In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — to receive future In the Pipeline columns by e-mail.
Brooklyn Tower Expected to Break Ground Late This Year
The Hub, a residential tower rising more than 50 stories in Brooklyn, NY, to be developed by Douglas C. Steiner, is expected to break ground in the fourth quarter. Read all post…
Greater Toronto Area housing statistics for the month of January have been published. If you are wondering whether the first month of 2012 was as successful as a great part of 2011, here is the answer: last month, Greater Toronto REALTORS® reported 4,567 sales through the Toronto MLS® system — an increase of 8.8 per cent from the 4,199 homes sold in January 2011!
Just as expected, the average price for a home rose significantly over the year, up 8.9 per cent from the $425,762 recorded in the first month of 2011 to the $463,534 seen last month. Similarly, the number of new listings went up by a very nice 8 per cent, from 8,937 to 9,655. On the other hand, active listings saw a year-to-year decline, falling by 8 per cent from 12,107 in January 2011 to 11,009 last month.
Simply put, 2012 has begun just as successfully as 2011 had finished. The
The first 10 listings of Short Sale homes for sale Danville CA, sorted by newest listing date first, are displayed below.
Showing properties 1 – 10 of 26.
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Many adjustable rate mortgage (ARM) loan interest rates are tied to the London Interbank Offered Rate (LIBOR) and that rate has recently gone up.
Q: My mortgage is adjustable, tied to the one year LIBOR. Up until the last few months, that was a good thing and my interest rate stayed very low. But lately, that’s not so much the case. My interest rate has been rising a bit, even though the U.S. Treasury rate has stayed extra-low.
My interest rate does not reset again until next September, but I cannot help but notice that this LIBOR has gone thru the roof since last August. Is the European crisis causing this? A
Representatives of the Obama Administration have been accusing banks and lenders of failing to properly refinance mortgage loans that would allow tens-of-thousands of homeowners to remain in their houses.
A lawsuit has been filed against the five largest mortgage servicers, in the first government lawsuit against them for alleged improper foreclosure practices including robo-signing.
The banks included in the suit are Bank of America, J.P. Morgan Chase, Wells Fargo, Citigroup, and Ally Financial.