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...
180 N. LaSalle St. office building
(CHICAGO, IL) -- What a difference a couple of years make in the values of prime office buildings - especially if those years fell in the Great Recession era of 2007 to 2010.Chicago brokers familiar with Class-A Downtown properties, estimated in June 2008 the 38-year-old, 39-story, 770,191-square-foot 180 North LaSalle Street tower could ring up a sale price of $166 million or about $215 per square foot.It was 87% leased at the time to 78 tenants.In May or June of this year, however, the property will close at a gross $72.25 million or about $9...
St. Kitts' Ocean's Edge Resort Completes First Villa HomeOcean's Edge Beach Clubhouse
(FRIGATE BAY, ST. KITTS) -- Property owners at Ocean's Edge Resort will soon be enjoying the luxury community's first completed villa. Located on the eastern Caribbean island of St. Kitts, 180 feet above sea level, this 4,500 square-foot luxury villa includes three bedrooms plus a guest house pavilion and a 25-foot long infinity edge pool. The villa, with its three terraces, offers spectacular views to the Atlantic Ocean, Caribbean Sea, the Royal St. Kitts Golf Course and St. Kitts' lush landscap...
Dottie Herman
Q1 - I am trying to sell my home and move to a larger home as we are expecting our third child. We just received a decent offer for our home; however, we haven't had a chance to begin our search. Can we take this offer with a contingency that we have to find a house first? Would they give us a few weeks or a month to see what we can find, or do you think they want to get moving right away?A - First and most important, congratulations on your upcoming child. Without asking what your buyer timeline is, it will be impossible to gauge it. However, there are som...
Cushman & Wakefield Predicts Global Commercial Deals Will Rebound by 30% This Year.Atlanta's Regent Partners Plans to Spend $400M in Next Two years Buying Office Buildings, Hotels and High-Rise Apartments.New York City-based Digital Realty Trust Offering $500M in Senior Unsecured Notes.Lenders Say Commercial Refinancing Expected to Worsen in 2010.Canada in Better Shape Than U.S. Thanks to Foreign Investor Interest, Says Avison YoungJanice Stanton
(NEW YORK, NY) -- Cushman & Wakefield research predicts global commercial real estate deals will rebound by 30% this year. ...
Ferris Bueller Home
(HIGHLAND PARK, ILLINOIS) -- Last Sunday's Oscar tribute to late director John Hughes served as a reminder that the Ferris Bueller house is still on the market.In the movie "Ferris Bueller's Day Off," the steel and glass house in the forested Chicago suburb of Highland Park was used as the home for Bueller's friend, Cameron. A glass pavilion overlooking the wooded hillside served as a garage for Cameron's father's ill-fated Ferrari.Known locally as "the Ben Rose House," the property was designed by architects A. James Speyer and David Haid, well-known protégés o...
Ken Boyle
(GREENWICH, CT) -- Southern California Edison, one of Downtown Los Angeles' largest employers, has purchased a 270,000-square-foot office building in suburban Rosemead, CA, near its own L.A. headquarters site.Edison paid Hanover Real Estate Partners of Greenwich, CT $33.75 million or about $125 per square foot for the structure at 1515 Walnut Grove.In a prepared statement, Hanover says the building was originally purchased in a sale-leaseback transaction by Potters Avenue Limited Partnership in 1983 and was leased under long term net lease to Citibank through Oct. 31...
Don Henry, Wells Real Estate Funds
(COLUMBUS, OH) -- Atlanta-based Wells REIT II has acquired the 322,000-square-foot, four-building Sterling Commerce Center in Columbus, OH, headquarters for AT&T's subsidiary, Sterling Commerce.Wells didn't disclose the purchase price, but Columbus brokers familiar with the city's Class A office segment estimate the deal went down for at least $65 million or about a minimum $200 per square foot.The buildings, sold by Duke Realty Corp., are 100%-leased to Sterling Commerce until 2020."Given the slowdown in Class-A real estate transactions i...
