Storm shelters set up on Mexico's coast Nov 8, 2009
"We'll get some wind and rain, but that's about it," said James Watts, 34, part of a family from British Columbia, Canada, that runs The Summer Place Inn and a real estate firm. Originally published in the Athens Banner-Herald on Sunday, November 08, 2009. (Athens Banner-Herald)
Honolulu among top holiday travel spots Nov 7, 2009
Honolulu among top holiday travel destinations - Pacific Business News (Honolulu). for free extra services. (Pacific Business News, HI)
BB&T foreclosing on three Fla. properties Nov 7, 2009
BBclosing on three big Fla. sites - The Business Journal of the Greater Triad Area. (Triad Business Journal, NC)
Bank of Miami loses $18.5M Nov 5, 2009
4 million loss from selling repossessed real estate and securities losses ... South Florida Real Estate. (South Florida Business Journal, FL)
Full Story Nov 4, 2009
Sakowitz, of Bay Harbor Islands, is a real estate attorney and commercial developer. He said he and some friends were approached in August by Rothstein, who was offering a sweet investment in an out-of-court settlement. (WSVN-TV Miami, FL)
Dayton seeks developers for Wright Brothers Airport Nov 3, 2009
for free extra services. Dayton Business Journal. (Dayton Business Journal, OH)
Key step for shipyard developer Nov 3, 2009
"We are seeing first-time home buyers trying to enter the market who are relying on parents or other family for a down payment," said Alan Mark, president of the Mark Co., a San Francisco real estate marketing and research firm. "That is a clear trend.". (San Francisco Chronicle -- Business)
Silicon Valley's distressed real estate lowest in country Oct 31, 2009
The Silicon Valley real estate market has the least amount of distressed real estate in all of the 50-plus regions across the country tracked by ... Las Vegas continues to lead the country by far with $17 billion worth of distressed real estate, followed by Detroit with $2 ... The growing pace of both real estate-owned and resolutions suggests not only that lenders are becoming more willing to reclaim properties but also that sellers are beginning to come to terms with selective buyers. (San Jose Business Journal, CA)
Real Deals: Aurora's Blackstone CC sold Oct 31, 2009
Other significant, recent commercial real estate sales and leases, according to public records and brokers, include. 1042 Logan St., Denver 80203 LLC bought this 12-unit apartment building for $765,000, or $63,750 a unit, in a cash deal. (Denver Business Journal, CO)
Its OK to touch the art in local authors books Oct 30, 2009
Before Appel turned to writing, she was a practicing lawyer and partner at a real estate law firm in New York City until her daughter turned 3. Guglielmo no longer teaches kindergarten at the school and is now a full-time writer and artist living in Plattsburgh with her husband. (Hudson Register Star, NY)
Building housing Capital Grille in Miami faces foreclosure Oct 30, 2009
The commercial real estate meltdown continued to hit hard in South Florida this month as it filed foreclosure lawsuits against office buildings in downtown Miami and Pompano Beach ... South Florida Real Estate. (South Florida Business Journal, FL)
Burger King profit slides 6% in latest quarter Oct 30, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Don King had interest in developing Virginia Key Oct 29, 2009
Onetime Essence Magazine editor and current real estate investor Susan L. Taylor also toured Virginia Key ... South Florida Real Estate. (South Florida Business Journal, FL)
BofA seeks foreclosure MCZ/Centrum projects Oct 29, 2009
The developer, a partnership between MCZ Development and Centrum Properties, made a big splash in South Florida by purchasing prominent properties during the height of the real estate boom ... South Florida Real Estate. (South Florida Business Journal, FL)
Drugs and doubts in ‘Sweet Mary’ Oct 28, 2009
Mary Dulce Maria Guevara is a divorced real estate agent whose life revolves around her independence and young son. Life in Miami is quiet and simple for her until federal agents storm Guevara s home and arrest her on drug charges. (Boston Globe)
