Peconic Real Estate News
Real Estate news for Peconic, NY continually updated from thousands of sources.
Monday Jul 13 | via Newsday
Nassau County will move to tackle the issue of abandoned properties known as zombie homes with a new land bank to acquire, rehabilitate and sell them. The County Legislature Monday unanimously approved County Executive Edward Mangano's bill creating the nonprofit corporation, which under state law can buy and spend money on the upkeep of vacant sites to return them to use. Comment?
Wednesday Jul 8 | via AndhraNews
The Buy-to-Rent analysis found that potential returns from buy-to-rent purchases of 3-bedroom residential properties in the first five months of 2015 decreased from the same time period a year ago in 169 of the 285 counties analyzed . Across all 285 counties analyzed, the average potential annual gross rental yield was 8.94 percent for 3-bedroom residential properties purchased in the first five months of 2015, down from a 9.07 percent potential average potential rental return for 3-bedroom residential properties purchased in the same time period a year ago in those same counties. Comment?
Wednesday Jul 8 | via Times Beacon Record
For Iran and Afghanistan veterans living on Long Island, finding an affordable new home is the difference between remaining on the Island and leaving. According to Mark Baisch, of Rocky Point-based Landmark Properties, many Long Island veterans cannot afford to purchase a home on the Island and are forced to move. Comment?
Monday Jul 6 | via Long Island Business News
Held back for years after the recession put the brakes on home sales, an invigorated real estate market has allowed more potential condo buyers to sell their existing homes so they can make moves to downsize. And the numbers show more of them are doing just that. Comment?
Jun 25, 2015 | via Long Island Business News
Ropack, a Montreal-based pharmaceutical company, seeks tax breaks of more than $3 million as it plans to purchase two Forest Laboratories' facilities on Long Island. Ropack applied with the Suffolk County Industrial Development Agency on Thursday for a sales tax exemption, mortgage recording tax exemption and a 15 year PILOT tax abatement, starting at 50 percent for year one and decreasing by 3 percent per year for the balance of the 15 year term, totally $3.4 million in property tax savings. Comment?
10 hrs ago | via Seeking Alpha
I'd like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited. Comment?
16 hrs ago | via The Washington Post
Former New York governor and 2016 Republican presidential candidate George Pataki borrowed against his home to pay for college. REUTERS/Brian Snyder Presidential hopefuls are talking a lot about the high cost of college these days. Comment?
Yesterday | via NBR Newsroom
Wall Street climbed on better-than-expected corporate earnings including from United Parcel Service and Pfizer, while the latest economic reports suggested the US Federal Reserve might hold off an interest rate hike longer than expected. In late afternoon trading in New York, the Dow Jones Industrial Average gained 1.1%, the Standard & Poor's 500 Index climbed 1.2%, while the Nasdaq Composite Index rose 0.9%. Comment?
Tuesday | via The New Zealand Herald
Wall Street was up overnight on better-than-expected corporate earnings including from United Parcel Service and Pfizer, while the latest economic reports suggested the US Federal Reserve might hold off an interest rate hike longer than expected. In late afternoon trading in New York, the Dow Jones Industrial Average gained 1.1 percent, the Standard & Poor's 500 Index climbed 1.2 percent, while the Nasdaq Composite Index rose 0.9 percent. Comment?
Tuesday | via Business Journal
A company from Boston is reportedly in line to pay around $183 million for a portfolio of suburban office properties that closes the door on a deal that happened at the peak of the market but ended up being a bad real estate bet. If the sale is finalized in the next week or so, Brookfield Office Properties will acquire 29 buildings totaling more than 1.6 million square feet in Fort Washington, Horsham, Bensalem and Allentown, Pa., according to several market sources. Comment?
10 min ago | via Clinical Law Prof Blog
The University of North Carolina at Chapel Hill School of Law seeks an experienced, versatile legal practitioner with a passion for justice and teaching to supervise the Consumer Financial Transactions Clinic. The Law School's Clinical Programs have a long and proud history of providing high quality, free legal representation to under-resourced individuals, organizations and communities in North Carolina while training the state's next generation of lawyers. Comment?
31 min ago | via Marin Independent Journal
After asking Assemblyman Marc Levine to author and win passage of legislation, county supervisors weren't expected to ignore the new housing standards. Supervisors agreed to whittle the county's minimum housing density standards from the “urban” 30 units per acre to the “suburban” minimum of 20 units per acre. Comment?
32 min ago | via Jane Genova
This is the era of headlines. That's how we take in the world and cut it up into accessible bits and pieces. Comment?
33 min ago | via Business Wire
All comparisons included in this release are for the second quart... )--Fitch Ratings has affirmed the 'AA-' rating on the Forest City Southern Group, LLC. , Taxable Military Housing Revenue Class I Bonds which includes the following t... )--AAC Holdings, Inc. offered the following comments in response to an indictment returned by a grand jury and unsealed today in connection with an inves... )--First Trust Mortgage Income Fund announced today that the Board of Trustees of the Fund has approved certain changes to the Fund's investmen... )--TIER REIT, Inc. announced today that the Company will release its second quarter 2015 financial results on Wednesday, August 5, 2015, after the close of tradin... )--Holliday Fenoglio Fowler, L.P. announced today that it has secured a $165.75M refinancing for a 25-property, four million-square-foot light industrial portfolio. Comment?
35 min ago | via The Ashland Daily Tidings
Real estate analytics firm CoreLogic said Tuesday Medford-area foreclosures have been steadily declining, with year-over-year figures in May underscoring the trend. "Nationally the pricing is equal to what it was at the height of the market in 2006, and locally we've seen a 10.2-percent median price increase over the last 12 months," said Terry Rasmussen, an agent with John L. Scott Real Estate in Medford. Comment?
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