Toll Brothers 2Q homebuilding revenue fell by half May 20, 2009
- Toll Brothers Inc. said Wednesday its homebuilding revenue dropped by 51 percent in its fiscal second quarter, but the luxury homebuilder sees signs the real estate market is recovering ... But there are also a few reasons the real estate recession, now in its third year, may not be ending. (Waterloo Courier, IO)
Senator: More oversight needed of pension agency May 20, 2009
Compounding the agency's fiscal problems are investigations into allegations that its former director, Charles E.F. Millard, had inappropriate contacts with three Wall Street firms that recently won multimillion-dollar contracts to advise the agency on a new strategy to invest its assets more heavily in stocks, real estate and private equity rather than more conservative fixed-income treasury securities ... In February 2008, during Millard's tenure, the board approved a new investment strategy... (Waterloo-Cedar Falls Courier)
Ex-C.F. man slain in N.Y. (3188) May 20, 2009
Daniel Benton Tedlie, 57, had made a living in theater and real estate in the Big Apple and was in the process of moving to Colorado to be closer to his mother and sister when he was gunned down while having dinner with a former girlfriend at her apartment in February. The slaying was described as a double murder/suicide. (Waterloo-Cedar Falls Courier)
Homebuilder Sentiment Index Jumps 2 Points May 19, 2009
By ALEX VEIGA AP Real Estate WriterLOS ANGELES May 18, 2009 (AP) The Associated Press FONT SIZE. Homebuilders are growing more optimistic about the state of housing and say they see signs that the end of the housing market's three-year downward spiral may be near. (ABC News -- Wire)
- UPCOMING EVENTS: Brawley has cheer tryouts 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)
GM spares Q-C dealerships May 16, 2009
They re targeting those with non-GM brands on the same real estate, he said ... And the dealer has a whole host of customers, he said, adding that the risk falls on the dealer, who owns the real estate, cars and parts and pays the other expenses including the employees salaries and benefits. (Sioux City Journal)
Holdiman: Chrysler decision not final May 16, 2009
"The dealer owns the real estate, the building, the inventory, pays and trains the staff and provides benefits," he said. "So, the dealer is a contributor to the community he is in and to the state.". (Waterloo Courier, IO)
North Central Bancshares, Inc. Announces Preliminary Results for First Quarter 2009 May 12, 2009
The increase in other income was primarily due to an increase in income from the sale of annuities and a decrease in costs related to other real estate owned ... The decrease in net loans was primarily due to payments, prepayments, and sales of loans, offset in part by the origination of one-to-four family residential, commercial real estate and consumer loans ... 8 million of one-to-four family real estate representing a decrease of $5. (PR Newswire)
Stress test results: what it all means May 8, 2009
The biggest concern is that regional banks hold a great many commercial real estate loans, which could default if the recession deepens ... Or, maybe we're not out of the woods: Many analysts fear banks holding large amounts of commercial real estate loans will see more defaults because of the recession that could cost them billions of dollars. (Anchorage Daily News)
Fredrick Allen ErbenOct. 22, 1941 - April 28, 2009 May 6, 2009
NEWSPAPERS IN EDUCATION. Fred moved to Vale 20 years ago and has resided there ever since. (Ontario Argus Observer, OR)
Former NH town official faces drug charges in Ill. May 3, 2009
Former NH town official faces drug charges in Ill. M/SUNNY Sunday May 3, 2009. (Seacoast New Hampshire)
Americans struggle through a day in the recession May 3, 2009
Down-and-out real estate agents ... AP Photo - In this photo taken Wednesday, April 1, 2009, an unemployed real estate broker identified only as Joe carries some DVDs and video games he will try to pawn for gas for his 2005 Jaguar, seen parked, at Best Value Jewelry in Fort Pierce, Fla ... sits outside a Real Estate Disposition home auction in Grand Rapids, Mich. (Fresno Bee -- Business)
Boswell voices cautious optimism about stimulus plan May 2, 2009
Developers and real estate folks tell me property s moving not big-time, but moving. He doesn t expect a quick turn-around. (Waterloo-Cedar Falls Courier)
Board rejects women's transitional home May 2, 2009
"In this neighborhood there is still pride of ownership, and they're here to defend that," said Dan Hillman, a real estate agent speaking on behalf of some neighbors. "Why take a chance of ruining a good neighborhood like this?". (Waterloo-Cedar Falls Courier)
