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(ORLANDO, FL) Y Partnership Releases Travel Insights Report for March 2009 - 03/31/09 08:37 PM
(ORLANDO, FL) Y Partnership Releases Travel Insights Report for March 2009(ORLANDO, FL) -- Most industry chatter is replete with anecdotal reports of cancelled business trips, meeting planners who are re-booking groups to more cosmetically "acceptable" venues in order to avoid the glare of the press, and postponed vacations. Yet the...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(HOPEWELL, NJ) Skanska Wins $134M Hospital Construction Job in Hopewell, NJ - 03/31/09 08:37 PM
(HOPEWELL, NJ) Skanska Wins $134M Hospital Construction Job in Hopewell, NJ(HOPEWELL, NJ) -- Skanska, an $18 billion international general contractor based in Stockholm, has won a $134 million contract to build a two-building, 968,760-square-foot hospital complex in Hopewell, NJ for Capital Health.Construction industry sources say it is too early toREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(PORTSMOUTH, NH) Lodging Econometrics Releases Q4 2008 Report for the Global Hotel Construction Pipeline - 03/31/09 04:05 PM
(PORTSMOUTH, NH) Lodging Econometrics Releases Q4 2008 Report for the Global Hotel Construction Pipeline(PORTSMOUTH, NH) -- Except for a few countries, Construction Pipeline totals worldwide peaked for the cycle by Q2 2008. Sensing an economic slowdown and an impending financial crisis,READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) The New Year Didn't Change the Downward Spiral of Residential Real Estate Prices According to the S&P/Case-Shiller Home Prices Indices - 03/31/09 04:05 PM
(NEW YORK, NY) The New Year Didn't Change the Downward Spiral of Residential Real Estate Prices According to the S&P/Case-Shiller Home Prices Indices(NEW YORK, NY) -- Data through January 2009, released today by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, shows . at Wyndham Hotels and Resorts...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(DUBAI, U.A.E.) Nakheel Communities Make a Difference during Earth Hour - 03/30/09 07:34 PM
(DUBAI, U.A.E.) Nakheel Communities Make a Difference during Earth Hour(DUBAI, U.A.E.) -- Residents in Nakheel's communities turned off the lights during Earth Hour Saturday after being encouraged by the developer. Earth Hour 2009 - Palm Jumeirah Shoreline before People living in Palm Jumeirah, The Gardens, Jumeirah Islands, International City,... READ FULL STORY HERE: (www.RealEstateChannel.com)
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(PARSIPPANY, NJ) Wyndham Wins Honors for Plastic Staff Suits - 03/30/09 07:34 PM
(PARSIPPANY, NJ) Wyndham Wins Honors for Plastic Staff Suits(PARSIPPANY, NJ) -- How 'green' can the workplace get? How far should business go towards 'saving the planet'? For one answer, check out Wyndham.Jeff Wagoner Bellboys, desk clerks, concierge captains, maids and backroom support staff at Wyndham Hotels and Resorts...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) 2008 Second-Home Sales Decline; More Buyers Pay Cash - 03/30/09 07:33 PM
(WASHINGTON, D.C.) 2008 Second-Home Sales Decline; More Buyers Pay Cash(WASHINGTON, D.C.) -- The combination of vacation and investment-home sales slipped to 30 percent of all existing and new-home transactions in 2008, according to the National Association of Realtors. However, more than four READ FULL STORY HERE: (www.RealEstateChannel.com)
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(RWANDA, EAST-CENTRAL AFRICA) Rwanda Pushing for 6,000 Hotel Rooms by 2012 - 03/30/09 07:32 PM
(RWANDA, EAST-CENTRAL AFRICA) Rwanda Pushing for 6,000 Hotel Rooms by 2012(RWANDA, EAST-CENTRAL AFRICA) -- Supporting the densest population in continental Africa, the Republic of Rwanda is mounting a media campaign to draw attention to its lack of hotel rooms, lack of hotel facilities, lack of competent staff and generally lack of being anything but an international leisure destination. READ FULL STORY HERE: (www.RealEstateChannel.com)
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(LOS ANGELES, CA) Candy Spelling Lists Holmby Hills Home for $150M; Highest Asking Price in United States - 03/30/09 07:32 PM
(LOS ANGELES, CA) Candy Spelling Lists Holmby Hills Home for $150M; Highest Asking Price in United States(LOS ANGELES, CA) -- Candy Spelling, widow of prolific TV producer Aaron Spelling, has put her Holmby Hills home, known as "The Manor," on the market at $150 million. It is believed to be the highest asking price for a single-family home in the United StatesREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(SINGAPORE) InterContinental Hotels & Resorts Launch Okinawa's First Luxury Resorts - 03/27/09 05:55 PM
(SINGAPORE) InterContinental Hotels & Resorts Launch Okinawa's First Luxury Resorts(SINGAPORE) -- InterContinental Hotels Group Asia Pacific today announced the launch of two new co-branded resorts in Okinawa, Japan - ANA InterContinental Manza Beach Resort and ANA InterContinental Ishigaki Resort. These resorts will be the first international luxury resorts ...
