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Vulture real estate investors swoop in

Let the bargain hunting begin. Prices may still be falling, but they're low enough for some investors to buy, sell, and pocket a tidy profit....
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Nontraditional tenants occupy dark stores at malls

Community college classes in the old mall movie theater. A DMV office across from the Starbucks. Maybe a local library between the Victoria's Secret and the Gap....
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Housing deal possible with less politics

President George W. Bush says he is confident that he will reach a deal with Congress on a housing rescue plan but is prodding lawmakers for "less politics."...
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NYC modernizes building codes; 1st time since '68

New York City is revamping its building codes for the first time in four decades to require new safety measures for construction sites and increase penalties for violations....
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NY office market feels financial's pain - Cushman

The Manhattan office market, far and away the largest in the United States, is showing signs of strain under the weight of the ills suffered by the financial sector, according to real estate services company Cushman & Wakefield....
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Manhattan Second-Quarter Apartment Sales Drop Most Since 1998

Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation's most expensive urban housing market....
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Canon's new HQ to be LI's largest green project

Canon USA is expected to file building plans Tuesday for its new headquarters in Melville, a five-story, 690,000-square-foot facility that would be Long Island's biggest green project....
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Paterson: $137M for NY affordable housing

New York Gov. David Paterson says the state is dedicating $137 million to improving and expanding affordable housing statewide....
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Florida sues Countrywide

Southern state joins California and Illinois in lawsuits against the troubled mortgage lender for accepting loan applications without regard for borrowers' ability to pay the loan back....
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Mortgage Ruling Could Have Big Impact

The 7th U.S. Circuit Court of Appeals is expected to rule sometime this month on a case that could force the U.S. banking industry to cancel or rescind loans if borrowers prove that their lenders violated a federal lending disclosure law....
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Credit Crunch Fuels Rise in 'Advance Fee' Schemes

Federal and state authorities say the nation's housing slump and credit squeeze are resulting in a spike in reports of companies preying on frustrated borrowers who are having difficulty securing commercial loans through conventional sources....
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Upset homeowner shoots real estate agent in Mich.

A man upset about a property transaction fatally shot a real estate agent in the head during a meeting Tuesday morning in the victim's office, authorities said....
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Tax Increases Avoided as City Budget Deal Is Reached

$129 Million in Cuts to Schools Proposed by Mayor Are Restored...
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A New Way for Homeowners to Cope

People faced with losing their houses because of onerous mortgage resets, plunging values or other financial issues may soon have a new way to deal with their problems....
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Trade Center Rebuilding Faces Big Setback

The rebuilding of the World Trade Center, destroyed in the Sept. 11, 2001, attacks, won't be completed until the middle of the next decade, and will cost as much as $3 billion more than planned, according to people familiar with the matter....
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