Tuesday, October 23, 2012

Real Estate News: The Art of Closing the Deal

Here is a look at real-estate news from the weekend and today:
Home Sales Rise for 15th Month: The sales pace of previously owned homes eased slightly in September from August but were still well ahead of last year’s pace, marking the 15th straight month of year-over-year home-sales gains.

A Plan to Alter Fannie, Freddie: Conventional wisdom says the mortgage giants should be wound down. But neither the White House nor Congress has proposed a serious plan for what should take their place or how to recoup the $142 billion taxpayers have put into the two companies.
House of the Day: Floor-to-ceiling windows were the first and guiding design element for this home overlooking downtown Portland, Ore.

National Housing - NY:
The Commish: The Art of Closing the Deal: An unlikely partnership led by an Indiana-based developer little known in New York managed to grab the coveted property at 47th Street and Seventh Avenue, finalized in a tense three-and-a-half week negotiation.

Manhattan in Name Only: La Marina, a new restaurant and event space that feels more like a resort than nearly anything in Manhattan, is a great example of how a business-government partnership can realize the potential of New York’s rich geography.

Metuchen Draws Many to Doughnut Hole: In this week’s Open House, we look at a street-level look at the New Jersey borough of Metuchen.

Rare Opportunity Near Park: Just a block from Gramercy Park, a rare, 1.5-acre development site is up for sale, offering a potential opportunity to transform an institutional block into a residential development in the heart of one of the city’s priciest neighborhoods.

Biggest Hotel in Chinatown to Open Next Month: A new 18-story Wyndham Garden Hotel at the corner of Bowery and Hester Street is planning to open Nov. 1 with nightly rates starting at $225.

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