Real Estate News Headlines From Sunday March 18th, 2012


 REAL ESTATE News From Home and Abroad

Delta: Distressed commercial real estate continues retreat Washington Post The amount of commercial real estate backed by troubled loans in the United States continues to fall from a high of $191.5 billion set in March 2010. So-called distressed real estate, which included properties in default or foreclosure and real estate
National Real Estate Insurance Group Offers an Interactive Way to Purchase Houston Chronicle National Real Estate Insurance Group (NREIG), the country’s leading real estate risk management expert, is proud to announce the launch of its new website and interactive digital marketing campaign, which are focused on improving the way the agency
Saudi turnover at 5-yr high; property drags Egypt lower Reuters By Nadia Saleem and Marwa Awad | DUBAI/CAIRO (Reuters) – Turnover on Saudi Arabia’s bourse hit a five-year peak on Sunday as money poured in with stocks hitting a new three-and-a-half year high, while real estate stocks weighed on Egypt’s bourse after
Real Estate Stats Point to Seller’s Market For Eastside Patch.com “Buyers are beginning to realize that we may have seen the bottom of this real estate market,” remarked Frank Wilson, branch managing broker at John L. Scott Real Estate in Poulsbo and a member of the Northwest MLS board of directors.
Institutional investors play favorites with open-end real estate funds Pensions & Investments By Arleen Jacobius Holding: Avery Robinson said up to $3 billion is waiting to be invested in some open-end real estate funds. Assets in the $75.6 billion open-end real estate fund universe have grown by almost half in the past six years, Pensions & Investments
Real Estate Dictionary Bastrop Daily Enterprise (blog) By Tracey Wrisper Agency – Agency means a relationship in which a real estate broker or a licensee represents a client by the client’s consent, whether expressed or implied, in an immovable property transaction. An agency relationship is formed when a
Real estate agents expect housing values to increase Hometownlife.com For real estate agents, the statistics show that the housing market is turning around. “There’s an increased demand, the days that listed homes are on the market are falling, which means the homes are selling faster, and the numbers of sales are
Real estate booming in China’s trading hub Vancouver Sun HONG KONG — Guangzhou, a trading hub for China since the Ming Dynasty in the 16th century, is in the midst of the biggest commercial real estate boom in its history. Developers including Guangzhou R&F Properties Co. and Poly Real Estate Group Co. plan
China property market digest, March 1-18 Reuters (For a previous issue, please click ) BEIJING, March 18 (Reuters) – Here is a look at the latest news, numbers and more from China’s real estate market. The property sector is a pillar of the Chinese economy and real estate investment accounted for 13
NYC’s Most Insane Real Estate Deal: $55/Month Rent-Controlled Apt…In SoHo Gothamist For some perspective: a real estate appraiser told them Lombardi’s apartment would get at least $2500 a month on the open market. Retired military meteorologist and published poet Tom Combs is the owner of the $71/month apartment in the same building, Gothamist
Persian Gulf Stocks: Arabtec Holding, Emaar, Sorouh Real Estate BusinessWeek Sorouh Real Estate PJSC (SOROUH) declined 6.5 percent, the most since March 7, to 1.3 dirhams. Abu Dhabi’s second- biggest developer said its board has elected Mubarak Matar Al Humairi as chairman. Aldar Properties PJSC (ALDAR) , Abu Dhabi’s largest
Upcoming real estate events Detroit Free Press Real estate and investment professionals are welcome. Seating is limited, so call 248-547-3006, or sign up at http://www.metro-mi.com . These free one-hour seminars will be 6-7 pm on the first and third Thursdays of the month at Metro Mortgage Investments,
Christchurch facing accommodation ‘crisis’, real estate institute says sharechat Christchurch is facing an accommodation “crisis” with virtually no rental properties available, putting the reconstruction effort in jeopardy, according to the Real Estate Institute. A survey by the real estate lobby group found two-thirds of real
