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Atlantic City was on the brink of bankruptcy just a few years ago — but it's...
Atlantic City, New Jersey suffered dire financial troubles after a wave of casino closures in 2014. The city avoided bankruptcy after the state intervened, which primed the city for a comeback.Two new...
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New York City foreclosures are back to financial crisis levels
Foreclosure rates in New York City are climbing to heights not seen since the recession.There were 920 NYC foreclosures in the first quarter, up a 31% year-over-year.The number of foreclosures in the...
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Luxury homes are getting more expensive
Interest rate hikes are adding a significant amount to the cost of a luxury home.Mortgage rate increases are adding hundreds of dollars per month.Incremental increases in mortgage rates are adding...
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Wealthy people are moving into wealthy cities and out of poorer ones
Wealthier people are moving into cities like NYC, Miami, and LA.Cities like Detroit and Cleveland are experiencing the opposite trend.Pricey American cities are starting to attract more residents who...
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Brownstone Brooklyn home prices fell off a cliff in the first quarter
The median home price in Brownstone Brooklyn fell more than 11% year-over-year in the first quarter.The Financial District saw a big drop in home sales. Hospitals have emerged as one of the largest...
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The housing market is scarily competitive
Not only is housing construction slipping, pushing supply down, but demand is taking off too. Home prices are heading nowhere but up. Homes are on the market for short periods of time, meaning buyers...
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Rents are going up in almost every city Amazon is looking at for its 2nd...
Rents are increasing in almost all cities that Amazon is looking at for its second headquarters.Nashville and Denver would see the largest price increases if they won the sweepstakes in the competition...
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Cynthia Nixon is the 'nightmare scenario' for New York real estate
Cynthia Nixon is running for New York State Governor.She is anti-Cuomo on real-estate.A real estate expert says her stance against private investment in real estate could be really bad for the...
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LeBron James and Arnold Schwarzenegger own part of Bill Ackman's office...
LeBron James and Arnold Schwarzenegger also invested in Georgetown Company. Georgetown also got an investment from music mogul Jimmy Iovine and Boston Red Sox chairman Tom Werner.A group of celebrities...
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New York City is the priciest city to build in the world — and it's not...
The average cost to build a new structure in NYC is $362 per square foot. An additional 3.5% to that cost is expected in 2018. San Francisco is second to NYC in cost to build. Though construction...
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Homeowners are increasingly saying now is the best time to sell a home — but...
Though homeowners agree that this is the right time to sell, especially given the favorable prices, only a small share of homeowners have listed their home for sale. High borrowing costs and...
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One of the world's largest real-estate firms has been trying to go public for...
Cushman and Wakefield has been speaking with bankers and advisors to go public for a few years. An initial public offering could be slated for third-quarter 2018.Cushman & Wakefield is gearing up...
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People are flipping houses at the fastest pace in 6 years
House-flipping hit its fastest pace in six years. New York and Miami real-estate markets led the way. The average gross profit from flipped houses hit its highest point since 2000. Flipping houses,...
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Kanye West wants to be 'one of the biggest real estate developers of all time'
Kanye West has been working on a prefabricated affordable housing scheme.He said in a recent interview he wants to build a real estate empire. He wants to be "one of the biggest real estate developers...
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Golf courses could turn into lucrative real-estate projects
Golf courses that aren't in use anymore could be great building cites for real-estate developers. They're open for development by nature, surrounded by wealth, and therefore in demand. With about 10...
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Bernie Madoff's old homes have been soaring in value
Bernie Madoff's homes have risen in value since he confessed to his crimes. The increases have nothing to do with his scandal, and can mostly be attributed to renovations. Since Bernie Madoff went to...
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The cheap rents that some New Yorkers enjoy could be about to change...
A decision Tuesday could change rent-stabilized units drastically. This would be an unprecedented development for NYC Mayor Bill De Blasio's administration. Building owners are proposing rent...
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Soaring New York City rents are causing fast-food chains to close stores
Pret A Manger announced it's closing three Manhattan locations. Panera Bread also closed some locations. Rent prices are skyrocketing. British grab-and-go food chain Pret A Manger announced Friday it...
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Warehouses are running out of space
Warehouse availability dropped 7.2% in the second-quarter. It's at the lowest level since the dot com boom. It's fallen for 32 consecutive quarters. REITS are reap ping the benefits. Warehouse space is...
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Atlantic City was on the brink of bankruptcy just a few years ago — but it's...
Atlantic City, New Jersey suffered dire financial troubles after a wave of casino closures in 2014. The city avoided bankruptcy after the state intervened, which primed the city for a comeback.Two new...
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