and excesses of polished marble, those constructed more than a few years ago are tough to sell because they're considered outdated. The LA Times goes house-hunting. More »

      Tags

      housing market  • housing crisis  • Las Vegas  • real estate  • Nevada  • inventory growth  • luxury homes

    • Condo-Hotel Bubble Pops, Splatters Many

      newser  |  Wall Street Journal  |  Apr 5, 08 12:12 PM CDT

      Condo-Hotel Bubble Pops, Splatters Many

      Condo-hotel rooms were a hot buy at the height of the housing boom, but marketing them as investments that would pay out every time they were occupied could come back to haunt developers, the Wall Street Journal reports. As business sours, buyers who find themselves making mortgage payments on empty rooms are suing to get refunds. More »

      Tags

      SEC  • real estate  • hotel  • condominium  • real estate development  • MGM Grand

  • March 2008

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