Will The Stimulated Economy Be As “Sticky” As Real Estate?
“The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building.” UPDATE (10/30): “Americans…
Lembi’s Fear And Loathing In Las Vegas
“According to the Clark County, Nev., district attorney’s office, there is a warrant out for Walter Lembi, managing director of the financially troubled Lembi Group, for allegedly passing $298,500 worth…
One Word: Target. Okay, Four: Target At The Metreon?
While Tavern on the Green’s bankruptcy likely killed an outpost in San Francisco’s Metreon Center, the San Francisco Business Times reports the center’s makeover might not be the only big…
Take Two To Stimulate New-Home Purchases In California
“Last week, the California Senate passed a bill 35-1 that would provide $30 million in tax credits to about 4,000 additional new-home purchases . The bill now moves to the…
Conservation Of Land When Cash Is King
“The of chaparral-covered land 15 miles outside of Marysville had been slated to be bulldozed for homes. But the bottom dropped out of the economy and the plan to build…
U.S. Foreclosure Filings Jump With Prime And Alt-A Leading The Way
Foreclosure filings in the U.S. increased 29 percent on a year-over-year basis in September, but fell 4 percent as compared to August (a record high month). Mounting foreclosures mean U.S.…
A Schwarzenegger Signature To Sell 23 Acres Of Candlestick Point
“The state can now sell 23 acres of land that is mostly used for parking lots in southeastern San Francisco to benefit a city housing development. Gov. Arnold Schwarzenegger signed…
Property Managers Pile On To The Lembi’s Woes
“One of the largest landlords in The City, which is already facing a slew of lawsuits for allegedly withholding tenants’ deposits, is the subject of a new class-action lawsuit —…
Three To Five For The Transbay If The Feds Delay Until March
“An unexpected delay in funding for the new Transbay Terminal could set construction plans back months and cost the project another $100 million.” ∙ Transbay funds delay may have $100M…
A House Response To Rising Unemployment (And Lobbyists)
“There’s under consideration whether we extend the first-time homeowners’ credit,” Pelosi, a California Democrat, told reporters today in Washington. “And the question is, would that be just first-time homeowners or…