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    News and Articles on Real Estate

    Archives: Real Estate

    Foreclosure is a problem for celebrities too  Jul 3, 2009
    MORE FROM REAL ESTATE ... Real estate Section Front ... Add Real estate headlines to your news reader. (MSNBC -- News)

    Air base partner avoids closure  Jul 3, 2009
    6 million purchase in the current slow real estate and lending environment ... LNR was put on negative credit watch in March by Wall Street credit agency by Standard & Poor s, citing deterioration in the commercial real estate market. (Boston Globe)

    Has Housing Market Hit Bottom?  Jul 3, 2009
    Real Estate in 10 Cities from Los Angeles to Miami - ABC News ... Prices in Manhattan "fell off the cliff" at the start of this year, according to one of the city's leading real estate companies ... Real estate experts believe the drop is at or near its bottom, but it could be some time before homeowners from Seattle to Miami see their values rebound. (ABC News -- Business)

    Americas Got Talent recap: So Hairo Torres thinks he can dance  Jul 3, 2009
    L/FOG Friday July 3, 2009. Americas Got Talent recap: So Hairo Torres thinks he can dance. (Seacoast New Hampshire)

    1101 Brickell deal closes  Jul 2, 2009
    Real estate experts say Hollo likely will hold onto the 1101 Brickell site until the market rebounds and existing projects already out of the ground are absorbed ... South Florida Real Estate. (South Florida Business Journal, FL)

    Condo closings halved  Jul 2, 2009
    "A majority of the second-quarter closings occurred in three projects: Marina Blue, 1060 Brickell, and the south tower of Brickell on the River," said Peter Zalewski, a principal with Bal Harbour-based Condo Vultures, a real estate consulting firm ... South Florida Real Estate. (South Florida Business Journal, FL)

    Fraud imperils future of feeding program  Jul 1, 2009
    Ward s business success continued and he sold his company in 1995 and invested the profits in real estate in Colorado. In 2006, when he and his partners sold a shopping center, Ward put $3. (Atlanta Journal-Constitution)

    Miami Herald land deal extended again  Jul 1, 2009
    At that time, most experts interviewed by the Business Journal predicted that the deal would not close on time because the price was negotiated at the height of the real estate boom and that finding financing was more difficult, a prediction that came true ... South Florida Real Estate. (South Florida Business Journal, FL)

    Owner tries online auction  Jun 30, 2009
    Pre-owned condo sales dipped 23%, according to the Real Estate Center at Texas A&M University. For the first five months of the year, real estate agents sold 24,454 pre-owned homes in North Texas, down 24. (Dallas Business Journal, TX)

    Financial crisis coverage dominates Loeb Awards  Jun 30, 2009
    The awards come at a time when many newspaper publishers have been struggling with a sharp drop in their main source of revenue - advertising - as more readers shift to free news online and the recession crimps spending on real estate, help wanted and auto classified ads ... Mitch Weiss of The Associated Press was a finalist in the News Services category for his investigative report about real estate appraisers' inflation of home values and regulators' inability to effectively punish those... (Anchorage Daily News)

    Members Lost Big on Real Estate  Jun 29, 2009
    Like many property owners in a declining real estate market, Rep ... According to annual financial disclosure reports, a number of House lawmakers sold real estate at a loss in 2008 ... The financial reports include only rental, business or other real estate that produces income and not personal homes. (Roll Call)

    The 10 Most Dollar-Discounted Housing Markets  Jun 28, 2009
    As the historic real estate bust continues to gut home prices throughout the country, property owners everywhere are scrambling to attract buyers ... To pinpoint which housing markets are offering the steepest discounts in total dollar terms, we turned to the real estate search engine of U.S. News partner Trulia ... Home price declines accelerated dramatically in the wake of the collapse of Lehman Brothers in mid-September, says Noah Rosenblatt, vice president at Halstead Property, a New York... (Yahoo News -- Top Stories)

