Steve Kenosian's (skenosian) Blog

THE TAX DEDUCTION for mortgage interest conferred $104.5 billion on homeowners in fiscal 2011. So the deficit reduction commission chaired by former senator Alan Simpson and former White House chief of staff Erskine Bowles focused on this gargantuan tax expenditure, proposing to convert it into a...

Despite being one of the largest financially struggling landowners in the city, the San Francisco Unified School District has largely failed to actively manage its holdings, leaving a number of valuable properties idle for years. Read More: http://www.nytimes.com/2011/01/02/us/02bcschools.html

Larry Gluck, the apartment building king whose company defaulted on loans in New York, San Francisco, Los Angeles and Washington, recently bought the Windermere Hotel in Manhattan and Tivoli Towers, a subsidized housing complex in Brooklyn. Scott Lawlor is trying to line up wealthy investors afte...

Home values inched up in some of California's lower end markets over the past year, but values continued to drop and sales remained slow in many high-end markets. The economy is recovering, but very slowly—a trend that's expected to continue in 2011. The good news is that homes are moving, if pri...

If your New Year's resolution is to make the shift from renter to homeowner, you should begin preparations on January 1 for an exciting emotional and financial adventure. Before you start the home-buying process, make sure you are ready to buy a home where you will live for three to five years or...

Stocks in the real estate investment trust sector outperformed the S&P 500 in 2010 and are expected to deliver 9% to 11% in total returns in 2011, according to analysts at Keefe, Bruyette & Woods. Read More: http://www.thestreet.com/story/10957386/1/10-top-buy-rated-real-estate-stocks-for-2011.html

Lehman Brothers Holdings Inc. is planning “important” real estate sales in the first half of 2011 as values for its properties rise after the firm’s two years in bankruptcy, Chief Executive Officer Bryan Marsal said. “We have some strategic projects involving some very high- quality assets that w...

The number of contracts to buy previously owned homes rose more than forecast in November, a sign sales are recovering following a plunge after the expiration of a tax credit. Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/30/BUMD1H1Q85.DTL#ixzz19jzscap1

Real estate stocks are leading gains among different sectors in early trade on the last day of the year, as if hoping to defy the downslide that these shares have seen in 2010. Read More: http://blogs.wsj.com/indiarealtime/2010/12/31/will-real-estate-stocks-rise-in-2011/

Scott's Real Estate Investment Trust (TSX: SRQ.UN) ("Scott's REIT"), today announced that it has received a one-month extension on its mortgage that is currently scheduled to mature on January 1, 2011. The extension was granted using the same terms as the original loan - 4.9 per cent interest onl...