Real estate related news.
SAN FRANCISCO — Retiree Pamela Haile has paid property taxes, insurance and other bills on a house she lets out in Oakland, but for more than three years her tenants have paid no rent thanks to one of the longest-lasting eviction bans in the country. The eviction moratorium in the San Francisco Bay Area city [...]
ATLANTA (AP) — After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing. Most low-income tenants can no longer count on pandemic resources that had kept them housed, and many are finding it hard to recover because they haven't found [...]
Makeisha Robey grew up in a three-bedroom house and always wanted to provide the same for her children. Yet on a preschool teacher's salary in Atlanta, that dream was out of reach. Her family moved from rental to rental as costs continued to rise. That changed after Robey learned about the Atlanta Land Trust at [...]
PHOENIX (AP) — Arizona will not approve new housing construction on the fast-growing edges of metro Phoenix that rely on groundwater thanks to years of overuse and a multi-decade drought that is sapping its water supply. Gov. Katie Hobbs last week announced the restrictions that could affect some of the fastest-growing suburbs of the nation's [...]
LOS ANGELES (AP) — The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space such as Boston Properties and Vornado Realty Trust. The sharp runup in interest rates by the Federal Reserve over the past year and a slowing economy had already [...]
NORTH WILDWOOD, N.J. — A bulldozer began moving sand along a stretch of badly eroded beach this week in a Jersey Shore town where the bitter fight over how to protect its rapidly shrinking shoreline has led to $33 million worth of litigation. Before the summer tourism season kicks off this weekend, North Wildwood hopes [...]
PHOENIX (AP) — Alondra Ruiz Vazquez and her husband were comfortable in Periwinkle Mobile Home Park for a decade, feeling lucky to own their mobile home and pay about $450 a month for their lot in a city with spiraling rents. Now they and dozens of other families have until May 28 to leave the [...]
DUBAI, United Arab Emirates (AP) — A proposed $5 billion real estate project wants to take skyscraper-studded Dubai to new heights — by bringing a symbol of the heavens down to Earth. Canadian entrepreneur Michael Henderson envisions building a 274-meter replica of the moon atop a 30-meter building in Dubai, already home to the world’s [...]
HIGHLAND PARK, Mich. — Kevin Houston scanned the Michigan street where his fixer-upper and older homes bridge gaps between the vacant, overgrown lots and abandoned, ramshackle houses, boarded-up businesses and potholed streets of Highland Park. "It's not a bad place to live," Houston said. "It's not the best." The community nearly surrounded by Detroit is [...]
WASHINGTON — Foreign citizens and companies would need U.S. government approval to buy property within 100 miles of eight military bases under a proposed rule change that follows a Chinese firm's attempt to build a plant near an Air Force base in North Dakota. The rule, proposed by the Treasury Department's Office of Investment Security, [...]