Southwest Austin real estate in demand

Southwest Austin is growing by leaps and bounds. New condominiums and commercial developments are constantly under construction, and a new elementary school just opened in Circle C to address the population growth.
The area is drawing back former Austinite Joe Lamendola. He moved to a suburb of Washington, D.C. 15 years ago. Now he’s back here [...]

August 22nd, 2006

Mitel inks deal with California real estate brokerage

California-based ZipRealty, an Internet-based residential real estate brokerage, has chosen Mitel’s contact centre software and IP communications hardware to connect its 20 offices through the United States.
ZipRealty has installed the contact centre software at its employee help desk, where agents and employees can obtain assistance. The software also allows for sophisticated real-time monitoring, historical [...]

August 22nd, 2006

Better Business Bureau warns homeowners about real estate fraud

Sometimes the victim is a retired senior strong-armed into signing some papers under the misconception that they are being granted a reverse mortgage. Or it’s a desperate homeowner who can’t make his monthly adjustable rate mortgage payment and transfers his deed to obtain some financial relief. Other times, it’s a family that has suffered huge [...]

August 22nd, 2006

Morgan Stanley Real Estate Acquires Second REIT this Month

Morgan Stanley Real Estate will buy Glenborough Realty Trust in an all-cash transaction estimated at $1.9 billion. The merger is expected to complete in the fourth quarter of 2006 after the approval of Glenborough’s board of directors.
Morgan Stanley Real Estate will acquire all of Glenborough’s outstanding stock for $26.00 per share, 8.2 percent more than [...]

August 22nd, 2006

Why is real estate such a popular investment in Dubai?

Globally more people have made more money out of property than any other asset class. Even big investors also have to live somewhere. But there are reasons behind these reasons that make property so desirable to investors both in Dubai and elsewhere.
It is a simple truth of the investment world that property has proven a [...]

August 22nd, 2006

U.S. entrepreneurs interested in Dominican real estate market

U.S. and Puerto Rican entrepreneurs visited this city with the intent to exploring areas related to productive activity in the zone, among these, real estate business opportunities that would be offered to other countries’ consumers.
The information was offered by the executive director of Florida’s South Eastern Chamber of Commerce, Leonardo Garcia, who said that [...]

August 22nd, 2006

US$100m Fund for Africa Real Estate

CDC, the UK government-backed emerging markets private equity investor, has announced that it has committed US$100m to a new Africa real estate Fund.
The fund called the Actis Africa Real Estate Fund is managed by Actis. This is the first dedicated real estate fund in which CDC has invested.
There is strong and growing demand for quality [...]

August 22nd, 2006

HUD chief announces opening of more public housing in New Orleans

U.S. Housing and Urban Development Secretary Alphonso Jackson announced Monday that 800 affordable housing units in the city’s formerly blighted projects had been repaired and are now ready for occupancy and an additional 200 will be ready by the end of the month.
It brings to around 2,000 the number of units which have reopened since [...]

August 22nd, 2006

Flagler tops country in housing growth

For the second year in a row, Flagler County leads the nation in housing growth, according to the U.S. Census Bureau.
For the 12-month period that ended July 1, 2005, Flagler’s housing stock increased by more than 5,000 units, or 14.8 percent. The previous year Flagler added more than 4,000 housing units.
Three other [...]

August 22nd, 2006

Media Advisory - Builders To Examine Condo and Rental Apartment Housing Outlook In Teleconference

WHEN:
Wednesday, August 23, 2006
2:00 p.m. EDT
WHO:
- David Seiders, Chief Economist, National Association of Home Builders (NAHB)
- Leonard Wood, Director, Wood Partners LLC, Marietta, Ga., one of the nation’s premier firms building market-rate and affordable rental apartments and for-sale condominiums
- Bruce Menin, President, Crescent Heights, New York, N.Y., One of the nation’s largest developers and [...]

August 22nd, 2006

Marquette condo conversion nears completion

The Marquette Building’s conversion from a bank building to luxury condominiums is nearing completion, according to a release Monday.
St. Louis-based The Lawrence Group designed and developed the project, located at 300 N. Broadway downtown. Homeowner orientations begin in September, followed by closings for 65 condos by January 2007, representing nearly $20 million in condominium [...]

August 22nd, 2006

Deals: $200 off air-hotel in Hawaii; 4 nights in Paris, plus airfare for $829

Save $200 on an air-hotel Hawaiian vacation of five nights or more through CheapTickets.com. The deal marks the company’s 20th anniversary. Must book by Sept. 3 (use promotion code HAPPY20) and complete travel by Jan. 31. www.cheaptickets.com.
Get four nights in Paris, plus air fare from San Francisco, at prices starting from $829, based on double [...]

August 22nd, 2006