(ORLANDO, FL) -- Condo Developers LLC today beat out Greenwich, CT-based Starwood Capital and Orlando, FL-based Tavistock Group with a bid of $25.9 million for 165 unsold luxury condominiums and 7,972 square feet of vacant ground-floor retail space at The Vue in Downtown Orlando.The assets were in Chapter 11, previously protected by the U.S. Bankruptcy Code.Based on the 165 condos alone, the relatively unknown winning bidder paid $156.69 for unit for condos that initially were priced in the $300,000 to $3 million range when they were constructed in 2007 at 150 E. Robinson St., overlookin...
David Crowe
(WASHINGTON, DC) -- According to today's National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly built, single-family homes fell back two points to 15 in March as poor weather conditions and distressed property sales posed increasing challenges to both builders and buyers."Unusually poor weather conditions certainly had a negative effect on builders' business in February," said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. "At the same time, the continual flow of distressed propertie...
Kevin Fleming
(MANAGUA, NICARAGUA) - Talking to Nicaragua developer Kevin Fleming the other day, the subject turned to golf - specifically the value of golf in a modern second home resort.Plans for Fleming's 923-acre Seaside Mariana Spa and Golf Resort include a Jack Nicklaus Signature course, which will be a milestone for Nicaragua. The course and the Nicklaus name are a key asset in marketing the project, he says.But Fleming is also among a group of developers who wonder about the importance of golf in future projects. His studies show 15 to 20 percent of potential clients ar...
(HENDERSONVILLE, TN) -- According to data from Smith Travel Research (STR), the U.S. hotel industry reported mixed results in the three key performance measurements during the week of February 28th through March 6th 2010.In year-over-year measurements, the industry's occupancy ended the week with a 4.0-percent increase to 54.9 percent. Average daily rate dropped 3.0 percent to finish the week at US$96.05. Revenue per available room for the week was up 0.9 percent to finish at US$52.75.The 0.9-percent year-over-year RevPAR growth represents only the third time in 18 months there was a...
(JACKSONVILLE, FL) -- According to Lender Processing Services' (NYSE: LPS) February 2010 Mortgage Monitor Report released today shows that delinquency rates in the U.S. have risen to historic highs, but the pace of deterioration has slowed. However, the nation's housing market remains far from a full recovery.Based on data extrapolated from the LPS servicing database, nearly 7.5 million loans are in some stage of delinquency or foreclosure, with an additional one million properties in REO or post-sale foreclosure. In addition, approximately 2.5 million loans that were current on Jan. 1...
The Vue, Downtown Orlando Florida
(ORLANDO, FL) -- Tavistock Group, an Orlando-based investment and development organization funded by London-born billionaire Joe Lewis, knows a bargain when it sees one.Please see related Real Estate Channel postingsOrlando's $100 Million Vue Luxury Condo Tower Goes on Auction Block March 15th, Jan. 7, 2010US Condo Roundup: Orlando's Vue Awaits Bankruptcy Ruling, Oct. 14, 2009Tavistock is offering $21 million for 165 unsold luxury condominiums at The Vue, a two-year-old, 36-story, 375-unit Downtown tower built in 2007.Up for auction Monday...
Las Vegas Sands Execs Ready to Erect 4 to 6 Casinos at $2B Each - but there's a catch:Promoters Want to Limit Competition to 4 Casinos.Nevada Operators Want to Pay under-10% Tax Rate, not 35% Rate State Proposes.Sands Group Tells Lawmakers to Limit Casino Market to 6 Sites and Charge a $100M Development Fee for Each Site.Vegas Execs Focus on Miami, Fort Lauderdale and Tampa but not Orlando.Seminole Tribe Books $1.9B in Gross Profit for 2008 - 2009 Numbers Still Being Crunched.Florida Trying to Button Down 3-Year Deal With Tribe That Would Give State $150M Take From Seminole Earnings.Florid...
Kara DioGuardi
(LOS ANGELES, CA) -- Prolific songwriter and "American Idol" judge Kara DioGuardi's Spanish-style home in the Hollywood Hills is on the market at $1,649,000.The gated house, built in 1964, has city and canyon views, wood-beamed ceilings, an open floor plan, extensive decks and a spa. Three bedrooms and3 1/2 bathrooms sit in 3,400 square feet. She added an outdoor cedar sauna to give the secluded property a spalike feel.The guest unit has its own entrance, living room, kitchen and bathroom.DioGuardi, 39, who joined the panel of the Fox singing competition in 2009...
Trump Ocean Resort Baja
(BAJA, CALIFORNIA) -- A lawsuit filed Monday by a group of buyers who lost their deposits in a Baja California resort charges Donald Trump and his executive children with fraud and negligence.The seven plaintiffs say they were "duped" into buying hotel-condo units in the Trump Ocean Resort Baja, a 526-unit, twin-tower project planned for 17 coastal acres a short drive south of the Mexican border. When the project collapsed in 2009, dozens of buyers lost their deposits, totaling more than $32 million.Trump only licensed his name to the project's developer, Lo...