ICSC Retail Real Estate World Summit to Convene Industry’s Foremost Leaders in Vancouver Sun Today from RECon Latin America, the International Council of Shopping Centers (ICSC) publicly released an updated agenda and speaker lineup for the 2012 Retail Real Estate World Summit (www.ICSC.org/2012RWS). Taking place September 12 – 14,
Lower Costs Of Estate Sale Properties Could Be Offset By Renovation Expenses NY1 While the price tag of an estate sale may have buyers jumping for joy, they need to understand the big picture before they jump at the opportunity. NY1′s Real Estate reporter Jill Urban filed the following report. Any buyer willing to renovate knows an NY1
REAL ESTATE: What’s the selling price on your neighbor’s house? Belleville News Democrat 740 State St.; from The Bank of New York; to Scott A. Kronenberger; $25500. * 1 Skyline Terrace; from James Norman Lichtenegger, Terrace Motel & Apartments; to Mark Augustine, trustee and Mary Augustine, trustee; $120000. * 110 N. Virginia Ave.; Belleville News Democrat
Commercial property investment market improving, brokers say Los Angeles Times By Roger Vincent With the economy apparently stabilizing, commercial real estate investors have jumped into several markets in the West, brokers said. “There is a lot of capital that needs to get out,” said broker Kevin Shannon of CBRE Group Inc. Los Angeles Times
Real Estate column: How short sales stack up against foreclosures Herald Times Reporter Short sales and foreclosure are two things that can cause confusion to many people whenever their real estate properties are going through difficulties. There are people who say foreclosures are better, while some say short sales are better.
Experts see turnaround in Oshkosh real estate The Oshkosh Northwestern “I really believe, overall, the recession is over in Oshkosh,” Purtell, owner of the Premier Group Real Estate Agency, points to the strong performance of major employers such as Oshkosh Corp. and Bemis, and the general economic diversity of the
Communication Advice, Real Estate Topics, Sex Offenders and Political Stands Patch.com Real estate agent and specialist Matt Hermes helps us understand the rising rental rates of single family homes in Georgia. Read his blog and see if renting your current home, instead of foreclosing, could be a positive option for you.
Here Comes the Sun: Fond du Lac area real estate market shows signs of growth Fond du Lac Reporter Larry Schaefer, Realtor with Roberts Homes and Real Estate of Fond du Lac, places a “sold” sign on a home on Dewberry Drive on March 14. Roberts’ agent Peggy Csiacsek sold the home earlier that day. (Aileen Andrews/The Reporter) This is the second
Real estate expert: Investment on its way to Beaver County Middle East North Africa Financial Network Mar 18, 2012 (Beaver County Times – McClatchy-Tribune Information Services via COMTEX) — A hundred new jobs might not land in Beaver County’s lap tomorrow, but a steady stream of investment is heading its way, a real estate agent who specializes in
Merger will form region’s largest real estate office Taosnews.com ANGEL FIRE — An impending merger of Angel Fire’s Prudential and RE/MAX businesses will birth the largest real estate office within the Taos County Association of Realtors’ jurisdiction. Eight agents from RE/MAX Bella Tierra will partner with the eight
Aero & Marine Tax Professionals Helps Real Estate Company Get Tax Exemption Avionics Intelligence Elk Grove, CA, March 18, 2012 –(PR.com)– Aero & Marine Tax Professionals ( http://www.aeromarinetaxpros.com/ ), a firm in northern California specializing in helping people avoid sales tax on the purchase of aircraft, has assisted a real estate
Lawyer admits he was ‘tool or dupe’ in Junction real estate deals Toronto Star Tony Van Alphen Staff Reporter Ontario’s legal regulator has suspended a second lawyer for his role in a series of unusual real estate deals in The Junction area after he acknowledged being a “tool or dupe” and found guilty of professional misconduct.
