More encouraging news for the local real-estate market: Preliminary numbers for Orlando’s industrial segment show that the amount of available space dipped by 600,000 square feet during the second quarter. It’s the first evidence of a tightening since late last year, a sign that vacancies could be stabilizing.
That’s the early reading from David Murphy, senior [...]

An early morning fire last week at a Pilot Travel Center here gutted the facility and caused an estimated $1 million in damages, reported Desert Dispatch.
The fire — which started just after midnight — was caused by a clothing dryer on the west side of the store, the report stated. The total damage estimate includes [...]

Gov. Rod Blagojevich’s administration has ordered private developers not to talk about plans for a huge new resort near Pinckneyville until Blagojevich himself can announce it, sources say.
Some lawmakers who support the project say that public relations directive could be endangering the proposal.
“People have asked, ‘If these (developers) are credible, why don’t they answer the [...]

New condominium buildings — they’re not just for downtown, Belltown, Capitol Hill and Ballard anymore.
Developers say commercial areas in many Seattle neighborhoods could see more condos in coming years — a prediction that worries some residents.
Sapphire, in Greenwood, and Fini, in Phinney Ridge, are two of the fastest-selling new condominium buildings. They offer new homes [...]

A delegation of leading academicians from the National University of Singapore (NUS) last week held talks with officials from the Dubai Real Estate Institute (DREI), the region’s first specialized academic institute for real estate studies.
Headed by Professor Muhammad Faisal, the NUS delegation examined the most optimal methods for setting up joint initiatives to provide the [...]

This is the first look at the new hotel planned for the £500 million Cabot Circus development.
The 150-bedroom hotel, run by the Future Inns chain, will face on to Bond Street South, opposite the shopping centre forming the main part of the Broadmead expansion.
Future Inns has submitted a planning application to Bristol City [...]

Even as experts fret over a dramatic burst of the bulging U.S. real estate bubble that might send prices plunging across the nation, the land and housing values in the Potomac Highlands are defying the trend.
“With an average unit price of $174,503 and a lot of wild life,” the RealtyTimes.com reported last month, “the buyers [...]

Langley Township has approved a controversial hotel-room tax, and forwarded it to the provincial government, which will make a final decision.
The new tax was the subject of two votes by hotel owners in Langley.
In the most recent one on Jan. 29 only seven of the Township’s nine hotel operators showed up, and voted to approve [...]

Munich Re AG, the world’s second-largest reinsurer, said Wednesday its fourth quarter profit dropped 52 percent because of a dip in net investment income and a tough comparison to a year ago.
The company earned 641 million euros ($848 million) in the quarter compared with 1.34 billion euros a year earlier, beating the 627 million euros [...]

Developers Diversified, the leading owner, operator and developer of market-dominant community centers in the U.S., and Inland Retail Real Estate Trust, Inc. (”IRRETI”) announced today that IRRETI stockholders have voted to approve the merger agreement and proposed merger with Developers Diversified. Developers Diversified and IRRETI also announced that they have set February 27, 2007 as [...]

Arizona Land Income Corporation announced that it anticipates that its 2007 Annual Meeting of Shareholders will be scheduled to be held during the second quarter of 2007. The Company also announced that, in addition to routine matters normally presented for consideration by its shareholders, the Company intends to submit to its shareholders the transactions and [...]

The City Council voted 6-0 in favor of the building of a 400-foot residential tower in the historic neighborhood left in the Downtown area.
However, this isn’t the final decision on the issue. Two more readings are still to come, so the debate will continue.
The city had a stack of 959 emails opposing the tower in [...]