READ FULL STORY HERE: (www.RealEstateChannel.com)
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(SANTA ANA, CA) Logistics Space Vacancy Rises as New Construction Slows - 03/27/09 05:54 PM
(SANTA ANA, CA) Logistics Space Vacancy Rises as New Construction Slows(SANTA ANA, CA) -- Logistics properties, the single commercial real estate category that has held up well during the country's two-year financial crisis, now faces a shrinking inventory."The construction pipeline for logistics space is emptying rapidly," reports Bob Bach, senior...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(ABU DHABI, U.A.E.) Sustainable Model Villas at alghadeer Sorouh on Abu Dhabi-Dubai Border - 03/27/09 05:54 PM
(ABU DHABI, U.A.E.) Sustainable Model Villas at alghadeer Sorouh on Abu Dhabi-Dubai Border(ABU DHABI, U.A.E.) -- One of Abu Dhabi's leading real estate developers is planning for the future when the two main cities of the UAE are expected to look more like one metropolitan area. This week Sorouh Real Estate PJSC...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(LONDON, UK & HENDERSONVILLE, TN) STR Global Releases Worldwide Hotel Performance Results for February - 03/27/09 05:54 PM
(LONDON, UK & HENDERSONVILLE, TN) STR Global Releases Worldwide Hotel Performance Results for February(LONDON, UK & HENDERSONVILLE, TN) -- The Americas region reported declines in all three key performance metrics when reported in U.S. dollars for February 2009, according to data compiled by STR and STR Global.READ FULL STORY HERE: (www.RealEstateChannel.com)
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Dr. McDreamy Puts Bel-Air Home On The Market - 03/27/09 05:53 PM
Dr. McDreamy Puts Bel-Air Home On The MarketDr. McDreamy puts his Bel-Air home on the market Actor Patrick Dempsey, known to his fans as the handsome Dr. McDreamy on "Grey's Anatomy," has put his New England traditional in Bel-Air on the market at just under $3.6 million...READ FULL STORY HERE: (www.RealEstateChannel.com)
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Q & A with Barbara Corcoran - 03/27/09 05:53 PM
Q & A with Barbara CorcoranQ1 - Concerned that by shopping around I could affect my credit rating because there will be multiple credit checks. Where should I go to know that I have shopped around for the best rate possible?A - You can...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(THE COLONY, TX) New Dallas-area Golf Community Releases First Wave of Homesites - 03/27/09 05:52 PM
(THE COLONY, TX) New Dallas-area Golf Community Releases First Wave of Homesites(THE COLONY, TX) -- There was a time when the Dallas area would welcome a dozen new golf courses a year. But the golf course development boom is over, at least inREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(RIVIERA MAYO, MEXICO) Spanish Banks Back $2.5B New Leisure Destination in Mexico Caribbean - 03/26/09 07:01 PM
(RIVIERA MAYO, MEXICO) Spanish Banks Back $2.5B New Leisure Destination in Mexico Caribbean
(RIVIERA MAYO, MEXICO) -- While Mexican drug wars currently make the headlines, a new vacation oasis is being born quietly in the Mexico Caribbean market. With the backing of Spain-based Bancaja and Banco de Valencia, Mexico developer Grupo Grand Coral.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(MCLEAN, VA) Another Record Low Set For Long-Term Mortgage Rates - 03/26/09 07:01 PM
(MCLEAN, VA) Another Record Low Set For Long-Term Mortgage Rates(MCLEAN, VA) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.85 percent with an average 0.7 point for the week ending March 26, 2009,
READ FULL STORY HERE: (www.RealEstateChannel.com)
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(HENDERSONVILLE, TN) STR Reports U.S. Hotel Performance Down In February - 03/26/09 06:56 PM
(HENDERSONVILLE, TN) STR Reports U.S. Hotel Performance Down In February(HENDERSONVILLE, TN) -- The U.S. hotel industry posted declines in three key performance measurements during the month of February, according to data from STR. In year-over-year measurements, the industry's occupancy fell 10.1 percent to end the month at 53.2 percent. Average daily rate dropped 7.8 percent to finishREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) Starwood Creating New Design, Branding and Retail Think Tank in Manhattan - 03/25/09 05:02 PM
(NEW YORK, NY) Starwood Creating New Design, Branding and Retail Think Tank in Manhattan(NEW YORK, NY) -- Starwood Hotels & Resorts Worldwide Inc. isn't waiting for the leisure market to recover - it is moving ahead quickly with new design and branding concepts.In the process, the international lodging company is also consolidating office...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(FORT WORTH, TX) The Tower in Downtown Fort Worth, TX Gets New Owner in Multi-Million-Dollar Deal - 03/25/09 05:01 PM
(FORT WORTH, TX) The Tower in Downtown Fort Worth, TX Gets New Owner in Multi-Million-Dollar Deal(FORT WORTH, TX) -- The Tower, a two-building, 182,000-square-foot office-retail-residential landmark property in Downtown Fort Worth, TX, has a new owner today.StarPoint Commercial Properties of Beverly Hills, CA purchased the 37-story asset from Chicago-based TLC Green Property Associates in...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) Fitch Sees New Wave of Retail Loan Defaults on Horizon - 03/25/09 05:00 PM
(NEW YORK, NY) Fitch Sees New Wave of Retail Loan Defaults on Horizon(NEW YORK, NY) -- Not intending to be another gloom and doomer, Fitch Ratings, however, sees no quick turnaround in sight for the retail investment market.Retail loans are likely to trend upward for the next several years as defaults on...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(LOS ANGELES, CA) California Association of Realtors Reports February Home Sales Increased 83 Percent; Median Home Price Declined 40.8 Percent - 03/25/09 05:00 PM
(LOS ANGELES, CA) California Association of Realtors Reports February Home Sales Increased 83 Percent; Median Home Price Declined 40.8 Percent(LOS ANGELES, CA) (March 25) -- Home sales increased 83 percent in February in California compared with the same period a year ago, while the median price of an existing home declined 40.8 percent, the California Association of Realtors (C.A.R.) reported today.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) 10 Biggest Risks Faced by Real Estate Companies - 03/25/09 04:59 PM
(NEW YORK, NY) 10 Biggest Risks Faced by Real Estate Companies(NEW YORK, NY) -- Unlike the Obama Administration's generally positive outlook for the financial markets, global accounting firm Ernst & Young sees no speedy improvement coming that will help the real estate industry this year. "The real estate sector has felt the tightening conditions in credit markets READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) Federal Reserve's Announcement Spurs Refinance Activity in Latest MBA Weekly Survey - 03/25/09 04:58 PM
(WASHINGTON, D.C.) Federal Reserve's Announcement Spurs Refinance Activity in Latest MBA Weekly Survey(WASHINGTON, D.C.) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1159.4, an increase of 32.2 percent on a seasonally adjusted basis from 876.9 one week earlier.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) U.S. Monthly House Price Index Estimates 1.7 Percent Price Increase From December To January - 03/24/09 06:34 PM
(WASHINGTON, D.C.) U.S. Monthly House Price Index Estimates 1.7 Percent Price Increase From December To January(WASHINGTON, D.C.) -- U.S. home prices rose 1.7 percent on a seasonally-adjusted basis from December to January, according to the Federal Housing Finance Agency's monthly House Price Index.
READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) MBA Calls for Uniform National Regulation of Mortgage Lending - 03/24/09 06:33 PM
(WASHINGTON, D.C.) MBA Calls for Uniform National Regulation of Mortgage Lending(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) sent a letter today to the Chairmen and Ranking Members of the House Financial Services and Senate Banking Committees calling for legislation that would establish a tough, new federal regulatory framework for mortgage lending to protect borrowers nationwide. READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, DC) MBA Boosts Originations Forecast By Over $800 Billion, 2009 Could Be Fourth Highest On Record - 03/24/09 06:32 PM
(WASHINGTON, DC) MBA Boosts Originations Forecast By Over $800 Billion, 2009 Could Be Fourth Highest On Record(WASHINGTON, DC) -- The Mortgage Bankers Association today increased its forecast of mortgage originations in 2009 by over $800 billion. MBA now expects originations to total $2.78 trillion, which would make 2009 the fourth highest originations year on record, behind only 2002, 2003 and 2005. READ FULL STORY HERE: (www.RealEstateChannel.com)
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(GENEVA, SWITZERLAND) Air Carriers' Grim Prospects - Deep Recession, Bigger Losses - 03/24/09 06:30 PM
(GENEVA, SWITZERLAND) Air Carriers' Grim Prospects - Deep Recession, Bigger Losses(GENEVA, SWITZERLAND) -- The International Air Transport Association (IATA) announced a revised outlook for the global air transport industry with losses of US $4.7 billion in 2009. This is significantly worse than IATA's December forecast for a US $2.5 billion loss in 2009, reflecting the rapid deterioration of the global economic conditions.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(LAS VEGAS, NV) MGM Mirage Closes $775M Hotel Sale as Dubai World Sues on $8B Mixed-Use Project - 03/23/09 07:48 PM
(LAS VEGAS, NV) MGM Mirage Closes $775M Hotel Sale as Dubai World Sues on $8B Mixed-Use Project(LAS VEGAS, NV) -- Billionaire Phil Ruffin today closed a previously reported deal to buy the 2,885-room Treasure Island Hotel and Casino on the Las Vegas Strip for $775 million. Real Estate Channel reported the transaction Dec. 16, 2008.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(ORLANDO, FL) Florida's Existing Home, Condo Sales Rise in February 2009 - 03/23/09 07:48 PM
(ORLANDO, FL) Florida's Existing Home, Condo Sales Rise in February 2009(ORLANDO, FL) -- Florida's existing home sales rose in February, making it the sixth consecutive month that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR).READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) Existing-Home Sales Rise In February - 03/23/09 07:47 PM
(WASHINGTON, D.C.) Existing-Home Sales Rise In February(WASHINGTON, D.C.) -- Existing-home sales increased in February, reversing losses in January. Even so, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect,READ FULL STORY HERE: (www.RealEstateChannel.com)
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(ABU DHABI, U.A.E.) 6th Annual Abu Dhabi Music and Arts Festival Opens - 03/23/09 07:47 PM
(ABU DHABI, U.A.E.) 6th Annual Abu Dhabi Music and Arts Festival Opens(ABU DHABI, U.A.E.) -- The 6th Annual Abu Dhabi Music and Arts Festival opened tonight at the Emirates Palace auditorium with an opera gala featuring Angela Gheorghiu, one of the world's most dynamic sopranos. Angela Gheorghiu Partnering with tenor Jonas.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(GRETNA, LA) Fourth General Growth Properties Mall Seized - 03/23/09 07:46 PM
(GRETNA, LA) Fourth General Growth Properties Mall Seized(GRETNA, LA) -- Four of General Growth Properties Inc.'s 200 shopping centers today are under court supervision. The latest property to fall from the Chicago-based developer's grip is the 1.1-million-sf Oakwood Shopping Center in the New Orleans suburb of GretnaREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(HOBOKEN, NJ) Battle for Capital Intensifies as Debt Funds Multiply - 03/23/09 07:46 PM
(HOBOKEN, NJ) Battle for Capital Intensifies as Debt Funds Multiply(HOBOKEN, NJ) -- Debt funds, the newest players in the commercial real estate capital markets arena, are growing but most remain cautious on investments, according to a new analysis by Commercial Mortgage Alert and its affiliate, Real Estate Alert.The biggest...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) Silverstein Seeks Federal Aid to Rebuild Estimated $20B World Trade Center Project - 03/23/09 07:46 PM
(NEW YORK, NY) Silverstein Seeks Federal Aid to Rebuild Estimated $20B World Trade Center Project(NEW YORK, NY) -- New York developer Larry Silverstein, down to his last $1 billion of insurance proceeds, is asking the federal government for a loan to complete the delayed 16-acre World Trade Center site in lower Manhattan.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(ORLANDO, FL) Tavistock Group, Tiger Woods and Friends Host Unique 'Member-Guest' Golf Event - 03/20/09 05:08 PM
(ORLANDO, FL) Tavistock Group, Tiger Woods and Friends Host Unique 'Member-Guest' Golf Event(ORLANDO, FL) -- In 2005, when CNBC provided news coverage of the second-ever Tavistock Cup, an annual golf tournament pitting touring professional golf members of Lake Nona and Isleworth Golf & Country Clubs, the cable business news channel billed the private Orlando event as the "Toughest Ticket in Sports."READ FULL STORY HERE: (www.RealEstateChannel.com)
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(MIAMI, FL) Honduras' Pristine Bay Resort Project Exhibits High-Profile Presence at Doral - 03/20/09 05:07 PM
(MIAMI, FL) Honduras' Pristine Bay Resort Project Exhibits High-Profile Presence at Doral(MIAMI, FL) -- Golf fans around the world had their eyes set on Florida's classic Doral Resort and Spa last weekend as Tiger Woods played in his second tournament since coming...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) Commercial Real Estate Buying Opportunities Surfacing, Pricewaterhouse Reports - 03/20/09 05:07 PM
(NEW YORK, NY) Commercial Real Estate Buying Opportunities Surfacing, Pricewaterhouse Reports(NEW YORK, NY) -- If you are a commercial real estate buyer, these are the best of times. If you are a seller, these are the worst of times. That's the gist of the first quarter 2009 PricewaterhouseCoopers Korpacz RealREAD FULL STORY HERE: (www.RealEstateChannel.com)
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Q & A with Barbara Corcoran - 03/20/09 05:06 PM
Q & A with Barbara CorcoranQ1 - My husband and I have our house on the market in South Florida. We want to buy a larger home and take advantage of the lower house prices. Is it a good idea to take that loss...READ FULL STORY HERE: (www.RealEstateChannel.com)
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Hefners List House Where Sons Were Raised - 03/20/09 05:06 PM
Hefners List House Where Sons Were RaisedHugh Hefner and his wife, Kimberley, bought a home about a dozen years ago that they have just put on the market for close to $28 million. The couple purchased the home, next to the party-friendly Playboy mansion in Holmby...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(SHANGHAI, CHINA) Move Over, Motel 6 -- This China Chain Has Everybody Beat - 03/19/09 07:30 PM
(SHANGHAI, CHINA) Move Over, Motel 6 -- This China Chain Has Everybody Beat(SHANGHAI, CHINA) -- Going abroad and hunting for a good hotel stayover deal? Look no further than the Bestay Hotel Express. It's a new brand in China offering compact nightly rooms for 120 yuan. Right now, that's $17.58 in U.S...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(MCLEAN, VA) Bond Yields Pull Long-Term Mortgage Rates Down To Near Record Lows This Week - 03/19/09 07:29 PM
