The suit says that an agreement giving Forest City Ratner at least 12 years to to complete the first phase of the Atlantic Yards project violates state eminent-domain law.
Entries from April 2008
Delays in $4 Billion Brooklyn Development Are Challenged in Tenants? Lawsuit
April 30th, 2008 · No Comments
Tags: Real Estate Information · Real Estate News
Calpers Takes Hit on Land Deal
April 30th, 2008 · No Comments
The California Public Employees’ Retirement System is involved in one of the biggest land deals to fall victim to the housing bubble. It is an unusual position for the pension fund, which has a reputation for avoiding such blowups.
Tags: Real Estate Information · Real Estate News
Brookfield Letter May Aid Maguire CEO
April 30th, 2008 · No Comments
The efforts of Robert Maguire III to buy a sizable portion of the company he founded may be bolstered by a letter from Brookfield, offering to purchase his company’s Los Angeles properties for nearly $750 million.
Tags: Real Estate Information · Real Estate News
Loan Plan for Homeowners
April 30th, 2008 · No Comments
Struggling U.S. homeowners could receive federal loans to pay down as much as 20% of their principal under a proposal by the FDIC to help stem foreclosures.
Tags: Real Estate Information · Real Estate News
Q & A: When a Co-op Holder Defaults on a Share Loan
April 30th, 2008 · No Comments
Can the lender foreclose on the apartment?
Tags: Real Estate Information · Real Estate News
Q & A: Listed on a Deed With His Parents
April 30th, 2008 · No Comments
What determines who inherits a property with multiple people listed on the deed?
Tags: Real Estate Information · Real Estate News
Hotel Investors at Crossroads
April 30th, 2008 · No Comments
Heading into an economic downturn, hotels are often among the first industries to suffer. Now, vacancies are on the rise amid a construction boom. Investors, meanwhile, are trying to determine which hotel companies are best positioned to ride out a downturn.
Tags: Real Estate Information · Real Estate News
Home for sale by any means
April 30th, 2008 · No Comments
For nearly two years, Adriel and Lance Bush tried unsuccessfully to sell their 1925 home in West Palm Beach, Fla. First the couple went the traditional route: They hired a realtor (three of them, in fact) who gave them standard advice, like getting rid of all the clutter caused by their twin toddler boys. They also renovated their master bath and added granite counters to the kitchen. Still no takers, which wasn’t surprising: Home sales in the West Palm Beach area have fallen by double digits.
Tags: Real Estate Information · Real Estate News
Mortgage application volume slips
April 30th, 2008 · No Comments
Tags: Real Estate Information · Real Estate News
Property Values: What You Get for… $7 Million
April 30th, 2008 · No Comments
A 4,200-square-foot three-bedroom house in Middletown, R.I.; a five-bedroom contemporary in Scottsdale, Ariz.; and a three-bedroom house in Whitefish, Mont.