Brooklyn Real Estate News
Real Estate news for Brooklyn, NY continually updated from thousands of sources.
Friday Dec 12 | via The Real Deal
Sybil Goldrich was 19 years old in 1959 when she invested a "substantial" amount of her savings with Morton Olshan, an accountant who'd go on to become the patriarch of one of New York's top real estate families. Now, over half a century later, Goldrich is suing Olshan, his children and the real estate giant Olshan Properties for what she describes in a lawsuit as the family's "scheme to enrich themselves" at the expense of early investors who are losing money. Comment?
Thursday Dec 11 | via Natl. Relocation & Real Estate
Regional Spotlight-While constrained inventory and high demand in Manhattan will carry over from 2014, StreetEasy predicts Manhattan condo sales prices will increase at a considerably slower pace and the outer boroughs will offer the most inventory options for New York City buyers in 2015. For renters, however, Brooklyn will become the most unaffordable rental market in the city. Comment?
Thursday Dec 11 | via The Real Deal
A three-story Manhattan Beach mansion that sold for $7.8 million was the largest residential home sale in Brooklyn recorded in November, according to PropertyShark. A three-story, 3,500-square-foot Brooklyn Heights townhouse at 67 Cranberry Street - built in 1840 and last altered in 1971 - was next on the list, selling for $6.3 million. Comment?
Thursday Dec 11 | via National Mortgage News
The first listed Australian landlord of U.S. housing is hunting for rundown properties in the New York City area as prices hit new highs. The U.S. Masters Residential Property Fund owns A$545 million of single-family and multifamily properties in the New York metropolitan area, including in Brooklyn, New Jersey and Harlem, said Alan Dixon, chief executive officer of Sydney-based investment firm Dixon Advisory, which manages the fund. Comment?
Wednesday Dec 10 | via The Brooklyn Daily Eagle
The most photogenic house in Downtown Brooklyn, 167 Concord St., is a favorite with shutterbugs in search of picturesque properties. But they have to find the place first. Comment?
15 hrs ago | via DNAinfo.com
A clothing store that offers affordable dresses to teens and adults is set to open in Fulton Street Mall , targeting low- and middle-income New Yorkers, according to the real estate agent. Social Apparel chose the location in part to cater to clientele that might not be looking for higher-end clothing, according to the real estate broker that oversaw the deal. Comment?
Tuesday | via Newsday
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan declined to 4.10 percent from 4.13 percent last week. Above, a fore sale sign is seen outside a home in Walpole, Mass., in September. Comment?
Tuesday | via WSJV-TV South Bend
As 2015 inches closer, so do the questions on what the year may hold. The personal finance social network WalletHub got some insight from a panel of leading economic and finance experts on their predictions for 2015. Comment?
Sunday Dec 14 | via Venture Capital Access Online
NEW YORK & DENVER, December 15, 2014-- Aquiline Capital Partners LLC , a New York-based private equity firm investing in financial services, today announced that it has signed a definitive agreement to become the majority investor in LenderLive Network Inc. , a Denver-based, end-to-end mortgage services provider. Founded in 1999, LenderLive serves more than 300 financial institutions including a number of the world's largest commercial/investment banks and top-tier mortgage lenders. Comment?
Monday Dec 15 | via Floyd County Times
CIS Financial Services Inc. vs. Hollis Whitehead, also known as Hollis J. Whitehead and Hollis Jay Whitehead, and Deanna B. Simpkins-Whitehead. LSF9 Mortgage Holdings LLC vs. Roger Johnson, unknown spouse of Roger Johnson, and Brenda Johnson, also known as Brenda S. Johnson and Brenda Sue Johnson. Comment?
5 min ago | via Center for American Progress
As large companies purchase and make available for rent hundreds of thousands of homes that were vacated during the foreclosure crisis, a new issue brief from the Center for American Progress highlights how these single-family rental companies can build trust with communities and the public. "In light of the distrust many Wall Street investors face as a result of their perceived role in the housing crisis, single-family rental companies must now demonstrate that they can be good allies to renters and communities alike," said Sarah Edelman , Policy Analyst on CAP's Housing Finance and Policy team and co-author of the brief. Comment?
5 min ago | via Center for American Progress
Over the past three years, large investors have bought more than 380,000 homes that became available due to the foreclosure crisis. These investors now face a new challenge: building trust with the public. Comment?
7 min ago | via The Washington Post
Recent global economic concerns , including the Russian economic downturn , have sent investors fleeing for the safety of bonds. That, in turn, has caused bond prices to fall . Comment?
16 min ago | via KRCR
Edward O'Donnell, a former executive at mortgage lender Countrywide Financial, is set to collect a cool $57.6 million from Bank of America, for his role in exposing fraudulent activity at the firm. A federal jury ruled last year that Countrywide Financial, which is now owned by Bank of America, had defrauded government-backed firms Fannie Mae and Freddie Mac by selling them defective mortgages. Comment?
11 min ago | via TheStreet.com
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