Dec 9th 2009 4:00PM
What's ailing commercial real estate? Imagine if the fixed-rate loan on your house had just a seven or ten-year term and ended in a massive balloon payment. That's the story for most commercial properties. Look around: if there's an office tower or apartment complex, chances are it was financed with a loan that ends... Continue Reading »
Dec 9th 2009 2:00PM
A pair of New Yorkers living in a 175-square-foot studio might just be the wave of the future. Zaarath and Christopher Prokop don't cook in their own kitchen. They "store" most of their clothes at dry cleaners. A cappuccino machine is their only kitchen appliance, and a cat-gym and a queen-sized bed are almost the only... Continue Reading »
Dec 7th 2009 4:40PM
Reclusive Swiss architect Peter Zumthor has been lured out of his Alpine hideaway for the bright lights of the big city, and Los Angeles may never be the same again --- if the projects he has secured in the city ever get built. First came word from the Architect's Newspaper that Zumthor would redo part of the sprawling... Continue Reading »
Dec 7th 2009 3:00PM
As WalletPop reported recently, property investors buying foreclosures are flocking to get a boost from U.S. Department of Housing and Urban Development's Housing Choice Voucher program, better known as Section 8. Low-income tenants approved to receive the vouchers typically have to spend no more than 30 percent of... Continue Reading »
Dec 7th 2009 2:00PM
Last February, President Barack Obama promised to help 9 million homeowners stay in their homes. How many have been helped today? Only about 650,000 have been offered trial modifications and a small percentage of those received permanent modifications. No numbers have been released about how many got help with... Continue Reading »