St. Vincent's Medical Center, Jacksonville, FL
(JACKSONVILLE, FL) -- Healthcare Trust of America Inc. is on an acquisition roll. The Scottsdale, AZ-based REIT paid $10.775 million or about $203 per square foot for the 53,169-square-foot King Street Medical Office Building in Jacksonville, FL.The acquisition comes only weeks after HTA purchased properties in Atlanta and Englewood, CO, as Real Estate Channel previously reported.Please see related Real Estate Channel postings:Healthcare Trust of America Beefs UP Portfolio With Buys in Atlanta and Englewood, CO., Mar. 8, 2010U.S. Rea...
Designer brand and fashion retailer confirms it has been approached by possible bidders but declines to give update on possible sale and leaseback of its Regent Street store
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
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
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
Andrew Jones, the UK property company's former retail chief, is set to reveal plans to list Metric Property on the London Stock Exchange, possibly raising more than £150m
Investors believe that Dublin's bank rescue plan is a good thing, but some analysts warn the government could end up as the reluctant owner of hundreds of much farm land and unfinished office blocks
Returns from investing in prime real estate are forecast to beat most other asset classes as strong demand from investors helps the market rebound sharply from record losses
Norway's state pension fund will be allowed to invest up to 5% of its portfolio in property for the first time, reducing its allocation to fixed income
Pennsylvania Real Estate Investment Trust Reports Fourth Quarter and Full Year ...MarketWatch (press release)Pennsylvania Real Estate Investment Trust, founded in 1960 and one of the first equity REITs in the US, has a primary investment focus on retail shopping ...Pennsylvania Real Estate Investment Trust Q4 Loss Widens; Guides FY10 - Quick ...RTT NewsPREIT lands renewal of its credit line | Philadelphia Inquirer | 03/12/2010Philadelphia InquirerRealistic Expectations In PREIT Outlook for PennsylvaniaHULIQTrading Markets (press release) -Cherry Hill Courier Post -StreetInsider.co...
Health Care Real Estate Seen to Curtail Economic DownturnCNNMoney.com (press release)Health Care REIT Inc. is an equity real estate investment trust. The firm engages in investment, development, and management of properties. ...and more »
Hong Kong Homes Set for a 'Good Year,' Builder SaysBusinessWeek“We don't see any bubbles in the market,” Victor Lui, executive director of Sun Hung Kai's real estate arm, said at a briefing yesterday. ...and more »
Annual Chicago Commercial Real Estate Awards Dinner winnersREjournals.comby Illinois Real Estate Journal Reports The 22nd Annual Chicago Commercial Real Estate Awards Dinner took place at the Hilton Chicago last night. ...Tower, French market win big at real estate showChicago Sun-Times22nd Annual Chicago Commercial Real Estate Awards Dinner Recognizes ...PR Newswire (press release)all 6 news articles »
China Property Stocks Fall After Report on Auction DepositsBusinessWeekPoly Real Estate Group Co. dropped 0.3 percent to 19.71 yuan. A gauge of real estate developers fell 0.3 percent today, the steepest decline among industry ...China shares fall on jitters over possible rate hike, other moves to cool ...CanadianBusiness.comlst Ld-Writethru: China stocks close down Wednesday, led by weak property, coalistockAnalyst.com (press release)China's Stocks Fall Most in a Week; Developers, Banks RetreatBusinessWeekBusinessWeekall 88 news articles »
UK Commercial Property Has First Annual Increase Since 2007BusinessWeekMarch 12 (Bloomberg) -- UK commercial real estate values rose for the first time on an annual basis since September 2007, according to ...and more »
Cousins Properties Announces Results of First Quarter Dividend ElectionsMarketWatch (press release)Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, ...and more »
