Vol. 21 / No. 5 | May 2016 www.realestateindepth.com GM Redevelopment Finally Breaks Ground Stein, who has been involved in trying to develop the property since 1998 when General Motors first contacted him when he was an executive with Roseland Property Co., extolled the virtues of the property’s location.
SUBPRIME MORTGAGE MELTDOWN Edina-based Maribella is the latest casualty in an industry hit by defaults, housing decline. BY JENNIFER BJORHUS Pioneer Press At its peak Maribella Mortgage had 125 employees, operations in Chicago and Milwaukee and investors eager for the subprime mortgages it bundled together at $20 million to $50 million a pop.
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When I sit down face to face with people from all walks of life to interview for this column, the greatest impact usually happens during the interview; some “aha” moment when I understand someone’s.
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Despite a tight economy, little inflation, and stagnant population, Vermont has had only one level-funded budget in decades, and the federal budget has never come close. Vermont increases taxes while Washington, D.C. increases debt. Both face days of reckoning to be passed on to taxpayers. “Spend now, and figure out how to pay later” is an.
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