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The U.S. is cracking down on anonymous real estate buyers
A new rule requires anonymous buyers of high-end real estate properties -- like New York's Time Warner Center condominiums -- to be identified to the government. The government wants to know exactly who is purchasing luxury homes in Manhattan and Miami. The Treasury...
Former Marin mortgage broker sentenced to prison for Ponzi swindle
By Nels Johnson The Marin Independent Journal A former Marin mortgage broker was sentenced to 41 months in prison for her role in a Ponzi scheme in which investors were swindled, federal prosecutors said. Diane Cobb pleaded guilty to "running a fraudulent scheme with...
Walnut Creek Barnes & Noble bookstore closed, new home sought
By Andrew McGall amcgall@bayareanewsgroup.com WALNUT CREEK -- The Barnes and Noble bookstore on South Main Street has closed, seemingly another victim of the city's hugely successful commercial district and the soaring costs of leasing space there. A sign on the door...
The rental market is going gray
Renters are looking a little older these days. Rental applicants tend to conjure up images of recent college grads looking to start their life in the real world. But Millennials are facing increased competition from people who have already spent decades in adulthood,...
Lawsuit challenges Berkeley’s approval of downtown high rise
BERKELEY -- Community activist Kelly Hammargren sued the city in Superior Court Wednesday, contending that city approvals for an 18-story downtown building violate state law by ignoring impacts on nearby schools and small businesses, and by creating a less diverse...
Eastridge mall in San Jose is bought for $200 million
By George Avalos gavalos@bayareanewsgroup.com SAN JOSE -- A joint venture has bought San Jose's landmark Eastridge mall for $200 million and signed high-profile retailer H&M to a lease for the regional mega-mall, executives said Friday. Pacific Retail Capital...