Norfolk’s apartment complexes development blitz gained further traction as the city council passed this week a rezoning resolution that would pave the way for the construction of the $20.7 million Meadowood Apartment in North Military Highway. The 180-unit luxurious complex would be the seventh to get the nod of the city government for the past year and most have Read full article »
Archives for Multi Family
Northwest Suburbs Highest In Cook County Foreclosures
Not one region in the United States was spared from the recession hit on the housing industry. Lately, though, it seems like the Northwest suburbs are being branded as the “leaders” in foreclosures. This shows a shift in trend from last year’s. Vis-à-vis last year’s numbers, Northwest suburban Cook County shows a 55% increase in foreclosures for the first six months Read full article »
tags: Cook County, foreclosure
Rape Suspect Maintains Innocence On 7-Year-Old’s New Jersey Molestation Case
Gregory Leary vehemently maintained his innocence and swore that he was not a party on the alleged gang-raping of a 7-year old girl during that fateful party in a vacant Rowan Towers apartment unit last March 28. Leary was interviewed by the Associated Press in Mercer County Correctional Center, which has been his home when authorities arrested him in April. Police Read full article »
Lockport City Government Invites Property Hunters To Its Foreclosure Auction
The City of Lockport announced over the weekend that it will be holding its yearly tax-foreclosed properties auction next week and being served on the platter are a bevy of residential units plus some repossessed commercial buildings and two undeveloped residential lots. City treasurer Michael White said that some 23 residential units would be the target for sale by foreclosed properties Read full article »
tags: real estate, tax sale
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 »
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 »
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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