Posts with tag commercial real estate

Bank of America Plaza to Sell at Foreclosure Auction

In today's post-bubble housing market, it's not uncommon for landmark buildings to fall into foreclosure. But this Atlanta tower is noteworthy for two reasons – it's the tallest skyscraper in the Southeast, and its sale smacks of irony. The Bank of America Plaza, the 55-story skyscraper where BofA still holds... Continue Reading »

Retail's Afterlife: The Mall-ification of the American Church

By Alice Hines Stroll through White Oaks Mall in Springfield, Ill., and you'll see the usual suspects: Spencer Gifts, Panda Express, Gap Kids (GPS). If you're preoccupied, you might not even notice iWorship. The low-key illuminated "iWC" sign, flat-screen TV, and a welcome banner splashed with what look like '90s-era... Continue Reading »

Chelsea Hotel Going Condo?

New York City's Chelsea Hotel going condo may cause as much of an uproar in the arts community as the closing of CBGBs did in the punk community. But at this point, the legendary literary landmark and residential hotel seems destined for a decidedly staid future. In a recent New York Post article, several possible... Continue Reading »

Homebuyers Hit by Commercial Real Estate Slide

Maybe you've considered refinancing your mortgage with a loan from a smaller bank. Well the next time you go to visit, the sign on the bank window may say "closed." That's because many small and regional banks are under serious pressure from the growing troubles in commercial real estate. Three more banks failed this week... Continue Reading »

Massachusetts' Most Expensive Home, Ever: Is It Worth It?

The luxury property market in Massachusetts just got a whole lot more luxurious. A nine-acre property on Cohasset Harbor, on Boston's South Shore, was listed this past week for $55 million. While the 20,000 square-foot-mansion, called The Oaks, is pretty spectacular on its own, the reason for the steep price tag is that... Continue Reading »

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