Investigation began as civil issue in Reichert case (3303) May 1, 2009
That investigation led the Muscatine County Sheriff s Office to seize financial records and computer files April 23 when officers simultaneously executed warrants at Karl Reichert s home at 3402 Tipton Road and his office at Muscatine Real Estate Associates, 1424 Park Ave.. Investigators for the sheriff and county attorney s offices have declined to provide further information until after the investigation is completed. (Muscatine Journal, IO)
HCC to sublease building to Grundy Center schools Apr 30, 2009
In addition, the college will pay real estate taxes with the monthly rent. The center is being built so that students from area high schools have a central location for Project Lead the Way engineering classes, which are done in partnership with the college. (Waterloo Courier, IO)
Updated: Muscatine Realtor under investigation; Reichert says any allegations are 'unfounded and baseless' Apr 29, 2009
The Muscatine County Sheriff s Office seized financial records and computer files April 23 when officers simultaneously executed warrants at Reichert s home at 3402 Tipton Road and his office at Muscatine Real Estate Associates, 1424 ... MUSCATINE, Iowa Authorities seized records after searching Karl Reichert s home and real estate office ... The Muscatine County Sheriff s Office executed warrants at about 12:30 p.m. Thursday at Reichert s home at 3402 Tipton Road and office at Muscatine Real... (Muscatine Journal, IO)
Muscatine Realtor being investigated by county authorities; records seized from Karl Reichert's home, office (4984) Apr 29, 2009
MUSCATINE, Iowa Authorities seized records after searching Karl Reichert s home and real estate office. The Muscatine County Sheriff s Office executed warrants at about 12:30 p.m. Thursday at Reichert s home at 3402 Tipton Road and office at Muscatine Real Estate Associates, 1424 Park Ave.. (Muscatine Journal, IO)
UPCOMING EVENTS Apr 28, 2009
Relay for Life bake sale A bake sale benefiting Relay for Life will be held at the Real Estate Specialists building, located at 731 Lake Ave. in Storm Lake. The bake sale will be from 8:00 am to 3:00 pm. (Storm Lake Pilot Tribune, IA)
Bucksbaum family could see stake vanish Apr 17, 2009
General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate; John BucksbaumChairman of the Board Adam MetzChief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago ... This years group feature a cross-section of professionals, from a real estate guru who writes. (Crain's Chicago Business)
Property values overall show little change with revaluations Apr 15, 2009
Agricultural land and buildings are figured differently than commercial and residential real estate. Ag land is valued using the productivity formula with guidelines from the Iowa Department of Revenue. (Forest City Summit, IO)
Local banks stable, see signs of economic upturn Apr 15, 2009
The real estate and mortgage loans are busier than ever, according to Johnson, as customers take advantage of low interest rates to obtain a mortgage or refinance their existing mortgages. He said activity in the real estate and mortgage department has been almost as much in this quarter alone as all of last year's activity ... Joe Aube with Real Estate Specialists told the Pilot-Tribune in an earlier interview that with this year's federal stimulus package first time buyers (classified as... (Storm Lake Pilot Tribune, IA)
World markets climb after Goldman profit surprise Apr 14, 2009
Shares of Japanese real estate companies also dropped after developer Sumitomo Realty opment said annual profit likely fell 30 percent. The firm's shares shed 5. (Waterloo-Cedar Falls Courier)
AP Poll: Taxpayers more frugal with refunds Apr 13, 2009
Only 3 percent of those receiving refunds said they planned to invest at least part of the money in real estate, which has been depressed in markets across the country ... said he plans to use part of his hefty refund to take advantage of real estate bargains in the Atlanta area. (Waterloo Courier, IO)
Adult care bill clears Senate panel Apr 12, 2009
GOVERNMENT EFFICIENCY: Democrats promised to create a State Government Reorganization Commission to go through state budget with a "fine-tooth comb" looking for "bold alternatives to "dramatically" reorganize state government to trim costs. House State Government Chairwoman Mary Mascher, D-Iowa City, said legislators must take the same approach to their budget as middle-class families. Senate Minority Leader Paul McKinley, R-Chariton, called the proposal "disingenuous" coming in the 13th week of... (Waterloo Courier, IO)
