Wednesday, June 3, 2015

Real Estate

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WASHINGTON (AP) - Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They're lining up gigs for their family jazz band.
Artsy. Edgy. Transitional. Distinctive tags describing Old City. But Ted Newbold, who owns a rowhouse here with wife Helen Cunningham, called the area home back when descriptions such as warehouse and fashionable weren't commingled.
One in a continuing series spotlighting real estate markets in the region's communities. To make sure you know where we are, this is the Middletown with several Levittown neighborhoods in its southern half.
You may have heard that it is extremely difficult to get approved for a mortgage to buy or refinance a condominium. That was the case for several years after the housing market crashed, but lenders finally have loosened the rules on condo financing.
A look at this week's area open houses.
The Pennsylvania Real Estate Investment Trust and the Macerich Co. say it will take $325 million in new investment to transform the Gallery at Market East into what they are calling Fashion Outlets of Philadelphia.
NEW YORK (AP) - Renters are on the rise in America's biggest cities, but many tenants are scrambling to keep up with growing rent bills and shrinking vacancies, according to a study being released Thursday.
The stone colonial on Wayne Avenue boasts five bedrooms, a lush garden and 90-foot-tall oak and poplar trees.
Investment manager Franklin Square Capital Partners has applied for a $7.5 million grant to build a hotel at Philadelphia's Navy Yard business campus, according to a state report.
The Federal Housing Administration is the government agency that sets standards for building construction, but for homeowners or home buyers it can be a lot more.
Priced at just under $4 million, the English manor-style house with its exemplary country gardens on a wooded half-acre will undoubtedly sell itself in the runaway real estate market here in the Bay Area. "But just how much can it bring?" asked Robert Graves, the interior designer called in to stage the sale. "Just how much excitement can we bring to it?"
SLS Hotels puts its chicly designed, lavishly appointed lodgings in the U.S. cities most associated with luxury travel and youthful, free-spending abandon: Beverly Hills. South Beach. Las Vegas.
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