Empty buildings under guard Jun 25, 2009
Premiums and deductibles are higher and policies more restrictive because of greater susceptibility to damage, said David Cohen, senior director of real estate for California-based Fireman s Fund Insurance Co. On an unoccupied building, you may see a surcharge of 20 to 25 percent ... And while vacant property is not as valuable to owners as buildings with rent-paying tenants, the cost to rebuild or replace has not necessarily decreased, said Tim Ehrhart, real estate segment manager of the Chubb... (Atlanta Journal-Constitution -- Business)
Bill aims to aid auto franchises Jun 25, 2009
The closings will spell the loss of jobs and depress commercial real estate values in Mercer and elsewhere across the country, Siekerka added. "Consumers will need to drive greater distances for service and, inevitably, pay higher prices due to less competition," she wrote. (NJ.com -- Times)
Are REITs a Key to Real Estate Recovery? Jun 24, 2009
REALTOR Magazine-Daily News-Are REITs a Key to Real Estate Recovery. REALTOR Magazine Online: The real estate professional's business support tool ... If you want to bet on the real estate recovery without finding financing and taking possession of property, then consider buying real estate investment trusts. (Realtor Magazine Online)
Where are the new green jobs? Jun 24, 2009
Where are the renewable energy jobs. Where are the renewable energy jobs. (AZCentral -- Business)
New Filene's Basement owner wants downtown Boston site Jun 23, 2009
The New Jersey merchant, in a joint venture with , beat out Men s Wearhouse and New York real estate firm Crown Acquisitions. Vornado Realty Trust, which owns the Downtown Crossing site where the shuttered Filene s Basement is located, paid about $16. (Boston Globe)
Easy for suspected terrorists to buy guns in the US, report says Jun 23, 2009
One senator calls this the 'terror gap' and vows to plug it, but gun owners fear the government might use the FBI's terror list to crack down on law-abiding citizens. from the June 22, 2009 edition. (Christian Science Monitor)
Fannie Mae Changes Job-Transfer Rules Jun 20, 2009
REALTOR Magazine Online: The real estate professional's business support tool. . (Realtor Magazine Online)
Bills WR Owens house-hunting search is back on Jun 19, 2009
com site that his search for a home was over, Owens changed course Wednesday afternoon after his real estate agent, Maureen Flavin, spoke to numerous media outlets, including The Associated Press. Tweeting in all capital letters, Owens accused Flavin of being unprofessional, while noting that he will not be renting the place in question. (Muscatine Journal, IO)
Foreign Investors Bullish on U.S. Real Estate Jun 19, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Survey respondents were optimistic about the prospects for good returns, with more than two-thirds planning to invest in U.S. real estate before the end of the year ... About 31 percent said they were more hopeful now about the health of the U.S. real estate market than they were in January, 16 percent said they were more pessimistic, and 53 percent said their opinion had stayed the same. (Realtor Magazine Online)
Report: Developer duped 19 NHL players out of $25M Jun 19, 2009
Instead, according to the players, Jowdy squandered the money on "lavish parties" to impress the likes of Clemens, Jackson and banned hits king Pete Rose, among others, who Jowdy hoped would eventually buy real estate in the planned resorts. The lawsuit seeks the return of the $25 million they invested and $15 million in damages. (San Francisco Chronicle -- Sports)
The Secret to Selling a House Jun 19, 2009
"It's a very large house to accommodate a family," said real estate agent Rustina Gibson. "It's a great neighborhood.". (ABC News -- Business)
NFL: T.O. rips real estate agent, says house search on Jun 18, 2009
T.O. rips real estate agent, says search still on - NFL- nbcsports ... T.O. rips real estate agent, says search still on ... com site that his search for a home was over, Owens changed course Wednesday afternoon after his real estate agent, Maureen Flavin, spoke to numerous media outlets, including The Associated Press. (MSNBC -- Sports)
Condo Developers Seek Out FHA Approval Jun 18, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... As hard as it is to sell condos now, the situation could still get worse, says real estate research firm Reis Inc. More than 93,000 new units are scheduled for completion this year, a 28 percent increase over last year ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Owens' house search is still on despite report Jun 18, 2009
com site that his search for a home was over, Owens changed course Wednesday afternoon after his real estate agent, Maureen Flavin, spoke to numerous media outlets, including The Associated Press. Owens. (ESPN -- Football News)
Playing through stormy economics Jun 18, 2009
USGA says it is weathering economic storm. USGA says it is weathering economic storm. (AZCentral -- Business)
USGA says it is weathering economic storm Jun 18, 2009
by Frank Eltman - Jun. 17, 2009 06:07 PM Associated Press. (AZCentral -- Business)
Can Buying Cheap Foreclosures Make You Rich? Jun 18, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... In these states, helping long-distance investors find and close on properties and close has become a burgeoning real estate specialty ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
'Real Housewives of New Jersey': Wildest housewarming party ever Jun 17, 2009
SUNNY Wednesday June 17, 2009. Real Housewives of New Jersey': Wildest housewarming party ever. (Seacoast New Hampshire)
