Real-Estate News: Empire State Building Prepares for Launch
Tewksburys median sale price was $317,000 this summer, down 16.6 percent from 2005, while Methuens was $245,000, down 23.4 percent from eight years ago. But the competition for available units has really heated up, said reference Santini. Bert Beaulieu, a broker at Northrup Associates Realtors in Lynnfield, said house hunters can find good opportunities if they expand their search to outlying areas.
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Here is a look at real-estate news from Wednesdays WSJ, including the Property Report: Prices Keep the Locks on Myanmar : For years, international companies wanting to set up in Myanmar were stifled by Western sanctions or rebuffed by the countrys military government. Now, as the country opens up, global corporations are finding a new hurdle: real-estate prices. Empire State Building Prepares for Launch :The New York family that controls the Empire State Building is about to launch the formal marketing process to sell the building, in what would be one of the largest real-estate initial public offerings and the end of a colorful era for the storied skyscraper. Placing Bets on Brooklyn :An investor group is betting the growing popularity of New Yorks Brooklyn borough will help it resurrect Industry City, one of the largest privately owned industrial properties in New York. Crowdfunded Hotel Is on Tap :A New York real-estate company that has been a leader in crowdfunding in South America plans to replicate that strategy in the U.S. Project Promises to Transform Lower East Side : New York Cityhas awarded a development team the rare opportunity to transform a central Manhattan neighborhood, a project of offices, shops and homes spreading out from the foot of the Williamsburg Bridge.
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