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Friday's Real Estate Headlines August 12, 2011

Friday's Headlines

August 12, 2011

NY Times

The No-Surprises Move
MOVING your worldly possessions to a new home is always fraught with potential complications, but in New York City, seemingly simple tasks like packing, parking and unloading are complicated by street-cleaning regulations, unexpectedly narrow doorways and rules about using the elevator.

Borrowing in Retirement
HOUSEHOLDS headed by people 65 and older make up the largest segment of the population of homeowners in this country, and many of them will continue to make home purchases in or near retirement — in many cases, trading in a larger suburban house for a smaller apartment or town house in a more urban area

When Agents Play Two Roles
DO you know whom your broker is really working for? The natural assumption is that the agent is working for you, but the situation may not be that simple. There are seller’s agents, buyer’s agents, broker’s agents, dual agents and even dual agents with designated sales agents — which all sounds more like the cast of characters in a spy film than people involved in a real estate transaction.

A Modernist Community Lets in the Traditional
THE impresario Harry J. Brown Jr. approached Richard Meier a decade ago about enlisting the help of a group of similarly renowned architects in building the Houses at Sagaponac, a community of 32 modernist homes on wooded one- to two-acre lots north of Montauk Highway here.

Daily News

Affordable, eco-friendly Bronx senior housing sets example
It’s not what you expect to see on a side street in Bedford Park. Fronting a full block on 198th St. off Bainbridge Ave. near fried chicken shops and fruit stands, Serviam Gardens is a giant brick structure that could be the most innovative, eco-friendly and successful model for senior affordable living in the U.S.A

Crain's

Meatpacking district draws Levi's
Popular stores in the Meatpacking district are driving up rents. Asking rents are between $400 and $500 a square foot in July, compared to an estimated $75 a decade ago, says Real Estate Board of New York.

NY Post

GEORGE SOROS' GIRLFRIEND TAMIKO BOLTON AND THE EX SUING HIM ...
.. Europe. Bolton still lives in Apartment 7C, the one Ferreyr says she chose
after months of real-estate searching. She learned ...

PRINCIPAL OBJECTION: AGS IN STANDOFF OVER MORTGAGE SETTLEMENT ...
AGs in standoff over mortgage settlement. ... Mounting mortgage losses and
litigation already are taking their toll on banks' financial results. ...

Observer

On the Market: 25 Broad Bounces Back; Garbage Dwelling Man Reemerges; Oldest Bagel Shop Closing

Wall Street Journal

Downtown Building Is Revived
A huge downtown building that sat empty for more than a decade has come back to life as a rental property

A Lodge in Oklahoma
STATS: A 9,507-square-foot house with five bedrooms and five full baths and two half-baths on 102 acres asking $6 million, or $628.48 a square foot. The asking price was recently lowered from $7 million. Property taxes in 2010 were $13,047

Living Architecture in Europe
As Europe continues to battle economic and environmental gloom and doom, nations across the continent are re-evaluating how to build the cities of tomorrow with tight budgets and green mindsets

Appraisals Weigh Down Housing Sales
One of the conclusions from the housing bust: The appraisal system was broken. One of the conclusions from the struggling recovery since then: The appraisal system is still broken, but in a different way

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