In the first half of 2007, home and condo sales in Washtenaw County fell nearly 16 percent compared to the same period in 2006 - the largest midyear sales drop in at least seven years, statistics show.
“The inventory of homes is still very large and getting larger, in my opinion,” said Timm Williams, an [...]
The U.S. Department of Housing and Urban Development has sued two real-estate brokerages, accusing them of receiving kickbacks for steering home sellers to a provider of hazard reports.
The suit, filed on Wednesday in the central district of California, seeks to recover “illegitimate profits” generated by “sham” joint ventures formerly operated by Realogy Corp., Prudential California [...]
Manhattan’s condo market is showing signs of reversing its cooling trend, and the capital markets are taking heed. Palisades Financial disclosed yesterday that it has acquired a $93 million B note for the first mortgage of a condominium conversion project in Manhattan’s Chelsea/Flatiron district.
“The market’s going wild,†Palisades principal Billy Procida told CPN this afternoon. [...]
From coast to coast, home staging is quickly becoming the industry standard in a competitive real estate market, especially in the New Hampshire real estate market. Real estate agents have always emphasized the importance of appealing to a buyer’s emotions when selling a home. New research now validates that theory and local data shows that [...]
WHEN BLACKSTONE GROUP bought Equity Office Properties Trust earlier this month for $39 billion, it reportedly broke the record for the largest leveraged buyout in U.S. history.
But the purchase of Equity Office, which until recently was the largest office landlord in metro Atlanta, may have been the peak of a recent wave of private equity [...]
The average hotel market up-cycle lasts 6.7 years according to the results of a study conducted by Hotel Investment Strategies LLC, a lodging investment advisory firm based in New York.
The Principal of the firm, Mr. Ross Woods, said that the study of 50 full-service hotel markets over the past twenty years revealed that the up-cycle [...]
LoopNet, Inc., which operates the largest and most heavily trafficked commercial real estate and businesses-for-sale marketplaces online, announced today that it will ring the NASDAQ Stock Market’s opening bell on Monday, February 12 at 9:30 a.m. EST. LoopNet’s participation in this event marks its first year as a NASDAQ company. Richard Boyle, LoopNet’s Chief Executive [...]
Liberty Property Trust, which owns and manages more than 65 million square feet of office and industrial space in the U.S. and U.K. today announced it will open an office in the Phoenix, Arizona area during the second quarter of 2007. The operation will be managed by John DiVall, who currently serves as vice president [...]
On most days, Crocker Liu blends into the university scene.
The youthful-looking real estate finance professor typically dons colorful Hawaiian shirts or T-shirts and jeans.
But behind the casual dress is a serious and ambitious 54-year-old man whose goal is to create a top-of-mind real estate program for the W.P. Carey School of Business at Arizona State [...]
Real estate professional Stephen Wert knew Battle Ground was a different animal a decade ago when he saw a competitor prominently display a “vote no on schools” sign.
“It was a surprise to me to see a business not actively supporting schools,” said Wert, an agent with Prudential Northwest Properties. “Levy failure is a bad thing [...]
A few projects may have been canceled or, in the words of some developers, “repurposed.” But it seems that the condo-sales market in Center City fared better during the 2006 real estate slowdown than markets did in Washington, New York, Boston, Miami and Las Vegas, according to economists, developers and local real estate agents.
Though final [...]
In accordance with the transitional provisions of the Financial Services Authority’s Disclosure and Transparency Rules, Prudential would like to notify the market of the following:
At 3pm on 19 January 2007 Prudential’s issued share capital consists of 2,444,399,386 ordinary shares of 5p each and which are admitted to trading. Each ordinary share carries the right to [...]
