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The new skyscraper being built at ground zero in New York is having a hard time finding tenants. The 80-storey 3 World Trade Center, one of four high-rise buildings being developed on the site of the former twin towers, may have to stop construction at just seven floors if demand remains low.
The lack of residents is the latest obstacle encountered by the controversial project, which is costing $11.7 billion to build, as the Port Authority of New York and New Jersey refuse to guarantee the necessary financing for Silverstein Properties Inc. to complete construction.
"Mr. Silverstein is not currently close to signing a tenant," sources told Crain's New York. It makes the scheduled 2015 completion date look increasingly unlikely, although Crain's adds that "the building's cap can be removed and construction can resume [at a later date] after he finds one."
A new Standard & Poor's Case-Shiller Home Price Index showed U.S. home prices fell for a third straight month in two Florida cities, Miami and Tampa. Jeffrey Brown discusses the housing market's role this election season with The Wall Street Journal's Arian Campo-Flores and Jed Kolko of the real estate website Trulia.
Slowly, but surely, the foreclosure crisis seems to be abating.
One of the most famous homes in country music — or any musical genre, given the reach of Johnny Cash's career — was the home of Cash and his wife, June Carter Cash.
Real estate must be a common interest among “Friends” castmates, as Jennifer Aniston just bought a sleek A. Quincy Jones Mod in LA for $21 million. Take a look at photos of Aniston's new home. Aniston clearly has good taste in homes as the photos show a completely remodeled California modern fit for any Hollywood A-lister.
The U.S. residential market still faces a long and “rocky road” to recovery, Karl Case, the co-creator of the S&P/Case-Shiller Index of property values said this week as prices feel more steeply than expected.
Florida has retained its top spot as America's most popular destination for international property buyers researching the market on the web.
The average rate on the 30-year-fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. But even with the cheapest rates in history, the housing market remains depressed.
Tracy Morgan is no stranger to controversy, but it's not often that a comedian can count his mother among his biggest critics.
In today's post-bubble housing market, it's not uncommon for landmark buildings to fall into foreclosure. But this Atlanta tower is noteworthy for two reasons – it's the tallest skyscraper in the Southeast, and its sale smacks of irony.
What is Zillow's Neighborhood Advice? It's a fairly simple idea that takes the conversation many have with their friends and family offline, about the home buying experience, online. But what's in it for the real estate agent?