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 [...]
SDS Procida Development Group acquired a 1.4-acre parcel in Manhattan’s Columbus Circle area to develop a seven-story, 85-unit luxury residential condominium building and parking garage.
D.C.K. Management Corp. sold the site, at 405-427 W. 53rd St., for $32.12 million, or about $22.9 million per acre.
Architectural firm Henry Smith-Miller has been commissioned to design the structure. Construction [...]
Mr. Bert Figearo, Director and member of the Board of Asia Pacific Commercial Real Estate Guides and AsiaCRE.com remarks on the build up to this inaugural event as planning kicks in to full swing following the completed selection of the esteemed jury and highly regarded Key Note speaker. “I especially enjoy attending the awards ceremonies [...]
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 [...]
Expect Lee County’s housing prices to stay soft for another 12 to 15 months before the market turns around, consultant Michael Timmerman told the Real Estate Investment Society at its annual luncheon Tuesday.
“We will have more sales in 2007, I will guarantee you that,” said Timmerman, Naples-based managing director for Florida at Hanley Wood, a [...]
Investors snapped up a record $1.9 billion in apartment properties in the Denver area last year, a 26 percent increase over the $1.5 billion in sales in 2005, the previous record.
But it is a better time to be an owner or seller of an apartment than a renter because average monthly rents are expected to [...]
PHOENIX-In late 2005, “condominium conversions” dominated multifamily market discussions. One year later, things have taken a 180-degree turn.
“On the transactional side, we’re seeing the condo converter entity is not nearly as prevalent as it was in 2005,” says Todd Braun, senior director with Cushman & Wakefield of Arizona Inc. in Phoenix. “In 2004 and 2005, [...]
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 [...]
India’s real estate market is in overdrive as developers snap up land to build malls and housing enclaves, but high prices and opaque rules make it hard for first-time buyers to land a dream home.
The sector, worth 12 billion dollars, is growing at 30 percent a year, according to the Federation of Indian Chambers of [...]
Travelers who demand the finest hotel experience — including lighted vanity mirrors and a service staff catering to every need — will have a place to stay in Portland next year, after the Fifth Avenue Suites completes a renovation aimed at making the hotel Oregon’s first with a Mobil four-star rating.
San Francisco-based Kimpton Hotels & [...]
Orlando-based Tavistock Group and world-famous golfers Tiger Woods and Ernie Els are teaming up for the development of Albany Golf & Beach Club near Nassau in the Bahamas.
Els is designing an 18-hole golf course for the development, which will include a megayacht marina, a racquet center, fitness center, and equestrian center and full concierge services.
A [...]
Commercial real-estate pros are looking to the quarterly reports these days to help determine whether office condominiums are affecting the much-larger rental market.
So far, they’re finding hints but no answers.
Recent research by Advantis Commercial Real Estate Services in Orlando, which examined both rental and condo offices, found that condo space totaled just 4 percent of [...]