America's uninsured haven't shown collective power Apr 12, 2009
Vicki, 60, sells real estate. Her income has plunged due to the housing collapse. (Waterloo Courier, IO)
Medical office building planned near Grundy County hospital Apr 11, 2009
(older than 14 days). Article rated a 0 by 0 users. (Waterloo Courier, IO)
Germany launches Hypo Real Estate takeover bid Apr 9, 2009
In this Oct. 7, 2008 file photo the logo of the Hypo Real Estate is seen at the bank's building in Munich, southern Germany. Germany's parliament on Friday cleared the way for the government to take full control of battered lender Hypo Real Estate Holding AG, giving final approval to a law that allows it to expropriate shareholders if necessary ... Hypo Real Estate shares leapt by 15 percent to euro1. (Waterloo Courier, IO)
Leroy Phillips sings at Allen House Apr 7, 2009
Besides farming, Phillips has a Property Connection Real Estate office at 510 Poplar St., dealing in land, homes and commercial real estate. Leroy and Elaine have two children, Jessica of Iowa Falls, and a son, Wes of Ellsworth. (Atlantic News-Telegraph, IO)
Low rates prompt refinancing Apr 4, 2009
Robin Bratvold, vice president of real estate lending at Clear Lake Bank and Trust, said inquires and applications are up significantly. I would definitely say it s worth taking a look at, especially if they plan to be in their home for several more years, she said. (Mason City Globe-Gazette, IO)
Housing panel addresses inventory, financing Apr 1, 2009
Real estate transactions always start with the lender, Peevler said. Each real estate deal can generate thousands of dollars for the local economy, he added. (Keokuk Daily Gate City, IO)
HOMESCHOOLING: Families continue despite economic hardships Apr 1, 2009
" She said some of her friends have taken more drastic measures selling their cars or even their homes to keep homeschooling. Shelly Mabe, a coordinator for a group of 250 Christian homeschooling families in Michigan's Macomb County, said she hasn't heard of any of them giving up homeschooling but some have moved to other states where laid-off fathers had better job prospects. In La Pine, Oregon, Colleen Schneider is still trying to adjust to the challenges that arose when a booming local real... (USA Today -- News)
More workers find job benefits their safety net Mar 29, 2009
The Republican-American. Sunday, March 29, 2009 3:13 AM EDT. (Republican-American)
Forbes ranks Austin No. 8 on best places for biz list Mar 28, 2009
com spoke with the , which expanded its Austin presence in 2007 when it purchased the 401(k) Co. "The city of Austin is extremely business-friendly. They have bent over backwards to accommodate us," Glenn Cooper, head of real estate at Schwab, told the news site ... Stay up to date on the latest news from within the commercial real estate industry. (Austin Business Journal, TX)
NOTICE OF SHERIFFS LEVY AND SALE IN THE IOWA DISTRICT COURT FOR MUSCATINE COUNTY COURT CASE #EQCV016206 & EQCV016324 (2) Mar 24, 2009
The execution ordered the sale of defendant(s) REAL ESTATE to satisfy the judgment ... Homestead: Defendant is advised that if the described real estate includes the homestead (which must not exceed 1/2 Acre if within a city or town plat, or, if rural, must not exceed 40 Acres), defendant must file a homestead plat with the Sheriff within ten (10) days after service of this notice, or the Sheriff will have it platted and charge the costs to this case. (Muscatine Journal, IO)
Greenbelt Centre thriving in murky economy Mar 24, 2009
WATERLOO --- The real estate market may be hurting across the country, but there appears to be a lively island of growth in the middle of the Cedar Valley ... The Greenbelt Centre is Youngblut's first foray into real estate ... Youngblut said he is not intimidated by a downturn in the real estate market, although he knows these are challenging times. (Waterloo Courier, IO)
Obama Defends Geithner, Focuses on Passing Budget Mar 23, 2009
It is "a vision of America where growth is not based on real estate bubbles or over-leveraged banks, but on a firm foundation of investments in energy, education and health care that will lead to a real and lasting prosperity," Obama said Saturday. Being heard above the din may prove difficult. (Newsmax)
Tennessee upset Mar 23, 2009
Ball State stuns Tennessee 71-55. Article:Ball State stuns Tennessee 71-55:/n/a/2009/03/22/sports/s202725D28. (San Francisco Chronicle -- Sports)
