Extended Stay Hotels files for bankruptcy Jun 16, 2009
In June 2007, just as the hotel market peaked, the Lightstone Group, one of the country's largest private real estate investors, bought Extended Stay from private equity firm Blackstone Group LP. Lightstone financed the purchase with about $7. 4 billion in loans. (MSNBC -- Business)
Deeds recorded May 25-29, 2009 in Volusia Jun 16, 2009
Deutsche Bank National Trust Co., Securitized Asset Backed Receivables LLC Trust, Barclays Capital Real Estate Inc. and Homeq Servicing to Adam J. and Dana O. Kennedy, lot 77, Grand Preserve, phase 2, $132,000 ... Deutsche Bank National Trust Co., Morgan Stanley Home Equity Loan Trust 2006 1, Barclays Capital Real Estate Inc. and Homeq Servicing to Anthony T. and Patricia B. Condercuri Sr. and Anthony T. Condercuri Jr., lot 13, block 16, Deep Forest Village, $128,500. (Daytona Beach News Journal -- Business)
New investors take swing at Running Horse Jun 16, 2009
Miami-based Omega Commercial Finance Corp. on Thursday became the latest investor hoping to make the ambitious golf and real estate project a reality. In a news release, the firm said it has signed a letter of intent to acquire a majority interest in the 440-acre development. (Fresno Bee -- Business)
Midsize Maneuvers Multiply as Laterals Forsake Large Firms Jun 6, 2009
Partners in practice areas like real estate, labor and employment, and intellectual property are more likely to be on the prowl for a better situation, he said. "They have a lot of clients, but they don't have a lot of clients that are willing to pay the national firm rates," Cohen said. (Law.com)
Stalled projects leave muddy mess Jun 6, 2009
Thousands of sites across metro Atlanta have been similarly halted as developers and builders go out of business amid one of the worst real estate slumps in memory ... The bank has dedicated an entire team to deal with distressed real estate the bank now owns, from maintaining sites to marketing them for sale ... You go from your goal is to make good new loans and produce income for the bank, where the goal really now is in large part to deal with real estate-related problems. (Atlanta Journal-Constitution -- Business)
Fruitlands Blackwell to don Chukar colors Jun 6, 2009
NEWSPAPERS IN EDUCATION. Playing for the Grizzlies, Blackwell said his greatest memory on the diamond came this past season during the championship game when he was at the plate, his younger brother, Daulton Blackwell, was that third base and his father was coaching at first. (Ontario Argus Observer, OR)
Dollar General plan moves forward Jun 5, 2009
recently bought the one-acre lot at 601 and 615 Ridgewood for $490,000 according to broker Gary Clark of Prudential Commercial Real Estate. The seller was Ned Breslin of Breslin Enterprises. (Daytona Beach News Journal -- Business)
Future of golf course undecided Jun 4, 2009
Mayor Gary Myers recused himself from the closed session related to the golf course because he resides in a home located on the course and is also in the real estate business. I don't want people having misconceptions or misperceptions, and I thought I'd not cloud the issue, Myers said of his decision to stay out of the discussion. (Watertown Daily Times, WI)
Supervisors vote to take next steps on foreclosure plan Jun 3, 2009
The intent is not to compete with the real estate industry, said Jurg Heuberger, the county s planning and development services director. Following the supervisors vote Tuesday, Heuberger met with several local real estate agents to address some of their concerns about the program ... But real estate agents, such as Shelly Wilkinson, the owner of the Wilkinson team and former president for the Imperial County Association of Realtors, said that she wasn t sure the county should get involved in... (El Centro Imperial Valley Press, CA)
Mining the gap Jun 1, 2009
Online human resources training provider, Superior Service Gary Valkenburg says the company is expanding. Private online human resources training provider, Superior Service, has signed up Hungry Jack's as its latest client and is set to expand its capabilities to other international companies. (Sydney Morning Herald -- Business)
Luxury Lodging & Exchange Announces Introduction of a New Website, fractionalluxurylodging.com May 31, 2009
Gary L. Robison, owner and founder of Luxury Lodging nge, has established himself as an entrepreneur specializing in fractional real estate. He is a frequent national speaker and a faculty member of Fractional Homes International. (Yahoo News -- Press Releases)
Labor chief wants pensioninsurer on less risky path May 29, 2009