    Biscayne Bankshares approved for $6.4M in TARP  Jun 27, 2009
    The bank has to be diligent on its underwriting, but Lumpkin said he sees pockets of real estate that realty experts think have stabilized or neared the bottom, such as Coral Gables, Coconut Grove and Pinecrest ... In a first quarter regulatory report, Biscayne Bank was among the rare South Florida banks that had zero real estate owned, a category that describes real estate repossessed and held by banks ... South Florida Real Estate. (South Florida Business Journal, FL)

    Estefans take minority ownership stake in Dolphins  Jun 27, 2009
    "Surveys reflect the power of the Hispanic population of the United States," said Ross, a New York real estate billionaire. "To have them as owners, it's timely, it's right and it's good for this community.". (WSVN-TV Miami, FL)

    National City Mortgage faces possible cuts  Jun 27, 2009
    for free extra services. Subscribe to Dayton Business Journal. (Dayton Business Journal, OH)

    FDIC issues cease and desist against Premier American  Jun 27, 2009
    Bichara said the bank is developing a new strategic plan and focusing its efforts on reducing its concentration of credit in real estate ... South Florida Real Estate. (South Florida Business Journal, FL)

    Obama names DHS management honcho  Jun 26, 2009
    Borras was regional administrator for the General Services Administrations Mid-Atlantic Region, where he led real estate services, supply and procurement, and information technology services to federal agencies, from 1997 to 2000. Borras also was deputy assistant secretary for the Commerce Department from 1994 to 1997. (FCW.com)

    Edens & Avant Names Will Ponder Vice President, Investments  Jun 25, 2009
    With 140 shopping centers in 14 East Coast states, Edens & Avant is one of the leading retail real estate companies in the nation ... For additional information about the Company and its retail real estate portfolio, please visit. (PR Newswire)

    LexisNexis employees to support nonprofits  Jun 25, 2009
    LexisNexis employees to support area nonprofits Thursday - Dayton Business Journal. for free extra services. (Dayton Business Journal, OH)

    Estefans owners  Jun 24, 2009
    Ross, a New York real estate billionaire, completed his purchase of the Dolphins in January from Wayne Huizenga. The Dolphins confirmed only that the Estefans and Ross will make a "major announcement" Thursday on behalf of the Dolphins. (Atlanta Journal-Constitution)

    Get Online Quotes Offers "Miami Dade Blue", A Blue Cross Blue Shield Plan As Part of Their Florida Health Insurance Offerings  Jun 23, 2009
    Search for free and updated real estate listings in Dade County, FL.. Featured. (Yahoo News -- Press Releases)

    Beaver St. neighborhood among most dangerous  Jun 23, 2009
    Jacksonville Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Jacksonville Business Journal, FL)

    Guns from America fuel Jamaica's gang wars (AP)  Jun 22, 2009
    Jason is a local Galveston real estate agent who can help you with buying or selling your home. He specializes in Beachfront and waterfront homes. (Yahoo News -- Press Releases)

    Football a family passion for Shepherds  Jun 21, 2009
    In addition to his jobs in real estate and as the offensive coordinator at Gwynn Park, he serves as his son's recruiting adviser. Times have changed since Leslie was in high school and the varsity players would attend the odd camp here or there. (Boston College Sports -- Rivals.com)

    Virginia Key redevelopment plan rejected  Jun 20, 2009
    Virginia Key plan sent back to drawing board - South Florida Business Journal. for free extra services. (South Florida Business Journal, FL)

    Ex-NFL QB Kosar files for bankruptcy in Miami  Jun 20, 2009
    He owes a bank more than $9 million for bad real estate deals. The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business. (ESPN -- Football News)

    McClatchy Announces Amendment to Private Exchange Offer  Jun 19, 2009
    3% of HomeFinder, LLC which operates the real estate website HomeFinder. com. (PR Newswire)

    Springville hosts commercial open house  Jun 19, 2009
    Gary Eppolitio, Town of Concord supervisor and CIDA chairman said he would be on hand for commercial buyers or real estate agents and get them connected with the CIDA so the organization can evaluate whether or not they re eligible for certain programs offering property or sales tax breaks ... Stay up to date on the latest news from within the commercial real estate industry. (Buffalo Business First, NY)

    Atlanta among worst for road rage  Jun 17, 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. (Atlanta Business Chronicle, GA)

