AvalonBay results fall along with rents Oct 29, 2009
The Alexandria-based real estate investment trust had fiscal third quarter net income of $58 ... San Jose Real Estate. (San Jose Business Journal, CA)
The Value of Generational Marketing Oct 29, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Given that members of these population segments rely on computers and cell phones, frequent social networking sites, communicate via instant messaging, turn to the Web for news, write blogs, and download music and other media, it will not be enough for real estate agents to wait until they are ready to complete transactions ... Daily and weekly real estate news, trends, NAR press releases, convention coverage,... (Realtor Magazine Online)
State Bancorp, Inc. Declares Cash Dividend of $0.05 and Elects Richard Lashley to Board of Directors Oct 28, 2009
The Bank has built a reputation for providing high-quality personal service to meet the needs of our diverse customer base which includes commercial real estate owners and developers, small to middle market businesses, professional service firms, municipalities and consumers. The Bank maintains a web site at with corporate, investor and branch banking information. (Primezone Releases)
Palin Paid $1.25M For Book 'Retainer' Oct 28, 2009
Real Estate Information. Sponsored Links. (KSBW 8, CA)
Stemming the Wave of Foreclosures Oct 28, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Jeff is more than just a real estate pro, he s like my brother ... "I Wanted to Serve Others" As a real estate salesperson entrenched in the industry, Schrager recognized the seriousness of the impending foreclosure crisis several years before it made such an impact on the industry. (Realtor Magazine Online)
Non-Employee Takes Company Paychecks Oct 28, 2009
Real Estate Information. With banks and lenders facing major troubles, gain some insight on how to sell, refinance or keep your home. (TheSanDiegoChannel.com, CA)
Full-Service Development Oct 28, 2009
Real Estate News and Advice ... While his principal consulting focuses are public speaking and media relations development and content delivery and management, Peter is also the host of the Voice America Network's weekly radio program, "Income Property Investment Talk," a one-hour program that brings the powerhouses of commercial and residential real estate to property investors every Wednesday at 11 a.m. EST. ... Real Estate News Network. (RealtyTimes)
Puffless electronic cigarettes cause a firestorm Oct 27, 2009
by Wendy Koch, - Oct. 26, 2009 07:57 AM USA Today. Electronic cigarettes are opening a new front in the tobacco wars as state and local lawmakers try to restrict the product, which may allow users to circumvent smoking bans. (AZCentral -- Business)
Capmark Financial Declares Bankruptcy Oct 27, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... "We view this reorganization process as an unfortunate but necessary response to recent unprecedented conditions in financial and commercial real estate markets, which presented a significant challenge for Capmark and similarly situated finance companies," Capmark President and CEO Jay Levine said in a statement ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive... (Realtor Magazine Online)
For Mercer freeholder Oct 26, 2009
Consolidating some of those positions, with salaries ranging from $39,000 to $59,000, would send the right signal to a county with the 19th highest real estate tax rate in the country. We believe that the current board of freeholders has served well and wisely, however, and we endorse Ann Cannon, Pasquale "Pat" Colavita and Dan Benson for another term on the board. (NJ.com -- Times)
Yankees’ Damon is Johnny on the spot without a contract Oct 26, 2009
He has four children, real estate investments in Florida, and lives in a sensible New Jersey suburb during the season. What Damon does not have is a contract for next season. (Boston Globe)
Guilford College in quiet phase of big drive Oct 25, 2009
Planned gifts are those that are complex or deferred or involve assets other than cash such as stock or real estate, and major gift are those of $25,000 or more. Staff members, for example, have received planned-giving training at Bank of New York Mellon, which manages the planned-giving portion of the school s investment portfolio. (Triad Business Journal, NC)
Could You Get Trampeled? Oct 23, 2009
Roger Schlesinger : Could You Get Trampeled. Columns, funnies in your inbox. (Townhall.com)
Central Jersey Bancorp Reports Operating Results for Third Quarter of 2009 Oct 23, 2009