In February 2008, at the urging of its then-executive director, Charles E. F. Millard, the pension agency's board unanimously approved a plan to put 55 percent of its portfolio in stocks, private equity, and real estate, up from 15 to 25 percent in stocks ... But earlier this month, the agency's inspector general reported that Millard violated rules by playing a role in awarding contracts to Wall Street firms that would implement part of the strategy dealing with real estate and private equity. (Boston Globe)
Chicago Booth to host live webcast of ‘Future of Markets’ May 29, 2009
Conference participants will be examining the future of equity markets, the health of the banking industry, the outlook for commercial real estate and other current business topics. The six speakers for the live webcast of The Future of Markets are. (Univeristy of Chicago Chronicle, IL)
Cleveland Hebrew School officially closes May 29, 2009
Regarding real estate, the Solon building is owned by CHS as long as it operates a school, says Penzner. Following the school s closing, control of the 7,750-sq. (Cleveland Jewish News, OH)
Career Ed a candidate to go private, analyst says May 28, 2009
This years group feature a cross-section of professionals, from a real estate guru who writes ... Delinquent commercial real estate loans surge. (Crain's Chicago Business)
Activists to attend Home Depot meeting May 28, 2009
He wants the chain to restructure its real estate holdings, sell its credit card business, change the board of directors and perform better relative to rivals such as Wal-Mart. The contest has been fierce: According to news reports, the Florida State Board of Administration voted its roughly 2 million Target shares in favor of Ackman s slate, while the State of Wisconsin Investment Board threw its 2 million shares behind Target s picks. (Atlanta Journal-Constitution)
SCJ offers to re-start Uptown TIF, donation process May 25, 2009
In this case, at least some of the money will be used to invest in Uptown properties, raise their values and make them more attractive in the real estate market, said City Development Director Brian OConnell. The big investment that Johnson is making in Project Honor is something that we saw as an economic engine to help power the investment in Uptown, OConnell said. (Racine Journal Times, WI)
Gwinnett commissioners under fire over trash stations May 24, 2009
Over the next year and a half, as residential real estate market sputtered, the waste transfer business attracted the attention of three developers ... But that changed when the real estate market soured ... Rosser, a real estate attorney, also serves as Bannister s appointee on the county s Zoning Board of Appeals. (Atlanta Journal-Constitution -- Metro)
University graduates 2,000 May 24, 2009
M/CLOUDY Sunday May 24, 2009. Speaker: They have reason to be 'terrified. (Seacoast New Hampshire)
Bankruptcies shifting to corporate sector May 23, 2009
While consumer bankruptcy has been the focus of much of the concern since the recession started, attention is shifting to the corporate sector, particularly the commercial real estate business, which bankruptcy attorneys project will produce the next wave of filings. General business bankruptcy filings soared 54 percent to 43,546 cases nationwide last year, up from 28,322 in 2007, statistics from ABI show. (Atlanta Journal-Constitution -- Business)
Deeds recorded April 27-May 1, 2009 in Volusia May 23, 2009
US Bank National Association Mastr Adjustable Mortgage Trust 2007 hf2, Barclays Capital Real Estate Inc. and Homeq Servicing to Mark Walker, lot 13, Eastgate Townhomes, $171,000 ... RMS Residential Properties LLC and Brighton Real Estate Services LLC to Steven Frothingham and Diana L. Hakey, lot 6, block O, Brandywine, Unit 5, $175,000. (Daytona Beach News Journal -- Business)
Who's new, what's new May 23, 2009
The two previously worked with the Coldwell Banker Real Estate Network. The CornerStone Group specializes in short sales, pre-foreclosures, property management, Internet and international marketing and relocation. (Daytona Beach News Journal -- Business)
Supervisors lower proposed tax hike May 21, 2009
Appomattox County taxpayers received good news on Monday night when the Board of Supervisors voted to reduce a proposed tax increase on real estate ... The decision means that real estate will now be taxed at 48 cents per 100 of assessed value ... Board Chairman Tom Conrad told the Times-Virginian, "I can accept 4 cents at this time because of the many projects we've got going. At this time, that was certainly what we needed to do and attempt to reduce real estate taxes from the 10 cents that... (Appomattox Times Virginian, VA)
Beacon Street condo displays Moroccan flair May 21, 2009
