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Latest property news and updates

Money Matters - Simplified


Apple purchases HP land near its headquarters

Apple has purchased land previously owned by Hewlett Packard (HP) in Cupertino. The land is adjacent to existing property owned by Apple and is just a five minutes drive from its ‘Infinity Loop’ campus.

Most Commonly Ignored Tax Deductions

Our complex tax code often makes us hand over our hard earned money as taxes when in fact we were eligible for a deduction.

MGM Resorts Is Selling Out

MGM Resorts (NYSE: MGM) is making big moves to sell assets and improve its balance sheet, but will it help shareholders in the long run?

Foreclosures: Buying a Home for Less

Bank foreclosures are once in a life time opportunities, to buy homes at rock bottom prices. MT explores the nitty-gritty involved in owning a bank foreclosed property, worth every dollar you invest.

Frank Lloyd Wright homes remain unsold

Pasadena, Calif. -- A historic Frank Lloyd Wright-designed home in Pasadena, Calif., could be dismantled and rebuilt elsewhere, says the real estate agent listing the property.

La Miniatura, one of four textile-block homes designed by Wright, has been on the market for more than two years and reduced in price by more than $2 million, but no one in the United States has offered to purchase it, the Los Angeles Times said Monday.

Los Angeles-based listing agent Crosby Doe said he is talking to an international art dealer with Japanese clients who might be interested in buying it. Asking price: $4.99 million.

Police foil huge water balloon fight

Rexburg, Idaho -- Police in Idaho said they prevented a group of at least 100 students from participating in a water fight due to safety and protection of property concerns.

Rexburg police showed up at Smith Park, the planned site of the water balloon fight between students from Brigham Young University-Idaho, and turned away arriving participants, telling them they would be charged with misdemeanors if they refused to disperse, KIDK-TV, Idaho Falls, Idaho, reported Wednesday.

"We shut them down, because that is not what the parks are for ... If an individual is hurt from a water balloon, there could be criminal charges filed, and I'm sure there would have been if this would have taken place and somebody was injured," police Capt. Randy Lewis said.

'Field of Dreams' farm for sale

Dyersville, Iowa -- The owners of the Iowa farm where the baseball diamond for the 1989 film "Field of Dreams" is still maintained are asking $5.4 million for the property.

Don Lansing, 68, and his wife, Becky, said the Dyersville property, which an estimated 65,000 annual visitors are allowed to wander free of charge, still houses the film's titular field and they have been keeping the cinematic landmark maintained for two decades, the Boston Globe reported Tuesday.

Don Lansing said the high asking price, which has been the subject of criticism from locals, was not motivated by greed.

Burglars raid Cheryl & Ashley Cole's mansion; steal wedding rings

Burglars have reportedly attempted to break into the Surrey mansion of Ashley Cole and his pop star wife Cheryl but fled when they realized the footballer was still inside.

Manhattan records slide in home prices

New York, January 5 -- The real estate market continues to thaw in Manhattan! Home prices have fallen in double digits in the fourth quarter and are down nearly 15 percent from the year ago median prices. The average price per square foot has also fallen by 17 percent.

Chinese premier to check property prices, keep Yuan stable

Beijing, China, December 27 -- In an interview with China's official press agency, Xinhua, Chinese Premier Wen Jiabao said the government would keep a check on its property market and track illegal activities related to housing prices.