California public pension funds take new hits on real estate investmentsSacramento BeeCalifornia's two big public pension funds took fresh hits to their troubled real estate portfolios this week, suggesting the fallout from the ...More real estate woes for CalPERSSan Francisco Chronicleall 4 news articles »
CB Richard Ellis Group, Inc. Launches iPhone ApplicationMarketWatch (press release)CB Richard Ellis is the first commercial real estate services firm with a corporate iPhone application. The Company plans to add more functionality, ...and more »
Nantucket's real estate dip hits land bankBizjournals.comThe old whaling town turned vacation playground for the rich and famous experienced a sharp decline in real estate activity amid the recession, ...and more »
CommentCaMarche.netLes taux des crédits immobiliers devraient remonter cette annéeLe MondeLes taux des crédits immobiliers, actuellement très bas, vont remonter "avant la fin de l'année, et peut-être plus tôt", estime François Blancard, ...Baisse généralisée des taux de crédits immobiliersLa Tribune.frPrêts immobiliers : baisse généralisée des taux d'intérêt en marsLes ÉchosRemontée des taux de crédit immobilier : le compte à rebours est lancéDiagnostic ExpertiseBoursier.com -Capital.fr -Directgestion.com55 autres articles »
L'Express"Notre niveau de chômage va forcément pénaliser le marché immobilier"L'ExpressMais, conjoncture en demi-teinte oblige, la reprise du marché immobilier est fragile. Est-ce la bonne période pour vendre, acheter, louer ? ...Vendre, acheter, louer... Posez vos questions sur l'immobilierL'Express3 autres articles »
nouvelobs.comLe salon de l'immobilier Rhône-Alpes se tiendra les 12,13 et 14 marsnouvelobs.comLe salon de l'immobilier Rhône-Alpes aura lieu à Lyon entre le 12 et le 14 mars. (c) Reuters La colline de Fourvière, vue depuis Lyon. ...L'immobilier rhônalpin tient salon à LyonLyon Webzine3 autres articles »
Les prix de l'immobilier pourraient encore baisser, selon un ...Capital.frUn économiste du FMI a affirmé vendredi que les prix de l'immobilier avaient "dans beaucoup de pays encore de la marge pour baisser", si l'on se fie aux ...Les prix de l'immobilier ont de la marge pour baisser (économiste ...Le Point3 autres articles »
webmanagercenterCrédit Foncier: bénéfice net stable malgré une baisse des volumes ...AFPLe directeur général adjoint, Christophe Pinault, a indiqué que 60% de la production de crédit immobilier du Foncier en 2009 s'est faite sur la ...Le Crédit Foncier dynamique sur le marché des particuliersLa Vie ImmoCrédit Foncier de France : bénéfices stables en 2009Boursier.comLe Crédit Foncier réduit ses coûtsL'AGEFIChallenges -Boursorama33 autres articles »
Tribune de GenèveLes prix de l'immobilier devraient reculerTribune de GenèveTelles sont les conclusions pour le logement d'une étude du Credit Suisse sur les perspectives 2010 de l'immobilier suisse. Un marché que la crise n'a ...CH/Etude CS: immobilier stable, situation plus critique pour ...Romandie.comL'immobilier devrait se détendre en 2010Radio Suisse RomandeCH/Etude CS: marché immobilier stable, situation plus critique ...Romandie.com13 autres articles »
La BNS maintient ses taux et s'inquiète de l'immobilierInvestir.frLe marché immobilier inquiète la banque centrale, qui souligne que les prêts se sont accrus de 5,3% en janvier en rythme annuel en raison du faible niveau ...et plus encore »
Bon début d'année pour l'immobilier en EstrieCyberpresse(SHERBROOKE) Dans une proportion moindre que dans le reste du Québec, le marché immobilier estrien a entrepris l'année 2010 sur le bon pied, avec des ventes ...
Tribune de GenèveLes travaux de la gare Cornavin sont officiellement lancésTribune de Genève... Künzler et Mark Muller, le maire de la Ville de Genève Rémy Pagani, le chef de CFF Immobilier Urs Schlegel et le directeur des CFF Andreas Meyer. ...et plus encore »
L'immobilier aussi en representationLa Voix du NordLe salon de l'immobilier Immotissimo ouvre aussi ses portes ce vendredi à Lille Grand Palais, pour tout le week-end. ... Selon ses organisateurs, la baisse ...Immobilier : quand va-t-on sortir de la crise ?Nord Eclair.fr2 autres articles »
Increase in Corporate Clients Considering Switzerland
12/03/2010
