Real estate developer Louis Ceruzzi has grand plans for a sleek $1 billion Manhattan skyscraper, featuring luxury shops and condos that soar high above Fifth Avenue. Two years after Ceruzzi and a partner bought the site, they have yet to break ground. For now, all he has to show for his trouble is an empty lot, an idle backhoe and scattered piles of rubble. The delay suggests an irony: even with election of Donald Trump, the first developer as...Read More
December 19, 2015
Having your home purchase offer accepted is like getting that runner’s high during a marathon. But hold the Gatorade cooler – the property isn’t yours just yet. During the 30 days (or so) between when your purchase offer is accepted and when the keys are handed to you (commonly referred to as “escrow”), there are many hurdles to overcome.