The significant increase in the provision for loan losses is due to the credit deterioration of certain commercial and commercial real estate loans as a result of general economic conditions ... The increase in loan balances was due primarily to the origination of commercial real estate loans, consumer home equity loans and lines of credit during the period off set by principal pay downs. (Primezone Releases)
Sussex Bancorp Announces Improved Third Quarter and Nine Month Earnings Oct 23, 2009
SUSSEX BANCORP CONSOLIDATED BALANCE SHEETS (Dollars In Thousands) (Unaudited) ASSETS September 30, September 30, December 31, ------ 2009 2008 2008 ----------------------------------------- Cash and due from banks $13,240 $10,537 $7,602 Federal funds sold 2,038 15,470 13,310 ------------- ------------- ------------- Cash and cash equivalents 15,278 26,007 20,912 Interest bearing time deposits with other banks 100 100 100 Trading securities 3,974 13,519 13,290 Securities available for sale 80,040... (Primezone Releases)
Wall Street Journal: More Foreclosures Oct 23, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... "Anything under $300,000 that is decent within hours has dozens of offers," said Michael Lyon, CEO of Lyon Real Estate in Sacramento ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Fed Calls Housing Upturn a Good Sign Oct 23, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... It calls commercial real estate a consistently weak sector, weighed down by business closures and the difficulty in refinancing ... Industries with the strongest economic gains were residential real estate and manufacturing. (Realtor Magazine Online)
Consumer Agency Nears House Vote Oct 23, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... The current version of the Financial Services Committee's consumer financial protection agency legislation focuses on financial services companies; others in real estate, including real estate professionals, would not be covered under the bill ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Ariz. gas prices rise for 1st time in 6 weeks Oct 23, 2009
gas prices rise for 1st time in 6 weeks. gas prices rise for 1st time in 6 weeks. (AZCentral -- Business)
Hispanic farmers fight to sue USDA Oct 22, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Thinking solar power? It's never been cheaper Oct 22, 2009
Thinking solar power. It's never been cheaper. (AZCentral -- Business)
Seaboard sues Marsh, AIG Oct 22, 2009
Seaboard suit alleges bid-rigging against Marsh, AIG - Wichita Business Journal. for free extra services. (Wichita Business Journal, KS)
3 State AGs threaten to sue FedEx over contractors Oct 21, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Marianne Godfrey, 80, offered hope to cancer survivors Oct 20, 2009
Wherever the family lived, Mrs. Godfrey sold real estate ... "She loved selling real estate and she loved being involved in community affairs," said her son, Randy Godfrey of Johns Creek. (Atlanta Journal-Constitution -- Metro)
Billionaire Wilbur Ross helps in economic recovery Oct 19, 2009
Real solutions for your real estate needs ... "At work, he is an astute buyer of distressed assets, but at his home he's a little bit of a prankster who likes to tell a joke at the table," says real estate mogul Richard LeFrak, who joined Ross in purchasing bad assets from failed bank Corus. (USA Today -- Money)
A Tannersville reunion Oct 19, 2009
Cohen was a real estate agent from then until his retirement only a few years ago. The old friends all said they were happy to have finally gotten together. (Catskill Daily Mail, NY)
New York Development Likely to Default Oct 17, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... The purchasers, real estate investment companies Tishman Speyer and BlackRock Realty, which banked on higher rents than they were able to get after the real estate meltdown, now have only $33 ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Plan Nears on Commercial Loan Mods Oct 16, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... 4 trillion in outstanding commercial real estate debt is now held by banks, with Deutsche Bank AG forecasting that commercial property losses could cost them in the range of $300 billion ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Sylvester epitomizes WBC's 'Entrepreneurial Spirit' Oct 15, 2009
Thursday October 15, 2009. Sylvester epitomizes WBC's 'Entrepreneurial Spirit. (Seacoast New Hampshire)
Real Estate Pros Seek Side Jobs Oct 15, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... The Bureau of Labor Statistics says there were 310,100 employees in real estate offices in August ... Recruiter Deb Barbanel, managing director of real estate in the Americas for Russell Reynolds Associates, says real-estate veterans have an advantage over many job seekers because they have extensive Rolodexes. (Realtor Magazine Online)
