Commercial
Balkan Prison Camp in Montenegro to Turn into Luxury Hotel Resort
Airbnb Poised to Benefit from Stayz Increase in Fees
Los Angeles Real Estate: Brentwood Property with John Byers Cottage Is Listed at $11.25M
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
New York City, under the administration of Mayor Bill de Blasio, will grab 75,000 square feet of boardwalk property in Coney Island as part of a long-delayed economic development in the area.The eminent domain seizure includes three beachfront properties and two smaller properties located on West 12th and West 23rd, which totals to 75,000 square feet. The city failed to strike a "fair-market" deal with the owners but managed to secure the seizure of a 60,000-square-foot land that once housed the famous "Thunderbolt" wooden roller coaster which was featured in the movie "Annie Hall" but was demolished in 2000. The said plot where the rollercoaster once stood is owned by screenwriter Peter Shaffer. Commercial Real Estate: Walmart and Macy's Shut Down Stores Nationwide
Two of America's largest retailers have recently announced store closures and lay offs. Walmart is closing 269 stores nationwide, including stores under the Express, Neighborhood Market and Supercenter names. Macy's is also closing 40 stores in the early part of 2016.The said closures are forecasted to create a "domino effect" for malls. Once large stores like Macy's and Sears close, it will be hard for mall owners to replace them, related Davidowitz & Associates Chairman Howard Davidowitz. Retail Vacancies in Soho on the Rise
Soho, one of New York's largest and trendiest shopping districts, seems to be as busy as ever. During weekends, retail stores along Broadway and West Broadway, are teeming with New Yorkers and tourists but behind the robust activity, numbers reveal that retail vacancies in the neighborhood are on the rise. Title Insurers Ask for Limits to Disclosure Requirements
The American Land Title Association (ALTA), a group composed of more than 5,500 title companies nationwide, asked officials of the Treasury in a letter dated January 13 to restrict the transparency program to specific residential deals and sought exemption in cases where a third party holds part of the money involved in the transaction. California Real Estate: More Apartments Coming to LA in 2016 but with Higher Rent
Construction in Los Angeles has quadrupled in pace but the "affordability crisis" in the Golden State is still brewing, realty reports revealed. Former Bank Building to be Transformed into a Single-family Home
Former banks being turned into house. Sounds crazy yes, but with a very talented architecture and renovation it isn't so bad at all, in fact it is stunning to note that the most popular abode that is formerly a bank is the new trending news in the field of real estate. Very much a piece of historic masterpiece. New Real Estate Rules Implemented; High-end Property Investors Will Have a Hard Time Keeping their Real Estate Transaction Private
This is now the main issue in cash purchases among real estates since the new rule has been laid on Wednesday by the Financial Crimes and Enforcement Network (FinCEN). Looks like it would be much difficult to keep oneself private these days when it comes to real estate. Massachusetts Real Estate News: National Real Estate Advisors and the HYM Investment Group has Won the Approval of the Boston Council to Build Two Towers on Government Center Garage
National Real Estate Advisors and HYM Investment Group has received the go signal from the Boston Redevelopment Authority Board of Directors for the construction of two towers on the site of the Government Center Garage. Mexico City's Torre Reforma Designed to Bend and Not to Break
Mexico City's skyscraper, the Torre Reforma, has a concrete facade that is actually designed to bend and not to break. Foreign Investors Maintain Strong Appetite For Australian Commercial Property Market
Foreign investors will continue to be major players in Australia's commercial property market this 2016 after staking on half of Australian office towers sold in the previous year, Sourceable reports.
