Here's something to ponder if you have just acquired a 30-year mortgage for a beachfront property in Lavallette, Long Beach, Little Egg Harbor or a few dozen other New Jersey towns: That house is likely to be underwater by the time you pay it off. No, not in terms of market value - though that also might be true. That was meant literally: Your seaside citadel is likely to be uninhabitable by 2045 because many waterfront communities along New Jersey's 130 miles of coastline will require that you wade from your driveway to your front door. That caveat emptor comes from the Union of Concerned Scientists, who released another dire report last week that could affect populations in the shore area for generations to come. The UCS has determined that accelerating sea-level rise - driven primarily by climate change - will put more than 62,000 residential properties in our state at risk of chronic flooding over the next 30 years, a collective loss cost of $26.8 billion. Only Florida will … [Read more...] about Rising seas will erode the Jersey shore real estate market
Paris real estate
Susanne Cervenka Asbury Park (N.J.) Press Published 10:07 p.m. UTC May 31, 2018 WALL, N.J. — The firm Diane Turton, Realtors, needs no bottle to get its message out across the globe. As it turns out, its signs are seaworthy. A for-sale sign swept away from a waterfront home in nearby Brielle during Hurricane Sandy made to a beach west of Bordeaux, France about 5½ years later, according to the real-estate firm based in Point Pleasant Beach. "Having our signage wash up in France on the beach truly proves that Diane Turton, Realtors is a global real-estate company," Perry Beneduce, the firm's marketing director, said with a bit of a wink. The company has more than 300 brokers and agents in nearly 20 offices in Jersey Shore towns, according to its website. And that home for sale was in Brielle, about 40 miles south of New York City, not Brielles, France, about 175 miles southwest of Paris. ► March 6: Message in bottle tossed into … [Read more...] about Real-estate for-sale sign swept away during Hurricane Sandy lands on French beach this month
Share Tweet Share Email Comments Print LUCAS COUNTY 43412 Residential Thomas Daniel E, Most Rev Bishop Of The Roman to Kubacki William J, Reverend Monsignor, Trustee, 11183 Dike Rd, Curtice, $0, (3/14) Myrice Tonya Lynn Etal to Myrice Richard E Sr, 521 Coffee Rd, Curtice, $50,000, (3/15) Myrice Tonya Lynn Etal to Myrice Richard E Sr, 525 Coffee Rd, Curtice, $50,000, (3/15) Myrice Tonya Lynn Etal to Myrice Richard E Sr, 529 Coffee Rd, Curtice, $50,000, (3/15) 43504 Exempt Thomas Daniel E, Most Rev Bishop Of The Roman to Kubacki William J, Reverend Monsignor, Trustee, 11690 Sylvania Ave, Berkey, $0, (3/14) 43522 Agricultural Scheub Walter F & Margie A Trustees to Scheub Margie A Trustee, 10145 Manore Rd, Grand Rapids, $0, (3/13) Scheub Walter F & Margie A Trustees to Scheub Margie A Trustee, 12401 Patton Rd, Grand Rapids, $0, (3/13) Scheub Walter F & Margie A Trustees to Scheub Margie A Trustee, 13101 Bailey Rd, Grand Rapids, $0, (3/13) Residential … [Read more...] about Real estate transfers: March 12
Last Updated Jan 5, 2009 9:16 AM EST Speculation arose Friday that Sam Zell may be positioning himself for a takeover bid for Starwood Hotels & Resorts, one of the world's largest hotel and leisure companies, after it was revealed in a regulatory filing that the company signed a confidentiality agreement with the Chicago real estate billionaire. This prediction mat prove to be premature, as Zell first emerged as a buyer of Starwood shares one year ago, according to the original Schedule 13D filed with the SEC last February:Between October 2, 2007 and January 31, 2008, SSE acquired 14,750,000 shares of Common Stock in open market purchases in a price range from $39.63 to $62.37 per share. The average purchase price per share was $49.97, for a total purchase price of $736,997,526.78. Zell's emergence as an investor of interest should not be taken as a portent that the commercial real estate market is poised for a turnaround. In addition to buying his Starwood stake before the … [Read more...] about Real Estate Tycoon Sam Zell Sees Value in Starwood Hotels & Resorts
Last Updated Dec 21, 2009 11:59 AM EST The culture of the real-estate rebate might be spreading. NJ.com, the website of the New Jersey Star-Ledger, reported Monday night that there's a bill in the New Jersey state legislature to allow real estate agents to pay their buyer clients a portion of their commissions at closing. In the story, New Jersey state senator Nicholas Scutari is quoted as saying that Jersey is one of 11 states that don't allow the incentive. Why? Either restraint of trade (if you have the pro-shared-commission viewpoint, you see them as rebates) or an attempt to keep the industry from being riddled with corruption (if you have the anti-shared-commission viewpoint, you see them as kickbacks). To offer a little historical perspective, three years ago, a story by James R. Hagerty of The Wall Street Journal noted that 15 states didn't. But even though a handful of states have yet to allow shared buyer commissions, three dozen states have. And yet the firms that share … [Read more...] about Real-Estate Rebates To Spread in 2010?