Author Archives: admin

Steals and gentrification bets abound in New Orleans’ adjudicated properties …

A statistical analysis of the 79 properties sold in the auction shows many were significantly undervalued by the Orleans Assessor’s Office. About 28 percent went for more than twice their value as estimated by the assessor. Investors bought two properties, … Continue reading

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Experts see no ethical problems with Portsmouth Mayor Wright’s property … – The Virginian

By Johanna Somers The Virginian-Pilot© July 7, 2015 PORTSMOUTH Council members are mudslinging again in Portsmouth as Councilman Bill Moody accused Mayor Kenny Wright of using inside information for personal gain. Moody last month told The Virginian-Pilot that the mayor … Continue reading

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HB 769 to clean up blighted properties in Shreveport

SHREVEPORT, La – Aside from the battle over the state budget—a second battle took place on the final day of Louisiana’s recent legislative session. This one involved our Northwest Louisiana Delegation—and the creation of a redevelopment authority to address the … Continue reading

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Orange County industrial properties on fire; vacancy rate at a 20-year low

Businesses leased out 1.4 million square feet of industrial space in Orange County in the quarter ending on June 30, pushing the vacancy rate to a 20-year low, Newport Beach-based commercial brokerage Voit Real Estate Services reported Monday. Those low … Continue reading

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City plans to demolish 25 properties in five years

The city of Pottsville is planning to demolish 25 blighted properties over the next five years, City Administrator Thomas A. Palamar said Monday. The project, which is projected to cost $200,000, is part of the anti-blight initiative the city embarked … Continue reading

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Healthcare Realty Sells 2 Indianapolis Properties for $97M

You are being directed to ZacksTrade, a division of Zacks Company and licensed broker-dealer. ZacksTrade and Zacks.com are separate but affiliated companies. The web link between the two companies is not a solicitation or offer to invest in a particular … Continue reading

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Dollar Tree being required to sell off two Gary properties

The Dollar Tree Inc., chain of discount stores will sell two of its properties in Gary because of concerns by federal and state officials that a proposed merger between itself and the Family Dollar Stores Inc., will make it too … Continue reading

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Fitch Affirms BR Properties at ‘BB'; Outlook Stable

RIO DE JANEIRO, Jul 06, 2015 (BUSINESS WIRE) — Fitch Ratings has affirmed BR Properties S.A.’s (BR Properties) ratings as follows: –Long-term foreign currency Issuer Default Rating (IDR) at ‘BB'; –Long-term local currency IDR at ‘BB'; –USD285 million senior unsecured … Continue reading

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Suit alleges Nashville real estate firm committed fraud to buy up properties

<!– 1024 ayzek A Nashville real estate firm faces allegations that it forged documents and committed fraud to snatch up distressed Middle Tennessee properties at bargain prices. In a civil complaint filed in Davidson County Chancery Court last week, plaintiffs … Continue reading

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See 14 blighted Kalamazoo properties slated for demolition

KALAMAZOO, MI — Fourteen blighted properties in Kalamazoo are slated to be demolished, thanks to a state grant the city has received. Kalamazoo received a $217,350 grant from the Blight Elimination Program grant awarded by the Michigan Land Bank Fast Track … Continue reading

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