(MCLEAN, VA) Bond Yields Pull Long-Term Mortgage Rates Down To Near Record Lows This Week(MCLEAN, VA) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an average 0.7 point for the week ending March 19, 2009, down from last week when it averaged 5.03 percent. READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) Commercial Real Estate Buying Opportunities Surfacing, Pricewaterhouse Reports - 03/19/09 07:29 PM
(NEW YORK, NY) Commercial Real Estate Buying Opportunities Surfacing, Pricewaterhouse Reports(NEW YORK, NY) -- If you are a commercial real estate buyer, these are the best of times. If you are a seller, these are the worst of times. That's the gist of the first quarter 2009 PricewaterhouseCoopers Korpacz RealREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) Administration Launches New Consumer Website for Responsible Homeowners Seeking Relief - 03/19/09 07:28 PM
(WASHINGTON, D.C.) Administration Launches New Consumer Website for Responsible Homeowners Seeking Relief(WASHINGTON, D.C.) -- The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today launched a new website (http://makinghomeaffordable.gov) for consumers seeking information about the Obama Administration's Making Home AffordableREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) Fannie Mae Refinancing Volume Jumps to $41 Billion in February - 03/19/09 07:28 PM
(WASHINGTON, D.C.) Fannie Mae Refinancing Volume Jumps to $41 Billion in February(WASHINGTON, D.C.) -- Fannie Mae (NYSE/FNM) announced on Wednesday that the company's refinancing volume jumped to more than $41 billion in February, nearly three times the refinancing volume the company experienced during the month of January and the largest refinancing volume in nearly a yearREAD FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) Low Rates Boost Refinance Activity in Latest MBA Weekly Survey - 03/18/09 05:29 PM
(WASHINGTON, D.C.) Low Rates Boost Refinance Activity in Latest MBA Weekly Survey(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 13, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 876.9, an increase of 21.2 percent on a seasonally adjusted basis from 723.4 one week earlier.
READ FULL STORY HERE: (www.RealEstateChannel.com)
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(DUBAI, U.A.E.) KidZania Readies for Opening at Dubai Mall; Offering Role-play Edu-tainment for Children - 03/18/09 05:29 PM
(DUBAI, U.A.E.) KidZania Readies for Opening at Dubai Mall; Offering Role-play Edu-tainment for Children
(DUBAI, U.A.E.) -- Children can soon experience their ambition to become anything from pilots to fashion models to doctors or bankers, as the first KidZania edutainment attraction in the Middle East opens in The Dubai Mall in the third quarter of this year. Based on role play, the oldest game of all, KidZania is one of the world's most popular children's entertainment concepts
READ FULL STORY HERE: (www.RealEstateChannel.com)
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(SINGAPORE) Big-Name French Contractor Signs $120M Deal to Build Mixed-Use Project in Indonesia - 03/17/09 07:19 PM
(SINGAPORE) Big-Name French Contractor Signs $120M Deal to Build Mixed-Use Project in Indonesia (SINGAPORE) -- Bouygues Batiment International, a 57-year-old, France-based contractor, today signed a strategic partnership contract with PT Grand Uway Development of Batam, Indonesia, to build a $120 million mixed use project 45 minutes from Singapore.The first phase of Grand Quarter.READ FULL STORY HERE: (www.RealEstateChannel.com)
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(CAPE CORAL, FL) Multi-Million-Dollar Lawsuits Filed in Florida and California Against Engle Homes Over Chinese Drywall - 03/17/09 07:19 PM
(CAPE CORAL, FL) Multi-Million-Dollar Lawsuits Filed in Florida and California Against Engle Homes Over Chinese Drywall(CAPE CORAL, FL) -- Just when you thought there couldn't be any more bad news about the nation's housing industry, here comes a multi-million-dollar class action lawsuit filed against one of the country's largest homebuilders.Filed today in Lee County Circuit...READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.)Housing Starts Regain Some Ground In February - 03/17/09 07:18 PM
(WASHINGTON, D.C.)Housing Starts Regain Some Ground In February(WASHINGTON, D.C.) -- Nationwide housing starts turned upward for the first time in eight months this February, posting a 22.2 percent gain that was due primarily to a big bump on the often-volatile multifamily side, according to numbers released from the U.S. Commerce Department today. "While welcome news, this gain only reflects a modest rebound from January, which was the worst month in history for new-home production," said NAHB Chief Economist David Crowe. READ FULL STORY HERE: (www.RealEstateChannel.com)
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(CHICAGO, IL) General Growth Wins Breather but Hedge Fund Manager Predicts Bankruptcy Filing Coming - 03/17/09 07:18 PM
(CHICAGO, IL) General Growth Wins Breather but Hedge Fund Manager Predicts Bankruptcy Filing Coming(CHICAGO, IL) -- Debt-loaded General Growth Properties Inc. said today some of its lenders have agreed to hold off calling in about 41 percent of $2.6 billion in past-due loans until Dec. 31.But the company's subsidiary, The Rouse Co., was... READ FULL STORY HERE: (www.RealEstateChannel.com)
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(WASHINGTON, D.C.) Builder Sentiment Unchanged In March - 03/17/09 12:41 AM
(WASHINGTON, D.C.) Builder Sentiment Unchanged In March(WASHINGTON, D.C.) -- Builder confidence in the market for newly built single-family homes remained unchanged in March as economic woes continued to take their toll on potential buyers, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today READ FULL STORY HERE: (www.RealEstateChannel.com)
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(BROOKLINE, MA) Big-Name Boston-Area Owners Trade Residential Properties in 3 Multi-Million-Dollar Deals - 03/17/09 12:40 AM
(BROOKLINE, MA) Big-Name Boston-Area Owners Trade Residential Properties in 3 Multi-Million-Dollar Deals (BROOKLINE, MA) -- Big-Name Boston-area residential real estate brokerage owners played musical chairs today with big bucks involved in the three deals.About 500 agents work at the 15 offices that are part of the transaction.In Brookline, MA, Saul B. Cohen READ FULL STORY HERE: (www.RealEstateChannel.com)
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(NEW YORK, NY) The Prospects of Bank Nationalization and Potential Affects on Commercial Real Estate - 03/17/09 12:40 AM
(NEW YORK, NY) The Prospects of Bank Nationalization and Potential Affects on Commercial Real Estate
(NEW YORK, NY) -- Nationalization of our banks has been a popular topic in newspapers and on business television for the past few months which should be no surprise. Thus far in this economic cycle, 43 banks have failed and there are an additional 200
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(NEW YORK, NY) Colonial Properties Scores Passing Grade on Some Bonds; Gets Warning on Others - 03/16/09 05:23 PM
(NEW YORK, NY) Colonial Properties Scores Passing Grade on Some Bonds; Gets Warning on Others(NEW YORK, NY) -- Colonial Properties Trust, one of the largest multifamily and office developers in the nation, received some good news and some not-so-good news in the mail today.Birmingham, AL-based Colonial Properties Trust and CLP, its operating partnership, have...
