Will your Memorial Day observances include the Stars and Stripes this year?
The former headquarters of American International Group -- AIG-- in Manhattan will be turned into luxury condos, according to a report by the Wall Street Journal.
October 13, 2009; 5:27 PM ET |
Categories: Buying , Condo/homeowner associations , Funny , Neighborhoods , New construction , Selling , The economy
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At high noon yesterday, federal marshals seized Bernard Madoff's $7 million Manhattan co-op apartment and most of its contents. Ruth Madoff left the apartment shortly before the feds arrived and changed the locks. Marshals also are seizing the couple's homes in Montauk, N.Y, and Palm Beach, Fla. The forfeiture order specified that all "readily salable" personal property in the co-op be handed over to the government, including a $39,000 Steinway piano and a $65,000 set of silverware. The government plans to sell the goods--details on how and when yet to come--and use the proceeds to help make restitution to investors victimized by Madoff's massive Ponzi scheme.
A question from the latest Real Estate Live chat comes from Arlington: live in a townhouse/condo. The homeowner's association is responsible for maintenance of common grounds. Branches from tree on common ground is right up against my home, touching it. I asked HOA to trim back branches. They agree it is their responsibility, but they won't do it because they "don't have the money." What can I do?from Friday, we have the latest installment in Chat Plus.