Treasury Secretary Paulson Pleased Housing Bill Passed House Quickly
After the U.S. House of Representatives passed a housing bill including provisions for the creation of a new GSE regulator and a liquidity backstop to help the beleaguered Fannie Mae and Freddie Mac, U.S. Treasury Secretary Paulson expressed his gratitude for the bill having passed quickly. “As I have said […]
Seattle Development Site Acquired for $4.1M
Private investors Ron and Edel Amundson purchased former KFC property at 1001 E. Pine St. in Seattle from Porterfield Development LLC and Strickland real estate Holdings LLC for $4.15 million. The partnership has held the 16,320-square-foot parcel…
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Another View on the Bubble-No Bubble Coin Toss
Glenn Roberts, Jr. of Inman News today quotes from findings of the Anderson Forecast, an economic report out of UCLA. According to the report, housing is more likely to head for a crash rather than the gradually deflating balloon we’ve all be hearing about lately. For more, check out the article ( subscription required) at http://www.inman.com/hstory.aspx?ID=53488
Problems When the 1031 Tail Wags the Dog
Here’s an interesting article about what happens when investors, in their zeal to meet the stringent time requirements of a 1031 exchange, invest in properties in areas they’re unfamiliar with and do so without their usual degree of due diligence. http://www.realestatejournal.com/buysell/markettrends/20060615-hagerty.html?refresh=on
Centro Properties Receives Buyout Bids
At least five suitors — including Citadel Investment — are looking to buy the cash-strapped retail-property firm. 3 Bedroom Townhouse for lease .Price - 1200.00 […]
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