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(DURHAM, NH) Forecaster Says February Marked 16th Month of Recession for Hotel Industry - 03/16/09 05:23 PM
(DURHAM, NH) Forecaster Says February Marked 16th Month of Recession for Hotel Industry(DURHAM, NH) -- If you like numbers, you'll enjoy the Hotel Industry Pulse Index for February. If you are a hotelier, you won't like the numbers at all.The Index tracks monthly overall business conditions in the hotel industry, like the...
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(DUBAI, U.A.E.) 61 New Hotels Valued at $8.8 Billion in Gulf by end 2010 - 03/16/09 05:22 PM
(DUBAI, U.A.E.) 61 New Hotels Valued at $8.8 Billion in Gulf by end 2010(DUBAI, U.A.E.) -- Sixty-one new hotels are due to go on line by the end of 2010 in the countries of the Arabian Gulf, according to a new survey released today. The total value of the properties is $8.8 billion...
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(BROOMFIELD, CO) Vail Resorts CEO and Employees Take Pay Cut Expected to Yield Annual Savings of $10M - 03/16/09 05:22 PM
(BROOMFIELD, CO) Vail Resorts CEO and Employees Take Pay Cut Expected to Yield Annual Savings of $10M(BROOMFIELD, CO) -- Vail Resorts Inc. CEO Robert A. Katz and his 2,500 employees have agreed to take a pay cut in a voluntary strategy to reduce the company's expenses and save jobs. The leading mountain resort operator in the U.S. reported the action to the Securities and Exchange Commission. Katz, 42, will not take any salary for a 12-month period
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(NEW YORK, NY) Vantage Properties Kicks Off Energy Saving Program at 139 Properties - 03/13/09 05:17 PM
(NEW YORK, NY) Vantage Properties Kicks Off Energy Saving Program at 139 Properties (NEW YORK, NY) -- President Barack Obama's oratory on energy saving is beginning to catch the attention of the real estate industry.In New York City specifically, where air quality is almost always a controversial topic, Vantage Properties LLC today began
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Steep Discounts, Club Incentives Prove Successful at WCI Communities - 03/13/09 05:16 PM
The Latest in Luxury Resort & Real Estate News
Steep Discounts, Club Incentives Prove Successful at WCI Communities (PALM BEACH GARDENS, FL) -- Nobody needs to be told it's a fantastic time to buy property in Florida, a highly desirable Sun Belt destination where supply still greatly exceeds demand..
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Q & A with Barbara Corcoran - 03/13/09 05:15 PM
Q & A with Barbara Corcoran
Q1 -- I've been unemployed for a while, but I have been able to keep up with all my bills and have a FICO score of 720.
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A-Rod Makes Deal Near Sheik's Unit - 03/13/09 05:15 PM
A-Rod Makes Deal Near Sheik's Unit Yankee star Alex Rodriguez has gone to contract on selling his Trump Park Avenue apartment, listed most recently at $10 million. At the same time, A-Rod's neighbor, Sheik Abdul Aziz al-Thani of Qatar, cut the asking price on his.
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(CHICAGO, IL) Clock Ticking on Bankruptcy-Saving Deal for General Growth Properties and Subsidiary - 03/12/09 04:49 PM
(CHICAGO, IL) Clock Ticking on Bankruptcy-Saving Deal for General Growth Properties and Subsidiary(CHICAGO, IL) -- March 16 at 5 p.m. New York City time - that's the deadline shopping center giant General Growth Properties Inc. and its subsidiary, The Rouse Co., have given their lenders to pull back the foreclosing reins on..
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(MCLEAN, VA) Mortgage Rates Fall Back A Bit This Week - 03/12/09 04:48 PM
(MCLEAN, VA) Mortgage Rates Fall Back A Bit This Week(MCLEAN, VA) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.03 percent with an average 0.7 point for the week ending March 12, 2009, down from last week when it averaged 5.15 percent.
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(ARLINGTON, VA) NYSE Halts Trading of Interstate Hotels & Resorts Common Stock - 03/12/09 04:48 PM
(ARLINGTON, VA) NYSE Halts Trading of Interstate Hotels & Resorts Common Stock(ARLINGTON, VA) -- Interstate Hotels & Resorts, a major national and international player, is no longer trading on the New York Stock Exchange. The NYSE halted trading today of the company's common stock under the ticker symbol IHR because the.
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(FAIRFAX COUNTY, VA) Hilton Signs 10-Year, 108,000-SF Lease for Estimated $20M in Fairfax County, VA - 03/12/09 04:47 PM
(FAIRFAX COUNTY, VA) Hilton Signs 10-Year, 108,000-SF Lease for Estimated $20M in Fairfax County, VA(FAIRFAX COUNTY, VA) -- Hilton Hotels Corp. today signed a 10-year lease for about 108,000 sf of Class A office space at the 11-story, 323,000-sf Park Place II in the commercially hot Tysons Corner area of Fairfax County.