NY court hearing challenge to arena land-taking Oct 15, 2009
ALBANY, N.Y. (AP) - Homeowners and businesses resisting the forced sales of their properties for an arena and real estate development in Brooklyn will tell New York's top court that it's unconstitutional for a state agency to order them out. The Court of Appeals is hearing oral arguments Wednesday afternoon over developer Bruce Ratner's proposed $4. (FindLaw News)
N.J.'s Corzine in dead heat with GOP challenger Oct 13, 2009
"Corzine has made a mess of things," Jim Daniels, a real estate investor, said after hearing Christie speak last month in Livingston, a wealthy northern suburb. He plans to vote for Christie. (Florida Today)
Polish Your Real Estate Elevator Speech Oct 13, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... seems like an easy question for a real estate professional to answer, but USA Today business columnist Rhonda Abrams urges practitioners to work on honing their 30-second answer to this important question ... Simply saying, I sell real estate doesn t distinguish you from the thousands of other practitioners out there, Abrams says. (Realtor Magazine Online)
Extend homebuyer tax creditto shore up our communities Oct 11, 2009
The credit is a powerful incentive that significantly spurred the real estate market both here in New Jersey and nationally ... The economy generally, and the real estate market specifically, are showing early signs of recovery, but it is clear that we are not out of the woods yet ... Jarrod C. Grasso, RCE, is the executive vice president of the New Jersey Association of REALTORS , a statewide organization representing about 50,000 real estate professionals and the rights of private property... (NJ.com -- Times)
From cold Zurich to the warm Bahamas Oct 10, 2009
Then, in 1929, in the matter of an Egyptian real estate company registered in London, the House of Lords held that since its governors, accounts et al were in Cairo, it did not have to pay taxes. This opened the door to the classic tax haven strategy - register in a place where there are no taxes and carry out activities elsewhere. (India Times, India -- Intl Business)
Zillow, Trulia See Price Cuts Oct 10, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Meanwhile, a new study from shows U.S. home buyers inching closer to the asking price when they buy real estate ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Single-Family Inventories Improve Oct 9, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... real estate firm reported ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Eugene Robinson: Calling Rangel's actions 'mistakes' not strong enough Oct 9, 2009
What Rangel failed to declare were liquid assets a credit union account worth more than $250,000 and an investment account also worth more than $250,000 plus some real estate he owns in New Jersey and assorted stock holdings. These omissions came to light after Rangel filed amended disclosure forms, so he blew the whistle on himself. (Sacramento Bee -- Opinion)
Tight Credit, Big Payments Still a Concern Oct 9, 2009
REALTOR Magazine Online: The real estate professional's business support tool. . (Realtor Magazine Online)
Idaho latest venue for president election reform Oct 9, 2009
INDEPENDENT-ENTERPRISE. NEWSPAPERS IN EDUCATION. (Ontario Argus Observer, OR)
NAR: Tax Credit Best for Sustaining Recovery Oct 9, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... But problems arising from the implementation of the HVCC may reverse the market s positive momentum at a time when the real estate industry is just starting to show signs of a rebound in many markets, Canfora said ... Both Fannie Mae and Freddie Mac have issued guidance on appraisals, but NAR is calling upon the mortgage giants and the Federal Housing Administration to issue a consolidated guidance that should be... (Realtor Magazine Online)
5th Connecticut hotel for Buffalo Lodging Oct 9, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
Home sellers slash prices by $28.4 billion Oct 9, 2009
4 billion to attract buyers as the real estate recovery stalled, Trulia Inc. said. The average discount was 10 percent as of Oct. 1, the San Francisco-based real estate data provider said yesterday. (Boston Globe)
Corus Sale May Be Model as Funds Target Failed Banks for Distressed Assets Oct 8, 2009
5 billion of s real estate assets shows investors are ready to bet on distressed property -- as long as the U.S. helps finance the deals ... Auctions of nonperforming bank loans are going to comprise the next wave of opportunities for distress-oriented real estate investors ... The government will have to continue offering such low- cost debt to persuade investors to absorb troubled bank loans and real estate, according to , founder of Lone Star Funds, a Dallas-based firm that buys distressed... (Bloomberg)