New York Home Prices Forecast to Drop 40% Jun 17, 2009
That's the forecast of an extensive new report on residential real estate by Deutsche Bank, which calls for home prices in metropolitan New York City (which includes Westchester, northern New Jersey and other nearby areas) to fall 40. 6% from the prices that prevailed in March. (Time.com)
Analysts Mixed on Housing Recovery Jun 17, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... John Burns, a real estate consultant who advises major home builders, expects that the median home price will fall another 5 percent to 6 percent before leveling off ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Bright Light Design buys Md. lighting co. Jun 17, 2009
Pittsburgh Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Pittsburgh Business Times, PA)
Smart Ideas for Better Social Networking Jun 17, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... These were among the questions that some 150 real estate pros chewed over Monday during the daylong , the latest "user-generated conference" dedicated to innovative real estate business practices and strategies ... Hosted at the National Association of REALTORS headquarters in Chicago, the confab offered smart ideas about how to incorporate social networking tools into your business by real estate pros who use... (Realtor Magazine Online)
Syms wins battle for the Basement Jun 16, 2009
Syms made the cash offer in a joint venture with , the New York real estate firm that owns the downtown Boston property where the Basement had operated ... The Texas discount retailer Men's Wearhouse, in a joint bid with the New York retail real estate firm Crown Acquisitions, had in its most recent proposal offered nearly $65 million for about 20 stores ... Over the past five years, new owners tried to turn around the brand with more upscale merchandise, fancier stores, and prime real estate,... (Boston Globe)
Clean the Ways of Messy Neighbors Jun 16, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... While it may work best if your client does the talking, having a real estate professional nearby can ease the situation ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Commercial Real Estate Sees Signs of Rebound Jun 16, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Richard Ziman, manager of a $630 million real estate investment fund, says waiting may be a good idea ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Vermont Pure posts lower 2Q income Jun 16, 2009
The Republican-American. Monday, June 15, 2009 11:08 PM EDT. (Republican-American)
MW loses Filene's Basement bid Jun 16, 2009
Reuters on Monday reported that New Jersey retail store chain (NASDAQ: SYMS) and New York real estate investment trust (NYSE: VNO) made the winning bid of $62 ... The bidding process at the end of the day on June 12 was led by Men s Wearhouse, working together with one-time rival Crown Acquisitions, a retail real estate investment firm that had orginally Men s Wearhouse s win during the first auction ... Stay up to date on the latest news from within the commercial real estate industry. (Houston Business Journal, TX)
South Dakota rancher rakes in lotto win Jun 6, 2009
SD lottery winner 'will not squander' $232M prize. By CHET BROKAW Associated Press Writer. (Atlanta Journal-Constitution)
Housing Crisis Tarnishes Golden Years Jun 6, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... The Center for Economic and Policy Research estimates that median equity in all real estate among home owners between 55 years and 64 years has fallen 49 percent compared to 2004 ... Among home owners ages 65 to 74, median equity in all real estate fell 27 percent during the same time period. (Realtor Magazine Online)
Life in Lake Las Vegas Dries Up Jun 6, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... One real estate professional and resident, who refused to be named, describes her new customers this way: "It used to be a Lexus or a Mercedes. Now we're down to new pickup trucks." ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Life Time Fitness opening in Collierville June 13 Jun 6, 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. (Memphis Business Journal, TN)
NAR: Retain Public Link to Secondary Market Jun 5, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Fannie Mae and Freddie Mac help ensure that home buyers have access to fair and affordable mortgages, which in turn stimulates real estate transactions and supports the larger economy ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Component Changes Made to Dow Jones Select Dividend Indexes Jun 5, 2009
In the Dow Jones Global Select Dividend Index, the following four components will be removed: Kungsleden AB (Sweden, Real Estate, KLED.SK), Singapore Airlines Ltd. (Singapore, Travel & Leisure, C6L.SG), SBM Offshore N.V. (Netherlands, Oil & Gas, SMBO.AE) and BB&T Corp. (United States, Banks, BBT) ... In the Dow Jones EPAC Select Dividend Index, the following four components will be removed: Elders Ltd. (Australia, Food & Beverage, ELD.AU), Kungsleden AB (Sweden, Real Estate, KLED.SK), Singapore... (Primezone Releases)
CEO of GMAC Real Estate Steps Down Jun 4, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Brookfield RPS is the holding company of Royal LePage, Canada s largest real estate company ... The acquisition of GMAC Real Estate firmly established the Toronto-based company as a major real estate player in North America. (Realtor Magazine Online)