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(WASHINGTON, D.C.) Credit Markets and Economy Add Pressure to Commercial Mortgage Performance - 03/12/09 04:46 PM
(WASHINGTON, D.C.) Credit Markets and Economy Add Pressure to Commercial Mortgage Performance(WASHINGTON, D.C.) -- The weakening economy and continued credit crunch contributed to increases in commercial/multifamily mortgage delinquencies during the fourth quarter of 2008, according to the Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association (MBA)
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(IRVINE, CA) Foreclosure Activity Rises 6% in February, RealtyTrac Reports - 03/12/09 04:46 PM
(IRVINE, CA) Foreclosure Activity Rises 6% in February, RealtyTrac Reports(IRVINE, CA) -- No one expected a miracle housing foreclosure turnaround in February and it never arrived, reports Jim Saccacio, CEO at Irvine, CA-based RealtyTrac. Instead, foreclosure activity increased 6 percent in February; the third highest monthly total in RealtyTrac's reporting history.
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(SACRAMENTO, CA) Foreclosure Analyst Predicts Housing Rally On Way - 03/11/09 04:26 PM
(SACRAMENTO, CA) Foreclosure Analyst Predicts Housing Rally On Way (SACRAMENTO, CA) -- Despite government efforts to stem the foreclosure tide, California-based housing analyst Alexis S. McGee predicts a buying rally is imminent."I see a housing rally ahead because consumers simply can't afford to sit on the sidelines any longer,"..
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(ALEXANDRIA, VA) Self Storage Economic Summit On Tap for Dallas, April 1-3 - 03/11/09 04:25 PM
(ALEXANDRIA, VA) Self Storage Economic Summit On Tap for Dallas, April 1-3
(ALEXANDRIA, VA) -- The $20 billion self-storage industry, a commercial real estate-related segment that normally garners few daily headlines, will be in the spotlight April 1-3 in Dallas, TX.That is where representatives of 3,000 members of the Self Storage Association.
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(CHICAGO, IL) Prime Group Realty Trust Wins Breather on $120M Loan - 03/11/09 04:24 PM
(CHICAGO, IL) Prime Group Realty Trust Wins Breather on $120M Loan
(CHICAGO, IL) -- Prime Group Realty Trust, a major office building owner and hotel investor, has won a two-month extension for making a $41 million payment on a $120 million loan from Citicorp USA Inc. The loan balance is $81.5..
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(NEW YORK, NY) No Big Surprise: Residential Agents' Total 2008 Commissions Down by $12B - 03/11/09 04:23 PM
(NEW YORK, NY) No Big Surprise: Residential Agents' Total 2008 Commissions Down by $12B (NEW YORK, NY) -- 2008 wasn't the best commission year for residential real estate agents but it wasn't the worst year, either, according to new data posted today by New York-based ForSaleByOwner.com. Total 2008 commissions were $46.4 billion compared to $58.4 billion in 2007 and $67.5 billion in 2006. The best commission year was 2005...
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(WASHINGTON, D.C.) Mortgage Applications Increase in Latest MBA Weekly Survey - 03/11/09 04:20 PM
(WASHINGTON, D.C.) Mortgage Applications Increase in Latest MBA Weekly Survey (WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 6, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 723.4, an increase of 11.3 percent on a seasonally adjusted basis from 649.7 one week earlier
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(NEW YORK, NY) Prudential Douglas Elliman Releases 10-Year Manhattan Townhouse Report - 03/10/09 06:44 PM
(NEW YORK, NY) Prudential Douglas Elliman Releases 10-Year Manhattan Townhouse Report
(NEW YORK, NY) -- New records reached for all price indicators. The annual median sales price of a Manhattan townhouse was a record $4,995,000 this quarter, up 59.8% from the prior year median sales price of $3,125,000. Average sales price showed the same pattern, rising 58.3% to a record $7,372,987 from $4,658,155 over the prior year
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(HOBOKEN, NJ) One-Third of Top 30 Insurers on the Lending Sidelines - 03/10/09 06:43 PM
(HOBOKEN, NJ) One-Third of Top 30 Insurers on the Lending Sidelines
(HOBOKEN, NJ) -- More than one-third of the top 30 largest insurance companies in the U.S. have stopped making commercial real estate loans, reports Commercial Mortgage Alert, an industry newsletter that has been covering the market since the 1980s.The list...
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(NEW YORK, NY) New York Times Co. Sells Part of Headquarters Space in $225M Sale-Leaseback Deal - 03/09/09 05:10 PM
(NEW YORK, NY) New York Times Co. Sells Part of Headquarters Space in $225M Sale-Leaseback Deal
(NEW YORK, NY) -- It isn't often that a big media player itself gets involved in a major real estate deal but that's what happened today in New York. The New York Times Co. sold 21 floors of its condominium office space totaling 750,000 square feet in the two-year-old, 1.5-million-square-foot headquarters building. The buyer was New York-based W.P. Carey & Co...
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(SAN DIEGO, CA) NorthMarq Capital Sees Chance to Grow in Down Market - 03/09/09 05:09 PM
(SAN DIEGO, CA) NorthMarq Capital Sees Chance to Grow in Down Market(SAN DIEGO, CA) -- Ignoring a battered commercial real estate mortgage market, NorthMarq Capital has opened its 31st regional office in San Diego, CA.The office will specialize in multifamily originations with Freddie Mac and Fannie Mae. Bloomington, MN-based NorthMarq has...
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(BAJA, MEXICO) Investors Out $32M as Trump Ocean Resort Baja Goes Belly-up - 03/09/09 05:08 PM
(BAJA, MEXICO) Investors Out $32M as Trump Ocean Resort Baja Goes Belly-up(BAJA, MEXICO) -- There is no joy in Trumpville today. The mighty Donald has struck out - again. New York entrepreneur Donald J. Trump's planned 526-suit Trump Ocean Resort Baja - 30 minutes south of Downtown San Diego - is nothing but a deep hole in the ground today.