Harvard Losing Money With External Managers Helps Mendillo Return to Roots Oct 8, 2009
Meyer farmed out money to Jacobsons hedge fund, Highfields Capital Management LP, and Eisensons Charlesbank Capital Partners LLC, which manages private equity and real estate ... The data dont include returns by individual private- equity or real estate managers, whose results often take longer to calculate than firms that focus on publicly traded assets ... Those schools are among dozens across the country that have relied on hard-to-sell assets such as private equity, real estate and... (Bloomberg)
Automated Transaction Systems Gain Users Oct 7, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Not enough transactions to keep real estate offices busy ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Former deputy fire chief honored Oct 7, 2009
His work helped to ensure their safety, from plan review, public education and life safety code enforcement. "LeClaire called Pierce a "gracious" and "patient" teacher when it came to advising the department on the intricacies of fire codes and prevention methods.Pierce was seriously injured in a hit-and-run accident in August 2005 while riding his bicycle in New Jersey while on a 25-day tour to Florida. Following two years of rehabilitation, Pierce, now 60, was diagnosed with amyloidosis -- a... (Seacoast New Hampshire)
Twitter CEO Tweets: "Buy My Loft" Oct 7, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Eric Turner, an associate with McGuire Real Estate, who listed the property, says the 1,792-square-foot apartment is in a former wine warehouse ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Owner of Hingham's Linden Ponds retirement community seeks cash infusion Oct 7, 2009
If the deposits are placed in escrow with a third party, they would be shielded from Erickson s troubles, said Steven Marcus, a Braintree attorney who specializes in real estate. If it s in escrow, then it s pretty well protected. (Hingham Journal, MA)
Craft better ways to protectus capitalists from ourselves Oct 6, 2009
" In order to adequately protect the American people from unstable new financial products and prevent future market crashes, we need to create an effective surveillance system. To accomplish this, we need to have a far more competent government regulatory infrastructure that keeps a close eye on risk-taking activities and has clearly articulated protocol in place to implement if there are signs of irrational excess. I recognize that with increased regulation comes risk, and that overzealous... (NJ.com -- Times)
Texas Hall of Fame Inducts Martha Turner Oct 3, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Turner earned her real estate license and started her business 27 years ago after she retired from teaching elementary school ... Martha Turner Properties is an affiliate of Christie's Great Estates, the real estate arm of Christie's, where Turner is a regular lecturer at annual meetings. (Realtor Magazine Online)
In brief: Ex-alderman joins law firm | Franklin Center | Heitman Oct 3, 2009
Mr. Banks, whose retirement as an alderman became official Aug. 31, will counsel clients on matters including land use, development, real estate and government relations, according to an announcement e-mail from Schain Burney ... An Austin, Texas-based real estate firm paid $12 ... Real estate investment firm Heitman is paying $167. (Crain's Chicago Business)
Distressed Properties: Still More Pain Than Gain? Oct 2, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... J.P. Morgan Chase & Co. has twice as many employees as before handling short sales, while Bank of America Corp. now allows real estate practitioners to submit short-sale documents online ... An experienced real estate practitioner with training in selling foreclosures and short sales can make a big difference, but in the long run, buyers who don t have much cash or aptitude for home repairs should think hard... (Realtor Magazine Online)
When landlords default, renters need to learn their rights Oct 1, 2009
On a separate but related front, Fannie Mae and Freddie Mac are implementing a National Real Estate Owned Rental Policy to allow renters living in foreclosed Fannie and Freddie-backed properties to stay in the home _ at least for a while. Under the new policy, renters who are current on their rent would be offered a month-to-month lease at market rent, said Brad German, spokesman for Freddie Mac. (FOX61, CT)
Lewis Resigns After Betting Bank of America on America When America Broke Oct 1, 2009
