
“Blockbuster real estate deals are back and breaking records as cash from around the globe pours into U.S. office buildings, apartment complexes and other investment properties. Demand for property from warehouses to skyscrapers is booming, helped by more than six years of Federal Reserve efforts to stimulate economic growth by keeping interest rates low, and stockpiles of cash from overseas investors seeking a haven. Surging prices for the best buildings in big cities such as New York and San Francisco are driving the real estate recovery. Centrally located office towers are fetching prices 33 percent above records set in 2008.”
Related posts:
Woman unknowingly dumps Apple I worth $200K at recycling plant
Is sentiment toward gold shifting again?
High-yield debt fund blocks investors from withdrawing funds
Man Responsible For NY 15-Year Mandatory Minimum Pot Sentences Dies
Man's lawsuit contends his son accosted by deputy over toy pistol
Sen. Lindsey Graham to seek authorization for U.S. attack on Iran
U.S. gives seal of approval to Egypt’s new leaders
McCain blames Obama for U.S. losing credibility in the Middle East
Maligned dollar flourishes in Venezuela
U.S. bans Americans from traveling to North Korea
Ex-FBI agent lands at CNN after blaming his departure on 'relentless attacks'
Texas teacher facing prison after sex with 5 students
Syrian aircraft bomb Sunni militant targets inside Iraq
FTC Settles Google Antitrust Investigation
Execute elephant poachers on the spot, Tanzanian minister urges