Buenos Aires Plans $314 Million Local Bond Sale as Argentina Eases Limits Oct 26, 2009
IRSA Inversiones y Representaciones SA, a real estate investor, led the gain, climbing 15 percent to 3. 57 pesos. (Bloomberg -- Latin America)
Winless Bucs hoping for turnaround in London Oct 25, 2009
They've got the great Tom Brady, Randy Moss," Buccaneers running back Cadillac Williams said Saturday. "(But) anytime you step out there on Sunday you give yourself a chance. "The Bucs (0-6) have lost 10 straight games and face a team that beat the Tennessee Titans 59-0 last week.Buccaneers coach Raheem Morris said the Patriots have many assets, including "their head coach, their quarterback, their receiving corps, their defense. (Seacoast New Hampshire)
Student turns essay into scholarship Oct 24, 2009
Kevin chose to profile Miami businessman and real estate developer Jorge Perez, who was born in Argentina. In 2006, Perez was among the entrepreneurs named by Forbes magazine as the 400 Richest Americans, according to its Web site. (Daytona Beach News Journal -- Local)
Lantana postal fight Oct 23, 2009
WITH THE POST OFFICES LOSING MONEY THEY HAVE TO TAKE CONTROL OF THE BUSINESS JUST LIKE ANY PRIVATE SECTOR DOES. MANY JOBS HAVE SHED JOBS NOW MANY GOVERNMENT JOBS WILL HAVE TO TAKE THE GAS. IF THIS WAS REAL ESTATE OR CAR JOBS NO ONE WOULD GIVE A DAMM. By FormerLantanaRes. (The Palm Beach Post)
Victory boosts Tigers' morale Oct 22, 2009
Augusta-area Top Jobs Receptionist needed (real estate license a plus) Property Manager needed, Part-Time on-site (real estate license a plus). Please fax or email resumes for both positions to: resume12370@ yahoo. (The Augusta Chronicle)
BRZ's Private Equity Assets Double as Lower Rates Attract Pension Funds Oct 22, 2009
Regulators also eased restrictions on buying structured-finance funds, hedge funds, international assets and real estate. Pension funds invested 49 percent of their assets in government bonds when the rules were changed, according to the countrys association of pension funds. (Bloomberg -- Latin America)
Business briefs Oct 22, 2009
"The company continues to remain profitable despite the ongoing nationwide economic downturn and the weak real estate market," said CEO Williams H. McMunn. "The third quarter was marked by one real estate transaction and improved golf operating results. Our income property portfolio remains a solid source of income generation.". (Daytona Beach News Journal -- Business)
Florida Condos Head to New Lows Oct 21, 2009
So says real estate consultant Jack McCabe, who has earned the reputation as South Floridas top residential real estate analyst ... Prices will probably slip further when the $1 billion worth of South Florida condos financed by failed Corus Bankshares goes on the market, said Peter Zalewski, principal of Condo Vultures real estate brokerage. (Newsmax)
Real Estate Outlook: Mixed Signals Oct 21, 2009
Real Estate News and Advice ... Where are the economy and real estate headed in the coming months ... Kenneth R. Harney writes an award-winning, nationally-syndicated column on housing and real estate from Washington, D.C. He is also managing director of the National Real Estate Development Center, a professional education company. (RealtyTimes)
Don Peebles: I may run for District mayor Oct 20, 2009
District native and real estate mogul Donahue Peebles says he is considering running for mayor against Adrian Fenty next year ... has a real estate portfolio estimated at $4 billion, told the Washington Business Journal he will either run himself or support another candidate because of what he called a continued pattern of a lack of oversight and accountabilty under Fenty ... Although he spent much of the real estate boom doing projects in the South, he has been more visible in D.C. in the last... (Washington Business Journal, DC)
Not all government contract holders are truly small Oct 19, 2009
The Republican-American. Monday, October 19, 2009 3:18 AM EDT. (Republican-American)
Rick continues as Category 5 hurricane off Mexico Oct 18, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Report: Reno, Vegas housing markets to be weakest Oct 18, 2009
