MHI Hospitality Corporation announced that the Company has completed the acquisition of the 172-room former Radisson Hotel in Hampton, Virginia for approximately $7.75 million, or $45,000 per room. The Company has also entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) [(LON: IHG) (NYSE: IHG - News; ADRs)] through its franchising entity, Holiday [...]

It is always a great deal when people are tackling Miami real estate business related issues, because they always assume that Miami real estate market will sort of bust wide open anytime soon. I think it’s funny in a way that people pay big attention to it and critics alike are aiming on it like [...]

While some multi-family developments are currently under construction in San Diego County, the amount of condominium projects that will begin during the remainder of this year will be minimal, as a significant number of previously proposed condo projects have been delayed, offered for sale by the developer or become bank-owned.
“None of the permits that [...]

For more than 7 years the Greater Metropolitan Toronto (GTA) region has witnessed a red-hot condominium real estate market and an unprecedented condominium construction boom. The record sales reached in 2007 are showing signs of slowing. Forecasts for 2008 Toronto real estate sales indicate that, over the short term, condominium prices may continue to rise, [...]

A developer who wants to build an office and condo complex within the Middlesex Fells Reservation is taking an unusual bypass around a stubborn bottleneck in the environmental review process: The Gutierrez Co. is saying it reduced the project so much to satisfy public concerns that it no longer needs state permits to build it.
more [...]

Miami has a new vice: bottom-fishing for condo bargains.
Some are searching for investment properties, confident home prices will eventually rebound. In hard-hit Miami-Dade County, condos originally costing as much as $1.4 million at the peak of the market now sell in some cases for $840,000, a 40 percent drop. Farther north, a coming auction at [...]

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 [...]

The Plaza Hotel has reopened after a three-year, $400 million renovation, bringing landmark luxury back to Manhattan.
“They say this place is the world’s most famous hotel,” said doorman Freddy Davila, who worked for the hotel for 15 years before it closed in 2005. As he welcomed hundreds of visitors up the red-carpeted steps and through [...]

Condominium prices on Kauai rose last month on flat sales, while both single-family home prices and sales fell.
The median price of a condo on the Garden Isle in January was $586,000, up from $455,810 during the same month last year. That price was based on 20 units sold, the same as January 2007, according to [...]

Beth Collingz, Marketing director for PLC International Marketing Networks, which is exclusively marketing the Lancaster Suites and Lancaster – The Atrium Hotel Condominiums in Metro Manila, said “buyers are investors in hotel-condos, a real estate product that combines the flexibility of ownership of a condo in a hotel setting. Popular in the United States, Europe [...]

A controversial condo project is off the table - at least for now. Owners of an 18-acre site along Colonial Boulevard and Metro Parkway now say they’re having second thoughts.
La Vita would have featured several eight-story high-rises, which the Port Authority opposed because of how close they would have been to the Page Field Airport.
Monday [...]

Hold the sugar.
That’s the message developers of the old Domino Sugar plant in Brooklyn appear to be sending with their renderings of the $1.2 billion waterfront condo complex.
The plan to convert the former Williamsburg refinery leaves out the iconic illuminated sign that reads, “Domino Sugar,” which generations have grown accustomed to seeing off [...]