real estate

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Inside John Edwards' New Love Shack

Edwards, Hunter may be moving into this $3.5M gem

(Newser) - By piecing together clues from the National Enquirer's proposal story , Gawker found the $3.5 million beach house John Edwards is supposedly buying in preparation for life with Rielle Hunter. Take a guided tour in the gallery. For more pictures, click here , or check out the real estate listing .

Land Trust Group Makes Deal to Save Hollywood Sign

Land behind icon will be off-limits to development

(Newser) - An environmental group has a deal in the works to protect the land around the “Hollywood” sign from being turned into luxury homes, and will cover up the iconic sign Thursday to draw attention to the scheme. "The Hollywood sign cannot be separated from its untrammeled setting of...

Cabbage Patch CEO Snags Madoff Pad
 Cabbage Patch CEO 
 Snags Madoff Pad 
TAKE A TOUR
Feb 7, 2010 8:06 AM CST

Cabbage Patch CEO Snags Madoff Pad

Take a look at what $9M will get you in New York City

(Newser) - The guy who brought you Cabbage Patch Kids and Pokemon has snapped up the penthouse apartment of erstwhile Ponzi schemer Bernard Madoff, reports the New York Post . Al Kahn is the CEO of 4Kids Entertainment, and will be calling the 4000-square-foot lux digs in Manhattan's Upper East Side home sweet...

As Jobs Dry Up, Self Employment On the Rise

More Americans set out on their own, often in real estate

(Newser) - The number of hours worked by the self-employed jumped 8.5% in the last three months of 2009, as more unemployed people decided to try being their own bosses and those already self-employed buckled down, according to new figures from the Labor Department. “Firms aren’t hiring, so people...

Record $5.4B NYC Apartment Complex Lost to Creditors

Stuyvesant Town project collapses under debt

(Newser) - The record-setting sale of a New York residential property for $5.4 billion in 2006 was a deal made at the height of the boom—and it's now a casualty of the collapsed real estate market. Tishman Speyer, the property company that bought the 56-building, 11,000-unit Peter Cooper Village...

Celebrity Pads for Rent
 Celebrity Pads for Rent 
TRAVEL
Jan 24, 2010 8:00 AM CST

Celebrity Pads for Rent

If you have obscene amounts of money, Bruce Willis' home can be yours

(Newser) - Looking to vacation like the rich and famous? Well, why not do it in the living room of an actual rich and famous person? Many celebrities rent out their palatial and seldom-used residences, Travel + Leisure explains. Some have fallen on hard economic times, but most just want to defray...

DC Office Prices About to Pass NY

Falling banks, rising government shifts real estate market

(Newser) - Washington, DC, is on the verge of passing New York as the priciest place to rent an office in the country. Rents were down pretty much across the board in the latest figures from Reis, a New York-based research firm, but DC saw only a mild 3% decline, to an...

Record $330K Paid for Virtual Space Station
 Record $330K Paid 
 for Virtual Space Station 
'REAL' ESTATE BOOM
Jan 5, 2010 2:34 PM CST

Record $330K Paid for Virtual Space Station

Online game player is confident his investment will pay off

(Newser) - The virtual Entropia Universe—Planet Calypso, in particular—might be entering a real estate boom with the recent purchase of the Crystal Palace space station for $330,000, a record for a virtual item. That’s right: A player who goes by Buzz “Erik” Lightyear paid the sum for...

Mortgage Defaults Top 1M, Keep Rising

Even those with lowered payments are defaulting

(Newser) - The number of troubled home loans continued to rise in the third quarter, despite the Obama camp's efforts to stem the tide by mortgage modification. For the first quarter ever, the number of homes in foreclosure with mortgages serviced by US banks topped the 1 million mark, the Los Angeles ...

House-Flippers Target Foreclosure Sales

Big profits loom as lenders offload homes at auction

(Newser) - House-flipping is making a comeback as investors seek fast profits from foreclosure auctions. Lenders are overwhelmed with property, especially in foreclosure hotspots like California, Nevada, and Arizona, and their haste to sell off their huge supplies of homes can mean big flip profits for investors with knowledge of local markets,...

