Leona Helmsley, the self-styled hotel queen, whose prison term for income tax evasion and fraud was greeted with uncommon approval by a public who regarded her as a 1980s symbol of arrogance and greed, died Monday at her summer home in Greenwich, Conn. She was 87.
The cause of death was heart failure, said her [...]

Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
Adding to the tension for commercial investors: Construction and insurance costs have soared.
At least one big plan — a $400 million proposal by Donald Trump to construct the city‘s tallest building — is going [...]

As more and more Americans recognize and utilize real estate acquisition as a means of producing and preserving wealth and assets, the need for experienced exchange companies has grown. 1031 exchange expert, Kevin Levine explains how the 1031 exchange process is a valuable tool for investors and how they can utilize a reverse 1031 exchange [...]

It’s a buyer’s market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days.
Paula and Bill Schmidt of Georgia didn’t set out to make money investing in real estate, but when their nonprofit ministry fell on hard times, you could say divine intervention took [...]

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 [...]

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 [...]

Blackstone Group (BG.UL) raised its bid for Equity Office Properties Trust to $23 billion in cash on Tuesday after rival bidder Vornado Realty Trust sweetened its own offer in the latest round of the fight to control the top U.S. office landlord.
But Equity Office stock rose above Blackstone’s bid of $55.50 a share [...]

HRCG’s database and portfolio of investments were developed over several years to provide real estate buyers, sellers and even agent/brokers with information not readily available. Rob Thurston, President of HRCG Partners found that many people were delaying decisions on real estate purchases due to lack of quality information, high sales pressure, and misleading information. “Just [...]

It’s all about the views.
Hoping to tap the market for high-end living, an Allentown developer plans to construct a four-building, eight-story luxury condominium complex next to the Regency Towers apartments in scenic Lehigh Parkway.
The proposal, which received Allentown Planning Commission approval this week, is the latest and one of the more extravagant of a growing [...]

Major stock market indexes are on the verge of posting weighty returns this year, but won’t come close to the performance of real estate investment trusts — again.
REITs have generated nearly 34% in total returns this year, according to a National Association of Real Estate Investment Trusts index of U.S. REITs.
That performance continues an impressive [...]

At its opening, the hotel on Constitution Plaza in downtown Hartford was described as almost too luxurious for the city.
Today, its owner is marketing the vacant, decaying structure as worth $10 million - but there are no takers. Hartford’s mayor says the building should be torn down.
The 12-story hotel, empty for a dozen years, has [...]

Brookfield Homes released the second phase of its luxury condominium project on the south shore of Kauai sooner than planned after the first phase sold out.
The units at PiliMai at Poipu were first released for sale in October. The units included a mix of two-, three-, and four-bedroom residences priced from the $600,000s to [...]