Answer Desk: Housing's long climb back Sep 4, 2009
And the housing slump has sidelined millions more workers in related fields like real estate sales and mortgage lending. Unless that trend can be reversed, its hard to see how the housing industry can lead the economy back out of the recession it created. (MSNBC -- Business)
D.R. Horton, Inc., America's Builder, Adopts a Tax Benefits Preservation Rights Plan Designed to Preserve the Value of Certain Deferred Tax Assets Aug 20, 2009
Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to: the continuing downturn in the homebuilding industry, including further deterioration in industry or broader economic conditions; the downturn in homebuilding and the disruptions in the credit markets, which could limit our ability to access capital and increase our costs of capital; the reduction in availability of mortgage... (Primezone Releases)
Guaranty Financial says still short of capital Aug 18, 2009
-based Colonial BancGroup Inc., a big lender in real estate development. With about $25 billion in assets, it is the largest U.S. bank to fail this year. (KHOU.com, TX)
HomeSpun Thoughts Aug 18, 2009
Yes, you real estate person trying to close on a house. Yes, all of you who insist on carrying on your private telephone conversations while standing in line, eating at a restaurant, walking through the mall and everywhere else in our fair city except the privacy of your own home. (McKinney Courier-Gazette, TX)
Foreclosure rate sets new records Aug 17, 2009
September will be a great month for the Collin County real estate market if you're buying foreclosed homes to put on the auction block. Collin County foreclosure rates for the September home auctions reached record levels, according to data collected by the Foreclosure Listing Service of Fort Worth. (McKinney Courier-Gazette, TX)
Hungry for success Aug 16, 2009
"Darden is constantly doing analysis of its real estate sites," said Muller, who also is the director of the Center for Multi-Unit Restaurant Management. Research shows people get the bug to open restaurants during a recession. (Daytona Beach News Journal -- Business)
Cathy’s Corner — Items for needy stolen at group’s warehouse Aug 14, 2009
If someone really would like to live in a better home, but can t afford the normal real estate prices for new or used homes, he or she can apply for aid through Habitat for Humanity. Now, this organization thoroughly screens its applicants and makes decisions on need, their employment stability and ability to pay for their homes (at reduced cost), and their willingness to provide at least 400 hours of sweat equity to qualify. (Brenham Banner, TX)
Judge fines Microsoft, stops Word sales Aug 13, 2009
for free extra services. Subscribe to The Business Journal. (Triad Business Journal, NC)
Students at Texas A & M University Now Have the Opportunity to Live in a First-of-Its-Kind Student Housing Development in College Station. Aug 13, 2009
Asset Plus Companies is a real estate asset management company specializing in maximizing value and revenue generation for property owners, developers and investors of multi-family, student housing, office, and retail properties. Asset Plus Companies services include property management, real estate asset management, development, acquisitions/dispositions, leasing/marketing, financial analysis, construction supervision, accounting, and REO/Receivership. (PR Newswire)
U.S. bailout panel: toxic assets may need more support Aug 11, 2009
The Congressional Oversight Panel said in its latest monthly report that toxic loans and securities continue to pose a threat to the financial system, particularly for smaller banks that face mounting losses on commercial real estate loans. These banks may need similar stress tests and capital support afforded to larger institutions, the panel added. (Yahoo News -- Press Releases)
Lots selling well at Headquarters Road tract Aug 9, 2009
We talked about it, but here s what we delivered, said Scott Dahlquist, vice president of Weyerhaeuser Real Estate Development Co.. The company has sold about 40 percent of the Skyline Ridge lots since the 400-acre site, formerly commercial timberland, was put up for sale about two years ago. (Longview Daily News, WA)
Storage Consultant Aug 8, 2009
Other Great Industries Real Estate - Property Mgt Retail ... Extra Space Storage Inc. (NYSE: EXR) is a real estate investment trust based in Salt Lake City, Utah with regional offices in California, Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York and Texas. (Florida Today)
Group replaces Baby Grace's cross that was washed away by Ike Aug 7, 2009
