Two years ago, Angie Cifarelli of New Jersey signed a pre-construction contract to buy a condo at the Residences at Midtown in Palm Beach Gardens.
Purchase price in the contract: $404,500.
Last month’s appraised value of the newly completed condo: $200,000.
A property worth less than half its value in 2006 is all you need to know about [...]

An international hotel giant plans to open a $100 million, 290-room hotel in Auckland’s CBD by the middle of 2010.
Paul Richardson, vice-president of Accor for New Zealand and Fiji, said yesterday a new five-star Pullman hotel would be built near the city’s waterfront.
The hotel will be aimed at the corporate and meetings market and is [...]

Mipim 2008, to be held from 11 to 14 March in Cannes, is turning the spotlight on the challenges of sustainable development in the property sector. In addition to the unique environmental features of projects showcased in the exhibition area, there will be a series of conferences devoted to the topic on “green” day (Wednesday, [...]

The grungy hotel room was reeking of smoke. The bathtub was rusty. The bedspread and furnishings were dingy relics. But I couldn’t leave. I’d already paid $155 in an online travel auction for the Queen Mary Hotel room — $91 for the room, $20 commission, $24 in taxes and $20 to upgrade to a room [...]

We’ve been talking about real estate licensing laws, admittedly an exercise in futility. Whatever arguments I might make for repeal, it remains that the Arizona Department of Real Estate is not going to dry up and blow away like tumbleweed.
But here’s an important question: Who do real estate licensing laws benefit?
If you thought of consumers, [...]

Stolichnaya(R) vodka, the best- selling Russian vodka in the United States, today announced the May 2, 2007 grand opening of the inaugural Stoli(R) Hotel, Los Angeles. Adding yet another milestone to Stoli(R)’s unique history of innovation, the Stoli(R) Hotel will provide L.A. with a month-long entertainment space, boasting a cutting-edge design that rivals the world’s [...]

Southern California’s residential real estate market continued its wayward course in March with the median price reaching another record while sales declined to a 10-year low for that month, a market tracker said this week.
Last month the median price of a home in the six-county region rose an annual 4.6 percent to $505,000, said La [...]

The Golden Tulip Antwerp Centre is a part of a multifunctional project located in the heart of the city of Antwerp. The developers are Robelco and the project will consist of three towers destined for the European office of Alcatel, private residential use, the municipality of Vlaanderen and the hotel. The hotel will be fully [...]

Australia’s Perisher Blue ski and snowboard resort has embarked on its very own “Launch Your Band” competition, giving unsigned bands, electronic groups, DJs, solo acts and anyone else looking to get their music out there the chance to have their song become the official soundtrack of Perisher Blue’s 2007 Freeride television commercials. The winning band [...]

Early last year, The Preserve at Longleaf off Wickham Road in Melbourne was a new apartment complex all set to become a top-of-the-line condominium property, with units selling for more than $200,000.
Today, with Brevard County’s condominium market perceived as soft, Longleaf is staying as apartments, with leases starting at $900 a month for a one-bedroom, [...]

Mr. Bert Figearo, Director and member of the Board of Asia Pacific Commercial Real Estate Guides and AsiaCRE.com remarks on the build up to this inaugural event as planning kicks in to full swing following the completed selection of the esteemed jury and highly regarded Key Note speaker. “I especially enjoy attending the awards ceremonies [...]

30-YEAR-OLD legal assistant Vince McGautha, home ownership did not mean a single-family house with a backyard. Instead, the first-time home buyer chose a townhouse in Union City. It was new, had custom features and, just as important, had space for his 2-year-old son, was affordable and close to BART.
Todd Benatar liked the exercise facility, complete [...]