Buyers: Bring on the Open Houses Jun 4, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... 53 percent use information provided to them by real estate professionals ... We used to see home buyers walk into open houses with a newspaper in their hands, says Aman Daro, vice president of Integrated Marketing at McGuire Real Estate in San Francisco. (Realtor Magazine Online)
Practitioners Shift to Internet Advertising Jun 3, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... For instance, Realogy Corp., parent company of Century 21, Coldwell Banker, Sotheby's International, and Better Homes and Gardens Real Estate, spent 31 ... Christina Lowris, executive vice president of marketing and advertising at the Corcoran Group, says, "It is very antiquated to think that people are opening up the Sunday paper and looking for real estate. It just doesn't happen anymore. Big winners include... (Realtor Magazine Online)
Lennar Seeks to Regain Bankrupt Development Jun 2, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Lennar, a former co-owner of the project, sold most of its 50-percent share at the peak of the real estate market for $660 million ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Do Loan Brokerages Need a New Business Model? Jun 2, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Fannie Mae and Freddie Mac's Home Valuation Code of Conduct, possible reform of the Real Estate Settlement Procedures Act, a move to prohibit yield-spread premiums, and a decrease in available warehouse credit all pose challenges; but experts say brokers able to arrange FHA and VA loans will survive ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and... (Realtor Magazine Online)
NJ congressman targets online ticket selling Jun 2, 2009
1, 2009 03:30 PM Associated Press. NEWARK, N.J. - A New Jersey congressman is proposing legislation that targets online ticket sellers after recent controversies involving Bruce Springsteen concerts prompted action by the state's attorney general. (AZCentral -- Business)
Greyfields Investors LLC Announced That It Has Begun the Process of Certifying I-95 Princeton Corporate Center Under the U.S. Green Building Council's Leadership in Energy and Environmental Design ('LEED') Green Building Rating System Jun 2, 2009
In considering a green retrofit as a way to enhance value, Greyfields Investors teamed with Class Green Capital Partners LLC, a New York real estate investment firm that applies sustainability as a core component of its investment approach, to identify and prioritize various sustainability goals ... Greyfields is a real estate private equity company that invests in, restructures and redevelops inefficient real estate assets for its own account and in partnership and collaboration with others ...... (PR Newswire)
Baseball: Porstmouth's Anderson makes Can-Am roster Jun 1, 2009
SUNNY Monday June 1, 2009. Today's most viewed articles. (Seacoast New Hampshire)
Cuba and US inch closer Jun 1, 2009
The two countries agree to talk about immigration policy. It is the second significant overture Obama has made to Cuba in two months. (Christian Science Monitor)
No Credit Means Businesses Face Default May 30, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Unlike residential real estate loans, commercial real estate loans don t usually require repayment of the principal loan balance and the repayment period is much shorter ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Wilshire Bancorp Declares $0.05 Cash Dividend May 29, 2009
Wilshire State Bank is a community bank with a focus on commercial real estate lending and general commercial banking, with its primary market encompassing the multi-ethnic populations of the Los Angeles Metropolitan area. Wilshire Bancorp's strategic goals include increasing shareholder and franchise value by continuing to grow its multi-ethnic banking business and expanding its geographic reach to other similar markets with strong levels of small business activity. (Primezone Releases)
Three Factors Influence Choice of Practitioners May 29, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... They tend to seek out "word-of-mouth" referrals from friends who either are real estate professionals themselves or who have had a positive experience with a particular associate ... Researchers determined that consumers expect comfort, honesty, establishment, or length of time in business, experience, and knowledge from the real estate professionals they select. (Realtor Magazine Online)
Want the Perfect Professional Profile? Buy It May 28, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Buy It Writing eloquent real estate ads is an art and one of the best wordsmiths in the business is Valerie Haboush, a New Yorker whose clients include some of the most successful real estate brokerages in the world: the Corcoran Group, Prudential Douglas Elliman, Sotheby s International Realty, Warburg Realty, Brown Harris Stevens and Halstead Property ... These days Haboush is focusing on profiles of real estate... (Realtor Magazine Online)
Men's Wearhouse, Syms expected to bid for Filene's Basement May 27, 2009
"There would be no benefit to buying it without the name and the 100-year history. The real estate is good - particularly in the Back Bay and Manhattan - but it's not that good to get rid of the Basement.". One former Basement official briefed on the talks said Syms, the New Jersey off-price merchant, is considering partnering with the New York real estate firm to help fund the acquisition and potentially take back the cheap, long-term lease for the Basement's flagship store in Downtown Crossing... (Boston Globe)
Uncertainties Abound Amid Uncharted Legal Territory Related To Eco-Friendly Construction Projects May 27, 2009
Real Estate News and Advice. May 27, 2009. (RealtyTimes)
