Word: condo
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...Laying off Lay, however, is clearly not on their minds right now. On Monday, the same day that Skilling was sentenced to prison, the government announced that it had filed a civil forfeiture action against the Lay estate. The government is seeking the $2.5 million condo Linda Lay lives in, more than $10 million in the Lay family investment partnership, and $22,680.14 remaining in Lay's bank account. "All proceeds were obtained directly, or indirectly as the result of various federal crimes, including securities fraud, wire fraud and conspiracy to commit securities fraud," the Department of Justice press release...
Cohousing, which debuted in Denmark in the 1970s, is a semi-communal concept in which separate living units--usually attached condo-style--are clustered around a "common house," which, at the very least, has a kitchen, a dining room and a third area for gatherings and activities. The idea is to bring back a time when neighbors were an integral part of one another's lives, sharing meals and recreation--and providing companionship and a helping hand. That concept has been co-opted recently by older people looking for a way to combine their autonomy with access to a supportive...
...forced into bankruptcy protection for the Clift Hotel in San Francisco and had to refinance debt. Last year he left his company, Morgans Hotel Group. Since then, he and his partner, developer Aby Rosen, have been involved in several deals in New York City, including 40 Bond, a condo in NoHo being designed by white-hot architects Herzog & de Meuron, and the Metropolitan Life building...
...prior three, even though probability says the odds are the same for every shot. That explains sellers' reluctance to cut prices, Peterson says. Academic studies also suggest that frustrated sellers take their homes off the market rather than accept lowball offers. It happened in Boston in 1991, when condo prices tanked and two-thirds of the inventory was withdrawn for sale, says Chris Mayer, a Columbia Business School professor. Sellers then had to wait up to six years for prices to hit their previous peak. Robert Shiller, a Yale economist who has long warned of a bubble, thinks price stagnation...
...tallest skyscraper, Alabbar is busy with undertakings from hotels in Miami to a convention center in Hyderabad, India. His eye-catching projects include the $26.6 billion construction of an entire new metropolis in the Saudi Arabian desert to be called King Abdullah Economic City and a global hotel and condo partnership with Italian designer Giorgio Armani...