    'Desi' Lanio is the man behind The 401 Tavern in Hampton  Jun 16, 2009
    CLOUDY Tuesday June 16, 2009. Desi' Lanio is the man behind The 401 Tavern in Hampton. (Seacoast New Hampshire)

    Artech condo makes $7.5M bulk deal  Jun 16, 2009
    5 million a price that many real estate experts said was high ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    As the Globe Turns  Jun 16, 2009
    The only reason the figure was that high, it's thought, was that the deal included prime real estate the Union-Tribune ownednot because the paper itself was worth it ... And the value of that paper's real estate ... The Globe's real estate. (Slate)

    Boston Globe's bidders may join forces  Jun 16, 2009
    Some bidders who might emerge could look to acquire the Globe for its real estate assets, according to people involved in the bidding. Still others might form teams that split the company into parts: real estate, newspaper, and online. (Boston Globe)

    Miami title company owners sentenced in fraud case  Jun 6, 2009
    From early 2005 through late 2007, the defendants participated in some or all of more than 30 real estate transactions in Miami-Dade County, with funded loans totaling almost $13 million ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Foreclosed homes become hurricane shelters  Jun 5, 2009
    "It makes all the sense in the world," said Jack McCabe, a South Florida real estate analyst, who has watched tens of thousands of homes go into foreclosure. "We have a lot of vacant units available.". (San Francisco Chronicle -- Business)

    Honda motorcycle dealer faces foreclosure  Jun 5, 2009
    South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Florida officials consider using foreclosed homes for emergency housing  Jun 4, 2009
    "This option didn't exist two or three years ago before the real estate market crashed," said Ruben Almaguer, interim director of Florida's emergency management division. "We can't not look at something staring us directly in the face. It's a solution to a potential problem.". (Herald Online, SC -- Lifestyles)

    Foreclosures add to hurricane hazards  Jun 3, 2009
    Or it could be a real estate agent, a homeowners' association or even resourceful neighbors who clear debris from yards and board windows ... And a region full of destroyed or heavily damaged homes would depress real estate values even further ... Debora Blume, a spokeswoman for Wells Fargo Bank, said her company hires local real estate agents who have been assigned to market bank-owned properties to secure homes against hurricane damage. (San Francisco Chronicle -- Business)

    Ryder donates $1M to Red Cross  Jun 2, 2009
    for free extra services. Subscribe to South Florida Business Journal. (South Florida Business Journal, FL)

    All work and no pay  May 29, 2009
    He moved to Melbourne, where he owned a home built in 1956, and started a new career in real estate. "It was about the time the word 'bubble' was being pronounced," he said. (Florida Today)

    Navy questions plans at former South Weymouth Naval Air Station  May 29, 2009
    In response to the Navy's criticism, Tri-Town Development Corp. blamed the delays on its private-sector development partner, , a Miami real estate firm known for building large housing communities across the country ... Patrick spokeswoman Cyndi Roy said the administration must recalculate the amount that can be borrowed because of the declining real estate market, which will make it more difficult to generate income to pay off the bonds. (Boston Globe)

    Florida, national home sales rise  May 28, 2009
    Buyer traffic has been rising and real estate offices are getting phone inquiries about the tax credit, NAR Chief Economist Lawrence Yun said in a news release ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Has Real Estate Market Finally Hit Bottom?  May 28, 2009
    Has the Real Estate Market Finally Found a Bottom ... Has the Real Estate Market Finally Found a Bottom ... "I think the national numbers are showing that we may be seeing a bottom," said Thomas Lawler, a real estate economist with Lawler Economic and Housing Consulting. (ABC News)

    Renters help Miami condo market and businesses  May 26, 2009
    The programs don t come without problems, but local real estate interests are hoping they are the leading edge of a recovery in urban cores ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Home sellers' option: trading spaces  May 26, 2009
    "I definitely know it's a growing market, and certainly there are opportunities," said Paul Habibi, real estate professor at the UCLA Anderson School of Management ... Real estate agents use the method, too. (Albany Times Union)

