New York's real estate hothouse feels a draft

Oct. 3, 2008

NEW YORK (Reuters) - New York City's famously overheated real estate market is shivering as the number of homes on the market reaches an eight-year peak and sales activity falls to its lowest level in five years

Don Ho estate focus of legal fight

HONOLULU, Nov. 15 (UPI) -- Attorneys representing the estate of the late Hawaiian singer Don Ho contending court filing that an estate settlement agreement must be honored.

Study: Warming could cost Calif. trillions

BERKELEY, Calif., Nov. 13 (UPI) -- A study released Thursday estimates around $2.5 trillion of California's real-estate value is at risk from climate change.

Commercial real estate 'faces worst year'

NEW YORK, Nov. 5 (UPI) -- Corporate downsizing has not only led to layoffs, but to downsizing of office space, cutting into the U.S. commercial real estate business, observers said.

AIG taps new commercial paper program

NEW YORK, Oct. 31 (UPI) -- U.S. insurer American International Group said its would tap into a third federal bailout option, bringing its total line of government credit to $144 billion.

GOP urges Obama real estate investigation

CHICAGO, Oct. 30 (UPI) -- The McCain campaign Thursday tried to dredge up a real estate deal that enabled Democrat Barack Obama to buy his Chicago mansion.

Colorado sanctions 20 on mortgage fraud

DENVER, Oct. 28 (UPI) -- The Colorado Division of Real Estate said it has sanctioned or fined 20 real estate agents allegedly involved in kickback schemes involving 105 home sales.

First lady's real estate success probed

CHICAGO, Oct. 19 (UPI) -- Illinois first lady Patricia Blagojevich's lucrative career as a real estate agent ended amid a federal corruption probe, the Chicago Tribune reported Sunday.

Woman accused of giving tainted cake

WEST HARTFORD, Conn., Oct. 13 (UPI) -- Police in West Hartford, Conn., say a woman allegedly poisoned her real estate agent with cake that was tainted with a substance that may have been marijuana.

Real estate loans spur Irish recession

DUBLIN, Ireland, Oct. 6 (UPI) -- A move by the Irish government to guarantee all $550 billion of the country's bank deposits is a consequence of reckless real estate lending, analysts say.

Major German bank close to collapse

BERLIN, Oct. 5 (UPI) -- The second-biggest mortgage lender in Germany appeared close to collapse after an effort to shore it up failed Saturday.

Ceyhan refinery on hold

CEYHAN, Turkey, Sept. 29 (UPI) -- The price of real estate in the Turkish port of Ceyhan put joint plans by Kazakhstan and Azerbaijan to build a refinery there on hold.

Washington Mutual stuck with bad loans

SANTA ANA, Calif., Sept. 21 (UPI) -- Troubled Washington Mutual Bank says it is cooperating in an investigation into its relationship with a family of Southern California real-estate flippers.

Suit alleges large Florida mortgage fraud

ST. PETERSBURG, Fla., Sept. 18 (UPI) -- Florida prosecutors filed suit against 10 companies and 15 people they say were involved in a $37 million real estate straw mortgage scheme.

Canadians snap up U.S. homes

GULFPORT, Fla., Sept. 5 (UPI) -- Canadians make up the largest portion of foreign buyers of U.S. homes, buying nearly one-quarter of them, a U.S. real estate trade association says.

Slain Phoenix broker's car found

PHOENIX, Sept. 4 (UPI) -- Phoenix police say a luxury car belonging to a prominent real-estate broker found dead this week turned up in Southern California Thursday.