The Senate Banking Committee is scheduled on Thursday to question President George W. Bush’s nominee to run the Department of Housing and Urban Development.
In mid-April, Bush nominated Steven C. Preston to head the nation’s largest government housing agency and replace Alphonso Jackson who resigned from the post in late March after facing accusations that he [...]
The housing slump continues to deepen, gathering pace across new and existing home sales; something investors will have to keep in mind as they assess the Westpac move on St George.
Housing finance is the safest and most profitable form of bank lending, especially with all the added services for personal banking like credit cards, personal [...]
Life Insurance Corporation of India is reducing its exposure to real estate stocks, taking a cue from the banking regulator, the Reserve Bank of India (RBI), which has warned of an asset bubble building up in the sector.
�We have taken a conscious decision to go slow on the real estate industry as we think at [...]
According to Beth Collingz, of PLC International Marketing Networks, a Lead Marketing Partner with Pacific Concord Properties Inc., whom have Condotel developments in Metro Manila and Cebu, and specializes in working with international clients: “Since the UK Pound Sterling hit 94:1 on the Philippine Peso, my phone has been very busy with buyers from the [...]
The Condo Hotel concept is attractive to many who are interested in investing their hard earned pennies in real estate. One type of condotel purchaser is someone seeking a vacation place, but due to the limited amount of time they anticipate being able to spend there, buying a traditional condominium would not seem an economically [...]
Support for a seniors condominium community at Errol Estate Country Club is wobbling like a golf ball over a bumpy green.
One city advisory board recommended approval of the condos, siding with some Errol residents who think the housing development is necessary to the financial stability of the community’s club and golf course. Another city board [...]
Blackstone Group LP, the leveraged buyout firm that spent about $160 billion on acquisitions during the past two decades, earns higher returns from investing in real estate than from its takeover funds.
Real estate has been New York-based Blackstone’s best- performing investment since the company started buying property 16 years ago, with net returns averaging 29 [...]
Talon International Development Inc. and joint venture partner Donald Trump have secured financing for the construction of Trump International Hotel & Tower, Toronto. The project (pictured), which marks the Trump International Hotel & Tower brand’s debut outside U.S. borders, carries a total development price tag of approximately $500 million.
Raiffeisen Zentralbank osterreich AG, Austria’s third largest [...]
Durham — Greenfire Development is teaming with a Connecticut-based firm to turn the historic Hill Building in downtown Durham into a hotel.
Greenfire and Lifestyle Hospitality are aiming to create what they call a “boutique hotel†and are aiming for a “four-diamond level†operation.
The building, which most recently housed Sun Trust banking operations and retains a [...]
Diamondhead Casino Corporation issued a status report for its shareholders. The Company owns, through Mississippi Gaming Corporation, a wholly-owned subsidiary of the Company, approximately 404 acres of land in Diamondhead, Mississippi. The property is debt-free and lien-free. The property fronts Interstate 10 for approximately two miles and the Bay of St. Louis for approximately [...]
Rebuilding Together®, the nation’s largest volunteer home rehabilitation organization, is providing modifications and repairs at the home of Operation Iraqi Freedom veteran Christopher Edwards through its Serving Those Who Serve(SM) program today. Countrywide® Financial Corporation, America’s #1 home loan lender*, has contributed more than $1.2 million as the founding sponsor of a nationwide program [...]
A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Good) and the issuer credit rating (ICR) of “bbb” of National Security Fire and Casualty Company and the FSR of B+ (Good) and ICR of “bbb-” of its wholly-owned subsidiary, Omega One Insurance Company, Inc. (Omega One), both members of the National Security [...]
