Highlights
A collection of news and information related to Property published by Tribune Company sources.
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Kickback Is Likely Illegal
Tribune Media ServicesI have a property that is worth $500,000 that I am selling for $300,000. I know it is worth $500,000 because I had it appraised recently at that value. A buyer wants to pay me $400,000 and then have me give him $100,000 back after the closing. Is this...Tags: Trials, Real Estate Agents, Litigation, Homes, Corporate Crime
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A contemporary house that gives you space
When they decided to build a home two decades ago, Alfred and Marilyn Biegel had a few requirements in mind. "We wanted an open great room, so that it is open for entertaining and gives you space," said Al Biegel, a retired Army colonel. "We'd lived...Tags: Personal Service
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Take your time with time shares
You're vacationing in the Bahamas with your girlfriends when the charming man in the flowered shirt comes by with offers of a free bottle of rum, breakfast and access to exclusive beachfront property for the day.
All you have to do is tour a time-share...Tags: Wine, Beer, and Spirits, Walt Disney World Resort, Real Estate Transactions, Corporate Officers, Sales
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Property owners get their say about Orlando tax hike
Sentinel Staff WriterThere are usually plenty of empty seats at an Orlando budget hearing, but they might be in short supply Monday. The Orlando City Council is expected to give preliminary approval to the city's first property tax increase in 20 years. Monday's public...Tags: Recreational and Sporting Goods Industry, Buddy Dyer, Charlie Crist, Property Tax, Orlando Real Estate
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County adjusts impact fees
County lawmakers are hoping a few legislative tweaks might be enough to settle a nearly yearlong debate about development impact fees, but they might instead find themselves next week again facing a roomful of homeowners, business leaders and neighborhood...Tags: Annapolis, Local Authority, John R Leopold, Maryland
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In Oregon, a vacation from the grid
New York Times News ServiceFirst there were the propane lamps. Then wind turbines, followed by solar panels that powered William Shay's off-the-grid vacation home overlooking Lake Billy Chinook. And now, two decades after the first road was paved in Shay's central Oregon...Tags: Oregon
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Washington Township puts limits on wind turbines
Of The Morning CallWashington Township, Lehigh County, officials see wind power as a potentially clean and affordable source of energy. They also worry that it could be ugly and unneighborly. Earlier this week, township supervisors voted to limit where residents can set...Tags: California, Texas, Longswamp, PPL Corporation, Lehigh County
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Nicolas Cage's Bel-Air Tudor for sale (again) at $29,999,000
Hot PropertySOME people collect stamps, others collect houses. Count Academy Award-winning actor Nicolas Cage among the latter. Cage just listed his 11,817-square-foot Bel-Air Tudor at $29,999,000 -- and has leased a unit in the downtown Biscuit Co. Lofts with an...Tags: Neil Diamond, Forests, Natural Resources, Banking, California
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Ask the Expert: Mom's co-op choices
Karen@KarenEKlein.comThe problem: My mother owns a co-op outright in a senior community where the board determines the selling price of the units. She uses 24-hour home care but is running out of money and wants to borrow against her co-op. She's been turned down for a...Tags: George Bush, Mortgages, National Government, Government, Money and Monetary Policy
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Mervyn's lawsuit alleges assets used to fund buyout
Chicago Tribune reporterA lawsuit filed this week as part of Mervyn's Chapter 11 bankruptcy reorganization alleges that the retailer's "valuable" real estate assets—store-owned locations and below-market leases—were stripped of their value and used partly to...Tags: Trials, Bankruptcy, Marketing, Marshall Field, Major League Baseball
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Continuing Care Builder Has Deal For Simsbury Site
Courant Staff WriterAfter years of debate over what should be built on a large parcel in the town's southern end, the landowner has come to a decision. Mark Greenberg, who owns about 60 acres in the Southern Gateway section, has signed a contract to sell 23 acres to The...Tags: Simsbury, Connecticut Light & Power Company, Contracts
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Why Lynx is facing worse cutbacks than its peers
Sentinel Staff WriterLynx bus riders could soon see higher fares and less-frequent service, thanks to spiraling fuel and labor costs. But while this same surge of expenses is hitting other Florida transit systems from Miami to Jacksonville, they aren't considering service...Tags: Wages and Pensions, Orlando, State Budgets, Sales, Florida
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