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Real Estate News
Real Estate news continually updated from thousands of sources around the net.
The New York Times Co. said Monday it gained more financial flexibility by selling 21 floors of its headquarters building in midtown Manhattan for $225 million.
The newspaper will lease back the space from the buyer, investment firm W.P. Carey & Co., under a 15-year contract.
Times shares jumped 21 cents, 5.2 percent, to $4.28 in morning trading.
Like other publishers, the Times company has been seeking different ways of raising cash to pay off debt as advertising sales decline. The company has $350 million in loans coming due over the next two years. Total debt stood at $1.1 billion at the end of 2008.
Developers of the 31-story Phoenix West II in Orange Beach say weather and slow sales will delay its completion by 18 months.
What began 60 years ago as a humble television store in this sleepy Southern capital ended Sunday as Circuit City closed its doors for good -- its 567 remaining U.S. stores to be left broom clean and vacant.
Money in Your Pocket Minute: Time to refinance 3/6/09
The people spoke, and the county commissioners listened. Two days after hundreds of taxpayers swarmed on them to protest the recent countywide property revaluation, the commissioners gave staff some homework.
Welcome to Landlord Nation, where foreclosure notices are plentiful and for-sale signs offer at least 1,800 homes for under $10,000 that once were worth at least 10 times more.
Schaumburg, IL, March 6, 2009- Hostmark Hospitality Group, one of the nation's largest third-party hotel management companies, anticipates that its quantity of management contracts will increase significantly ...
Colonial Properties Trust announced that its Board of Trustees declared the first quarter 2009 dividend on the company's Series D Depositary Shares.
Icahn Enterprises LP, a diversified holding company, said Thursday its fourth-quarter losses ballooned due to restructuring expenses and impairment charges.
There are new incentives to get people to buy homes.
The cable channel and producers behind the "Parking Wars" television series are donating $110,000 to help keep pools open in Philadelphia, reports The Philadelphia Inquirer.
Houses in the United States are now more affordable than at any time in the last 40 years when compared with personal income.
In the last year, General Growth Properties has failed to properly maintain Faneuil Hall Marketplace in accordance with the lease, says the Boston Redevelopment Authority.
A state appeals court in Manhattan has ruled that owners of rent-regulated buildings who receive certain tax credits cannot deregulate rents for apartments in those buildings.
It's true. Actor Vince Vaughn is set to marry 29-year-old Calgary realtor Kyla Weber shortly, her father confirmed Thursday.
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