    BankUnited's Failure: Financial Woes Spread to Smaller Banks  May 23, 2009
    The Chicago regional bank has made just over $4 billion in commercial real estate loans ... As the larger banks did, regional banks made hundreds of billions of dollars in real estate loans ... RBC Capital Markets analyst Gerard Cassidy says the U.S. banking system at the end of 2006 was more exposed to commercial real estate than at any other time that regulators have measured. (Time.com)

    Homeowners go online to swap houses  May 23, 2009
    "I definitely know it's a growing market and certainly there are opportunities," said Paul Habibi, real estate professor at the UCLA Anderson School of Management ... That's why Megan Seitz, a Detroit real estate agent, launched mkhomeswap ... But real estate agents use the method too. (MSNBC -- Business)

    Shareholders angry at Miami firms bid for West Palm Beach bank  May 22, 2009
    Ezra Katz, CEO of Coconut Grove-based , which specializes in real estate and merchant banking, leads the investment group that provided the capital ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Banks on the brink  May 22, 2009
    Dorway blamed the real estate bust, which has hit especially hard in Florida. In the most dramatic downgrade, BankUnited's safety rating fell to zero, BauerFinancial's lowest rating. (The Palm Beach Post)

    Munson: Unraveling of Vick »  May 20, 2009
    Why, for example, did he refuse an offer to join Brooks in the real estate investments ... "Michael is gullible, and he can be stupid," says Michael Smith, a highly respected financial planner who worked with Vick for nearly two years and is helping Brooks with his real estate ventures ... Both Smith and Brooks, who played in the NFL for seven seasons (six with New Orleans and one with Oakland), blame Harris and Woodward for Vick's failure to join them in what is becoming a highly lucrative pair... (ESPN -- Football News)

    - Viewpoint: The celibacy debates 0  May 18, 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)

    Flagler leaders weigh $2.5 million land buy  May 18, 2009
    Other commissioners also questioned whether the price was as low as it should be, given the depressed real estate market. County Administrator Craig Coffey said the property owner wasn't willing to divide the land. (Daytona Beach News Journal)

    Expect to pay here  May 18, 2009
    Bring cash: Americas most overpriced cities - Real estate- msnbc ... Vexed by gang wars and rising real estate prices, late rapper Tupac Shakur mused in 1996 that the overall cost of living in Los Angeles was so high he would almost rather live life in the pen(itentiary) ... " More on this storyIndeed, though the median home price in the Los Angeles metro area has dipped from $525,000 to $319,000 over the last two years, Angelinos still face one of the least affordable housing markets in... (MSNBC -- Business)

    Celibacy questions haunt scandalized priest  May 17, 2009
    Over lunch at a busy Cuban restaurant in Miami, 42-year-old real estate agent Isabel Montenegro said she was impressed with how Cutie has handled his issue. Celibacy is a rule created by church officials, not God, said Montenegro, a Catholic who described herself as religious but someone who does not go to church as much as she would like. (USA Today)

    Badly mixed supplement blamed in polo horse deaths  May 16, 2009
    This is the time to buy real estate. Invest in a country life-style. (Yahoo News -- Pharmaceutical Industry News)

    Tibor Hollo to buy 1101 Brickell Ave.  May 15, 2009
    The three prime acres on Brickell Avenue that Leviev Boymelgreen paid $70 million in 2005 now appear to be in the grips of Miami real estate developer Tibor Hollo ... Jeremy Larkin, president of NAI Miami Commercial Real Estate Services Worldwide, said his company was hired about three weeks ago to lease the office space ... But, real estate experts say Hollo is likely to hold the 1101 Brickell site until the market rebounds and existing projects already out of the ground are absorbed. (South Florida Business Journal, FL)

    Government faces big losses in housing market  May 15, 2009
    In many ways, the government's situation parallels what thousands of other homeowners are confronting: The houses it owns are harder to sell, they typically sit empty longer, and in many cases, their values cratered as the real estate market collapsed ... And they note that the government has faced such challenges before, particularly in the late 1980s, when another real estate downturn prompted a spike in foreclosures ... real estate agent Mike Shannon. (USA Today -- Money)

    Foreclosures Were Still Rising In April  May 14, 2009
    Real Estate Headlines. Gray Television, Inc. - Copyright 2002-2009 - Designed by Gray Interactive Media - Powered by Clickability. (KWTX.com, TX)