Veros Real Estate Solutions is forecasting a 12 percent median price decline in Reno for both new and existing single-family homes over that period, the biggest drop in the nation. According to the firm's VeroFORECAST, Las Vegas came in a close second with a projected 11 percent loss in home values over the next year. (OregonLive, OR -- Business)
The most expensive cities in America Oct 18, 2009
Despite a dismal real estate market, Miami offers vibrant nightlife, and a large consortium of creative professionals. And Boston, while pricey, is home to Harvard and MIT universities, which means there will be a steady stream of new residents to help prop up its local economy. (MSNBC -- Business)
Buyers Sue Trump in Miami Condo Glut as Values Seen Returning to '89 Level Oct 17, 2009
Oct. 16 (Bloomberg) -- Robert Cooper says he has found a way to make money in South Floridas real estate bust ... Condos on which they made deposits of up to $1,000 a square foot in 2006 are now selling for $125 to $350 a foot, said , a real estate consultant in Deerfield Beach, Florida ... In Dade, Broward and Palm Beach counties, there are more than 43,000 condos and townhouses on the market, almost 1-1/2 times the number of single-family homes, according to Condo Vultures LLC, a Bal... (Bloomberg)
Empty stores piling up in metro area Oct 17, 2009
Vacancy has soared to 23 percent, according to real estate research and advisory firm Property and Portfolio Research. That s higher than Miami and Chicago and the 13th highest out of 54 markets. (Atlanta Business Chronicle, GA)
BofA files two commercial foreclosures Oct 16, 2009
The Center in Davie and the condominium project in South Beach have been caught up in s run of commercial real estate foreclosures ... South Florida Real Estate. (South Florida Business Journal, FL)
Premier Valley Bank earnings drop 61.6% Oct 16, 2009
President and chief executive J. Mike McGowan said the results reflect the challenging times, including "unprecedented low short-term interest rates and continuing softness in local economic conditions, including real estate markets.". McGowan said the bank is building capital and reserves and is well-positioned for the future. (Fresno Bee)
Committee nixes affordable housing funding Oct 16, 2009
Anne Manning, executive director of of Greater Miami, said people have the wrong idea about the real estate downturn ... South Florida Real Estate. (South Florida Business Journal, FL)
Opus South condo towers to change hands Oct 15, 2009
real estate developer Two others Opus East LLC and Opus West Corp. also have sought bankruptcy protection ... Tampa Bay Real Estate. (Tampa Bay Business Journal, FL)
Jeffrey Hernandez and Art Johnson live interview at 9:30 a.m. Oct 15, 2009
Mr. Hernandez should explain to us how he can serve as Chief Academic Officer in Palm Beach County implementing changes that fundamentally change education while he moonlights as a Real Estate agent for Century 21 Gables Gate Reality in Miami. William A. Cellich. (The Palm Beach Post)
FP&L nuclear expansion goes to PSC Oct 15, 2009
FPear expansion goes to PSC - South Florida Business Journal. for free extra services. (South Florida Business Journal, FL)
Columnists call for Jauron's head Oct 13, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
Cruise along the Charles Oct 12, 2009
Other boldfacers at the ballpark included Celtics co-owner Steve Pagliuca - in a first, the Senate hopeful placed ads on the K cards - Olympic gold medal swimmer Jenny Thompson, nightlife nabob Patrick Lyons, Dropkick Murphy Ken Casey, Sox alum Dwight Evans, Suffolk Construction s John Fish, rocker Bill Janovitz, New Boston Fund s Jerry Rappaport Jr., Intercontinental Real Estate s Peter Palandjian, Mandarin Oriental developer Robin Brown, Entercom exec Julie Kahn and husband Dan Scully, former... (Boston Globe)
Retail rents suffer in ritzy neighborhoods Oct 12, 2009
Not retail ones, but real estate ones ... South Florida Real Estate. (South Florida Business Journal, FL)
Lakes on the Green faces foreclosure Oct 10, 2009