GALVESTON -- Five people sped across West Bay in Hal Newsome s airboat Thursday morning to set foot again on a now infamous piece of Galveston real estate. 11 News Video Group replaces Baby Grace's cross that was washed away by Ike August 6, 2009. (KHOU.com, TX)
Vulcan Announces Second Quarter Results Aug 4, 2009
" Second Quarter Operating Results Commentary Second quarter earnings for aggregates declined as the impact of sharply lower shipments more than offset the earnings benefit from improved prices, lower unit costs for diesel fuel and cost control measures. Aggregates shipments declined 31 percent from the prior year due to weak demand and wet weather. The decrease in aggregates volumes reduced second quarter EBITDA by approximately $112 million versus the prior year. The increase in the average... (PR Newswire)
When the Going Gets Tough -- Vacation at The Vineyard Aug 3, 2009
The housing and commercial real estate markets have been slow and credit is still hard to get. That $50,000 a week in rent could help the housing market numbers. (Human Events Online)
Facing Your 401K Fears Jul 31, 2009
-Portfolio was less than 30 percent invested in risky assets, like stocks or real estate -More than 20 years before you needed the money -You were oblivious and/or in denial. Medium Risk -Portfolio had approximately 50 percent in risky assets, like stocks or real estate -10 to 15 years before you needed the money -You knew you should be doing something, but didn't know what to do ... High Risk -Portfolio had more than 70 percent in risky assets, like stocks or real estate -Less than 10 years... (CBS News)
Beacon Federal Bancorp, Inc. Announces Financial Results for the 2nd Quarter of 2009 Jul 31, 2009
The increase in the provision for loan losses resulted from an increase in nonperforming commercial real estate and commercial business loans and an increase in classified assets, as well as overall growth of the loan portfolio ... He further noted, "We provided additional allowance for loan losses as weak economic conditions continue to persist in our commercial and residential real estate lending markets. Our allowance for loan losses now represents 1.76 % of our portfolio, compared to 1.36%... (Primezone Releases)
Still a Bull Market Skeptic Jul 30, 2009
Fourth, we could see another wave of falling stock and real estate prices, otherwise known as asset price deflation. And finally, we have the potential for a dollar crisis. (Human Events Online)
Texas Librarians Show Wild Side In Calendar Jul 30, 2009
Real Estate Information. Sponsored Links. (KSBW 8, CA)
Water district to buy land Jul 30, 2009
The option period of the real estate deal the board approved July 10 ended Saturday, and the district has submitted its formal offer. Bandera County River Authority and Groundwater District Board President Jim Chastain said the one-acre tract in the Wildwood Subdivision was the most suitable location of at least 24 different properties considered by board members. (Bandera Bulletin, TX)
EISD trustees sign contract on 60 acre site Jul 29, 2009
The School Board was assisted by Commercial Texas Real Estate; Graves said the agency has represented many school districts on land purchases. Now the district is required to get a survey and environmental impact study done on the property as well as several other details before closing if public comment allows for the purchase. (Elgin Courier, TX)
Insect is Turning Florida's Oranges Green Jul 29, 2009
Shedding acreage thanks to real estate development and previous bouts with contagion, the is doing all it can to fight the disease, pouring millions of dollars into research that it hopes will develop trees resistant to HLB or decimate the psyllid's ability to reproduce or process tree flesh. A gathering of such researchers convenes today at the National Academies, where scientists from across the country will share their efforts -- many based in -- to stem the greening plague. (Scientific American)
New home sales jump a larger-than-expected 11% in June Jul 28, 2009
HOW'S THE REAL ESTATE MARKET IN YOUR AREA ... "We are finally working through this excess inventory," says Randall Guttery, professor of real estate at the University of North Texas. (USA Today -- Money)
BUSINESS BRIEFS Jul 24, 2009
Edward Lampert, the chairman of Sears Hold ings, won dismissal of a shareholder lawsuit ac cusing him and his com pany of undervaluing real estate assets of Kmart Holding Corp. to suppress the price of Kmart stock. Naked shorts. (New York Post -- Business)
EISD signs land contract Jul 23, 2009
The district had 500,000 set aside in bond money for the purchase of land and spend 492,000 on this 60 acres assisted by Commercial Texas Real Estate. Graves said the agency has represented many ISDs on land purchases. (Elgin Courier, TX)
