Foreclosed properties auctioned for 14 cents on the dollar, New York City to offer public work places … and more

August 18, 2009 08:09AM

1. Foreclosed properties in New York and New Jersey auctioned for 14 cents on the dollar [Crain’s]
2. 180 Orchard Street is on the market for $48 million [Curbed]
3. Overleveraged buyers of rent-regulated apartments create problems in the Bronx [Crain’s]
4. Façade collapse disrupts service on the No. 1 subway line [NYT]
5. New York City to offer public work places [NYO]
6. Northmarq Capital arranges $77.4 million to refinance Long Island apartment complex [CP Executive]
7. Groundbreaking on Jersey Mass Transit brings attention to Penn Station [Bloomberg]
8. In Westchester, county executive pleads for lawmakers to ratify affordable housing agreement [NYT]
9. U.S. REIT UDR entering $450M joint venture with Kuwait Finance House  [Housing Wire]
10. Appraisers criticized for traveling too far to assess homes [WSJ]
11. National Association of Home Builders temporarily shuts office to cut costs [Realtor Magazine]
12. China reportedly buying U.S. mortgages [Reuters via CNNMoney]
13. BOMA report provides data on building income and operating expenses [National Real Estate Investor]
14. Homeowners fall for foreclosure rescue scams [ABC]
15. U.S. builders upbeat [Reuters]
16. Multiple offers are the norm again in some markets [Inman]
17. Non-profit group looks to replace the deteriorating Greenwich Civic Center [Greenwich Time]
18. Sellers still don’t know what their homes are worth [CNBC]
19. Government stimulus efforts may need to wind down before economy can recover [Washington Post]
20. Commercial real estate distress forthcoming [Epoch Times]
21. Many refinancings offer right of rescission, but few take advantage [Inman]
22. Housing market index showing a slight increase [Seeking Alpha]
23. Homebuilders want extension of tax credit for home buyers [Realty Times]
24. Fed reports rise in delinquency rates in second quarter 2009 [Calculated Risk]
25. Domestic banks continue to tighten standards, survey shows [Calculated Risk]

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