Real Estate

United States

Brooklyn Park's Northland Inn sold to investors

JENNIFER BJORHUS Star Tribune 09.10.2010
Brooklyn Park's Northland Inn sold to investors

Taking advantage of the hard times for hotels, a group of East Coast real estate investors has scooped up the troubled Northland Inn in Brooklyn Park, promising a substantial renovation.

Where the highest property taxes are: Hint, it's not here

It's that time of the year, where county assessors are sending homeowners the annual property tax bill. It is never an envelope that one likes to open, since it's usually a request for several thousand dollars. But to keep our cities running and services humming, the money has to come from somewhere.

Real estate developer sells condo in The Sterling

Shania Sampson Sun Times Media 09.10.2010
Real estate developer sells condo in The Sterling

Nicholas V. Gouletas sold a condo at 345 N. La Salle St. Unit #4705 in River North to Edward Heil III, for $885,000 on Sept. 13.

The Closer: Flips and splits of New York's real estate community

* One raging success story out of Harlem is the Livmor. Opening sales in January, the building at 301 W. 115th St. is over 75% sold, which is pretty good considering the ups and downs of the uptown real estate market. We’d say it’s up now. So would Prudential Douglas Elliman broker Dawn Tsien, whose team handled the sales and marketing.

Why New Jersey Is Still No. 1 for Property Taxes

JONATHAN BERR See full article from DailyFinance: http://www.dailyfinance.com/story/taxes/why-new-j Daily Finance 09.10.2010
Novak Druce + Quigg LLP Speaks on Intellectual Property Law in Regenerative Medicine at the World Stem Cell Summit

This morning, Novak Druce + Quigg LLP Partner Nicholas Zachariades Ph.D. spoke on “The Shifting Landscape of Intellectual Property Law and Its Impact on the Future of Regenerative Medicine” at the Genetics Policy Institute’s World Stem Cell Summit in Detroit.

Why New Jersey Is Still No. 1 for Property Taxes

If there is one thing that unifies residents of New Jersey, particularly in these divisive times, it's property taxes: Everybody hates them.


Retail Traffic 07.10.2010

Proposed new lease accounting standards from the U.S. Financial Accounting Standards Board and the International Accounting Standards Board have the retail real estate world dizzy with worry as property owners and managers fear the new standards will cripple tenants and lead to shorter lease terms and more conservative expansion strategies.

New York Commercial Real Estate Shows Signs of Improving

Despite falling rents and rising vacancy rates, the commercial real estate market could be improving.

LNR Taps Vets of Deutsche Bank

LINGLING WEI The Wall Street Journal 07.10.2010
Office leasing, property sales up sharply

Commercial leasing, as well as sales activity, soared in Manhattan during the first nine months of the year from the anemic levels of the comparable period in 2009. However, the recession's legacy continues to drag on the market, with rents continuing to fall and vacancy rates remaining stubbornly high, according to a report released Tuesday by Cushman & Wakefield Inc.

LNR Taps Vets of Deutsche Bank

A group of commercial real-estate heavyweights that made a big play on the distressed market earlier this year by buying into LNR Property Corp. has now tapped two executives who helped run Deutsche Bank AG's highflying commercial-property business, according to people familiar with the matter.

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