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Landlords face a $1.5 trillion commercial real estate maturity wall
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, according to Jones Lang LaSalle Inc. That leaves a gap of as much as $400 billion between the amount owed and the capital available for refinancing.
The value of buildings has broadly dropped after higher interest ...Read more
Real estate Q&A: Can condo board make us pay for renovations to amenities we don't use?
Q: We live in a small condominium. Our board just told us that we need to pay extra each month for the next few years to cover the cost of renovations, including the little gym near the lobby. They did not ask us if we were OK with this or put it up for a vote. We never use the gym. Can they make us pay for this? —Henri
A: In condominium ...Read more
He pays $2,000 a month for a hotel room, and he can't afford to move
PALM HARBOR, Florida — They drove, windows down, past the big box stores. Past the other roadside motels and hotels, where other families lived.
When they pulled up to the modest house on Guardian Avenue, Richard Rodriguez took a deep breath. He was 52, with kind, tired eyes. He didn’t want to get his hopes up.
It had been four years since...Read more
Art Institute announces $75 million gift to create new gallery building on Michigan Avenue campus
The Art Institute announced a transformative $75 million gift Tuesday to construct a new gallery building and begin an ambitious reshaping of its sprawling campus in the heart of downtown Chicago’s lakefront.
The lions will remain at their post in front of the historic 131-year-old main building along South Michigan Avenue, but their ...Read more
Value investing vs. growth investing: Which is better in today's market?
It’s the perennial question among stock investors: which is better — growth investing or value investing? Recently, there’s been little contest. Growth stocks, such as Apple and Nvidia, have handily outperformed value names. But it’s not always that way, and many investors think value will once again have its day — although they’ve ...Read more
'This is not a bill': How to decipher explanations of benefits and pay for your medical care
Bobbie Putman-Bailey knows how to solve problems when it comes to medical bills and health insurance.
In one instance, upon the surprise realization her specialist doctor had gone out of network for her health plan, the 42-year-old Maple Grove, Minnesota, resident convinced the insurer to overturn coverage denials that could have cost her ...Read more
Gold IRA: Should you open one to save for retirement?
Investors are often drawn to gold during times of high inflation or market turmoil. It’s viewed by many as a safe haven asset and a store of value. If you’re looking to invest in physical gold through an individual retirement account (IRA), you’ll need to open a special type of account known as a gold IRA.
But gold IRAs can come with high...Read more
Borrowing money from your home to pay for your child's college
If you’re gearing up to send a child to college, the cost can feel overwhelming. A home equity line of credit (HELOC) or home equity loan could help pay for it — but before leveraging your home ownership stake in this way, you’ll need to balance a number of considerations. Here’s our crash course on the pros and cons of using your home ...Read more
Newsom vetoes bill that would have offered home mortgage aid to undocumented immigrants
A controversial bill that would have helped undocumented immigrants in California buy homes was vetoed Friday morning by Gov. Gavin Newsom who cited limitations to the program’s existing budget.
Introduced by its lead author, Assemblymember Joaquin Arambula, D-Fresno, Assembly Bill 1840 would have allowed undocumented immigrants to apply ...Read more
How do stocks perform after the Fed cuts interest rates? Pretty well, actually
The stock market has had a nice run in 2024, but investors have been nervous lately, because many are concerned that a slowing economy may tip over into an outright recession. To thwart that possibility, the Federal Reserve stands poised to lower interest rates, providing stimulus to consumers and businesses, some of whom have been reeling ...Read more
I've been in financial services for 14 years. Here's why I just opened a CD now
I’ve been in financial services for nearly 14 years and have helped customers with the most common deposit products, but this month was the first time I opened a certificate of deposit (CD) for myself.
A CD is an account that typically has a fixed annual percentage yield (APY) for a specific term. What’s more, there’s typically an early ...Read more
Microsoft pays more than $300 million to buy its Silicon Valley campus
MOUNTAIN VIEW, California — Microsoft has paid well over $300 million to buy a huge Mountain View tech campus the company occupies, a fresh sign of how the software leviathan has established its roots in Silicon Valley.
In a $330 million deal, Microsoft bought an office and research hub at 1045 La Avenida Street in Mountain View where it now ...Read more
Real estate Q&A: What should I do if a hurricane damages my home?
Q: With hurricane season heating up, I am concerned I will not know what to do if a storm damages our house. How can we be prepared and ensure that insurance will pay up? — Maritza
A: From the legal perspective, dealing with hurricanes is similar to other casualty losses, such as fires or floods. To best navigate these tragedies, you must be ...Read more
'1000-Lb. Sisters' star Amy Slaton left zoo on stretcher before arrest, after alleged camel bite
Amy Slaton Halterman, the "1000-Lb. Sisters" star who was arrested Monday after visiting a Tennessee zoo, was reportedly carried out of the safari park on a stretcher moments before her arrest.
Photos obtained Tuesday by TMZ show EMTs transporting Halterman, 36, into an ambulance while she holds a piece of fabric to one of her arms. The outlet ...Read more
Homebuyer contract bill heads to governor's desk
A bill limiting homebuyer contracts to three months passed the state Legislature last week and is on its way to the governor’s desk.
If Gov. Gavin Newsom’s signs it, the measure would take effect Jan. 1, making California one of at least 22 states with laws requiring home shoppers to have a buyer-representation agreement with their agents. ...Read more
Demolition of iconic Sears complex starts, opening a new era for high-tech industry
Workers have started tearing down the vacant Sears world headquarters in northwest suburban Hoffman Estates, Illinois, a necessary next step in converting the iconic 2.4 million-square-foot complex into a data center site.
“No one is going to come in and say I want 2 million square feet of office space,” said Village Manager Eric Palm. “...Read more
Why Fashion Nova bought a $118-million office space in Beverly Hills
LOS ANGELES — When fast-fashion retailer Fashion Nova was searching for a new headquarters, the pull of Beverly Hills was strong.
The city is one of the world’s luxury capitals, and its palm tree-lined streets are home to billionaires, Hollywood stars and high-end brands including Gucci and Dior. Compared with Fashion Nova’s current base ...Read more
Report: Home Depot spent billions on its own shares instead of raising pay
Home Depot ranks in the bottom 100 companies in the S&P 500 index for median pay. But it ranks near the top of those corporations in buying back its own stock shares, billions that instead could have been spent improving wages, according to a report from a Washington, D.C., think tank.
Lowe’s and Home Depot ranked No. 1 and No. 2, ...Read more
Allstate receives approval for 34% increase in homeowners insurance rates
Allstate has received approval to raise its California homeowners insurance premiums by an average of 34% starting in November — the largest rate increase this year amid the state's insurance crisis.
The rate increase approved earlier this month by state regulators affects more than 350,000 policyholders statewide and exceeds a 30% increase ...Read more
Real estate Q&A: How long should I keep records related to condo sale?
Q: I helped my father sell his condo in 2017 and have been storing the paperwork from when he originally purchased it to when he sold it. I want to shred the papers, but I was wondering if I need to hold on to them for a certain length of time. How long should I keep the paperwork? — Lois
A: Good record-keeping can make a big difference ...Read more
Popular Stories
- 'Lustron Homes' were made of steel and built to last -- and many have
- Real estate Q&A: Can condo board make us pay for renovations to amenities we don't use?
- Landlords face a $1.5 trillion commercial real estate maturity wall
- He pays $2,000 a month for a hotel room, and he can't afford to move
- Art Institute announces $75 million gift to create new gallery building on Michigan Avenue campus