A prime development site in downtown Seattle has been sold by developer Larry Benaroya for $20.6 million to an investment partnership that includes Firoz Lalji, chief executive of publicly traded Zones Inc. in Auburn.
On Tuesday, the City Council approved a series of regulations that will impose tighter restrictions on developers looking to convert rental apartments into for-sale condominiums in San Diego.
If you used an interest-only or so-called "option" mortgage to stretch into an unaffordable house in the last year or two, you could be facing some dark times.
In Detroit, a mortgage scam has surfaced and targets senior citizens. Last Wednesday, the Wayne County Prosecutor announced the arrest of a suspected scam artist accused of ripping off dozens of homeowners.
Giuseppe Cipriani, who runs glitzy catering halls and restaurants in New York, will lend his name to the shuttered Saxony Hotel, which is being transformed into a condominium complex and a 170-room condo-hotel.
On Tuesday, The New York Times Co. announced that it will launch a real estate magazine this fall and will be distributed in the Sunday edition of its flagship newspaper.
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