This week former U.S. Secretary of State General Colin L. Powell (Ret.) told a ballroom-sized crowd assembled for the annual Turnaround Management Association’s (TMA) conference in a post- Katrina New Orleans his axiom, “If you have 40 to 70 percent of the information, you probably have what you need. Take a chance, do something. Go [...]

MHI Hospitality Corporation announced today that the Company received the Stakeholder of the Year Award for the Crowne Plaza Hampton Harborside. The award was presented by the Downtown Hampton Development Partnership in recognition of a business or individual that contributed significantly to the city’s new development or redevelopment over the past year. The Stakeholder [...]

The Hoffman Company, a leading land brokerage firm in Southern California, announced today the close of a $30 million transaction in North San Diego County that will allow the residential mixed-use project to move forward and benefit both parties involved.
The property was acquired by ConAm Group of Companies, a San Diego-based real estate management and [...]

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 [...]

The residential real estate market in the Sarasota-Bradenton region, according to market analysts, began to overheat in late 2004 and 2005, and still continues to struggle because of the upsurge of speculative inventory created during that time frame. However, many say the positive news is that the market steadily reduced the level of finished vacant [...]

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, [...]

Oman International Trade & Exhibitions, leading organizer of exhibitions, conferences and events today announced its 3rd property and real estate exhibition, the International Property Exhibition (IPE) from the 15th to 17th April, 2008. Scheduled to be held at the Oman International Exhibition Centre, this three day event will showcase a full spectrum of services in [...]

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 [...]

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 [...]

The summary of a 2008 nationwide real estate forecast is sprinkled with fearsome words: “greater downside risk,” “repricing environment,” “vulture-oriented investing,” “retrench,” “ebbing tenant demand,” “tapped-out consumers.”
But speakers at a meeting Tuesday about the “Emerging Trends in Real Estate 2008″ report said Utah has a hard-charging economy and demographics that will insulate it from a [...]

Up to 45 percent of the Kuwaiti people possess real estate abroad, 60 percent of which are for tourist purposes and enjoy moderate weather in the summer, the Kuwait’s Professional Real Estate Company said on July 7.
This rate is the highest at the Gulf and the Arab level, Chairman Faraj Al-Khudhiri of the company told [...]