Is Illinois Gov’s home for sale?

February 3, 2009
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Illinois Governor Rod Blagojevich has become some kind of a celebrity thanks, or not thanks to his illegal entanglements which cost him position but gained him some kind of notoriety. He is so infamous that even his house has become the target of real estate rumor mongers who are still debating whether Blagojevich is selling his house. The rumors came after ABC 7 in Chicago featured a story on the governor’s home plan. It was purely speculation as to how much his home would fetch in case he decides to sell it.  This prompted Zestimate to place his 2934 W Sunnyside Avenue Chicago home at around $963,000.

The problem started when…

Tears For Fears Frontman’s Hollywood Hills Property Up For Grabs

February 3, 2009
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Roland Orzabal, popularly known for being the frontman of long-standing band Tears for Fears, has placed his Hollywood Hills property in Los Angeles for sale. Orzabal is just one among the many celebrities who have placed their properties in the real estate market for one reason or another, mostly due to the economic crunch. Orzabal’s 4,266-square foot house was originally up for lease for $15,900 per month. However, it seems he has decided to finally get rid of the property for good.

The 48-year old house has quite a history behind it having been built in 1960. There is however confusion as to how many rooms this house possesses because listing…

Singer Daniel Powter Sells LA Brentwood Property

February 3, 2009
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Another artist is placing his house in the market. Singer Daniel Powter is selling his 2,659-square-foot house in the Los Angeles Brentwood area for $2.295 million. It was listed in the market on January 16. Powter is obviously not up to make profit as records show that he bought the house for $2.3 million in April 2006

Though built in 1951, Powter’s house is contemporary in style with architectural details that speak of modern-day living.  Surely, you’ll get your money’s worth for a modern house of light-filled rooms, French doors, hardwood floors, a dual fireplace in the family room/living room, a gourmet kitchen with a breakfast area, a master suite with…

Court Gives Slash Go Signal To Sue Brokers

February 2, 2009
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The former Guns N’ Roses guitarist Rocker Slash has been given the go signal to sue Sotherby’s International Realty and agent Gregoy Holcomb for allegedly deceiving him and his wife Perla of the actual size of  their former 5,539-square-foot house in  Los Angeles Hollywood Hills. The couple also claimed that the brokers failed to make it clear to them that the house is on a public street where parking is restricted.

The realtor sold Slash the Spanish-style mansion on the 1.76-acre, L-shaped property at 1924 Wattles Drive in the Hollywood Hills in December 2005 for $6,250,000.  Slash and Perla lost a substantial amount of money when they sold the property to…

Austin Still Attractive To Foreign Real Estate Investors

February 2, 2009
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The year 2009 was a good one Austin as a preferred destination of foreign investors who are looking for viable investment opportunities in the United States. Latest survey conducted by the Association of Foreign Investors in Real Estate showed that Austin ranked 11th in the new survey of cities in the U.S. that foreign investors have found attractive to pour their investments in even during these times.

Conducted in the 4th quarter of 2008, the survey could be considered as reliable and worthy of our high hopes for a still dynamic real estate business in the U.S. because its respondents were Association members who have a considerable $1 trillion worth of real…

Kobra Properties Files Bankruptcy; Abandons 16 Properties

February 2, 2009
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The economic meltdown which has driven financing rates at a skyrocketing rate has indeed taken its toll on real estate commercial properties. Kobra Properties has succumbed to such economic pinch and it has decided to let go of its 16 most troubled assets and filed for bankruptcy.

Kobra Properties founder and President Abe Alizadeh thinks its no use holding on to the 238-acre problematic properties of Kobra out of its 900-acre real estate portfolio especially if the company wants to ride out of its bankruptcy declaration and continue to become a more viable property developer. Planned to be abandoned are mostly unfinished office, retail and restaurant projects— assets which Alizadeh looks at as…

A look At The World’s Largest Swimming Pool

February 2, 2009
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A Swimming pool is one of the most common features in any real estate development whether indoor or outdoor, commercial or residential. There is one swimming pool which can get the attention of any real estate developer and that is the world’s largest swimming pool in Southern Chile’s San Alfonso del Mar resort. The outdoor pool, which is actually a man-made salt water lagoon, is a Guinness Book of Word Record holder for being the world’s largest measuring 1,013 meter and covering eight hectares total. It is being operated by a computer-controlled filtration and suction system that keeps the permanent circulation of fresh seawater in the pool.

The world’s largest pool,…

Porto Dubai Top Real Estate Market

February 2, 2009
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Dubai continues to stand as the most in demand real estate markets today despite the global economic crunch. This is evident with the commencement of work for the luxury residential development Porto Dubai.  The Zabeel Properties project which sits on a reclaimed peninsula is located beside the Burj Al Arab luxury hotel. Zabeel Investments executive chairman Mohammed Ali Al Hashimi said Boskalis Westminster has already started dredging and reclamation and the construction of the villa will start by end of the year to be completed by 2010. Dubai World real estate subsidiary Nakeel is providing reclamation and coastal development assistance.

Zabeel Properties presently has a Dh15 billion worth of investments portfolio…

Neverland Falls Drom Grace

February 2, 2009
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There was a time when Neverland used to be known as the amusement park hideaway owned by king of pop Michael Jackson. It was the perfect place for entertainment not only for kids but for the young at heart with facilities like tennis courts, zoo, train and an amusement park. Neverland is from these descriptions today having lost its opulence and its purpose as an amusement park because there is really nothing there not to amuse. Instead, Neverland is now a picture of disgrace, neglect and disrepair with the teepees torn down, ripped tent, rusting merry-go-round and broken windows.

Neverland’s fall from grace is attributed to Jackson’s financial and moral disaster…