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• Manhattan Real Estate Sales Plunge

  Manhattan real estate sales plunged more than 40% in the fourth quarter to 2,500 units, accoding to the latest survey from the Corcoran Group brokerage firm. Median sales prices for all properties inched up 3% to $937,000, according to the firm. But that was only because sales of some pricey new condos lifted all boats. Look only at sales of existing units and prices fell 4% in the quarter, to a median of $759,000. What will that buy you exactly? Not much by the standards of the rest of the country.
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  • 01-07-2009 01:19 AM
  • Hot Property
  • Business
  • Manhattan
  • sales

• Real Estate Mogul Suicide

  First I see the news that German billionaire Adolf Merckle had stepped in front of a train. Then this news from the Chicago Tribune . Steven Good, who built Sheldon Good & Co., the real estate auction house his father had founded, into the largest player in the business, apparently put a bullet into his head. These men couldn't have lost all their money. What's even stranger is the Good's business was probably doing very well, with all the distressed property needing to get sold. So sad.
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  • 01-07-2009 01:19 AM
  • Hot Property
  • Business
  • business
  • Chicago
  • Estate
  • Merckle
  • Sheldon
  • Suicide
  • Tribune

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