    Executive Indicted on 2 Counts in Stanford Fraud Case  May 14, 2009
    In its lawsuit filed in February, the SEC said Stanford's Antigua-based bank advertised its CDs in a brochure touting an investment philosophy "anchored in time-proven conservative criteria." But rather than maintaining diversified investments, the Stanford bank's portfolio was "misappropriated by Defendant Allen Stanford and used by him to acquire private equity investments and real estate." ... 2 billion of this portfolio's purported value consisted of investments in artificially valued real... (Law.com)

    Bank finds investors  May 14, 2009
    The investment group that provided the capital is led by Ezra Katz, CEO of Coconut Grove-based , which specializes in real estate and merchant banking ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Top 10 Most Overpriced Cities  May 13, 2009
    Vexed by gang wars and rising real estate prices, late rapper Tupac Shakur mused in 1996 that the overall cost of living in Los Angeles was so high he would almost rather "live life in the pen[itentiary].". The Los Angeles metro area tops Forbes magazine's list of America's Most Overpriced Cities. (ABC News -- Business)

    Man convicted in NY of trying to start terror camp  May 13, 2009
    Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)

    April foreclosures rise 32 percent  May 13, 2009
    The Republican-American. Wednesday, May 13, 2009 3:12 AM EDT. (Republican-American)

    Condos at risk during storm season  May 12, 2009
    While Buckley Towers' myriad of legal and repair issues may be extreme, lawyers and real estate experts in Florida say that hundreds, if not thousands, of condos in the Sunshine State are just one hurricane away from the same situation especially since the foreclosure crisis has hit the area hard. The Atlantic tropical storm season begins June 1. (USA Today -- Weather)

    Woman in romantic scandal with popular Miami priest identified  May 9, 2009
    She also applied for a license with the Florida Department of Business and Professional regulation to be a real estate broker. State business records indicate that Canellis was also licensed as a ''body wrapper'' and facial specialist. (The Palm Beach Post)

    Jimmy Buffett deal nets Fins new stadium name  May 9, 2009
    Ross, a New York real estate billionaire, completed his purchase of the Dolphins in January. Seeking ways to improve the fan experience, he approached Buffett, who is closely identified with the Florida Keys and has been a Dolphins fans since at least 1984, their most recent Super Bowl season. (SportsIllustrated.CNN -- NFL)

    Gwinnett pays high price for property  May 6, 2009
    District 3 Commissioner Mike Beaudreau, who represents the area, objected to the purchase, saying the county appraisers office puts the value of the property at $33,104 per acre, based on a study prepared for the county last year by Singleton Real Estate. An appraisal commissioned by Falcon in February, however, put the value at just more than $72,000 per acre. (Atlanta Journal-Constitution)

    Pulte, Centex narrow quarterly losses  May 6, 2009
    By ALEX VEIGA / AP Real Estate Writer ... AP Real Estate Writer Adrian Sainz in Miami contributed to this report. (Anchorage Daily News)

    Property valuations should remain stable  May 6, 2009
    Most property owners will see their 2009 tax valuations remain stable as the effects of a slowing national economy have begun to make some inroads into the local real estate market, according to Grimes County Appraisal District Chief Appraiser ... The local real estate market has not experienced the dramatic downturn that has occurred nationwide, according to a recent market study conducted by the appraisal district. (Navasota Examiner, TX)

    Meruelo's claims denied, foreclosure set  May 6, 2009
    Dorta disagrees with the judge s conclusion that Meruelo should have done more due diligence because he s a sophisticated real estate investor ... According to the judge, if buyer is in the real estate business, then the seller can stay quiet and not say anything about hidden defects, Dorta said ... South Florida Real Estate. (South Florida Business Journal, FL)

    Drowning in debt  May 6, 2009
    9 percent) of all Americans under water on their mortgages in the first quarter of this year, according to a newly released report from Zillow, an online real estate information company ... Deerfield Beach-based real estate analyst Jack McCabe predicts prices will continue to drop an additional 10 percent to 15 percent, on average, in South Florida, with more homeowners becoming upside-down ... South Florida Real Estate. (South Florida Business Journal, FL)