Noho London
(LONDON, UK) -- NoHo Square was a fabled project in London, a boom era splash of decadence and luxury targeting the city's growing international affluent class.Promoted by the flamboyant Candy brothers, Nick and Christian, the plan was to turn the former Middlesex Hospital site in Fitzrovia into an array of offices and posh residences. Backed by Kaupthing, the Iceland bank, the Candy's paid £175 million ($262 million) for the property in 2006 and won approval for an 890,000-square-foot development the next year, including more than 200 luxury apartments.Now the site i...
Lending to the commercial property sector has thawed over the past year, with more banks providing additional debt for investment and development for the first time since the crash in 2007
Mipim, the famously excessive property conference, is set to be the quietest for some time for those from the UK market as expenses are restrained and companies cut back on attendees
Upmarket UK retailer confirms it has been approached by possible bidders but declines to give update on possible sale and leaseback of its Regent Street store
Chinese real estate prices accelerated last month, rising by their fastest pace in two years despite government efforts to cool the market amid fears of a looming property bubble
The serviced offices group has demanded rental cuts and concessions from landlords under a plan that could see parts of its business being put into administration
In return for being given the land for one of the largest development schemes in London, the developer will be asked to build a new fresh produce market on the site
Liberty International's proposed demerger of its £6.1bn property empire marks the beginning of a new era for the UK real estate investment trust sector
Tuesday's UK results round-up: the Chilean copper miner used its annual results to reassure investors that its operations had not been seriously affected by the earthquake
The commercial landlord is to separate its portfolio of central London properties from its regional shopping centres, as it reports a narrowing in pre-tax losses thanks to a reduction in writedowns
Kung Yan-sum, Nina Wang's brother and Chinachem chairman said in his first interview since the court battle that the property company would consider a listing
China Real Estate Opportunities has proposed abandoning its listing on London's Aim market to list in Singapore, in an effort to improve the rating of its shares
RioCan Real Estate Investment Trust Announces March 2010 DistributionMarketWatch (press release)RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $8.5 billion as at December 31, 2009. ...Artis Real Estate Investment Trust announces monthly cash distributionCanada NewsWire (press release)Charter Real Estate Investment Trust (TSX VENTURE: CRH.UN) Announces ...Earthtimes (press release)Real Estate Investing in a Self Directed IRA: Tapping Your Expertise for ...PR-USA.net (press release)BloggingStocks (blog) -PR-inside.com (pres...
Hospitality Properties Trust Commences Tender Offer for 3.80% Convertible ...MarketWatch (press release)A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange. No shareholder, Trustee or ...and more »
PMC Commercial Trust Announces First Quarter Dividend of $0.16 Per ShareMarketWatch (press release)DALLAS, March 15, 2010 /PRNewswire via COMTEX/ -- PMC Commercial Trust (AMEX:PCC) (the "Company," "we" or "our"), a real estate investment trust ("REIT"), ...BioMed Realty Trust Declares First Quarter 2010 Common Stock and Preferred ...PR Newswire (press release)all 64 news articles »
European property deals seen up 20-30 pct in 2010ReutersCANNES, France, March 15 (Reuters) - European real estate transaction volumes could rise as much as 30 percent to around 90 billion euros ($124 billion) ...and more »
Daley won't testify in real estate developer caseABC7Chicago.comMarch 15, 2010 (CHICAGO) (WLS) -- Mayor Daley will not be called to testify in the trial of a developer charged with bribing Isaac Carothers. ...and more »
New York Daily NewsBank Chief Accused of TARP FraudWall Street JournalPark Avenue Bank, a lender with more than $500 million in assets that specialized in commercial-real-estate loans, failed on Friday after piling up more ...TARP's First Alleged FraudsterForbesFDIC seizes New York's Park Avenue Bank and LibertyPointe BankLos Angeles TimesEx-Park Avenue Bank Chief Antonucci Accused of CrimesBusinessWeekall 357 news articles »
Boston GlobeHome Builders Can't Compete With ForeclosuresForbesAs US home builders grew more wary of the housing market in March, besieged by competition from cheap foreclosures, real estate auction companies are ...Home Builders' Confidence Index Dips Again in MarchDailyFinanceall 151 news articles »