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(CHARLOTTE, NC) Boston's CresaPartners Enters Charlotte Office Market Despite Softening Signals - 03/06/09 04:57 PM
(CHARLOTTE, NC) Boston's CresaPartners Enters Charlotte Office Market Despite Softening Signals (CHARLOTTE, NC) -- Boston-based CresaPartners, an international corporate real estate advisory firm, has entered the Charlotte, NC office market even as vacancy rates climb and sales prices decline.The firm deals exclusively with tenants. "We will offer tenants a holist...
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(NEW YORK, NY) Prudential Douglas Elliman Releases Hamptons & North Fork 10 Year Market Reports - 03/06/09 04:56 PM
(NEW YORK, NY) Prudential Douglas Elliman Releases Hamptons & North Fork 10 Year Market Reports(NEW YORK, NY) -- East End price indicators peaked in 2007 with an average sales price of $1,576,050. Over the past decade, which included two recessions, the overall average sales price increased 256% to $1,494,472 in 2008 from $419,817 in 1999. Median sales price also increased, up 183% over the same
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(DALLAS, TX) Four Texas Hotels Find Financing in Their Backyard - 03/06/09 04:55 PM
(DALLAS, TX) Four Texas Hotels Find Financing in Their Backyard(DALLAS, TX) -- Kim Chong, developer of the Cedar Hill Holliday Inn Express hotel in Cedar Hill, TX, didn't have to travel far to find financing for his project. He rode to Dallas where Cameron Larkin's national investment banking firm
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H-e-ere's to a great 86th today, Ed! - 03/06/09 04:55 PM
H-e-ere's to a great 86th today, Ed!Ed McMahon, Johnny Carson's longtime sidekick on "The Tonight Show" is "hanging in there," according to Howard Bragman, McMahon's publicist, "and we're optimistic, because he is a fighter."Ed McMahon Bragman is just one of many fans who have been rooting
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(ORLANDO, FL) Urban Land Institute Resort Development Conference '09: New Ideas, New Hope - 03/06/09 04:54 PM
(ORLANDO, FL) Urban Land Institute Resort Development Conference '09: New Ideas, New Hope
(ORLANDO, FL) - Approximately 150-200 of the world's leading resort developers, operators, architects and industry experts gathered here this week at the Urban Land Institute's annual resort development conference, trying
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Q & A with Barbara Corcoran - 03/06/09 04:53 PM
Q & A with Barbara CorcoranQ1 - We have a 2500 square foot home on a premium corner lot in a 55-plus community outside Chicago. It's fully upgraded and we've been trying to sell it for over a year. Now we plan to re-list
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(MCLEAN, VA) Bond Yields Push Mortgage Rates Up In Latest Freddie Mac Survey - 03/06/09 04:53 PM
(MCLEAN, VA) Bond Yields Push Mortgage Rates Up In Latest Freddie Mac Survey(MCLEAN, VA) -- Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.15 percent with an average 0.7 point for the week ending March 5, 2009, up from last week when it averaged 5.07 percent. Last year at this time, the 30-year FRM averaged 6.03 percent.
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(WASHINGTON, D.C.) Delinquencies Continue to Climb in Latest MBA National Delinquency Survey - Job Losses Remain a Driving Factor - 03/05/09 03:54 PM
(WASHINGTON, D.C.) Delinquencies Continue to Climb in Latest MBA National Delinquency Survey - Job Losses Remain a Driving Factor(WASHINGTON, D.C.) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 7.88 percent of all loans outstanding as of the end of the fourth quarter of 2008
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(NEW YORK, NY) Prudential Douglas Elliman Real Estate Releases 10-Year Manhattan Market Report - 03/04/09 06:32 PM
(NEW YORK, NY) Prudential Douglas Elliman Real Estate Releases 10-Year Manhattan Market Report
(NEW YORK, NY) -- Despite weakening market conditions in the second half of 2008, all three price indicators trended higher this year, each setting records. The average sales price for a Manhattan apartment was $1,591,823 this year, up 17.8% from the $1,351,621 average sales price record set in 2007.
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(LONDON, UK)Veteran London Hotelier Starts Boutique Firm Even as Industry Softens - 03/04/09 06:32 PM
(LONDON, UK)Veteran London Hotelier Starts Boutique Firm Even as Industry Softens(LONDON, UK) -- Despite worldwide concern over a dwindling traveler hub, longtime London hotelier MPS Puri has launched Nira Hotels & Resorts, a boutique luxury management company that will obviously cater to the rich and famous.His unabashed motto: "We don't...
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(WASHINGTON, D.C.) Mortgage Applications Decrease in Latest MBA Weekly Survey - 03/04/09 06:31 PM
(WASHINGTON, D.C.) Mortgage Applications Decrease in Latest MBA Weekly Survey(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 27, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 649.7, a decrease of 12.6 percent on a seasonally adjusted basis
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(REDLANDS, CA & JACKSONVILLE, FL) 2 Industrial Lease Deals Totaling 787,000 SF Close in California and Florida - 03/04/09 06:29 PM
(REDLANDS, CA & JACKSONVILLE, FL) 2 Industrial Lease Deals Totaling 787,000 SF Close in California and Florida
(REDLANDS, CA & JACKSONVILLE, FL) -- Two of the largest industrial lease deals this year, totaling 787,000 square feet, have closed in Redlands, CA and Jacksonville, FL.Kenco Logistic Services of Chattanooga, TN has taken 517,000 square feet for five years..
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(KUCHING, MALAYSIA) Four Points By Sheraton Kuching Opens Doors To Malaysia Travelers - 03/04/09 06:29 PM
(KUCHING, MALAYSIA) Four Points By Sheraton Kuching Opens Doors To Malaysia Travelers
(KUCHING, MALAYSIA) -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening of Four Points by Sheraton Kuching, the first new international hotel to open in Kuching, Malaysia in almost two decades. Owned by Global Ulpine Sdn. Bhd.
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(ALTAMONTE SPRINGS, FL) Central Florida Banker Says Tweaking Current Regs Could Unclog Lending Spigot - 03/04/09 06:28 PM
(ALTAMONTE SPRINGS, FL) Central Florida Banker Says Tweaking Current Regs Could Unclog Lending Spigot (ALTAMONTE SPRINGS, FL) -- Longtime Central Florida banker Geof Longstaff thinks he may have the answer to rehabilitating America's banks without spending billions of additional tax dollars in bailouts.Geof Longstaff Longstaff, chairman at Mercantile Commercial Capital LLC in Altamonte Springs READ FULL STORY HERE: (www.RealEstateChannel.com)
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(DUBAI, U.A.E.) Dubai International Dragon Boat Festival April 3-4 - 03/03/09 05:46 PM
(DUBAI, U.A.E.) Dubai International Dragon Boat Festival April 3-4 (DUBAI, U.A.E.) -- Good news for dragon boaters in the Middle East or anywhere if they are willing to travel. The Dubai International Dragon Boat Festival that started last year is back the weekend of April 3-4 in Festival Marina.
