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Entries for August, 2012

The Market for Real Estate Masterpieces

The Market for Real Estate MasterpiecesNews from New York Times: If it’s $ 100 million, is it art? Since Citigroup’s former chairman Sandy Weill sold his penthouse at 15 Central Park West late last year for $ 88 million, or $ 13,000 a square foot, to a Russian billionaire, sales prices in Manhattan have been […]

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Paul Allen’s real estate firm to sell Amazon headquarters

Paul Allen’s real estate firm to sell Amazon headquartersNews from Reuters: SEATTLE | Fri Aug 31, 2012 3:24am IST SEATTLE (Reuters) – Microsoft Corp (MSFT.O) co-founder Paul Allen’s investment empire plans to sell the buildings housing the headquarters of online retailer Amazon.com Inc (AMZN.O) in Seattle. Allen’s Vulcan Real Estate, part of his Vulcan Inc […]

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Michigan residential real estate market looking better as home sales and …

Michigan residential real estate market looking better as home sales and …News from MLive.com: MLive File PhotoStatewide, the number of homes sold jumped 14 percent in July compared to one year earlier, while the average sale price rose nearly 7 percent, according to data from the Michigan Association of Realtors. LANSING, MI — Recent data […]

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House Hunting in … Spain

House Hunting in … SpainNews from New York Times: FOUR-BEDROOM VILLA WITH A GUEST HOUSE ON SPAIN’S COSTA BRAVA $ 2.47 MILLION (1,990,000 EUROS) This four-bedroom villa, built in the 1950s and expanded in the 1990s, was originally a one-story fisherman’s house. It overlooks the Mediterranean and the bay of La Fosca on Spain’s Costa […]

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China Life: To Boost Real Estate, Infrastructure Investment

China Life: To Boost Real Estate, Infrastructure InvestmentNews from Fox Business: China Life Insurance Co. (2628.HK), the world’s largest life insurer by market value, will boost its investment in the real estate sector and major infrastructure projects for higher returns, Chairman Yang Mingsheng said Wednesday after the company reported a 26% drop in first-half net […]

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MTC’s real estate deal likely legal but financially risky, says state auditor

MTC’s real estate deal likely legal but financially risky, says state auditorNews from San Jose Mercury News: SACRAMENTO — The Metropolitan Transportation Commission’s use of $ 180 million in bridge toll money to purchase a downtown San Francisco office building was likely legal but exposes taxpayers to unknown financial risk, concluded the state’s top auditor. […]

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Making Seaport District Silicon Valley east

Making Seaport District Silicon Valley eastNews from Boston.com: As a real estate investor, DivcoWest made its name in Silicon Valley, buying and developing properties that house some of the nation’s most prominent technology firms, including Apple Inc. and cellphone maker Motorola. Now it is trying to replicate that tech success in the Boston area by […]

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Real Estate: New York investment group buys 900 DFW units

Real Estate: New York investment group buys 900 DFW unitsNews from Fort Worth Star Telegram: By Sandra Baker sabaker@star-telegram.com Five Tarrant area town-home developments have been bought by a New York-based real estate investment group. Altogether, the deal included seven properties totaling more than 940,000 square feet and 900 units in Dallas-Fort Worth. In Tarrant […]

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New records for Hong Kong real estate

New records for Hong Kong real estateNews from MarketWatch: HONG KONG (MarketWatch) — As Hong Kong property again sets new highs, it’s getting harder to find any conventional yardstick to make sense of these stretched prices. After a late summer spurt in transactions sent the Centa-City leading index to a new record, last Friday came […]

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Market stalls turn into prime real estate in fight between Jews, Palestinians …

Market stalls turn into prime real estate in fight between Jews, Palestinians …News from Washington Post: HEBRON, West Bank — Four stalls in a trash-filled, abandoned outdoor market have turned into hotly contested real estate in the center of biblical Hebron where several hundred ultranationalist Jewish settlers are wrestling with Palestinian residents for control, house […]

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