08:38:55 | 2012-06-13
Good Morning New York! Here’s the news:
Foreigners Snap Up Properties In the U.S.
The six-year slide in U.S. home prices and the dollar’s weakness against some currencies are driving a property-buying binge by Asians, Canadians, Europeans and Latin Americans eager to own a piece of America.
Cheap homes lure foreign buyers
Lured by bargain home prices, foreign buyers stepped up their purchases of U.S. homes by 24% over the past year, according to an industry trade group.
Cornell chief predicts wide impact from new school
The new technology campus planned for Roosevelt Island will do more than feed talent into the city’s fast-growing tech sector.
JPMorgan Leading Banks Issuing Commercial-Mortgage Bonds
JPMorgan Chase & Co. (JPM) (JPM) is leading banks preparing bond offerings tied to commercial property loans as Wall Street seeks to offload mortgages stockpiled during the past two months.
Deadly NYC crane collapse insurance challenged
New York’s top court says misrepresentations on insurance forms by the operator of a crane involved in a deadly collapse four years ago could also limit coverage for the developer and builder. The accident killed seven people in midtown Manhattan.
Adam Clayton: Pa bought NY pad with his money – court
THE former personal assistant of U2′s Adam Clayton bought a New York apartment with money she had taken from his bank account, a court has heard.
‘Grifter Prince’ Accused of Conning His Way into $20m Apartment, Ivy League Education
Nothing goes better with a $20 million condo you allegedly swindled from your powerful relatives than a degree from Columbia University you allegedly fraudulently obtained.
Kelly Kennedy Mack
Ms. Mack, 38, is the president of the Corcoran Sunshine Marketing Group, which specializes in the marketing, sales and planning of luxury residential developments. Its projects include the Laurel, the Rushmore and the Riverhouse condominiums.
Dunham buys apartment in Bklyn Heights
Lena Dunham, creator of the edgy HBO series “Girls,” has just bought a pad in Brooklyn Heights. According The Real Estalker blog, Dunham snapped up an 800-square-foot, one bedroom co-op, in a “large and dignified, pre-war doorman building” on Hicks Street in the leafy area where she was raised
Mega REITs Remain Confident in NYC Office, Class A Malls
Value-add opportunities, new leasing strategies and ditching non-core assets were the common themes discussed by the nation’s biggest real estate investment trusts at NAREIT’s annual investor forum REIT Week 2012 in Midtown Manhattan today.
Reis Commercial Real Estate Data Available to Bloomberg Users
Reis, Inc. (Nasdaq:REIS) (“Reis” or the “Company”), a leading provider of commercial real estate market information and analytical tools, today announced that its commercial real estate information will now be available to subscribers of the Bloomberg Professional service.
Displaced Bronx Residents Search for Answers Amid Fire Escape Fracas
Hundreds of residents who were forced to leave their Bronx apartment building after their landlord removed their fire escapes gathered Tuesday to air their frustrations over the financial and personal costs of the evacuation, and to try to figure out when they can return to their homes.
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