The New Meadowlands Stadium would be ready come Monday night football as officials gave their stern assurance that the controversial turf field is all geared up to host the preseason encounter of the New York Jets and the New York Giants. Questions over the facilities readiness were raised by both teams slated to play on the turf’s raw field and stadium Read full article »
Century Plaza Owner Pushes Plans For Twin Towers Behind The Famed Property
Hyatt Regency Century Plaza hotel owner Michael Rosenfeld has revealed his proposals to establish a sky-hugging property development adjacent to his popular hotel landmark, which real estate experts called as a radical move that would redefine the building’s immediate surroundings. Following his departure from the initial plans of flattening the Space Age hotel in Century City, Rosenfeld had a change of Read full article »
Commercial Properties Fall Prey To Wave Of Arizona Foreclosures
As recession continues to pommel the national economy, the commercial property market in Arizona is facing threats of foreclosure in what analysts call as the creeping effects of the nationwide housing market crisis, which used to plague only the more vulnerable residential and upper scale properties sector. Property experts had conceded that the high end market of commercial buildings, which used Read full article »
Everglades Land Deal Faces Delay As Tribe Files Fresh Injunction
A new round of legal tussle is expected to erupt on South Florida as the Miccosukee tribe requested an injunction from a US District judge on Tuesday this week to halt Gov Charlie Crist’s restoration land agreement with the US Sugar Corp. The tribe’s petition would effectively pre-empt the scheduled Thursday vote on the revised deal, which the state government has Read full article »
Mortgage Defaults Fail To Fend Off Interests On Manhattan Apartment Complexes
With its panoramic command view of the East River or more so the whopping $5.4 billion sale it attracted in 2006, the twin Manhattan apartment complexes of Stuyvesant Town and Peter Cooper Villages could still tickle the imagination of developers, investors and even speculators. For a start, the collaborative efforts of Winthrop Realty Trust and Pershing Square Capital made some headway Read full article »
ML Managers Re-acquires Prime Properties In Phoenix And Scottsdale
ML Managers LLC said on Friday last week that it has acquired two properties already half-built in Phoenix and Scottsdale by the shuttered Grace Communities, which was pulled down by the 2008 collapsed of its main sponsor, the Mortgages Ltd.
Massachusetts Passes New Law Providing More Protections For Foreclosure-stricken Residents
Massachusetts residents can now expect more reprieve from their foreclosure woes as the state government formalized a new law on Saturday, enabling troubled homeowners more effective ways to dodge the prospect of being evicted from their homes. In a symbolic ceremony and amidst the emergence of alarming foreclosure cases in the state, Governor Deval Patrick initialized the bill in a foreclosed Read full article »
Commercial Property Prices Suffer Steep Declines In June As Investments Wind Down
Following strings of advancements from the previous months, property prices in the commercial sector suffered a steep decline in June as analysts observed that investments allocated for real estate primary markets have either started whittling down or eventually drying up. Industry experts said that the commercial real estate industry has been long dependent on institutional capitals, which poured substantial amount of Read full article »
tags: commercial, multifamily
War Vet Faces Eviction Rap From Landlord As Court Mulls On Rent Dispute
A 97 year-old war veteran vowed to fight off attempts to kick him out of his rented $63-a-month Sunset Park apartment, declaring that he is scared of nothing and ready to withstand the eviction moves by his landlord. The Norwegian World War II mariner Magnus Saethre said that he had seen the worst of times, even the sinking the of a Read full article »
Fake Policemen Barge Into A Pleasant Hill Apartment, Rob And Hurt Unit Occupants
Pleasant Hill police investigators said that residents of a ground-floor apartment reported that two gun-toting men, with the word ‘POLICE’ printed on their vests, barged into their unit and robbed them. The victims recalled that the suspects gained entry on their living room through a sliding glass door left ajar by one of the occupants. As they were in the middle of Read full article »
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