Financial companies' workers reassured about bonuses Mar 23, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Sowers sees trust in present Warsaw city government as weakness that needs attention Mar 21, 2009
Education: Attended Keokuk High School and Community College and took and passed a real estate course at John Wood Community College. Civic activities: Past president of the Keokuk Board of Realtors, member of the National Association of Realtors and Trustee of the Warsaw Library Board. (Keokuk Daily Gate City, IO)
NOT GIVING UP: Amid hard times, homeschooling families persist Mar 16, 2009
Colleen Schneider is still trying to adjust to the challenges that arose when a booming local real estate market collapsed, and her husband's earnings in drywall work plummeted. Initially, she tried to work an early morning shift at Subway, but soon switched to evenings. (Orangeburg Times and Democrat, SC)
Brace yourself: Property value increases coming Mar 15, 2009
A: Under state law, it's defined as the "most probable price between a willing buyer and a willing seller with adequate exposure to the open market,'' Jordan said. Foreclosure sales, sheriff's sales and couples liquidating a property because of a divorce are not examples of open market transactions.Q: In researching the sale of homes, which period of time did the assessor's office look at?A: From July 1, 2007, to Dec. 31, 2008.Q: In the midst of a recessionary economy and slumping real estate... (Sioux City Journal)
Jason Reeves Announces Three Shows at Upcoming South by Southwest Music Festival in Austin, TX Mar 13, 2009
Top iTunes Singer/Songwriter to Headline VH1 Save The Music Foundation Event. --(BUSINESS WIRE)--Emerging singer/songwriter Jason Reeves, who was signed to Warner Bros. (Yahoo! Wire -- Entertainment News)
Chicago's Sears Tower to get new tenant, new name Mar 13, 2009
Along with moving 500 employees into 140,000 square feet on multiple floors of the 110-story building this summer, the Willis Group gets the naming rights as part of its lease agreement with the real estate investment group that owns Sears Tower ... A real estate investment group formed in 2004 now owns the 1,451-foot skyscraper. (Sioux City Journal)
Local housing market consistent with state trends Mar 11, 2009
Dale Gross, a realtor with Meyer and Gross Real Estate in Atlantic, said the decrease in sales in the local area can be attributed to a seasonal slowdown. Gross said that winter months and holidays tend to affect housing sales and as spring rolls around, sales should increase again. (Atlantic News-Telegraph, IO)
After 60 years Circuit City powers down (50) Mar 9, 2009
In its wake Richmond-based Circuit City Stores Inc. will leave more than 18 million square feet of vacant space in a faltering real estate market ... 32 billion in debt and getting out of older real estate. (Waterloo-Cedar Falls Courier)
Weingarten Realty Investors Announces Two Promotions to Vice President Mar 7, 2009
As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty (NYSE:) is celebrating its 60th anniversary as a commercial real estate owner, manager and developer, formed in 1948. Focused on delivering solid returns to shareholders, Weingarten is actively developing, acquiring, and intensively managing properties in 23 states that span the United States from coast-to-coast. (PR Newswire)
Dartmouth students apologize for racist e-mail Mar 7, 2009
P/CLOUDY Saturday March 7, 2009. Today's most viewed articles. (Seacoast New Hampshire)
Consumer borrowing rose unexpectedly in January Mar 7, 2009
The Fed report does not include loans backed by real estate, which means home mortgages and home equity lines of credit are not covered. A service of the Associated Press(AP). (Waterloo Courier, IO)
Courier launches Homeseller Web site Mar 5, 2009
The Courier launched a new real estate Web site called Homeseller last week. The site lets people build a search for properties, offers links to real estate agents selling them and can calculate the estimated mortgage payment ... The Courier still will carry real estate and open house listings in every Sunday paper, said publisher David Braton. (Waterloo-Cedar Falls Courier)
'Stay the Course' Advice Wearing Thin Mar 5, 2009
"Even (real estate) is volatile. But I don't feel it's got the volatility and the unpredictability that the stock market does," she said. "In my mind, the stock market is just not the place to be now.". (ABC News -- Wire)
PPFA Elects 2009-2010 Board of Directors Mar 4, 2009
LAS VEGAS--(BUSINESS WIRE)--Members of the Professional Picture Framers Association (PPFA), a PMA member association, elected their 2009-2010 board of directors today at the PPFA Renaissance Luncheon and All-Member Meeting. Gene Ausili, The Picture Show, Valencia, Calif. (Yahoo! Wire -- Entertainment News)