    Former GE CEO: Economic bottom is near  May 6, 2009
    Real estate is, without question, a chance for prosperity. I was in Las Vegas and met a make-up woman. (Atlanta Journal-Constitution -- Business)

    Equitable building auction delayed a month  May 5, 2009
    8 million in May 2007 at the height of the commercial real estate boom. But the owners, Equastone 100 Peachtree LLC, had trouble leasing the building and could not meet its debt obligations. (Atlanta Journal-Constitution)

    Filene's Basement files for Chapter 11  May 5, 2009
    New York-based Crown, a real estate and asset management company, plans to continue running the 17 stores under the Filene's Basement name. Buxbaum Group, a California-based liquidator, acquired Filene's last month through an affiliate company, FB II Acquisition Corp. The sale came after the previous owner, Retail Ventures Inc., said the chain was experiencing "significant liquidity problems.". (Atlanta Journal-Constitution)

    South Florida home construction at a standstill  May 5, 2009
    The number of new homes being built in South Florida has all but come to a standstill, while the number of new condos under construction is up, according to a report released Monday by Metrostudy, a real estate information and consulting firm ... South Florida Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (South Florida Business Journal, FL)

    Condo Trends: Miami Market Revisited and Growing  May 4, 2009
    Real Estate News and Advice ... Mr. Carr has covered real estate since 1989 ... Got a personal real estate issue. (RealtyTimes)

    Forest Park Welcomes New Retailers  May 3, 2009
    With 140 shopping centers in 14 East Coast states, Edens & Avant is one of the leading retail real estate companies in the nation ... For additional information about the Company and its retail real estate portfolio, please visit. (PR Newswire)

    Vineyard wedding bells for Chelsea Clinton?  May 2, 2009
    Star of screen and real estate We're hoping Diane Keaton gives us some real estate tips when she speaks at the Simmons School of Management leadership conference today. The Oscar-winning "Annie Hall" star has become known around Los Angeles as a real estate maven who buys big-ticket homes, renovates them into masterpieces, and sells them for major money. (Boston Globe)

    Dayton CEOs earn more green  May 2, 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. (Dayton Business Journal, OH)

    Miami Heads to Pacific Northwest for Opening Day Regatta  May 2, 2009
    In 1987, the race's sponsorship by Windermere Real Estate, Inc. started the Windermere Cup Regatta. Since 1987, teams from China, Australia, Russia, South Africa, and the Czech Republic, among others, have come to race against the men's and women's rowing teams from the University of Washington on the Montlake Cut. (Hurricanesports.com)

    Jimmy Buffett accepts business role with Dolphins  May 2, 2009
    Ross, a New York real estate tycoon, said after buying the Dolphins in January he wanted to rebrand the franchise. (Copyright 2009 by The Associated Press. (WSVN-TV Miami, FL)

    Dramatic series hits Game 7 for Celts, Bulls  May 2, 2009
    LGT.RAIN Saturday May 2, 2009. Today's most viewed articles. (Seacoast New Hampshire)

    Expo hall is facing foreclosure  May 1, 2009
    a Boston real estate company, faces a forced auction on Bayside May 28 unless it can reach a deal with its lenders, LNR Massachusetts Partners, a division of , a Miami Beach development company. An attorney for Corcoran Jennison said the firm was caught off guard by the foreclosure announcement, which was published in a legal notice in The Boston Globe yesterday. (Boston Globe)

    Room & Board to open first Atlanta store  May 1, 2009
    Linville said the retail real estate market with prices much lower than before also nudged Room into its new space. The chain is also planning new stores in places like Washington, D.C., Boston, Seattle, Miami and Dallas. (Atlanta Journal-Constitution)

    * Chen Chih-chung lawyer rebuts report  Apr 30, 2009
    Chen Chih-chungs (P) lawyer yesterday rebutted a report that the former presidents son had purchased real estate in the US to launder money ... The report said Chen Chih-chung and his wife Huang Jui--ching () had wired US$2 million to a paper company in the US last June, purchased real estate through the company and then attempted to sell the property to launder the money. (Taipei Times, Taiwan -- Taiwan)

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