FHA Helps High-End Buyers
 FHA Helps High-End Buyers  
Nov 20, 2009 5:34 AM CST

FHA Helps High-End Buyers

Raised guarantee limit may be tough to roll back

(Newser) - When the government last year doubled the amount the FHA will guarantee on a home loan, to more than $700,000, it moved the agency into uncharted territory: backing loans for the middle-class and the wealthy, too. It also moved the FHA, designed to help low-income buyers who can't raise...

Renters Feel the Landlord Love
 Renters Feel the Landlord Love 
Nov 2, 2009 6:19 AM CST

Renters Feel the Landlord Love

In soft market, tenants offered flat-screen TVs, cash, reduced rent

(Newser) - Time was, the landlord's knock could inspire dread and bogus excuses. But as apartment vacancies soar, these days he's more likely to drop by to offer you a flat-screen TV, cash, or reduced rent if you re-up your lease. "Many companies are doing whatever they can to keep units...

Condos Under SF Bridge? Blogosphere Loves It

The Bay Line, aka Bay Bridge to Nowhere, is catching on

(Newser) - With the eastern span of the San Francisco-Oakland Bay Bridge due to go out of commission when its replacement is completed (current ETA: 2013), a campaign is amping up in the blogosphere to keep it around as a pimped-out version of New York’s popular High Line. The Bay Line—...

Home Prices Climb in August
 Home Prices Climb in August 
Oct 27, 2009 9:03 AM CDT

Home Prices Climb in August

Nearly every major city gets a boost

(Newser) - US home prices rose for the third straight month in August, data released today showed, a key sign for a broad and sustained housing recovery. The S&P/Case-Shiller home price index of 20 major cities climbed 1% from July to a seasonally adjusted reading of 144.5. While prices are...

How Australia Dodged the Recession

How one country ducked the economic downturn

(Newser) - Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains:
  • Befriending China: Australia used to export much of what it made to
...

World's Priciest Apartment Sells for $56M
 World's Priciest Apartment 
 Sells for $56M 
WHAT HOUSING BUST?
Oct 15, 2009 5:50 AM CDT

World's Priciest Apartment Sells for $56M

Hong Kong duplex goes to mainland Chinese buyer

(Newser) - A mainland Chinese buyer has purchased the most expensive apartment in the world, a duplex at the top of a Hong Kong highrise selling for $56.6 million. Hong Kong exited recession in the second quarter and its property market has rebounded strongly, although with prices up 30% this year...

Vacancy Rate Hits 23-Year High as Renters Fade

So now's the time to get that place in NYC

(Newser) - Apartment vacancies have hit a 23-year high, as rampant unemployment continues to drive down demand, according to a New York real-estate research firm. That’s brought rents down an average 2.7% compared to last year—and the 7.8% vacancy rate is expected to climb. “The experience was...

Feds Weigh New Bailouts for Smaller Banks

Congressional Dems on board with plan to help institutions hammered by real estate

(Newser) - With the residential and commercial real-estate markets continuing to hammer smaller US banks, the Treasury and other federal agencies are trying to diagram help for institutions considered too much of a gamble under original bailout terms. Congressional Democrats are “very, very supportive” of such a move, a source tells...

Blue Dog Gets Real Estate Windfall From Drug Company

USA Drug overpaid for Ross' wife's pharmacy

(Newser) - Arkansas Rep. Mike Ross, a Blue Dog Democrat who’s taken a leading role in the health care debate, sold a piece of commercial real estate to a pharmaceutical company for an eye-popping sum in 2007, Pro Publica reports. USA Drug paid $420,000 for the property in Prescott, Ark....

House Next to Obamas' Chicago Digs Hits Market

Agent calls area 'the world's ultimate gated community'

(Newser) - Got a couple million and think you can pass a Secret Service background check? The house next door to President Obama’s Chicago digs is on sale, the Tribune reports. Round-the-clock protection puts the 17-room brick home in the city’s Hyde Park neighborhood in “the world’s ultimate...

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