Archive for December, 2006
Peter Cooper and Stuyvesant – The Back Story on a 5.4 Bl Deal
The New York Times Charles V. Bagli has an outstanding article on the genesis of the largest residential real estate deal of our time, the sale of Peter Cooper Village and Stuyvesant Town by MetLife to Tishman Speyer Properties. The deal was contested for by over 100 bidders and sold for 5.4 billion dollars. When [...]
31Dec2006 | Tom Royce | 1 comment | Continued
Real estate boom of ‘06 to gain momentum in ‘07
In India. Sorry, but I saw the headline and could not resist.
The booming real estate market will gain momentum and is likely to attract foreign investment worth Rs 8,000 crore in 2007, an Assocham study has said.
“The real estate boom of 2006 is set to multiply itself in 2007 to get India a [...]
St. Louis Suing a Convent, a Saint, a Nun and a Wheelchair Bound Senior
Ah, the greed of a developer and the threat of new laws aimed at stopping them. The St. Louis Redevelopment Agency in its eagerness to avoid following the legistlatures decision, rushed an eminent domain takeover lawsuit to remove property from a Wheel Chair Bound senior citizen who has a long term lease on a property [...]
30Dec2006 | Tom Royce | 0 comments | Continued
The Ranch House, One of the Greatest American Architectural Achievements?
While one may disagree that the ranch house is one of the great architectural achievements of the 20th century in America, I do, an interesting article in the Washington Post talks about the influence of future building styles that was created by the ranch house.
The ranch house is ubiquitous in surburban America. It does [...]
Yankee’s Buy Boston’s Hancock Tower
Not completely, but Boston’s famous Hancock Tower was sold to a New York company, Broadway Real Estate Partners, as part of a 1.3 billion dollar deal. If I was a Boston native, and a Red Sox fan, I would be less than thrilled to have New Yorkers owning their landmark building.
Beacon Capital Partners selling [...]
Selling Churches – When Getting Folks Into the Pews Fails, Selling The Property is Almost as Hard
An interesting article in the AP discusses the difficulties in selling churches after the congregation declines or the demographics of an area change. The balance of getting the right price and having the buyer use the building for purposes that the church deems acceptable are a tough balance. In a younger day I went to [...]
28Dec2006 | Tom Royce | 2 comments | Continued
Real Estate Market For Hispanics Growing
If you are a real estate agent, one of the growing demographics is the Hispanic housing market. Recent reports from DataQuick have show the growth in housing purchases by those with Hispanic surnames has grown dramatically in the past few years. While I am not saying enroll in a Spanish language course tomorrow, recent signs [...]
27Dec2006 | Tom Royce | 2 comments | Continued
Greedy Local Governments Starting To Pay Price
The greed of local governments as the tax money was rolling in knew no bounds. While professing to keep taxes down, the rising property values filled the coffers of local governments and their spending increased proportionally. Now as property values are not increasing and sales slow further reducing the transfer tax revenue, these same city [...]
26Dec2006 | Tom Royce | 3 comments | Continued
Christmas in America – A Montana House Raising
While the world tends to only report that bad, I found this wonderful story about a town rallying around a family who lost their house in a fire three weeks ago. Now they have new home and a new life.
Angels descended on Ken and Jodi Gardner’s piece of paradise last weekend, clad in Carhartt [...]
24Dec2006 | Tom Royce | 0 comments | Continued
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
