Articles About Residential

Author:
Matt Ward
Posted:
05.27.2010

Foreign Governments Paying Cash for Pricey Manhattan Real Estate

Foreign governments are a growth engine for New York City commercial and residential real estate at a time when many cash-strapped European nations are facing financial crises.  For example, Sri Lanka’s Permanent Mission to the United Nations has $8 million to spend and is looking at Manhattan office space.  Laos recently paid $4.2 million in […]

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Author:
Tom Silva
Posted:
05.24.2010

A. J. Robinson: 10 Minutes on Revitalizing Downtowns

Urban cores with challenging infrastructure issues are not getting the right attention from government, so planners are creating their own public/private partnerships to obtain funding from various city sources to pay for necessary upgrades.  And, according to A. J. Robinson, President of Central Atlanta Progress (CAP) and the Atlanta Downtown Improvement District (ADD), his organization […]

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Author:
Tom Silva
Posted:
05.20.2010

Downsizing Detroit

Detroit is undergoing a radical downsizing – the most ambitious urban makeover in American history – that will shrink the city’s current 139-square-mile footprint to approximately half that size as abandoned neighborhoods are consolidated and returned to productive farmland. Mayor Dave Bing, a former Detroit Pistons player and All Star, is determined to shrink the […]

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Author:
Mike Ochs
Posted:
05.18.2010

Residential Sector Delivers Positive News

The latest numbers on housing starts, new home sales and rising prices indicate that the residential recovery is for real.  Because the housing crash was a primary cause of the Great Recession, word that the sector is rebounding is good news.  Housing permits and starts have increased in the last several months, and new house […]

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Author:
Mark McDowell
Posted:
05.17.2010

Chicago Is Greening its Roofs

Ten years after Mayor Richard M. Daley ordered a roof garden planted on top of Chicago’s City Hall, the city has 500 green roofs downtown and scattered throughout its neighborhoods.  According to Department of Environment spokesman Larry Merritt, green roofs cover approximately seven million SF, although that represents less than one-tenth of one percent of […]

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Author:
Mark McDowell
Posted:
05.07.2010

London’s Strata Tower Design Incorporates Wind Turbines

A 43-story residential tower in south London’s Elephant & Castle neighborhood will receive eight percent of its power from three wind turbines  installed at the top of the structure.  The Strata Tower – nicknamed the Electric Razor – is being developed by Brookfield Europe and eventually will be home to 1,000 residents. The Strata is […]

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Author:
Mike Ochs
Posted:
04.21.2010

Bank of America Throws a Lifeline to Underwater Homeowners

Bank of America (BofA) is taking steps to write down mortgage principal owed by thousands of underwater homeowners in what has been termed “the mortgage industry’s boldest move yet” to resolve the nation’s foreclosure problem.  Bank of America can well afford the initiative. According to Betsy Graseck, a Morgan Stanley analyst, the ultimate cost of […]

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Author:
Tom Silva
Posted:
04.05.2010

Obama Administration Rolls Out New Program to Help Underwater Homeowners

The Obama administration has announced a new initiative to assist troubled homeowners by helping them refinance with government-backed mortgages that cut monthly payments.  The program would also temporarily reduce payments for unemployed borrowers who are actively job hunting.  The government is encouraging lenders to write down the value of loans for borrowers participating in modification […]

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Author:
Mark McDowell
Posted:
03.30.2010

House Built of Old Tires Searching for a Mortgage

Families looking to refinance their mortgages don’t face quite the uphill battle that Jon and Laura Hagar have in their search for the right lender.  That’s because the Hagars’ house in rural Hot Sulphur Springs, CO, is made of 17,000 old tires.  The Hagars’ 2,700 SF house is built of stacked tire bales – five-foot-wide […]

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Author:
James I. Clark III
Posted:
03.29.2010

TARP’s Price Tag: $109 Billion

The Congressional Budget Office has determined that the Troubled Asset Relief Program (TARP) will cost the government $109 billion – just 16 percent of the $700 billion set aside to rescue the nation from the great recession.  Insurance giant AIG and the auto industry are TARP’s largest beneficiaries. The federal government bought $40 billion in […]

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