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Tuesday's Real Estate Headlines August 23, 2011

Tuesday's Headlines

August 23, 2011

NY Times

Romney's Home Rebuilding Plan Draws Attention
But the news that he is planning to quadruple the size of his $12 million oceanfront property in the La Jolla section of San Diego, first reported by The San Diego Union-Tribune on Saturday evening, came at a particularly awkward time. Mr. Romney, a former Massachusetts governor, had spent much of the previous week on the campaign trail criticizing President Obama for vacationing in Martha’s Vineyard when many Americans are still out of work.

The Appraisal: Losing a Neighbor, and a Link to a Building’s Past
Back around 1943, when Rachael Klaussner moved into 200 East 26th Street, an Art Deco rental building of studio and one-bedroom apartments at the corner of Third Avenue, she got to know a woman she later could remember only by her last name, Slotsky.

Crain's

The RED Wrap: Housing’s bad vibrations
For years, the mantra for many Americans was something like: Nobody ever lost money on their house. Now the opposite almost seems true—everybody’s losing money on their house.

Stocks open higher for second day in a row
Stocks are slightly higher in early-morning trading, as economists anticipate a Commerce Department report will show that the number of new-home sales increased in July.

Toys R Us to open 21 new stores this year
The toy retailer plans to open 11 "R" superstores, which include both full size Toys R Us and Babies R Us stores, and 10 stores that will feature smaller versions of the two concepts.

NY Post

ALL IT 'PORT AUDACITY': AGENCY CAN TAKE A HIKE - NYPOST.COM
.. The Port Authority should get out of real estate and sell the WTC site
to a private entity. The transportation hub there should ...

RON BURKLE LOOKING TO TAKE OVER AMERICAN APPAREL'S DEBT ...
... firm, Yucaipa, but rather by backing an offer from Jason Taubman Kalisman,
a 30-something heir to the Taubman real-estate empire, sources said. ...

THE NEXT DEBT BUBBLE: COLLEGE LOANS - NYPOST.COM
... Tuition costs have more than doubled since 2000, far outpacing the inflation
rate -- even surpassing the bubble-fueled growth in real-estate prices. ...

WEIRD BUT TRUE - NYPOST.COM
.. A real-estate agent in Sweden is offering a house that includes a tomb
with its skeleton visible through a glass panel. The ..

SUGAR DADDY'S WILL LEAVES MILLIONS TO ACCUSED WIFE-KILLER KASHIF ...
... At one point, irked at Marguerite for balking at the idea because of the flailing
real-estate market, the frustrated Parvaiz barked at his handicapped ..

JAMIE FOXX BRINGING BACK “SHOWTIME AT THE APOLLO” - NYPOST. ...
.. the Hamptons benefit at Ronald Perelman's East Hampton estate Saturday
night ... Brad and Angie selling Malibu love den; 'Real Housewives' hubby ..

COME AND MEET THE NEW 42ND STREET - NYPOST.COM
New life at 42nd & Sixth.

Observer

On the Market: Jeff Sutton Strikes Again; Greenpoint’s Grossly Industrial Chic Hotel; Red Light Rage

NYUck, NYUck: Spencer’s Gifts Proves Broadway Is Nothing More Than a Tacky Mall
Soho and Noho has become one of those places "real" New Yorkers loathe to visit, like Times Square and Canal Street.

Real Estate Agents Make Anne Hathaway Cry [Video]
Anne Hathaway was always cut out for romantic roles. Whether disrobing in Brokeback Mountain, Rachel Getting Married, Sex and Other Drugs or The Princess Diaries, the beaming beauty really knows how to tug at a guy's heart strings. And it all comes from a place deep in her heart, a 1997 commercial for Better Homes and Gardens realtors.

Wall Street Journal

Australian Property, Long an Outlier, Joins Decline
SYDNEY—One of the few bright spots in real estate amid a three-year global slump, Australia now faces falling home prices and fears of overbuilding.

Hong Kong Cathedral Sits on Pricey Site
St. John's Cathedral has a freehold on its Garden Road property, which means that it has a lease in perpetuity, as long as the land is used for ecclesiastical purposes.

Mortgage Delinquencies Rise
U.S. mortgage delinquencies rose in the second quarter, an indication of how the tough job market could cause new problems for housing

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