In August 2008, 23 of the 25 MSAs tracked by Radar Logic’s Residential Property Index(TM) (RPX(TM)) experienced year-over-year price declines while 12 MSAs saw transaction counts increase from July 2008, according to the August 2008 RPX(TM) Monthly Housing Market Report released today by Radar Logic Incorporated. Both the price declines and the transaction count increases [...]

Keith Nowalk has had two houses on the market in Plum for a few years.
One house originally was listed at just under $500,000 and the other is listed close to $65,000. He can’t seem to sell either house. He’s cut the more expensive price by $150,000 over the last three years and moved a [...]

Another new hotel in Starkville by Candlewood Suites will add 100 more beds to the region’s expanding tourism economy. While retail development in the area is also moving forward, though with more mixed itinerary of stops and starts.
Candlewood Suites, a hotel designed for extended stays, is a subsidiary of the InterContinental Hotels Group, and is [...]

Students seek stories about National Road
Students at Ball State University are searching for stories from people who live and travel along the National Road to include in a TV documentary about the highway.

Hoping to have its cake and eat it too, the town of Westford has come up with a novel condominium deal.
NewsCenter 5’s Jim Boyd reported Friday that you can buy a brand new condo on a small pond but you can only live in your home six months of the year. Two-hundred-seventy-six cottages are being [...]

Local condo developers are being careful before beginning new phases and, in some cases, redesigning projects in response to a soft market.
Construction on the first building of 115 presold condos at Bradenton’s Promenade at Riverwalk, at Third Avenue and Eighth Street West, is just wrapping up, but the second and third phases are “under design” [...]

Jimmy Bailey devotes about three- quarters of his time to helping low- income children become entrepreneurs, leaving just one-fourth of his time for his commercial real estate business.
The former state representative and Charleston mayoral candidate said that although he grew up poor, he’s had a good and successful life.
“But I’m 63 years old and this [...]

A 350-room Carlsbad resort and 350-unit timeshare complex about 15 years in the making will see completion of its first phase by the end of the year.
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The 250 hotel rooms and 40 timeshare units are the first phase of the Sheraton hotel and timeshare vacation villas at Grand Pacific Resort’s $220 million development on Carlsbad [...]

SDS Procida Development Group acquired a 1.4-acre parcel in Manhattan’s Columbus Circle area to develop a seven-story, 85-unit luxury residential condominium building and parking garage.
D.C.K. Management Corp. sold the site, at 405-427 W. 53rd St., for $32.12 million, or about $22.9 million per acre.
Architectural firm Henry Smith-Miller has been commissioned to design the structure. Construction [...]

Dubai’s government bolstered its holdings of New York City real estate, announcing Sunday that its Istithmar PJSC holding company had purchased a majority stake in Manhattan’s five-star Mandarin Oriental hotel.
The US$340 million (euro260 million) purchase of the Mandarin Oriental, part of the Time Warner Center on Manhattan’s Columbus Circle, adds to the growing U.S. [...]

Nina R. Eldred, former vice president and assistant general counsel for Marriott International and The Ritz-Carlton Hotel Company, has joined Holland & Knight’s Global Hospitality and Resort Team as a senior counsel in the firm’s Washington, D.C., office.
Eldred is recognized as one of the leading hospitality lawyers representing hotel owners and operators in the acquisition, [...]

Durham’s burgeoning retail sector is drawing shoppers of a different sort — national real estate firms with deep pockets that are spending tens of millions to buy area shopping centers as investments.
In the last couple of years, big-name companies with billions in assets have spent $100 million to acquire four retail centers in Durham and [...]