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For the past two years, New York was considered the top city for global real estate investors. This past year, New York was replaced by Washington, D.C., according to the investing trade group AFIRE. This is no surprise, considering the growth of...
Significant (virtual) ink has been spilled about Stuyvesant Town and its owners’ failed plans to turn a profit. Lost in the mix has been coverage of attempts by other developers to achieve the same goals for less expensive buildings.
Exhibit A: The...
If Multifamily Investor is even asking the question, then you know the number has to be very low. How low?
A) Zero
B) One
C) Two
D) One Percent
The answer is A, Zero!
Why?
1. Interest modifications may not be enough to make a difference for a...
One of Multifamily Investor’s favorite topics is New York Congressman Charlie Rangel. For the greatest hits, click here: Part I, Part II, Parts III & IV, Part V, Part VI, Part VII.
This week’s NYT reports that his colleagues are shunning him, and the...
For Part I, click here. For Part II, click here.
The answer to the above headline is: No.
The U.S. real estate arm of billionaire diamond merchant Lev Leviev’s Africa Israel Investments has tentatively agreed with creditors to restructure its...