Instinct is also what brought the couple to the Back Bay this past winter to open The Dream Merchants, their local real estate shop ... For all of the room's ornamentation, Levin and Lazarus wanted it to remain inviting and accessible - to visitors, to real estate clients, even to the couple's two Weimaraners, Cleo and Zoe, South African expats who spent a recent afternoon dozing contently atop the room's beautiful rugs as Peggy Lee crooned through an in-ceiling sound system. (Boston Globe)
NC Appeals Court Upholds Tax Bill for Wal-Mart May 20, 2009
It created a captive real estate investment trust, which served as a landlord to Wal-Mart retail stores. The stores, operating as a corporation called Wal-Mart Stores East, paid rent to the trust. (ABC News -- Wire)
Court ruling could protect top Bush officials from terror lawsuits May 19, 2009
In this 2001 file photo, FBI Director Robert Mueller (r. responds to a question as former Attorney General John Ashcroft looks on. (Christian Science Monitor -- USA)
Tigers feeling better about QB situation May 18, 2009
"I've been out on the road looking at quarterbacks," he said, talking about the position with the detached professional tone one might use for real estate or a boat. Crowton isn't allowed to talk about quarterback prospects by name until they sign a letter of intent with LSU, so whoever his long-term eye might covet remains unknown for now. (Nola.com -- Sports)
- Thank You: Library event gives thanks 0 May 16, 2009
Should Imperial County get into the real estate business by buying foreclosed homes to sell. No, that is for the private sector. (El Centro Imperial Valley Press, CA)
METS 8, GIANTS 6 Another meltdown caps painful stretch May 16, 2009
" Politics blog. Is Kanye seeing Madonna? Hahaha!; Did Butler do it? An attempt to break the world's record happens in Vegas. Some seem to just yak on the cell and ignore the kid. S.F. writer's last post reads like a premonition. You! With your filthy "sexting" and alarming photo gizmos. Shame! See the celebs show up and smile at the mag's big bash. Infineon Raceway tries to keep the wheels rolling amid recession. FromIntero Real Estate 1 BR / 1 BA$518,500 3 BR / 2 BA$659,000 2 BR / 2 BA$689,000... (San Francisco Chronicle -- Sports)
Groves rules out use of sampling in 2010 census May 15, 2009
Neighborhood-specific Real Estate Prices and statistics, current listings, MLS search tools, email alerts, more. Found: 237 jobs in your area. (Yahoo News -- Politics)
Business Leaders Worry Obama Has it in for Them May 15, 2009
1000 Real Estate Business Card Magnets $130. Upload photo/logo. (Yahoo News -- Top Stories)
Local Sports Results May 14, 2009
Featured Real Estate. SUNNY 1 BEDROOM SUNNY 1 BEDROOM Southside, quiet, upstairs. (Yahoo News -- Auto Racing)
Nate Jones goes 4-for-4, hits grand slam in PHS rout of Monadnock May 14, 2009
P/SUNNY Thursday May 14, 2009. Clipper Nate Jones goes 4-for-4, hits grand slam in rout of Monadnock. (Seacoast New Hampshire)
Vernon Bittner May 13, 2009
Vern and Shirley became The Vern and Shirley real estate sales team with Cougill and Hansen Real Estate, continuing to develop lasting friendships. In 1999, Vern and Shirley moved back to Benton County, where Vern continued to enjoy area golf courses, his fitness over 50 exercise classes and walking the bike paths around Starker Park. (Corvallis Gazette Times, OR)
Monsters move back to Six Flags May 13, 2009
Metro Atlanta s latest real estate makeover is the old Monster Plantation, Six Flags Over Georgia s outdated ride, beloved by kids, parents and teens who ve long made it a junior high tunnel of love. Kent D. Johnson/kdjohnson@ajc. (Atlanta Journal-Constitution)
Sports briefs May 13, 2009
SOMERSET Sam Kociola, Mike Flyte, Mitchell Merryman, Tyler Walker and Brent Barron collected two hits each to highlight Knepper s 9-1 victory over Somerset Trust in Somerset Senior League baseball Tuesday (Somerset Daily American, PA)
Star Trek review: Better than Dark Knight? May 10, 2009
Star Trek review: Better than Dark Knight. M/SUNNY Sunday May 10, 2009. (Seacoast New Hampshire)
Brownfields create challenges for development May 10, 2009
The cleanup of the site which would be a prime piece of real estate if it was not contaminated with potentially carcinogenic remnants of gas and tar stalled for many years before finally beginning recently. And the project could take at least four to five years to complete. (Utica NY Obserer, NY)
Credit Squeeze Has Orrick Borrowing Against Future Partner Profits May 9, 2009
It laid off 40 associates and 35 staff in November, primarily in real estate and structured finance. In March, it. (Law.com)
Allen City Council candidates in final days of campaigning May 9, 2009