HULIQRivals seek foreign help with bids for General Growth PropertiesHULIQ"Several of the larger sovereign funds are working with both parties," Guy Metcalfe, head of real estate investment banking for Morgan Stanley, told FT. ...Bidders For General Growth Properties (GGP) Look To Sovereign Wealth Funds For ...BenzingaBidders in US malls battle seek backing of sovereign fundsFinancial Timesall 8 news articles »
Gramercy Capital reports negative FFO in 4th qtrBusinessWeekFFO, which the real estate industry uses to gauge operating performance, adds depreciation and amortization expenses, as well as other non-operating items, ...Gramercy Capital Corp. Reports Fourth Quarter 2009 Financial ResultsMarketWatch (press release)Gramercy to explore options for realty unit; shrs slumpReutersGramercy Capital Corp (NYSE:GKK) Releases Q4 EarningsTransWorldNews (press release)RTT Newsall 29 news articles »
Foreclosure of Commercial Properties Rises in Metro AtlantaInside Self-StorageAfter conducting a hearing on the issue in Atlanta, a congressional oversight panel said a wave of commercial real estate loan failures over the next few ...and more »
Spécial Mipim 2010 : l'immobilier d'entreprise cherche des raisons ...La Tribune.frLa montée du chômage et une conjoncture atone rendent prudents les professionnels de l'immobilier. Les situations sont cependant très différentes d'une ...Une délégation se rend au MIPIM à CannesL'Agefi (Abonnement)Cannes, capitale mondiale de l'immobilier jusqu'à vendrediNice-MatinLe marché international des professionnels de l'immobilier ouvre ...Immobilier-entreprise-magazine.frBatiactu -Reuters -La chaine du coeur13 autres articles »
LesAffaires.comCoup de déprime dans l'immobilier américainLesAffaires.comLes promoteurs immobiliers américains dépriment de plus en plus, en raison de la forte concurrence des propriétés dites «en détresse», celles qui ont été ...US / Eco : l'industrie immobilière américaine déprimeBoursier.comEtats-Unis: Indice immobilier NAHB en baisse à 15 en marsInvestir.frUSA/Immobilier - La confiance en baisse chez les promoteursReuters9 autres articles »
nouvelobs.comLes taux de crédit immobilier encore à la baissenouvelobs.comUne nouvelle fois le baromètre du courtier en crédit immobilier Empruntis.com constate une baisse quasi-générale des taux de crédit immobilier sur toutes ...Indicateur des taux de crédit immobilier, 2e quinzaine de mars ...InfosimmoOn emprunte moins cher dans certaines régionsLe Particulier4 autres articles »
L'ExpressImmobilier : Les expulsions locatives commencent demainFoncier.mobiComme tous les ans, après quatre mois et demi de trêve hivernale du 1er novembre au 15 mars inclus, les expulsions locatives reprendront mardi même si les ...Fin de la trêve hivernale, les expulsions reprennentRFIDes bénéficiaires du droit au logement sont menacés d'expulsionLa Croix« Stop aux expulsions locatives » qui reprennent demainLe Progrès161 autres articles »
Immobilier tertiaire : BNP Paribas REIM achète à Lyon-LimonestDirectgestion.comLe groupe DCB International, promoteur spécialisé dans l'immobilier tertiaire haut de gamme, annonce aujourd'hui la vente à BNP Paribas REIM (Real Estate ...BNP Paribas Real Estate poursuit son développement internationalEdubourse.com (Communiqué de presse)- 17 % pour le chiffre d'affaires de BNP Paribas Real Estate en 2009nouvelobs.comLyon (69) : DCB International vend une première tranche du Celtic ...Business Immo5 autres articles »
Banque et immobilier : grandes manœuvres et guerres picrocholinesCapital.frDeux événements récents tendent à démontrer que les banques se retirent de l'immobilier : l'annonce par la BPCE qu'elle se désengage de FONCIA, ...
Diagnostic ExpertiseBaisse généralisée des taux de crédits immobiliersLa Tribune.frLes taux de crédits immobiliers baissent en mars, sur toutes les durées et dans toutes les régions, selon Empruntis. La baisse des taux immobiliers continue ...Prêts immobiliers : baisse généralisée des taux d'intérêt en marsLes ÉchosNouvelle baisse des taux d'emprunts dans l'immobilierBoursier.comCrédits immobiliers: les taux continuent de baisserLe FigaroCapital.fr -Diagnostic Expertise -Directgestion.com54 autres articles »
Les marchés franciliens et lyonnais manquent d'offresnouvelobs.comAprès une longue période de hausse du pouvoir d'achat, la stabilisation est au rendez-vous début 2010, selon le baromètre immobilier de l'agence immobilière ...et plus encore »
Ingénieur Financier ImmobilierL'ExpansionAu sein de notre Direction des Investissements , vous êtes rattaché(e) au Responsable des Placements Immobiliers. Vos missions s'articulent autour de deux ...
ToulEmploiLes métiers de l'immobilier ont-ils de l'avenir ?ToulEmploiDans la perspective du prochain salon immobilier de Toulouse, les 19, 20 et 21 mars 2010, nous avons souhaité faire le point sur les débouchés d'un secteur ...
Spanish property prospects for 2010
15/03/2010