Experts Say Real Estate Industry Is Thinning May 27, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... "The real estate brokerage industry is not going away, but the combination of efficiency gains via the Internet and the cyclical downturn will both be significant forces to their rapidly shrinking ranks," said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
View Point: Family values of a different kind May 27, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Home Prices in U.S. Probably Decreased at Slower Pace as Housing Steadied May 26, 2009
Falling prices and have made homes more , stemming the slide in sales and preventing the real estate recession from deepening. Even so, rising unemployment and record foreclosures will keep housing from staging an immediate recovery, maintaining pressure on property values. (Bloomberg -- US)
Developers express interest in Roebling site May 26, 2009
"It's an interesting opportunity given the new synergies that are created by the Sovereign Bank Arena, the Roebling Market site and some of the new opportunities that may be coming online at that end of Trenton," said Carlo Caparruva, a director at Fameco Real Estate, which develops and manages shopping centers. The companies and organizations responded to a request for expressions of interest from the Mercer County Improvement Authority, which is trying to create a plan for the site along Route... (NJ.com -- Times)
Homebuyer Tax Credit Loans Still on Track May 25, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns ... Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (Realtor Magazine Online)
Online Resources Cater to Foreclosure Shoppers May 23, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... provides a search engine for bank-owned properties that have been listed with a real estate practitioner, including homes that aren t on the multiple listing service ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Law protects renters from foreclosure evictions May 23, 2009
MORE FROM REAL ESTATE ... Real estate Section Front ... Add Real estate headlines to your news reader. (MSNBC -- Business)
Bankruptcy surgery revives Chrysler May 23, 2009
Some plants and real estate will remain in bankruptcy, possibly for years, to settle outstanding claims. The agreement between the buyers and sellers will likely be signed as soon as the judge issues his decision, which could be within one day of the hearings end, according to one source with direct knowledge of the situation. (The Star Online, Malaysia -- Business)
Investors Bancorp to Acquire $250 Million in Deposits and 6 Banco Popular Branches in New Jersey May 22, 2009
Forward looking statements are subject to numerous risks, as described in our SEC filings, and uncertainties, including, but not limited to, those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing... (PR Newswire)
Foreclosed Condos: Attractive Price Not Enough May 22, 2009
REALTOR Magazine Online: The real estate professional's business support tool. . (Realtor Magazine Online)
Politicians Step in to Keep Ground Zero Work Going May 21, 2009
Silverstein, unable to find private financing for all the towers in a poor real estate market, wants the port to back at least two of them. The Port Authority said more than a month ago that it would back one tower with about $800 million, provided Silverstein invests more money in building the infrastructure his towers will share with a huge transit hub and Sept. 11 memorial. (Newsmax)
Credit Crunch, Economy Hurt Commercial Sector May 21, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... In addition, a forward-looking index shows the forecast for commercial real estate sectors will remain weak for the remainder of the year, according to the NATIONAL ASSOCIATION of REALTORS ... Lawrence Yun, NAR chief economist, said commercial real estate has been hit by a double whammy. (Realtor Magazine Online)
Practitioners Say Homes Prices Have Hit Bottom May 20, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Meanwhile, sellers were skeptical of their real estate professional s analysis, with 69 percent believing their homes were worth more than the practitioner recommended ... About 35 percent of home sellers thought their home was worth 10 percent to 20 percent more, and 10 percent thought their home was worth at least 21 percent more than their real estate professional suggested. (Realtor Magazine Online)
Sam Zell Says Recovery Is in Sight May 20, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... "I can't tell you if it's June 29 or Aug. 1," says Zell, who made billions in commercial real estate by buying up distressed property ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Bank of America Revises Short Sale Policy May 19, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... The government s plan is a boon to banks, says David Sunline, BofA s real estate management executive, because it provides guidance when there are multiple liens, a potentially litigious issue for lenders ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Battle over homeowner insurance heats up May 19, 2009
Jacksonville Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Jacksonville Business Journal, FL)
Trump Billionaire Game Gets Jersey Screening May 19, 2009
Lawyers for Timothy O'Brien, author of "TrumpNation: The Art of Being the Donald," said Trump has no legal leg to push a civil action that the book slandered and damaged the real estate mogul's brand name. Judge Michele M. Fox is set to rule on O'Brien's motions to dismiss within the next two months. (New York Post -- Business)