Local court system changes with state budget cuts Feb 25, 2009
Holland said her office has seen an influx in real estate foreclosures and small claims lawsuits. This growing trend not only reflects a troubled economy, but means more work for the courthouse. (Forest City Summit, IO)
Center for Siouxland elects 2009 board (40) Feb 22, 2009
Sioux City Journal : Center for Siouxland elects 2009 board. Russ Wermers of US Bank was elected chair of the Center for Siouxland Board of Directors for 2009 at the board's February meeting. (Sioux City Journal)
FERC approves Constellation-EDF deal Feb 20, 2009
Stay up to date on the latest news from within the commercial real estate industry ... Baltimore Real Estate. (Baltimore Business Journal, MD)
Poll: Public fears about troubled economy growing Feb 19, 2009
The troubled commercial real estate industry is facing a deluge of debt coming due this year at the same time that property prices, rents and occupancies are falling. (AP Photo/Mark Lennihan) ~ADVERTISING~ | | | | | Thursday, February 19, 2009 3:45 AM CST Poll: Public fears about troubled economy growing By DARLENE SUPERVILLE WASHINGTON - As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their... (Waterloo-Cedar Falls Courier)
IPC Holdings, Ltd. Reports Fourth Quarter 2008 Results Feb 18, 2009
Source: IPC Holdings, Limited. PEMBROKE, Bermuda, Feb. 17, 2009 (GLOBE NEWSWIRE) -- IPC Holdings, Ltd. (NasdaqGS: - ) today reported net income for the quarter ended December 31, 2008 of $43. (Primezone Releases)
Kauai publication cuts paper size Feb 18, 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. (Pacific Business News, HI)
Administration pushing ahead with bank rescue Feb 17, 2009
Other features include a major expansion of a joint Treasury-Fed program to support as much as $1 trillion in lending for consumer debt such as credit cards and student loans and business loans including commercial real estate. The other elements include the potentially $1 trillion in support of a program to buy bad assets and $50 billion to support foreclosure mitigation efforts. (Waterloo-Cedar Falls Courier)
West Wing: Proximity to power is a big plus Feb 15, 2009
Sosnik said people make too much of who sits where in the White House, adding that a staff member's relationship with White House decision-makers trumps real estate in the end. "A person's relationship is more important than office location," Sosnik said, "and that's completely underappreciated and valued by people trying to figure who's got what kind of juice in an administration.". (Waterloo-Cedar Falls Courier)
Most Iowa banks are profitable, still lending Feb 13, 2009
Most of the banks that lost money last year had significant exposure to commercial real estate and development lending, Gronstal said. Despite the current recession, Iowa's state-chartered banks increased their loans by nearly 7 percent in 2008. (Sioux City Journal)
Home show set for weekend writeLink("vid_id=1450&file=homeshow021209.flv"); Feb 13, 2009
Experts will be available to discuss home security systems, outdoor lighting, real estate, painting, wallpapering, water treatment, vacuums and more. Landscaped gardens will be built by local landscapers, Miller said. (Waterloo Courier, IO)
Microsoft data center to sit idle Feb 13, 2009
This years group feature a cross-section of professionals, from a real estate guru who writes. Looking for a new job. (Crain's Chicago Business)
North Central Bancshares, Inc. Announces Annual Results for Year End 2008 Feb 12, 2009
The increase in noninterest expense during 2008 was primarily due to the write down of value in other real estate owned, information technology enhancements, and FDIC insurance premiums, offset in part by a decrease in salaries and employee benefits ... The decrease in net loans was primarily due to payments, prepayments, and sales of loans, offset in part by the origination of one-to-four family residential, consumer loans, and the purchase of multi-family real estate loans ... 4 million of... (PR Newswire)
Morgan Stanley Fires Worker in China Over Bribery Feb 12, 2009
In a two-sentence statement in a document filed with the Securities and Exchange Commission, the New York-based bank said it has recently uncovered actions initiated by an employee in China "in an overseas real estate subsidiary.". "Morgan Stanley terminated the employee, reported the activity to appropriate authorities and is continuing to investigate the matter," the company said in the filing. (ABC News -- Wire)
