The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed.
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
Brockton activist takes foreclosure woes to Bernanke March 10, 2010 — Boston Globe Katie Sandford is a Brockton housing activist and young mother who worries about how foreclosures have damaged her city. Yesterday, she was able to have her say with...(read more)
Bills Could Help Slow Foreclosures March 9, 2010 — The Daily News Sitting lenders down with borrowers in danger of losing their homes to foreclosure is the goal of a pilot program that would be created by pending state legislation. Lawmakers from...(read more)
Program Will Pay Homeowners to Sell at a Loss March 7, 2010 — New York Times In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some...(read more)
Can a New Web Site Streamline Home Buying? March 4, 2010, The Real Deal Matt Daimler, a technology wiz with little background in real estate, thinks he could solve some of the most vexing problems in New York City residential sales today. His new site...(read more)
Pending Home Sales Fall 7.6 Pct. in Jan March 3, 2010, ABC News via the Associated Press The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern...(read more)
Mortgage Rate Drop Below 5% Stirs Demand March3, 2010, CNBC U.S mortgage rates retreated below 5 percent last week, propping demand for home loans after purchase applications sank to a nearly 13-year low the prior week, Mortgage Bankers Association data...(read more)
This gleaming high-rise office building in Phoenix is scheduled for trustee's sale on May 24 with an opening bid of $65 million, more than 40 percent below the price of more than $105 million it sold for in June 2006 -- at the literal peak of the...(read more)
Mortgage Delinquencies Rise After Q4 Plateau March 1, 2010, Reuters More homeowners are falling behind on their mortgages, jeopardizing the nascent housing recovery and raising the possibility that home prices have not found their bottom but could instead...(read more)
The 24 buildings being offered, including two in L.A., are drawing global investors. The sale is also being criticized for the loss of long-term capital assets in favor of short-term gains.
Efforts to sell 24 state office buildings have drawn lots of interest from potential buyers -- as well as the ire of some former public officials who labored to get them built years ago in the belief that public ownership of the buildings would bring long-term financial benefits to taxpayers.
They seek to punish ex-CEO Bruce Karatz, but also to improve the record of a massive stock-options crackdown that so far has yielded few convictions.
Two months after the federal government's criminal cases against Broadcom Corp.'s top executives collapsed, the U.S. attorney's office is taking aim at another stock-options backdating target: former KB Home chief Bruce Karatz.
A gracious old Montecito home, familiar to viewers who regularly watched the opening credits of the late '60s television comedy series "The Ghost & Mrs. Muir," has come on the market.
Simple strategies for paying off your mortgage sooner and reducing expenses.
There are dozens of ways to make your housing investment pay off faster and at a greater return. In some cases, a small extra outlay may be required, sometimes every month, but the added expense is often pocket change when compared to the available savings.
Yves Didier has been a strong believer in earthquake insurance since the 1994 Northridge quake, when his apartment building was severely damaged and some of his neighbors lost their lives.