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Property
Russian billionaire buys most expensive apartment in NYCElise Knutsen The New York Observer 12/18/2011 | Realtors: We Overcounted Home Sales for Five Years CNBC 12/13/2011 |
 Dmitry Rybolovlev has been a busy man lately. He is in the middle of a bitter divorce that could cost him more than $6 billion (when finalized it will be the world’s costliest divorce), but he has still found the time and funds to buy a struggling AS Monaco soccer team and, it turns out, the most expensive home in the history of Manhattan real estate. Well-connected sources have confirmed to The Observer that the mystery Russian chemist behind the sale of Sandy Weill’s $88 million penthouse at 15 Central Park West is indeed Mr. Rybolovlev. |  Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought. |
Census: US housing bust worst since Great DepressionHOPE YEN AP 10/06/2011 | New York pips London in property investmentLucas Jackson Reuters UK 10/05/2011 |
 The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday. |  New York beat London to the top spot for global commercial real estate investment in the year to September 30, research showed, but both cities are facing rising bearishness from investors worried by the prospect of economic headwinds. |
The last resort: More and more Americans are calling long-stay motels home The Independent 09/02/2011 | New York court stalls second phase of Brooklyn arena projectJoan Gralla Reuters 07/13/2011 |
 A long way down the US housing ladder, beneath the grisly 'projects' of The Wire and the trailer parks hymned by Eminem, beneath the slums of New Orleans and the ghettos of Detroit, you'll find the long-stay hotel. Cheap, not very cheerful, and pretty much a last resort, these institutions provide four walls and a roof, for a few hundred bucks a month. It's some of the cheapest accommodation you'll find anywhere in the US, aside from a cardboard box. |  New York's Supreme Court on Wednesday stalled the second and much bigger phase of a huge arena-residential complex in Brooklyn, ordering an updated environmental review that includes public hearings. |
Snakes Force Family From Home, Into Bankruptcy CBS Denver 07/06/2011 | NY property-tax cap may hit cash-poor cities: reportJoan Gralla Reuters 07/05/2011 |
 A Colorado family has moved out of their house after discovering hundreds of snakes living inside. Their home was in the town of Maybell in northwestern Colorado. Now a bankruptcy court may sue the previous owner and real estate agent for failure to disclose the snakes were there. |  New York state's new property-tax cap might further pressure counties, cities, towns and school districts already struggling with lower tax revenue and higher expenses in the recession's wake, according to a report released on Tuesday by Moody's Investors Service. |
Big banks still drive Manhattan rentsIlaina Jonas Reuters 06/21/2011 | Empire State Building to undergo major renovationsStephen Singer USA Today 06/15/2011 |
 Large banks are still the high-octane fuel that drives New York's commercial real estate rents, property experts said on Monday at the Reuters Global Real Estate and Infrastructure Summit in New York. |  Everything is big with New York's landmark Empire State Building, so upgrading the 20th century elevators running up and down its 102 floors without disrupting thousands of office workers, visitors and tourists each day is no small task. |
New York, NY |
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