Universal Health Realty Income Trust Reports 2009 Second Quarter Financial Results Jul 23, 2009
Universal Health Realty Income Trust, a real estate investment trust, invests in healthcare and human service related facilities including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings. We have fifty real estate investments in fifteen states ... Funds from operations is a widely recognized measure of performance for Real Estate Investment Trusts ("REITs"). (PR Newswire)
Rally continues as investors keep focus on profits, economy Jul 22, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Restore the noble purpose of libraries Jul 18, 2009
Focusing so much on their technology actually dumbs them down. By William H. Wisner. (Christian Science Monitor)
Police Look For Leads In Attack On Elderly Central Texas Woman Jul 18, 2009
Lucille Williams, 88, a local real estate agent, was attacked Wednesday in the driveway off her home in the 700 block of Capps Street, police said. Williams suffered head injuries 00000FEA in the attack. (KWTX.com, TX)
Continental CEO Kellner stepping down Jul 17, 2009
He had also been CFO of real estate and construction firm The Koll Co.. Kellner will leave Continental to lead a new Houston-based private investment firm called Emerald Creek Group LLC.. (The Star Online, Malaysia -- Business)
Water board enters real estate negotiations in 6 -3 vote. Jul 16, 2009
Water board enters real estate negotiations in 6 -3 vote ... "I don't think that we should be in the real estate business. We have not seen any other offers...no comparison of options has been presented." ... "This is not outside the boundaries of a reasonable real estate deal," Ripley said. (Bandera Bulletin, TX)
US Financial 15 Split Corp.-Portfolio Update Jul 15, 2009
The CME Group is a grouping of three exchanges which include CME, CBOT, and NYMEX. CME Group allows market participants the opportunity to trade futures and options on a broad range of asset classes including interest rates, commodities, currencies, indices, real estate, weather, metals, economic events and single stocks. Along with their U.S. operations, CME Group has locations across the globe to serve its international customers. (CCNMatthews Press Releases)
Citizens seeking tax relief Jul 10, 2009
(Real estate transactions are recorded in the Brewster County clerk s office, but that entity has no relation to the CAD.). White said citizens who recently received tax statements are seeing the effects of last year s economic activity, saying, Property values went up because of 2008 sales. (Alpine Avalanche, TX)
The Country Curmudgeon: Ways to improve the country Jul 10, 2009
NEWSPAPERS IN EDUCATION. By Roy Hicks Thursday, July 9, 2009 10:45 AM PDT. (Ontario Argus Observer, OR)
Council votes to continue juvenile curfew ordinance Jul 9, 2009
In closed session the council discussed removal of illegal structures and land use at 111 FM 423, AJRO Real Estate Investments, LLC v. Town of Little Elm, and consultation with attorney regarding architectural contracts. When the council returned to open session no decisions were made on anything discussed in closed session. (McKinney Courier-Gazette, TX)
Look at Allen Stanford's multi-count indictment Jul 4, 2009
I won t say it never happens, but it is very unusual that something, real estate, any investment would increase by that much in such a short period of time, said Stevens. To prosecutors, it looks like fraud. (KHOU.com, TX)
Jay Leno wins right to Web name for his new show Jul 3, 2009
Zambrano used the site to redirect Web surfers to his real estate business. The Jay Leno Show premieres Sept. 14 on NBC.. (USA Today -- Life)
Jay Leno wins cybersquatting case Jul 3, 2009
Texas man used domain to direct Internet users to a real estate Web site ... com to direct Internet users to a real estate website ... Furthermore, real estate agent Zambrano did not have any legitimate rights to the disputed web address and had registered it in "bad faith," according to the ruling by William Towns, an independent arbitrator appointed by the Geneva-based agency. (MSNBC -- Technology)
Diagnosed with cancer, Lodi man eventually discovers blessings he never imagined Jun 30, 2009
At least here, I had a little luck with the guidance of one of the most ethical and honorable real estate agents in the city ... Without having to put a "For Sale" sign on the front lawn and after one Open House that garnered no less than 12 offers well above my asking price, following the advice of my learned agent's many years in the real estate market the transaction closed with absolutely no problems whatsoever. (Lodi News Sentinel, CA)
