February 19, 2014
WHO NEEDS to sell CDs and downloads when you can strike gold in a real-estate deal gone bad? The New York Post 's Page Six reports that popstress Rihanna has won a multimillion-dollar settlement after some lousy advice from her former accountant left her with a mere $2 million in cash on hand. Filing suit under her real name, Robyn Fenty, in 2012, the singer claimed that bean counter Peter Gounis and the firm Berdon LLP okeydokey'd her purchase of a $7 million Southern California house despite the fact that she was "bleeding cash" in 2009, the year the deal was closed.
February 16, 2014 |
You want to sell your house. What must you do first? Call Uncle Joe, an excellent plumber and avid HGTV fan, to get his opinion on your house's value. Surf the Web for the names of three Realtors. Choose one who will list your home at the highest price, with assurances that he'll keep it there if you insist. Do your homework on which questions you should ask a Realtor. Then call a non-invested professional, such as your accountant or financial adviser, for three names. And interview them.
February 15, 2014 |
Lawrence Lee, 54, of Gloucester Township, who retired as a real estate agent in Marlton in 2002, died of kidney failure Tuesday, Feb. 11, at home. A 1977 graduate of Central High School in Philadelphia, Mr. Lee earned a bachelor's degree in political science at Temple University in 1981 while working in restaurants to pay for his education. "He had worked in the restaurant business from when he was a small child," always, as the saying goes, "at the front of the house," his son, Lawrence Jr., said.
February 8, 2014 |
Jack R. Loew, 66, of West Chester, a suburban real estate developer and philanthropist, died Wednesday, Jan. 29, of brain cancer at his home. Mr. Loew spent the early part of his career designing and manufacturing interior cabins for passenger trains. But he wanted to do something community-based. So he focused on the acquisition and development of land, and in 1976 founded Hough/Loew & Associates, which at first offered design-to-construction services. "It was one-stop shopping," said his wife, Patricia Burton Loew.
January 12, 2014 |
Lovers of real estate metrics, you're going to need a bigger hard drive. Yet another index is now available, this one gauging the so-called real estate health of 30 major American cities. Zillow's newly released Market Health Index (see it at http://goo.gl/t9RdKd ) also allows the prospective home buyer to peek at the market condition of a particular neighborhood, by zip code. Zillow looks at an area's health through the prism of 10 economic factors, including the number of foreclosures, the number of days houses spend on the market, sale prices, the extent of delinquency, and so on. Then, after combining those factors, Zillow ranks the cities against one another on a scale of 1 to 10. It does the same for the neighborhoods.
January 8, 2014 |
This story was updated at 8:30 a.m. Tuesday. The historic townhouse that houses the retailer Anthropologie at 18th and Walnut Streets is for sale and possibly weeks away from settling for around $35 million, which would deliver a staggering profit to Robert Ambrosi and the partners with whom he bought the marquee property for $1 million in 1995. The asking price for the four-story, 23,600-square-foot house, built in 1898, was about $40 million when it hit the market late this summer.
December 18, 2013 |
HAVERFORD The case of two Main Line real estate agents accused of trying to sabotage the sale of their next-door neighbor's property because their own home also was on the market has ended much more quietly than it began. In a two-day bench trial that ended Dec. 6, District Judge Kathleen M. Valentine found Jonathan M. Straub, 41, guilty of harassment and disorderly conduct and fined him $25. Straub's trial took place after the Montgomery County District Attorney's Office withdrew similar charges in November against his wife, Andrea D. Straub, 35. Prosecutors determined there was not enough evidence to prove she was guilty beyond a reasonable doubt, Assistant District Attorney Kathleen Colgan said.
November 29, 2013 |
IF YOU WERE a member of the family of Edna Mae Bantom, you didn't have to worry about looking stylish when you went out on the town. Edna was a magician with needle and thread, and made clothes for both women and men in her family, as well as neighbors in her Kingsessing community who needed her special touch. "She made my senior prom dress," said her daughter, Mary K. Bantom. "It was beautiful, one of a kind. When people asked me where I got it, I said, 'Mommy did it.' " Edna Bantom, who was self-employed as a seamstress for a time, then sold real estate for a firm established by her late husband, an active churchwoman and devoted family matriarch, died Nov. 21. She would have been 93 tomorrow.
November 13, 2013
Sunday's Real Estate section erred in describing how much an addition to a Main Line house would increase its value. Once the addition is completed, the anticipated value of the house will be $1,075,000.
October 29, 2013 |
Banks moved out, theaters moved in, and - if the price of real estate in the neighborhood is any sign - things got a lot better around South Broad Street after the birth of the Avenue of the Arts. Back in 1993, Peter C. Soens recalls, he sold the former Girard Bank building at Broad and Chestnut Streets, now home to the Ritz-Carlton, for $2 million. Soon afterward, Soens, a partner at the commercial building broker and manager SSH Real Estate, sold One East Penn Square, across from City Hall, for $2.1 million.