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DETROIT-Detroit homeowners are adopting a new strategy by renting out their properties to repay their mortgage loans due to sluggish demand for the purchase of real estate.
BALTIMORE-Bankruptcy hit department store Boscov's, former store buildings at Owings Mills Mall in Baltimore County and White Marsh Mall in Marley Station, Glen Bernie, are heading towards a foreclosure auction on 13th September 2010.
NEW YORK CITY-With the real estate market in the US continuing in a slump, hotel and restaurant developer Sant Singh Chatwal has announced plans to expand his empire starting with the launch of an 83-room luxurious Chatwal brand hotel in the Theater District.
WALNUT CREEK, CA-The battle between commercial real estate brokerage houses, Colliers International and Grubb & Ellis, continues to rage on with Grubb & Ellis launching an offensive by poaching some of Colliers' brokers in April.
MAITLAND, FL-United Midwest Savings Bank, an Ohio-based bank, has sold a 4,800 square-foot industrial condominium, which includes 720 square feet of showroom/office area to Legend Express Inc. USA for $272,500.
CROTON-ON-HUDSON, NY-The Croton Community Nursery School, a not-for-profit school, has proposed a revised plan to quiet criticism lashed out at the school over its previously proposed plan to convert a 10-acre property in Lower Highland Place near Lounsbury Road.
NEW YORK CITY-New York is getting ready to witness a significant wave of skyscraper development, with last week's approval from the City Council for the construction of an office tower close to the Empire State Building, the latest reminder.
WESTLAKE VILLAGE, CA-Genesis Capital Mortgage Fund, a private money lending company, has made huge profits from the collapsed housing market by lending money to trusted developers and builders to acquire distressed developments in volume.
LONGWOOD, FL-Cotter-Ryan Commercial LLC has renovated the 3,500-square-foot Aloma Cinema Grill and Draft House in the Publix Shopping Center on Aloma Avenue, Lakemont, Winter Park.
TAMPA, FL-Grubb & Ellis commercial Florida has negotiated a sublease for 4,000 square feet Class A office area at 100 N. Tampa Street tower in downtown Tampa.