Archive for April 2008
MCZ Launches Division for Disposing, Repositioning Property
By Erika Schnitzer, Associate EditorChicago–Real estate development company MCZ Development Corp. has recently launched a new division, MCZ Affinity, which will provide developers and lenders with solutions to disposing and repositioning property. The division will accept joint venture partnerships, mini mergers and unfinished projects.“We try to anticipate and provide all the services our clients could…
Read MoreManhattan Condos, Co-ops Sign Fewer Takers 1st Quarter 2008
By Anuradha Kher, Online News EditorNew York–It is likely that the record number of sales of Manhattan condos and co-ops in 2007 will not be repeated in 2008, according to the “First Quarter 2008 Manhattan Market Overview,” recently released by Prudential Douglas Elliman, a New York-based residential brokerage firm.Sales in the current quarter declined to…
Read MoreSPECIAL REPORT: Housing Not Likely to Recover Until Mid-2009
By Keat Foong, Executive EditorColorado Springs, Colo.–The National Association of Home Builders’ (NAHB) official view is that the country will escape a recession and housing starts will bottom out as early as the middle of this year, but that may not be the consensus among housing economists. Bernard M. Markstein, III, (pictured first from top)…
Read MoreLive Near Office to Save Rent, Environment
By Anuradha Kher, Online News EditorScottsdale, Ariz.–Mark-Taylor Residential, manager of 30 apartment communities in the greater Phoenix area, has rolled out its rent saving plan for new residents moving into one of its properties. New residents, who prove they will cut their commutes to the workplace by moving to a Mark-Taylor property, can receive discount…
Read MoreCovering Our Bases–And Our Backs
Yesterday, we discussed the effect Housing and Urban Development Secretary Alphonso Jackson’s resignation could have on the pending housing legislation being considered by Congress. Today, many news outlets–including the New York Times–are saying some of those proposals could hit the floor as soon as tomorrow. For whatever reason, housing is a hot topic now among…
Read MoreHUD Secretary Resignation Leaves FHA’s Future Uncertain
Yesterday the top governmental housing official–Housing and Urban Development Secretary Alphonso Jackson–announced his resignation. And it couldn’t have come at a weirder time. As we reported yesterday, the Justice Department is currently investigating whether or not Jackson gave federal housing contacts to his associates; the outcome of that remains to be seen, but he has…
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