News from The Real Deal:
 
Top sales agents of the week
7/30/2010 6:00 PM
The Real Deal has ranked the top listing agents of the week based on the highest priced residential deals filed with the city.

 
Four convicted in $100M mortgage fraud
7/30/2010 5:00 PM
Four men were found guilty of participating in a $100 million mortgage fraud scheme tied to a company called AFG Financial Group, a statement by the office of the Manhattan district attorney said. Aaron Hand, Kenneth Law, Eric Shields and Jerry Strklja were found guilty of multiple felonies such as enterprise corruption, scheme to defraud, conspira...Read More
 
Rector Square's unsold units near auction
7/30/2010 4:30 PM
 
Many cities await recovery in housing market, Goldman Sachs unveils designs for Battery Park City renovation ... and more
7/30/2010 4:00 PM
1. Congressman Rangel inaccurately signed lease on rent-stabilized apartment: ethics committee [NYT]
2. Architect Charles Renfro discusses the renovation of Lincoln Center Read More
 
New look of Loews Pitkin Theater unveiled
7/30/2010 3:30 PM
New renderings of the Loews Pitkin Theater, at 1501 Pitkin Avenue in Brownsville, were published yesterday by ArchPaper. The Pitkin Theater -- once home to the likes of Jackie Gleason, Milton Berle and Humphrey Bogart -- was closed since 1969, until ground was broken last week on a new charter school and retail complex. Developer POKO Partners is w...Read More
 
Brookfield to exit the housing business
7/30/2010 3:00 PM
Brookfield Properties, the New York-based landlord and subsidiary of Toronto's Brookfield Asset Management, plans to depart from the housing market entirely to focus exclusively on office properties, Bloomberg News reported. The company, which just invested billions in bankrupt shopping mall owner General Growth Properties and also has $1.2 billion...Read More
 
Midtown Equities buys Treeline's Montague Street building for $33M
7/30/2010 2:15 PM
 
Apartment, complete with Dali paintings
7/30/2010 1:30 PM
 
Greenwood's 211 23rd St. fails to score sales
7/30/2010 1:00 PM
Even a guerilla campaign using posters and spray paint in Park Slope last November was not enough to convince buyers to purchase a condo in an eight-unit building developed by Monogram Properties at 211 23rd Street, Brownstoner reported. Sales were first launched back in 2007, when prices ranged from the mid $400,000s to $889,000. When they relaunc...Read More
 
Mortgage rates continue to set new record lows: Freddie Mac
7/30/2010 12:30 PM
Mortgage interest rates have reached record lows for the sixth week in a row, for the week ending July 29, according to data from government-sponsored mortgage giant Freddie Mac. The 30-year fixed-rate mortgage averaged a 4.54 contract interest rate, down from 4.56 percent last week and 5.25 percent during the same week last year. It was the lowest...Read More




Real Estate News from Forbes.com:
 
The New Homebuyer Tax Credit Won't Die --Should It?
7/1/2010 4:04 PM
The government has given buyers using the credit another three months to close sales, and the initiative is being imitated on a smaller scale by states and private companies. But some think the market would be better off if we laid it to rest for good...Read More
 
Middle-Of-Nowhere Mansions
7/2/2010 10:48 AM
Ultra-high-end homes are on the market for tens of millions in Door County, Wis., and other unexpected spots. What are they doing there...Read More
 
The World's Most Expensive Cities For Expats
6/28/2010 11:01 AM
A new study reveals the cities that cost the most for foreign-based companies and individuals...Read More



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