Staff Reporter
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. Retail Vacancies in Soho on the Rise
Soho, one of New York's largest and trendiest shopping districts, seems to be as busy as ever. During weekends, retail stores along Broadway and West Broadway, are teeming with New Yorkers and tourists but behind the robust activity, numbers reveal that retail vacancies in the neighborhood are on the rise. Celebrity Real Estate: The Kardashian-Jenner Family's Collection of Homes
The Kardashian-Jenner family has a huge real estate property since each of them owns a real estate. Let us take a look at what they got. Celebrity Real Estate: Luxury Homes of Australian Hollywood Stars
Let us look into the homes of some Australian stars like Miranda Kerr, Iggy Azalea, brother Liam and Chris Hemsworth, Portia de Rossi and others. Title Insurers Ask for Limits to Disclosure Requirements
The American Land Title Association (ALTA), a group composed of more than 5,500 title companies nationwide, asked officials of the Treasury in a letter dated January 13 to restrict the transparency program to specific residential deals and sought exemption in cases where a third party holds part of the money involved in the transaction. California Real Estate: More Apartments Coming to LA in 2016 but with Higher Rent
Construction in Los Angeles has quadrupled in pace but the "affordability crisis" in the Golden State is still brewing, realty reports revealed. Auckland Increasing House Prices Reaches New Zealand, Worries Central Bank
The soaring house prices of Auckland may reach New Zealand which adds to the upward pressure of the Reserve Bank of New Zealand. Real Estate Tips: Top 3 FAQ's That You Need To Ask Your Real Estate Agent
Buying or selling a home have its own set of challenges for both first time buyers and sellers. That is where a real estate agent comes in. However, being able to ask the right questions, at the same time having them answered clearly and precisely is vital to know if the real estate agent you are about to hire can give you a good deal and at a faster rate. US Middle Class Faces New Housing Crisis
The increase in home prices is threatening the middle class who are looking at the government to take action that would give affordable housing for the people. Celebrity Home for Sale: RHOC Shannon Beador and Husband David Re-List Newport Beach Mansion for $10.898 Million
The "Real Housewives of Orange County" stars Shannon Beador and her husband David have re-listed their Newport Beach Mansion for $10.898 million. New Real Estate Rules Implemented; High-end Property Investors Will Have a Hard Time Keeping their Real Estate Transaction Private
This is now the main issue in cash purchases among real estates since the new rule has been laid on Wednesday by the Financial Crimes and Enforcement Network (FinCEN). Looks like it would be much difficult to keep oneself private these days when it comes to real estate. Former Bank Building to be Transformed into a Single-family Home
Former banks being turned into house. Sounds crazy yes, but with a very talented architecture and renovation it isn't so bad at all, in fact it is stunning to note that the most popular abode that is formerly a bank is the new trending news in the field of real estate. Very much a piece of historic masterpiece. Privacy Issue: What the U.S. Treasury Didn't Get About Shady Real Estate Deals
"Not everything that has been purchased with cash is a scheme," this is the cry of one of the commentary by Seth Kaplowitz as was written in Fortune Magazine online regarding the real estate deals that have allegedly be bought by laundered money. Home Mortgage Tips: The Difference Between Conventional and Non-Conventional Loans
If you're about to buy a home, you might have stumbled upon the two types of loan called the "conventional loan" and the "non conventional loan". But what exactly is the difference between the two? And which one is the better option for you? Reverse Mortgage: Advantages And Conditions That Come With It
Mortgage is just as complex as any other business and borrowers can encounter many other mortgage option along the way. One of which is the reverse mortgage. This option is a government insured program and is offered to homeowners that are at least 62 years old. What happens when a persons go for a reverse mortgage is that, he/she can covert a fraction of his/her home equity into cash. Home Buying: 7 Tips For An Accurate Price Calculation
When buying a home, there is always that threat of overpaying for a house. But just as there are challenges to landing the best deal, there are also effective strategies to get a fair price for your dream house. Colorado Real Estate News: Ethika Investments Acquires Vail Cascade Resort and Spa, Allocates $35M for Complete Property Repositioning
Ethika Investments, LLC, a real estate private equity firm, has announced the acquisition of the Vail Cascade Resort and Spa, and its plan to allocate additional capital as part of a $35 million complete property repositioning that will begin in the second quarter of 2016. Massachusetts Real Estate News: National Real Estate Advisors and the HYM Investment Group has Won the Approval of the Boston Council to Build Two Towers on Government Center Garage
National Real Estate Advisors and HYM Investment Group has received the go signal from the Boston Redevelopment Authority Board of Directors for the construction of two towers on the site of the Government Center Garage. Real Estate News: Century 21 Real Estate LLC Renews Franchisees in Wisconsin and Virginia
Century 21 Real Estate LLC, a subsidiary of Realogy Holdings Corp., has announced the renewal of the franchise agreement of its two largest independent franchisees, CENTURY 21 Affiliated in Madison, Wisconsin and CENTURY 21 New Millennium in Alexandria, Virginia. Celebrity Travels: Roxanne Pallett Discovers More About Memphis, Elvis Presley's Hometown
Actress Roxanne Pallett discovers how interesting and magical Memphis is, Elvis Presley's hometown. NSW Real Estate Body Calls For Tougher Education And Training Standards For Property Professionals
Real Estate Institute of New South Wales (REINSW) - the state's peak real estate body - believes that tougher entry standards should be imposed to those who plan to work in the real estate industry in New South Wales, Your Investment Property reports. Celebrity Home for Rent: Live in Chef Bobby Flay's Chelsea Duplex for $22,500 a Month
Celebrity chef Bobby Flay puts his Chelsea Duplex for rent for only $22,500 a month. Celebrity Chef Bobby Flay has now put his Chelsea duplex for rent for $22,500 per month. Unlisted Property Sector Hits Record Year of $53B
It was a double-digit return last year for Australia's biggest unlisted property funds, sustained by a strong performance from Investa Commercial Property Fund and the AMP Wholesale Office Fund, both office-focused funds, Financial Review reports. Declining Property Market 'Bottoming Out' Says Property Council of WA
Perth's slumped property market is nearing bottom and long-term values is not solely reflected by gloomy market confidence, says Property Council of WA, Perth Now reports. Mexico City's Torre Reforma Designed to Bend and Not to Break
Mexico City's skyscraper, the Torre Reforma, has a concrete facade that is actually designed to bend and not to break. Foreign Investors Maintain Strong Appetite For Australian Commercial Property Market
Foreign investors will continue to be major players in Australia's commercial property market this 2016 after staking on half of Australian office towers sold in the previous year, Sourceable reports. Home Equity Loan: What It Is And How Do You Pay It Off Quickly
If you have seen the mortgage industry face a meltdown last 2008, it would be understandable if you look at the idea of home equity with a pinch of skepticism. However, if you have not checked your home's value recently, you may be pleasantly surprised to find out that it may have risen significantly. Many parts of the US have actually seen a rise in home values over the past years, and this brings us to the topic of home equity and how you can tap into it. Real Estate Tips: Quitclaim Deeds, What It Is, How It Works
A Quitclaim Deed is the best way to transfer property rights from one person to another. The deed form may have variations but the way the it works is quite standard. In a situation where a person is not selling the property, he/she can still grant ownership interest to another person. This is an easy way to add your husband or wife to the property title and remove them after divorce, or to clear up the owner of an inheritance property. Mortgage Tips: Rate Locks, What It Is, And How It Works
Interest rates face fluctuation on a regular basis for different reasons, and a change by a few basis points can create a big difference when dealing with a six figured loan transaction. This is where rate locks enters the scene.
