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Nomura Completes 900,000-SF Lease at Worldwide Plaza in Midtown
By: Justin Sumner
In a move intended to support its plans to become one of the top-tier investment banks in the U.S., Nomura Holding America Inc. signed one of the largest new office leases in Midtown since 2004, agreeing to occupy more than 900,000 square feet at Worldwide Plaza.
Under the 20-year agreement, Nomura will occupy 20 floors in the 47-story, 1.8 million-square-foot, class A office tower at 825 Eighth Avenue, between 49th and 50th Streets in New York City’s Times Square submarket. Full Post…
The FHFA, the organization responsible for the Home Affordable Refinance Program (HARP) recently announced that the HARP program will be extended another year and is now set to expire June 30, 2012 rather than that same date this year.
The HARP program is designed to help people with conventional mortgages backed by Fannie Mae or Freddie Mac refinance to lower interest rates even if the value of their homes have dropped. With a HARP loan a conventional mortgage can be refinanced at up to 125% of the current value of the home. This is obviously useful to people who are underwater on their mortgages, but the program is also very useful to people who owe 80-100% of the current value of their home because with the HARP program borrowers can refinance to a lower Fannie/Freddie loan without having to add mortgage insurance.
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When Michelais Josemond bought his two-bedroom condo in Tamarac four years ago, he paid $185,000 and had a property tax bill of about $2,500.
Today, his apartment is worth $18,000 and his tax bill is zero.
He is among the more than 18,800 homeowners in Broward County and 16,700 in Palm Beach County–living in houses, condos or coops–who are not required to pay property taxes because the value of their units is less than their $25,000 homestead exemption.
That’s a 135 percent increase between 2008 and 2010 in Broward, and a 48 percent increase in Palm Beach, county records show.
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Choosing the right brand name is extremely important for luxury real estate marketing professionals. Some of the best brand names deliver an emotional impact that makes it easy to remember and also propels sales. Striking just the right chord with your target market is the key. What emotions are summoned with the name Shark Tank?
Have you ever watched Shark Tank, the TV reality show on ABC? It
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