Occupation: Broker and owner of Century 21 Family Real Estate. Background: A 13-year resident of Allen, Herald has served on the city s parks and recreation board for four years and was a member of the Community Emergency Response Team (CERT) prior to his election to the council. (McKinney Courier-Gazette, TX)
Voters Decide Bond Issues, School Board And Council Races Saturday May 9, 2009
Waco District V incumbent Jim Bush also has two challengers; Felecia Simmons, a registered nurse, and Justin Davis Lynn, a real estate agent ... The candidates are Harold Butchart, 60, whos retired from the Army; John Doranski, 48, a U.S. Treasury Department employee; Bernardine Martin, 65, a retired library branch manager, real estate broker and teacher, and JoAnn Purser, 46, who owns Bentina Rentals, Bentina Homes, Killeen Engineering ying and Gary Purser Construction. (KWTX.com, TX)
ViewPoint Financial Group Reports First Quarter 2009 Earnings May 8, 2009
We have reduced our emphasis on consumer lending as we focus on building our balance sheet with residential real estate and commercial loans and investments. Over the past year, we significantly expanded our one-to four-family and commercial real estate loan portfolios: since March 31, 2008, one-to four-family mortgage loans increased by $130 ... Commercial real estate loans increased by $142. (PR Newswire)
County receives good news from debt restructuring; budget hearing to be May 11 May 7, 2009
The debt restructuring comes just as the Board of Supervisors is pondering a real estate tax increase of 10 cents per 100 of assessed value. A public hearing is scheduled for this Monday, May 11, at 6 p.m. at the Community Center, where citizens will have the chance to express opinions about the proposed tax increase and 40. (Appomattox Times Virginian, VA)
Industry Notes May 7, 2009
Search Local Business Listings. OREGON BUSINESS NEWSInternational and local small business news on economics and finance. (OregonLive, OR -- Business)
A mall down and just about out May 7, 2009
Owned for more than 30 years by E.W. Enterprises, the mall changed hands in January when Realty Financial Partners, a real estate investment company based in Wellesley, Mass. took over. (Albany Times Union)
RSU 21 sends $36.2 million budget to voters May 6, 2009
RAIN Wednesday May 6, 2009. 2 million budget to voters. (Seacoast New Hampshire)
Go vote, Racine May 5, 2009
Today s matchup at the polls pits longtime legislator and alderman Turner and Racine real estate broker and former government affairs consultant and lobbyist Dickert the top vote-getters in the April 7 primary horse race of 11 mayoral candidates. The table is set, the ballots are ready and now, the only thing left is for you to get to the polls, do your civic duty and help pick the city s next mayor. (Racine Journal Times, WI)
Financier and Philanthropist Gary Winnick Keynotes "Leadership in Crisis" Conversation at Harvard's Center for Public Leadership May 4, 2009
About Pacific Capital Group Pacific Capital Group, Inc. ("PCG") is a Los Angeles, CA based investment firm established in 1985, which is today involved with private equity, restructuring and investments in a select group of industries, such as material science, health care, real estate and telecommunications. The firm was founded and is led by financier and philanthropist who has 30 years of experience in capital markets and investing. (Yahoo News -- Press Releases)
Career Ed keeps focus on paring portfolio May 1, 2009
This years group feature a cross-section of professionals, from a real estate guru who writes. This year's honorees feature a diverse lineup of up-and-comers, from chefs to statisticians to. (Crain's Chicago Business)
Commerce Dept. releases $53M for salmon disaster May 1, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Supervisors propose 10-cent real estate tax increase, cut school board's request by $367,000 Apr 30, 2009
Supervisors propose 10-cent real estate tax increase, cut school board's request by 367,000 By MARVIN HAMLETT/EditorWednesday, April 29, 2009 10:14 AM EDT. On a split vote, the Appomattox County Board of Supervisors last Tuesday agreed to advertise a 10-cents increase on real estate taxes that will also coincide with a 367,000 cut from the school's proposed budget ... The supervisors proposed to raise real estate taxes from 44 cents to 54 cents per 100 of assessed value. (Appomattox Times Virginian, VA)
State new-car sales fall 43 percent Apr 29, 2009
Sacramento Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Sacramento Business Journal, CA)
Print Yearbooks Are Important Even In the Digital Age Apr 29, 2009
NEWSPAPERS IN EDUCATION. According to Lizabeth Walsh, a master journalism educator and yearbook adviser at Reno High School, Reno, Nev. (Ontario Argus Observer, OR)
