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Luxury Real Estate, Real Estate, US Real Estate

Senator Ted Kennedy’s Mansion Sold For $6.5 Million to Gabon

By Mike Wheatley | July 27, 2011
The Ministry of Foreign Affairs of the Gabonese Republic has just completed the acquisition of the former home of Senator Ted Kennedy for $6.5 million, which is set to become the African country’s new US embassy. The lavish Kalorama Heights residence boasts six bedrooms, seven bathrooms, five fireplaces, an indoor pool and a gym equipped […]
International, US Real Estate

Chinese and Taiwanese Look Towards Japan for Investments

By Allison Halliday | July 27, 2011
The biggest property brokerage in Taiwan, Sinyi Realty Co., is helping Taiwanese and Chinese buyers find Japanese real estate investments. Taiwanese and Chinese buyers are increasingly looking towards alternative markets due to tightening measures introduced by their own governments in an effort to curb rising property prices. Japan presents tempting opportunities due to low interest […]
Real Estate, US Real Estate

92 Laight Street Loft, Tribeca Sells for $11.5 Million

By Allison Halliday | July 27, 2011
Platinum Properties has sold a 92 Laight Street loft for an incredible $11.5 million, which at 3838 ft.² equates to $2,996 per square foot, is the highest price seen in Tribeca for years. The three-bedroom four and a half bathroom property was on the market for just five weeks; it's quick sale and high price […]
US Real Estate, World Real Estate

Despite News of Hope World Real Estate is Down

By Phil Butler | July 27, 2011
Across the United States families, investors, even the bug exterminator who sprays homes have been affected by this recession. Not just affected in some cases, devastated. Despite news every morning of a better day "a" comin though, property prices continue to fall. The world real estate market looks more like a flea market peddler than a Wall Street titan.
Featured News, US Real Estate

India's Central Bank Repo Rate Stifles Market

By Phil Butler | July 27, 2011
A higher than expected lending rate hike by the State Bank of India, the country's biggest lender, has markets reeling. India's stock market fell this morning on the news of a point 5 percent increase, twice was was anticipated be experts. Sensex dropped some 353 points to 18.518, while the Nifty closed 105 points lower at 5,574. The Repo rate hike stands to stifle Indian recovery, according to some experts.
Mortgage, Real Estate, US Real Estate

Short Sale Fraud – Another Real Estate Agent Jailed

By Mike Wheatley | July 26, 2011
A female real estate agent from Connecticut has been sent to prison after admitting her role in an elaborate short sale fraud which is just the latest in a string of cases to hit the headlines in recent months. Norwalk resident Anna McElaney, 38, was given eight months jail time and a three-year supervision order […]
Real Estate, US Real Estate

Office Tenants in Dubai Struggle to Find Single Landlord

By Allison Halliday | July 26, 2011
Although  the amount of empty commercial space in Dubai is currently equivalent to around nine Empire State buildings, large companies are having trouble finding adequate space under single ownership, and the problem looks set to increase. The majority of properties constructed over the next couple of years are held under strata title, which enables different […]
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