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(DUBAI, U.A.E.) Cirque de Soleil and Alegria Back in Dubai for a Month - 03/03/09 05:45 PM
(DUBAI, U.A.E.) Cirque de Soleil and Alegria Back in Dubai for a Month(DUBAI, U.A.E.) -- Cirque de Soleil opens its touring show Alegria tomorrow in Dubai in a big tent outside Ibn Battuta Mall. Shoppers there got a preview last weekend as some of the performers came out of the big top...
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(DUBAI, U.A.E.) Free Berths at Anchor Marina for Some Dubai Boat Show Visitors - 03/03/09 05:45 PM
(DUBAI, U.A.E.) Free Berths at Anchor Marina for Some Dubai Boat Show Visitors
(DUBAI, U.A.E.) -- The Middle East's largest boat show opened in Dubai today with a special bonus for visitors to the Island Global Yachting (IGY) booth. For filling out a form, they get a week free berthing for their boat...
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(LAKEWOOD, CO) Einstein Bagels Rolling in Dough - 03/03/09 05:44 PM
(LAKEWOOD, CO) Einstein Bagels Rolling in Dough(LAKEWOOD, CO) -- Talk about a recession-proof business. Bagels. Specifically, bagels made by divisions of Einstein Noah Restaurant Group.The Colorado-based company today reported 12-month gross profit of $81.8 million versus $80.9 million in 2007.Einstein's other balance-sheet numbers are also impressive.Totad ...
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(WASHINGTON, D.C.) Pending Home Sales Down But Housing Affordability At Record - 03/03/09 05:43 PM
(WASHINGTON, D.C.) Pending Home Sales Down But Housing Affordability At Record (WASHINGTON, D.C.) -- Pending home sales declined on the heels of a weakening economy and with some buyers waiting for clarity on housing stimulus provisions, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contracts signed ...
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(ORLANDO, FL)President Obama's Housing Recovery Plan Deserves a Chance to Succeed - and it Might, Says Leading Realtor Roger Soderstrom - 03/02/09 06:01 PM
(ORLANDO, FL)President Obama's Housing Recovery Plan Deserves a Chance to Succeed - and it Might, Says Leading Realtor Roger Soderstrom
(ORLANDO, FL) -- President Obama's recently announced housing recovery plan may succeed in stabilizing the U.S. housing market and re-energizing the home building industry, says one of Central Florida's leading real estate analysts..
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(CHICAGO, IL) Hard-Hit Restaurateurs Need to Better Understand Customers' Wants, New Report States - 03/02/09 06:00 PM
(CHICAGO, IL) Hard-Hit Restaurateurs Need to Better Understand Customers' Wants, New Report States (CHICAGO, IL) -- This is starting out to be another tough year for the nation's restaurant operators, predicts The NPD Group, an industry marketer.
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(ORLANDO, FL) Florida Realtors Applaud New Tax Credit, Housing Aid - 03/02/09 06:00 PM
(ORLANDO, FL) Florida Realtors Applaud New Tax Credit, Housing Aid (ORLANDO, FL) -- An $8,000 tax credit for first-time homebuyers is a step in the right direction toward revitalizing Florida's housing market and stimulating the state's economy, says Cynthia Shelton, 2009 president of the Florida Association of Realtors® (FAR).
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(SALT LAKE CITY, UT) Utah Fund Buys $701M of FDIC Commercial Loans - 03/02/09 05:59 PM
(SALT LAKE CITY, UT) Utah Fund Buys $701M of FDIC Commercial Loans (SALT LAKE CITY, UT) -- Sorenson Group Holdings LLC, part of a 50-year-old, Salt Lake City-based real estate family, has purchased a structured portfolio of Federal Deposit Insurance Corp. commercial loans valued at $701 million.James Lee Sorenson Sorenson acquired the
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(CHICAGO, IL) Most Capital Market Lenders Still Playing Defensive Role, RECI Reports - 03/02/09 05:58 PM
(CHICAGO, IL) Most Capital Market Lenders Still Playing Defensive Role, RECI Reports (CHICAGO, IL) -- Once again, there is good news and not-so-good news from the chambers of The Real Estate Capital Institute in Chicago.The good news: Many of the major commercial lenders may be returning to the market in force by...
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(BALI, INDONISIA) The St. Regis Bali Resort Hosted Grand Opening Celebration - 03/02/09 05:57 PM
(BALI, INDONISIA) The St. Regis Bali Resort Hosted Grand Opening Celebration (BALI, INDONISIA) -- March 2nd 2009 -- The St. Regis Bali Resort celebrated its grand opening on February 28, 2009, with an extraordinary evening that included an exclusive performance by international artist and top U.K. jazz performer, Jamie Cullum.
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(ORLANDO, FL) US Traveler Sentiment Index Rose in February - 03/02/09 05:55 PM
(ORLANDO, FL) US Traveler Sentiment Index Rose in February (ORLANDO, FL) -- Seems like the bad news just keeps coming from both within and outside the industry. As such, we were delighted to see, and are now pleased to share, some welcomed good news: the U.S. Traveler Sentiment Index™ is now rising, the first increase we have observed since January of 2008. The Traveler Sentiment Index™ is measured in our quarterly travelhorizons™ survey,
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(NEW YORK, NY) Manhattan Apartment Loan Has More Curves Than a Chorus Girl - 03/02/09 05:55 PM
(NEW YORK, NY) Manhattan Apartment Loan Has More Curves Than a Chorus Girl
(NEW YORK, NY) -- The U.S. commercial mortgage-backed securities market remains frozen as numerous victims attempt to navigate the treacherous waters, reports Commercial Mortgage Alert.The 20-year-old industry newsletter, based in Hoboken, NJ, has been covering the CMBS market since the
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Michael Gerrity - Founder & CEO
Orlando,
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