The brokerage contributed 24 percent of the companys first-half profit as an improving stock market and soaring demand for debt issues boosted trading and investment-banking revenue, while the retail bank struggled to curb rising defaults on credit cards, consumer loans and commercial real estate. I am gratified that even some of the critics of our acquisition of Merrill Lynch have come to acknowledge how well the deal is working out for our clients, Lewis said in a memo to employees... (Bloomberg -- US)
Credit Crunch Stalls Affordable Housing Oct 1, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... Sandy Marenberg, a real estate practitioner who owns Marenberg Enterprises, has found it particularly frustrating that he s unable to find buyers able to qualify for loans to buy energy-efficient properties selling for about half their cost to build ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Mortgage Applications Decline Oct 1, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... "We're going to see another leg down, and if we lose the tax credit it will be a significant leg down," says John Burns, president of John Burns Real Estate Consulting in Irvine, Calif ... Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns. (Realtor Magazine Online)
Nets back to hoops in shadow of possible sale Sep 30, 2009
Onexim's other interests include real estate, insurance and energy. Center , the second-year player who is a rising star, said the ownership change is something that players can't control. (ESPN -- Basketball)
'Interest-only' mortgages:a time bomb about to go off Sep 30, 2009
An analysis undertaken for The New York Times by First American Core Logic, a real estate information firm, revealed that in the next 12 months, $71 billion of interest-only loans, "which put off the principal payments for five, seven or 10 years," will reset. During the latter half of 2010, another $100 billion will come due and borrowers will have to begin to repay the principal. (NJ.com -- Times)
Retrofitting Old Buildings For Green Savings Sep 30, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... It also can cut down on greenhouse-gas emissions since commercial real estate is responsible for 20 percent of U.S. energy use, environmentalists say ... While these expenditures seem to make sense, few companies have the money to do this kind of work, says Roger Platt, senior vice president and counsel for the Real Estate Roundtable. (Realtor Magazine Online)
Fighting for the Rights of the Disabled Sep 30, 2009
REALTOR Magazine Online: The real estate professional's business support tool ... "Jenna and other adults living with their families would have had to move into a group home. I couldn t let that happen, says Johnson. "She s Brought Us Together" Through The Arc of Minnesota, she filed a class-action lawsuit to stop the cuts. Eventually, some $50 million in funding was reinstated, allowing parents to provide individualized, in-home care for their children. Johnson was also motivated by her... (Realtor Magazine Online)
DavidEpsteinInside Olympic Sports Financial risks loom as the Windy City awaits its Olympic fate. Sep 30, 2009
But an August report by Chicago's independent Civic Federation calmed them by that the Chicago 2016 plan projects aggressive revenues but "provides adequate protection for taxpayers" even though "the development of the Olympic Village exposes the City of Chicago to continuing real estate risks that must be managed." Just how independent the report was, however, quickly became a point of contention for Chicagoans like Tresser, who do not see the Olympics as a justifiable financial risk. L.E.K.... (SportsIllustrated.CNN)
Manufacturing growing at least at EVS Sep 30, 2009
Manufacturing growing at least at EVS - Austin Business Journal. for free extra services. (Austin Business Journal, TX)
Owner: Sale of Nets means new home Sep 26, 2009
9 billion Atlantic Yards Project off the ground with the economy faltering, particularly in the real estate market ... According to the agreement, entities formed by Prokhorov's group will invest $200 million and make funding commitments to acquire 80 percent of the NBA team, 45 percent of the arena project and the right to buy up to 20 percent of the Atlantic Yards Development Co., which will develop the non-arena real estate ... The project on the 22-acre site includes residential and... (MSNBC -- Sports)
New Jersey Nyets? Russian tycoon to purchase NBA team Sep 25, 2009
According to the agreement, entities to be formed by Onexim Group will invest $200 million and make certain funding commitments to acquire 80% of the NBA team, 45% of the arena project and the right to purchase up to 20% of the Atlantic Yards Development Company, which will develop the non-arena real estate ... Onexim's other interests include real estate, insurance and energy. (USA Today -- Money)