Lucas Energy Announces Fiscal 2009 Year-End Results, Reports Record Production, Revenue and Proven Reserves Jun 30, 2009
Fred Hofheinz is the former mayor of Houston, a well-known business man from Texas, and experienced in both oil and gas and real estate investments. Mayor Hofheinz has served on the board of directors of both public and private oil and gas companies in the past. (Primezone Releases)
Bell, Texas UAW Local Reach Agreement Jun 30, 2009
Real Estate Headlines. Gray Television, Inc. - Copyright 2002-2009 - Designed by Gray Interactive Media - Powered by Clickability. (KWTX.com, TX)
109th U.S. Open: Rocco's unmodern life Jun 18, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
McKinney: Change at city hall Jun 4, 2009
He thanked Cox for his intentional recognition and appreciation of city staff at council meetings, his working knowledge of real estate and legislative process, and his care for they city's history. Ragan praised Whitfield for his state-wide presence, his work for transportation, lake and stream rehabilitation, tree preservation, and his support of the Collin County Municipal Airport. (McKinney Courier-Gazette, TX)
Report: Company agrees to purchase Panthers Jun 3, 2009
The group also includes Andrew Murstein, a New York City taxi tycoon; Hall of Fame baseball player Hank Aaron; former New York Gov. Mario Cuomo; and Richard Mack, a senior partner at Apollo Real Estate Advisors. After an IPO, a SPAC typically has two years to make an acquisition or it has to return money to investors. (ESPN -- NHL)
AP IMPACT: Foreclosures add to hurricane hazards Jun 1, 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. (Albany Times Union)
BREAKING NEWS: Proposed facility in Leander to provide 4,000 jobs May 29, 2009
"Potentially it's a 760 million project with real estate acquisition and its improvements, construction of the facility, equipment, furnitures and fixtures for Phase 1 and Phase 2," Clennan said. "Our recent grant proposal includes an aggressive construction plan for manufacturing capacity that exceeds the Department of Energy specifications," said Ross Goolsby, Valence Chief Financial Officer. (Cedar Park Hill Country News Weekender, TX)
Business Profile - - Home & Ranch Mortgage in lending business May 28, 2009
There is no MLS (multiple listing service) in our community, which is a challenge for our real estate agents and appraisers. Tell us an interesting fact about your business that might surprise readers: Customers are surprised at how cutting edge the mortgage qualification process has become. (Brenham Banner, TX)
Oregon ponders pension pullout A council seeks better terms and more transparency from private equity partnerships that manage $9 billion of the state's retirement fund May 28, 2009
Oregon helped get the company started, and now "they're getting a pretty big head," said Katy Durant, a commercial real estate broker who chairs the OIC, during a discussion at the council's Wednesday meeting. Durant told the council that she was ready to walk away from the investment without some management fee concessions, and that the move would send a message that the state was ready to take a stand. (OregonLive, OR -- Business)
Will new energy rekindle U.S. economic engine? May 27, 2009
Will the new energy drive the U.S. to recovery this time, as the dot-com boom did in the 1990s recession and the real estate sector did after the 2001 contraction. Investing in renewable energy and energy-saving sectors can create four times as many jobs as investing the same amount of money in fossil fuels, according to a report by a U.S. research institute. (Xinhuanet, China)
Social Science Club hosts year-end meeting May 27, 2009
Christley is a judge, Lewis an educator and there are at least two real estate professionals among them, plus a few retirees. Many of the women do work and they just squeeze time out for this, Lewis said. (Terrell Tribune, TX)
Re-Enhabit makes move in Portsmouth May 22, 2009
M/SUNNY Friday May 22, 2009. Today's most viewed articles. (Seacoast New Hampshire)
(Slideshow) Baylor McKinney expected to open in 2012 May 14, 2009
Looking for some choice real estate. Baylor Regional Medical Center at McKinney will be going up at Lake Forest Drive and Hwy. (McKinney Courier-Gazette, TX)
Seadrift council talks about building standards (2) May 12, 2009
The city would have the option of ordering demolition and placing a lien on the real estate. DeForest said he has a list of 11 substandard buildings in town, but that residences have not been included. (Port Lavaca Wave, TX)
