Archive for May, 2008
Blending Church And Real Estate
It's not surprising that churches lose their importance and value even today. The famous Washington Square Methodist Church located in Manhattan once used to be rather active in the anti-Vietnam War movement and thus has the honor of being known as the "peace church." Forty years have past and the church still remains for New ...
Russian Oil Magnate R.Abramovich Buys Colorado Ranch
Russian oil magnate Roman Abramovich recently bought the Colorado ranch previously belonging to surgical-equipment tycoon Leon Hirsch for $36.3 million. This is already the second property Abramovich has purchased this season. In February he bought a 14,300-square-foot house in Snowmass for $11.8 million. The last purchase has 11 bedrooms, 12 baths, a media room, a ...
Pop Legend Saves His Neverland Ranch
Pop legend Michael Jackson has managed to save his California-based ranch Neverland from being auctioned off. The Neverland ranch faced foreclosure since Jackson defaulted on the $24 million property loan. Jackson purchased Neverland 20 years ago at a cost of $28 million to make a fantasy island for children. In its heyday, Neverland used to have ...
California Man Loses Nine Houses
Los Angeles resident Shawn Forgaard, a 37-year-old software company project manager, bought ten homes -- one to live in with his family, and the other nine as an investment. At the time, however, he didn't realize that this might bring him to bankruptcy. Now he acknowledges that it was a real mistake investing money in real ...
Avril Lavigne’s House For Sale
Even Hollywood celebrities can't avoid the slump in prices for real estate. With property prices falling by 11 percent, rock singer Avril Lavigne has found herself victim to the downturn in the market. As a result, Avril Lavigne's Beverly Hills mansion has been reduced from $6.9 to $5.8 million. According to Forbes, Avril Lavigne has put ...
The House Built In A Former Raiload Station
Steve Sokalsky and his family live in a former railroad station in England called Lenwade. It's hard to say what made Sokalsky make this choice, but maybe it's just a love for trains. The area once used as a ticket window now serves as a children's bedroom, the former platform has become a sun terrace, ...