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EDITOR'S PICKS
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Is December A Good Time To Invest In Real Estate?
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Fed Slashes Interest Rates, But Mortgage Rates Surge Up To 6.72% - Here's Why It's Happening
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New Real Estate Platform Allows US Homebuyers To Check The Political Affiliations Of Their Neighbors For Free
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NYC Bill Relieving Renters Of Broker Fees Passes Without Mayor's Signature. Real Estate Groups Are Suing To Stop It
The two media companies will remain in their Midtown headquarters at 1211 and 118 Sixth Avenue where their lease will end until 2020. Celebrity Real Estate: Musician Joe Jonas is Hunting for a Chelsea Penthouse Along With Brothers, Nick and Kevin
The three siblings, Joe Jonas and his two brothers, recently looked at a penthouse duplex at 560 W. 24th Street. Celebrity Real Estate: Danny Meyer Closing a Deal to Run a New Events Place on 28 Liberty Street
The famed restaurateur is the force behind Gramercy Tavern, Union Square Café, and The Modern, among others. Celebrity Real Estate: The Chelsea Duplex of Bobby Flay is Listed on the Market
The star chef had just finalized a bitter divorce with actress Stephani last Summer, and has now put their property up for sale. New York Real Estate News: New Cambria Hotel & Suites NY Opens in Times Square
Choice Hotels International, Inc. together with Hidrock Properties and Concord Hospitality, celebrates the grand opening of the new Cambria Hotel & Suites in New York's Time Square. Balkan Prison Camp in Montenegro to Turn into Luxury Hotel Resort
The plans to redevelop a Balkan World War II-era prison were approved by the Montenegro government. It is undergoing an unusual transformation into a luxury resort. Airbnb Poised to Benefit from Stayz Increase in Fees
Stayz has recently changed to a purely commission-based model, which angered many home owners subscribing to the site. Could this mean more would subscribe to Airbnb in the coming days? Los Angeles Real Estate: Brentwood Property with John Byers Cottage Is Listed at $11.25M
A luxurious real estate with John Byers cottage found in Brentwood, California is being sold by property owners at $11.25M. New York City Seizes 75,000 Square Feet of Beach in Coney Island
New York City, under the administration of Mayor Bill de Blasio, will grab 75,000 square feet of boardwalk property in Coney Island as part of a long-delayed economic development in the area.The eminent domain seizure includes three beachfront properties and two smaller properties located on West 12th and West 23rd, which totals to 75,000 square feet. The city failed to strike a "fair-market" deal with the owners but managed to secure the seizure of a 60,000-square-foot land that once housed the famous "Thunderbolt" wooden roller coaster which was featured in the movie "Annie Hall" but was demolished in 2000. The said plot where the rollercoaster once stood is owned by screenwriter Peter Shaffer. Commercial Real Estate: Walmart and Macy's Shut Down Stores Nationwide
Two of America's largest retailers have recently announced store closures and lay offs. Walmart is closing 269 stores nationwide, including stores under the Express, Neighborhood Market and Supercenter names. Macy's is also closing 40 stores in the early part of 2016.The said closures are forecasted to create a "domino effect" for malls. Once large stores like Macy's and Sears close, it will be hard for mall owners to replace them, related Davidowitz & Associates Chairman Howard Davidowitz.