What's Old is New for Parents Looking to Save Money May 12, 2009
NEWSPAPERS IN EDUCATION. "I also repurpose leftovers to make new meals and look for other uses for things in the kitchen such reusing empty food storage containers. Even my husband reuses milk and juice jugs in the basement to organize his stuff," she says. (Ontario Argus Observer, OR)
Tips for buying a home now for future profit May 10, 2009
I have personally bought six homes in The Woodlands in the past 14 years," Robinson said. She says her first home was on the market for $245,000. She bought it for $205,000 and sold it two years later for $279,000. The deal netted her $75,000. "We were able to get a great inventory home and get a really good price on it," Robinson said. She says the key to buying a new home is to first look at buying existing inventory and saving at least 20 percent. She also advises to buy in November or... (KHOU.com, TX)
Aransas County Independent School District board trustee candidates in attendance at a panel Monday are, from left, Place 4 appointee Bill Rivera, Place 3 incumbent Sara Walvoord and challenger John Solis, and Place 4 opponent Norinne Holman. Not pictured are Place 6 candidates James Pieper and Alan Putman. Photo by NORMA MARTINEZ May 8, 2009
Norinne Holman challenging Rivera, has many years teaching, as well as being a truant officer and real estate agent. She is a hard worker and was well prepared for the questions, although not perfect on budget details. (Rockport Pilot, TX)
City seeks $2 million grant to acquire dilapidated homes, lots May 6, 2009
Council member W. C. Estes voted against the grant submission saying he had a problem with the city being in the real estate business. Wording in the resolution designating the mayor as chief executive official and authorized representative also concerned Council members who wanted to see the item back before the Council to have input in the issue. (Elgin Courier, TX)
Etheredge makes first court appearance May 5, 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. (Wichita Business Journal, KS)
InnSuites Hospitality Trust (IHT) Reports Fiscal 2009 Earnings May 2, 2009
Our long-term strategic plan is to obtain full benefit of our real estate equity and to migrate our focus from a hotel owner to a hospitality service company by expanding our trademark license, management, reservation, and advertising services. This plan is similar to strategies followed by international diversified hotel industry leaders, which over the last several years have reduced real estate holdings and concentrated on hospitality services ... Such risks include, but are not limited to:... (PR Newswire)
McKinney: At What Price and Why History? Apr 29, 2009
NO more people who just want to see our valuable real estate as the largest city in Collin County as their private bank account. Want to talk about CHANGE. (McKinney Courier-Gazette, TX)
Council sends 760-acre development back to drawing table Apr 17, 2009
Looking at Celina, a real estate agent might think we're a small lot, pack 'em in city. It's time to put an end to this. (McKinney Courier-Gazette, TX)
Stagecoach Realty takes on 11th Street Cowboy Bar Apr 16, 2009
Leith contended McGroarty's position by citing numerous statistics regarding the viability of the Bandera County real estate market, and chastised the local press for giving McGroarty's comments front page attention ... The real estate market in Bandera County bottomed out in 2007 and is now on an upswing, Leith said. (Bandera Bulletin, TX)
Vanderpool voting poll to be open May 9 Apr 16, 2009
dkdowell wrote on Feb 19, 2009 8:24 AM:" Mr. Frazar has some of the facts a little off. It is not entirely his fault. The USGS changed the elevation datum some years ago and people confuse the elevation regularly. Under the old datum the spillway was at 1072' feet above sea level and the top of the dam was 1084 feet. You still hear real estate people talk about the 1084 line because you can't actually own any property below that line. The BMA essentially holds an easement below the 1084 contour.... (Bandera Bulletin, TX)
Commissioners meet Apr 14, 2009
"Real estate is still going up, but not enough to compensate for the drop in oil prices," she said. Commissioners voted to send a resolution to legislators and the appraisal district encouraging them to discuss the value with the comptroller. (Odessa American, TX)
Abby: Not right to share your 'all you can eat' Apr 11, 2009
While you may be "entitled" to only 50 percent of the bed, the fact is that the size differential between you and your wife is so great that you need some extra real estate. So ask her to be gracious and grant you an easement. (Florida Today)
