Islandia Real Estate News
Friday Mar 27 | via LongIsland.com
March 27, 2015 - An indictment was unsealed today in United States District Court for the Eastern District of New York charging Jerry Campora, Jr., a resident of Setauket, New York, with eight counts of mail fraud. Campora was arraigned this afternoon before United States District Judge Joanna Seybert at the federal courthouse in Central Islip. Comment?
Friday Mar 20 | via Newsday
Neighborhoods across Long Island are battling an epidemic of blighted, abandoned houses as municipalities spend millions of tax dollars trying to maintain structures that fester with rats, mold, weeds and squatters. Long Island communities are littered with empty, neglected homes -- from small Cape Cod-style houses in Levittown, America's first suburb, to large Colonials in upscale Hamptons... Neighborhoods across Long Island are battling an epidemic of blighted, abandoned houses as municipalities spend millions of tax dollars trying to maintain structures that fester with rats, mold, weeds and squatters. Comment?
Tuesday Mar 17 | via Albany Times Union
The Empire Center is out with a benchmarking or ranking of property tax rates and they have found that based on each $1,000 worth of home value, Binghamton residents have the highest tax burden statewide. Part of that is due to the struggling city's low home prices, and what is likely a high overhead and school cost that plagues lots of upstate communities. Comment?
Monday Mar 16 | via Newsday
In Nassau County, homes sold for a median price of $408,500, up 3.5 percent compared to the previous February, according to a report Monday by the Multiple Listing Service of Long Island. The number of sales increased by 3.4 percent, to 662. Comment?
Monday Mar 16 | via Long Island Business News
The gap between rental costs and household income is widening to unsustainable levels in many parts of the country, with the worst situation in the New York metropolitan area, according to a study from the National Association of Realtors . Rents in the New York metro area increased 50.7 percent in the last five years, while the income of New York-area renters from 25 to 44 years old rose just 8 percent in that same time. Comment?
Friday Mar 27 | via The Washington Post
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Here's one sign that your rent is too high and you can't afford to buy a home: You live in a city that isn't building enough new houses and apartments to keep up with the pace of a growing population. Comment?
Friday Mar 27 | via Business Wire
The brokerage, which serves greater Albany with 10 offices and more than 300 agents, was a Top 50 company in the Prudential Real Estate network. Founded in 1922, Blake, REALTORSA is one of the region's oldest and most-respected real estate companies. Comment?
Friday Mar 27 | via Yahoo!
Police have searched the homes of co-pilot Andreas Lubitz in two German cities in search of an explanation for why he may have crashed a passenger plane into the French Alps, killing all 150 people on board. German tabloid Bild reported Friday that Lubitz had a "serious depressive episode" six years ago and that a medical problem was noted in aviation records. Comment?
Wednesday Mar 25 | via The Real Deal
From the March issue: The impact of free travel to Cuba for New Yorkers, Eddie Sitt sues his brothers and more in this month's roundup of real estate happenings. Comment?
Wednesday Mar 25 | via The Real Deal
Luigi Rosabianca, a prominent real estate attorney who specializes in representing ultra-high-net-worth foreign buyers, has been suspended from practicing law after a Manhattan court found there was evidence to suggest he mishandled client funds and that he refused to cooperate with an investigation. The decision to suspend Rosabianca, reached by the Appellate Division First Department on March 12, came after four separate clients complained to the Departmental Disciplinary Committee, which handles attorney misconduct, and Rosabianca failed to respond to any of the allegations. Comment?
4 min ago | via Forbes.com
I am the co-founder of JobStats and Real Time Macroeconomics LLC, a financial technology firm that provides real-time, high frequency macroeconomic indicators of movements in the labor market derived from aggregated web scraped online data. I previously worked as a client portfolio management senior analyst at Goldman Sachs Asset Management in their Quantitative Investment Strategies group, focusing on liquid alternative investments. Comment?
18 min ago | via Sunday Herald
ELLIOTT Advisors has re-iterated its stance that Alliance Trust has underperformed while the Dundee company's corporate broker suggested shareholders' patience will wear thin unless investment performance improves in the next few years. ELLIOTT Advisors has re-iterated its stance that Alliance Trust has underperformed while the Dundee company's corporate broker suggested shareholders' patience will wear thin unless investment performance improves in the next few years. Comment?
25 min ago | via World News Report
As some markets have stabilized and some declining including South Florida where the market was over flooded with "funny money." New York City is a prime location where new jobs are being created and the hub of the financial industry has strongly regained its footing since the "great recession" that started nearly 8 years ago. Comment?
42 min ago | via Xinhuanet
Prices of private residential property in Singapore fell by 1.1 percent in the first quarter of 2015, according to flash estimates using improved methodology released by the Urban Redevelopment Authority Wednesday. The estimated 1.1 percent decline marked the sixth continuous quarter of price decrease since the record hit high in September 2013. Comment?
43 min ago | via Castanet.net
A statement from the Getty family says a man found dead in a Hollywood Hills home is Getty oil fortune heir Andrew Getty. The statement says 47-year-old Andrew Getty died at the home Tuesday but provided no further details on the death. Comment?
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