CraigsArizona

RE News from the web

• Helmsley Estate Sells Manhattan Hotel

  The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million.

• Home Buyers Check Out Apps

  Just in time for the spring house-hunting season, smart-phone applications that provide information to home buyers are proliferating.

• General Growth Debt Bet Pays Off

  A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.

• European REIT Rollout at Hand

  With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand.

• Aerosmith's Kramer Sells Home

  Aerosmith drummer Joey Kramer sells his house for $2.7 million; a Los Cabos, Mexico, property linked to Edra Blixseth goes on the market and Larry Hagman cuts the price of his Ojai, Calif., estate.

• Paging Rapunzel

  A look at homes in Pennsylvania, New York and Massachusetts that come with a turret or two.

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