This is the fifth pending foreclosure lawsuit in Miami-Dade that names Espinosa, Cambert, Beane and one of their real estate entities ... South Florida Real Estate. (South Florida Business Journal, FL)
Colo. group buys $14M note on Fla. project Oct 10, 2009
In May, Colorado & Santa Fe Real Estate affiliate Vista Rio Partners bought an $8. 5 million mortgage covering the 60-unit Villa Lante condo project in Miami from. (Denver Business Journal, CO)
Oaks at Hidden Harbor note sold Oct 9, 2009
HH Oaks, an affiliate of Colorado & Santa Fe Real Estate Co., bought the $14 million mortgage from the bank on Sept. 25, according to Miami-Dade County Circuit Court records ... In May, Colorado & Santa Fe Real Estate affiliate Vista Rio Partners bought an $8 ... South Florida Real Estate. (South Florida Business Journal, FL)
South of Fifth faces $79M foreclosure Oct 9, 2009
Adam Greenburg, the managing director of Miami-based , said the developer s asking price of $1,300 a square foot was way too expensive for this real estate market ... South Florida Real Estate. (South Florida Business Journal, FL)
Spire's $118M construction loan is sold Oct 9, 2009
Corus was plagued by problem loans in states hit hard by the residential real estate downturn, including Florida, Arizona and California ... Ross is also CEO of New York real estate firm Related Cos. (Denver Business Journal, CO)
Foreclosures Mark Pace of Enduring Housing Crisis Oct 9, 2009
A recent pickup in sales and home prices in some regions has been heralded as a sign that the crisis in residential real estate may be close to bottoming out, after the steepest price decline since at least 1890. But nearly half of recent sales have been attributed to foreclosures or "short sales" at bargain-basement prices. (Newsmax)
Starwood, TPG Make Winning Corus Bid in Jostle for Cheap Real Estate Loans Oct 7, 2009
as investors scramble to acquire commercial real estate loans at a fraction of their face value ... Its a healthier sale than some people thought it would be, said , chief investment officer of Global Realty Partners, the unit of Cohen & Steers Inc. that invests in private equity real estate funds ... Private-equity firm TPG has targeted real estate-related concerns before, including Harrahs Entertainment Inc.. (Bloomberg -- US)
Starwood wins Corus assets Oct 7, 2009
The FDIC will keep a 60 percent stake in the non-performing construction loans and real estate assets that have an unpaid principal balance of about $4 ... Starwood's Northwest Investment LLC consortium includes Capital (formerly Texas Pacific Group), and WLR LeFrak, a venture that involves investor Wilbur Ross and real estate company the LeFrak Organization ... Its banking operations were split from its real estate assets. (South Florida Business Journal, FL)
Kohjinsha Packs Dual 10-inch Screens Into Laptop Oct 6, 2009
The aim is to pack as much screen real estate into a small form factor, Kohjinsha said. Other specifications of the laptop include up to 4GB of RAM, support for 802. (Yahoo News -- Technology)
Celebrity captains promote Fla. fishing Oct 6, 2009
Captains promote Florida fishing, state films waterfronts - Tampa Bay Business Journal. for free extra services. (Tampa Bay Business Journal, FL)
Houston Nutt press conference transcript Oct 6, 2009
Real estate is very valuable. Each time a back, receiver or tight end touches a ball - get north. (Ole Miss Sports -- Rivals.com)
New Miami incentives target vacant homes Oct 3, 2009
Grant Stern, president of Miami-based , said the program has the potential to help the local real estate market continue to gain traction ... South Florida Real Estate. (South Florida Business Journal, FL)
BankUnited seeks office condo foreclosure Oct 3, 2009
This is the fifth pending foreclosure lawsuit that names Espinosa, Cambert, Beane and one of their real estate entities. The lawsuit includes two mortgages to Power One Real Estate ... The other foreclosure involving the trio is a $900,000 complaint brought by against Power One Real Estate over three residential units in the Lake Placid Condominiums in Miami Lakes. (South Florida Business Journal, FL)
Investor Report: Mini Miami Boom Oct 2, 2009