Myhre: A Sand Hills annual spectacle Apr 28, 2009
Here more than two dozen male chickens danced and waited, each on their own piece of real estate. We had limited periods of sunshine, which helped the photography, but a vicious wind made it difficult to hear the "booming" sound which prairie chickens make on the lek. (Sioux City Journal)
Fifth Third peeking through the clouds Apr 20, 2009
Fifth Third faces continued elevated credit costs as real estate markets and the overall U.S. economy remain weak, Moody s said in a release ... Cincinnati Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Cincinnati Business Courier, OH)
Waterbury chamber names Ward its CEO Apr 18, 2009
The Republican-American. Saturday, April 18, 2009 3:15 AM EDT. (Republican-American)
City grants use permit to Set Free, Set Free Ministries receives go ahead from council after 90 mnutes of discussionJennifer Boettger, Publisher/Editor Apr 18, 2009
Approved the second reading of an ordinance to sell real estate at 124 Water St. SE.. Heard an update from Fire Chief Tom Moldaschel on the new grass rig. (Sleepy Eye Herald Dispatch, MN)
In a Down Market, Pricing Needs to Get Out Ahead of the Curve Apr 17, 2009
Real Estate News and Advice ... In the book Shift: How Top Real Estate Agents Tackle Tough Times, author Gary Keller discusses the notion of "pricing ahead of the market." Would-be sellers and their agents would do well to pay attention to his ideas ... Bob Hunt is a director of the National Association of Realtors and is author of the recently published book, "Real Estate the Ethical Way." A graduate of Princeton with a master's degree from UCLA in philosophy, Hunt has served as a U.S. Marine,... (RealtyTimes)
Marine banker pushes minority involvement Apr 15, 2009
Stay up to date on the latest news from within the commercial real estate industry. News, analysis and ideas that defy the odds and the times. (Buffalo Business First, NY)
Vendor Payments Are Now In The Cards ATL&T Apr 15, 2009
Lord & Taylor, which recently received a 60 million cash injection from its owner, the real estate company NRDC Equity Partners, is making the charges as part of a two-year-old partnership with AmEx. But sources said AmEx is striking similar deals with other big chains, as the firms that have traditionally financed retail inventories have been rattled by the banking crisis. (New York Post -- Business)
NYU-SCPS and IPREX Co-Sponsor Panel on 'Economic Crisis and Reputation Devaluation: The Communications Response' With Fortune 500 Corporate Communications Leaders Apr 14, 2009
Through its faculty, curricula, and vibrant professional and academic networks, NYU-SCPS captures the expertise of key sectors where New York leads globally: Real Estate; Hospitality, Tourism, and Sports Management; Global Affairs; Philanthropy; Communications Media, Publishing, Design, and Digital Arts; Business, Marketing, and Finance; and the Liberal and Applied Arts, among others. Rigorous and timely programs in these and related areas attract undergraduate and graduate students immersed in... (PR Newswire)
On The Money Apr 12, 2009
Singh, who earned 37 million last year in tournament winnings and endorsements, may not collect anything this year on the endorsement deal, which covers the three priciest pieces of real estate on a golfer, since the troubled firm's assets have been frozen. One report said he hadn't been paid so far this year by the company -- and if Stanford is indeed indicted and later found to have run a Ponzi scheme, then Singh will likely be looking for another sponsor. (New York Post -- Business)
Gary Iverson: Socialist nanny state Apr 11, 2009
Quit work, apply for unemployment, welfare, food stamps, heating-cooling help, real estate tax relief and anything else that is offered. Maybe someone will notice that this doesn t work. (Winona Daily News, MN)
Chuck Stark: Handlers Still Giving Racers a Place to Race Apr 11, 2009
For detailed local information, including crime incident maps, the area's lowest gas prices, real estate prices for each Kitsap community, staff lists and WASL score history for each local school, and much more, check out. Scripps Interactive Newspapers Group. (Yahoo News -- Auto Racing)
Florida to get first solar-powered city Apr 10, 2009
WASHINGTON (Reuters) - A Florida utility and a real estate developer are aiming to bring the country's first solar-powered city to the Sunshine State. FPL Group Inc's utility Florida Power & Light is working with the realty group Kitson & Partners to construct what the utility says will be the world's largest photovoltaic solar plant in a planned, environmentally friendly city near Fort Myers in southwestern Florida. (Scientific American)
