O.J. Simpson Faces Foreclosure on Florida Home
O. J. Simpson, the former football star who gained notoriety during a 1995 murder trial, is facing foreclosure on his Florida home.
IBTimes 1000: Top 6 Fastest Growing Real Estate Companies
The top six fastest growing real estate companies mirrored the state of development around the world. As the U.S. and Europe languish, recovering from a glut of pre-recession overdevelopment, Asia, India and the Middle East have seen a construction boom
Building New York: SOM Reshapes Roosevelt Island
Robert Duffy of SOM is leading the design of Cornell's new campus at Roosevelt Island, which aims to be one of the most sustainable in the country.
W.J. Deutsch & Sons Globalizes Wines and Spirits
W.J. Deutsch & Sons, Ltd. has worked with a variety of foreign companies in the past three decades, growing with the globalization of drinks.
U.S. Mortgage Rates Fall to New Record Low of 3.89 Percent: Freddie Mac
U.S. 30-year fixed-rate mortgage rates fell to a new record low of 3.89 percent in the week ending Jan. 12, according to Freddie Mac.
Bloomberg to Revive Kingsbridge Armory Redevelopment
Mayor Michael Bloomberg will announce a revived effort to redevelop the long-vacant Kingsbridge Armory in the Bronx during his State of the City speech on Thursday, Crain's reported.
U.S. Homebuilder Stocks Rise as Lennar's Orders Jump 20%
Stocks of major U.S. homebuilders rose on Wednesday after Lennar Corp. reported a 20 percent increase in home orders in the fourth quarter.
MetLife Buys Luxury Rental Building EnV in Chicago
MetLife Inc. has purchased EnV, a 249-unit luxury rental tower in Chicago, the insurance company announced on Wednesday.
U.S. Mortgage Applications Increase in First Week of 2012: MBA
U.S. mortgage applications increased 4.5 percent on a seasonally adjusted basis in the week ending Jan. 6, according to the Mortgage Bankers Association (MBA).
Michael Williams, CEO of Fannie Mae, Resigns
Michael Williams, CEO of mortgage giant Fannie Mae, is resigning, the company announced on Tuesday.
Silver Mining Stocks Rise, Outpacing Market
Shares of silver mining companies rose on Tuesday as the price of the metal jumped, outperforming the rest of the market.
U.S. Government Seeks to Sell Foreclosures as Rentals
The federal government will soon begin selling government-owned foreclosed properties in bulk to investors as rentals, in a new effort to dispose of its growing portfolio of distressed properties.
U.S. Office Leasing Strengthens to Four Year High: Cushman & Wakefield
The U.S. office market improved in 2011 to highest leasing level in four years, according to real estate brokerage Cushman & Wakefield.
18 States' Hurricane Vulnerability Ranked in Building Code Study
Eighteen coastal states have varying degrees of protection against hurricanes, according to the Insurance Institute for Business & Home Safety.
Freddie Mac Extends Payment Delays for Unemployed
Freddie Mac, the large federally controlled mortgage guarantor, announced that it would allow unemployed borrowers to delay mortgage payments for up to 12 months under a new plan.
Building New York: Visions for the Future at Javits, Aqueduct
New York Gov. Andrew Cuomo's new plan to sell the Jacob Javits Center and build the largest convention center in the country at the Aqueduct Racetrack in Queens is an urban upheaval on a scale that evokes the legacy of Robert Moses, the parks commissioner who shaped the city in wide swaths in the middle of the last century.
15 Central Park West Condo Sells for $21 Million
15 Central Park West's Unit #28D has sold for $21 million, according to city records, representing the very top of the Manhattan real estate market.
Canada's Claude Resources Poised to Acquire St. Eugene
Canadian mining company Claude Resources Inc.'s proposed acquisition of St. Eugene Mining Corporation Limited will be voted on at a St. Eugene shareholder's meeting on Jan. 17. , the companies announced on Friday.
TIAA-CREF Buys Manhattan Retail Condo for $44.73 Million
The Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF), the large pension fund manager and institutional investor, has purchased a retail condo in Manhattan's 225 West 83rd Street for $44.73 million, according to city records.
Lehman Battles Bank of America, Barclays Over Archstone Sale
The estate of Lehman Brothers is battling Bank of America and Barclays in court over the sale of Archstone, the large multifamily housing landlord that real estate mogul Sam Zell's Equity Residential is seeking to buy.
U.S. Apartment Vacancies Decline to 2001 Levels: Reis
U.S. apartment vacancies dropped to 5.2 percent in the fourth quarter, a 10-year low, as more Americans chose renting over buying, according to real estate research firm Reis.
Two Deaths in 2 Separate South African Gold Mines
Two South African gold mining companies have reported workers deaths.
Toyota's '11 U.S. Sales Top Forecast, India Sales to Jump 32% in '12
Toyota Motor Sales, U.S.A., Inc. reported sales of 178,131 cars in December, up 0.4 percent from 177,488 cars from a year ago. Sales beat forecasts by analysts polled by Bloomberg, who had predicted an average 1 percent drop in sales.
U.S. Mortgage Rates Tumble to Record Low of 3.91 Percent
The average U.S. 30-year fixed-rate mortgage rate dropped to 3.91 percent, matching an all time low, in the week ending on Dec. 5, according to Freddie Mac.
Foreclosure Reforms, Rental Shift to Aid Housing: Fed
The Federal Reserve released a report on Wednesday that called for changes to foreclosure processing and an expanded role for Fannie Mae and Freddie Mac to bolster the still-struggling U.S. housing market.
Planners, Locals React to Cuomo's Convention Center Plan
New York Gov. Andrew Cuomo's plan for a 3.8 million square foot convention center at the Aqueduct Racetrack in Queens, N.Y. was met with approval from one local non-profit planning group, while the local community board said it awaited more details on the project.
U.S. Mortgage Applications Closed 2011 with a 3.7% Drop: MBA
U.S. mortgage applications fell 3.7 percent in the week ending Dec. 30, compared to the week ending Dec. 16, according to the Mortgage Bankers Association (MBA).
U.S. Office Market 2012 Outlook 'Sluggish,' Despite Improvements in 2011
The U.S. office market improved in 2011, but continued growth in 2012 is expected to be slow, according to two separate reports released on Tuesday.
Manhattan's Jarmulowsky Bank Building Sells for $36 Million, Hotel Conversion Likely
54 Canal Street, the former site of Jarmulowsky Bank in Manhattan, has sold for $36 million, according to city records.
2011: The Year of Esports
With the proliferation of cheap and fast video streaming, passionate fans, and eager corporate sponsors, electronic sports may be poised to become a standard ingredient in the global entertainment mix -- although the budding industry still faces a few challenges.