Real Estate News and Advice ... Many of the foreign buyers are scooping up what they see as prime real estate at once in a lifetime prices ... Kenneth R. Harney writes an award-winning, nationally-syndicated column on housing and real estate from Washington, D.C. He is also managing director of the National Real Estate Development Center, a professional education company. (RealtyTimes)
OHare-area hotel faces foreclosure Oct 2, 2009
In a highly leveraged deal, Blue Ribbon paid $11 million for the real estate in October 2006, property records show, a price that doesnt include related businesses, such as meetings. The original principal amount of the loan was $11. (Crain's Chicago Business)
'Condo vulture' featured in Moore film Oct 2, 2009
Florida s up and coming real estate whiz is how filmmaker Michael Moore introduces managing principal Peter Zalewski in his new film about capitalism ... Since going it on his own, he launched a Web site that features stories on real estate activity in South Florida, and distributes a real estate-specific newsletter ... He also has a real estate brokerage called Condo Vultures Realty. (South Florida Business Journal, FL)
Corus Bank loan buyer could resell loans Oct 1, 2009
Whoever buys s $4 billion commercial real estate loan portfolio out of receivership likely will resell many of the projects shortly after the deal closes ... 42 billion in commercial real estate loans and $463 million in repossessed properties ... South Florida Real Estate. (South Florida Business Journal, FL)
SoBes Raleigh Hotel finds buyer Oct 1, 2009
a Miami-based real estate private equity firm, and AJ Capital Partners, a Chicago-based real estate investment company, purchased the 105-room hotel in an all-cash transaction, according to a news release ... In a challenging environment with an abundance of real estate investment opportunities, The Raleigh stood apart as a flagship of Art Deco design in South Beach, said Ben Weprin, CEO of AJ Capital Partners ... South Florida Real Estate. (South Florida Business Journal, FL)
Former site of Sonesta Key Biscayne sold for $78M Sep 30, 2009
The former site of the Sonesta Key Biscayne has been sold for $78 million to an Argentine real estate investment and development company ... South Florida Real Estate. (South Florida Business Journal, FL)
Bilzin Sumberg signs with 1450 Brickell Sep 30, 2009
Blanca Commercial Real Estate President and CEO Tere Blanca and Executive Vice President Danet Linares handled the deal ... The building s leasing broker is Jack Lowell, VP of Flagler Real Estate Services in Coral Gables ... South Florida Real Estate. (South Florida Business Journal, FL)
Chinese drywall maker held in default Sep 26, 2009
Court holds Chinese drywall maker in default - Jacksonville Business Journal. for free extra services. (Jacksonville Business Journal, FL)
Staubach, others dare to make predictions Sep 25, 2009
s Denver branch agrees with Berra, but decided it was important to make some prognostications about the global, national and local commercial real estate markets future anyway at a Thursday breakfast event ... Industry experts gave overviews of the capital markets, industrial real estate trends and the office market ... The economic forecast panelists had the following to say about the future of commercial real estate. (Denver Business Journal, CO)
Notes » Sep 25, 2009
Despite a slumping real estate market and the vitriol towards Bernie Madoff, the scorned financial advisor's Montauk estate sold for more than the asking price of $8. 75 million, two weeks after it was listed for sale. (ESPN -- Outdoors)
CSD Architects to shut down after 62 years in business Sep 24, 2009
The pending closure is one of the most severe signs yet of the toll the commercial real estate slump has placed on the architecture industry ... Schamu said his 27-year-old firm has weathered prior real estate slumps. (Baltimore Business Journal, MD)
Miami: 10 Things to Do in 24 Hours Sep 24, 2009
But this collective weirdness happens to sit on one terrific piece of real estate. Miami has turquoise waters and white sand beaches. (Time.com)
