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 [...]
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 [...]
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 [...]
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 [...]
As of June 2006, the sales in the U.S. real estate market have decreased for the eighth time in the last 10 months, directly accountable with increasingly mounting interest rates. Nonetheless, a certain level of consumer confidence has boosted, contrary to expectations.
Statistics show a 1.3% drop in home resales as it fell to a 6.62 [...]