Frank Salt Real Estate sees 12% sales increase in face of ‘substantial market Malta Independent Online Frank Salt Real Estate registered growth throughout all its operations during 2011, notably an overall increase of 12 per cent in sales and an equal increase in letting. Activity in the commercial property sector has also been very promising with
Extreme Real Estate: 5 Incredible Garages TheStreet.com Tanya Tonge, Holman’s real estate agent, says massive garages are somewhat common in rural Oregon, where lots of folks focus on outdoor activities. “It’s a guy thing,” Tonge says. “I know a few fellas that use their garage to store cars, boats,
Virtually no rental homes free in city Stuff.co.nz Many tradesmen are having to repair Christchurch’s earthquake-hit homes while tenants are still living in them as the city’s rental housing drought bites, the Real Estate Institute of New Zealand says. Are you looking for a rental home?
IMF’s Zhu Says China Set for Soft-Landing as Property Cools BusinessWeek Premier Wen Jiabao has prolonged a crackdown on real-estate speculation to reduce the risk of asset-price bubbles and make housing affordable, saying last week that prices remain far from “reasonable.” A government program to build millions of low-
Shaping the Future of Real Estate RisMedia.com (press release) The following interview between Real Estate magazine Managing Editor Paige Tepping and John Gall, President of Nextage Property Solutions, focuses on company growth and the future of real estate. Read on to learn how Gall pushed past the traditional
China’s Stocks Drop, Extend Weekly Loss, on Home Prices, Chalco Bloomberg China Vanke Co. and Poly Real Estate Group Co. led property developers to the biggest decline among industry groups in the Shanghai Composite (SHCOMP) Index after new home prices slid in 27 of 70 cities last month. Chalco retreated after swinging to a Bloomberg
Widening TDS ambit to cover immovable property deals Hindu Business Line Historically, immovable property is an area where unaccounted money has been involved in large measure. Unaccounted money in property deals will not be a surprise for those who have some experience of the dealings of players in the real estate sector.
Mud roads, greenery turn into real estate boomtown Times of India “Today, the real estate price is Rs 6000 per sq feet on the main road,” says Aradhya, who owns a medical store in JP Nagar 7th Phase. Over the years, Aradhya has been actively involved in talking to heads of civic bodies to bring water and sanitation
ECB move: boost for affordable housing Hindustan Times As the Budget paved the way for external commercial borrowing (ECB) in the low cost affordable housing — at a time when most realty players are facing liquidity crunch, more real estate developers are expected to launch affordable housing projects.
FT: Blackstone To Take Control Of SocGen Property Loans NASDAQ According to the FT report, the deal is likely to close within weeks and would perhaps be the most significant sale by Societe Generale as it works to reduce its exposure to real estate. Societe Generale, like its peers across Europe,
Blackstone to take on SocGen property loans Financial Times By Ed Hammond, Property Correspondent Blackstone is set to take control of €100m worth of commercial property loans owned by Société Générale as the French bank pushes to shed its exposure to global real estate. The private equity group has entered
Market At Center Of Mortgage Crisis Is Blooming Again WCVB-TV “We’re talking about (home) prices being 3 to 4% higher than last year, which most people don’t believe because they’re used to bad news,” said Mike Orr, director of Arizona State University’s Center of Real Estate Theory and Practice.
Real Estate Notes Pittsburgh Tribune-Review By Sam Spatter, FOR THE PITTSBURGH TRIBUNE-REVIEW Sam Spatter is a Pittsburgh Tribune-Review staff writer and can be reached at 412-320-7843 or via e-mail. • After being vacant for more than four years, the Bradley Center in McMurray is for sale.
Egypt index slumps, led by real estate Egyptian Gazette CAIRO – Egypt’s main index declined 2 per cent, led by real estate stocks after the 2011 results of property developer Egyptian Resorts disappointed the market, traders said. The real estate firm narrowed its full-year loss after making new revenue
Strong sales volume growth continues in rural property sector Voxy Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 147 more farm sales (+72.1%) for the three months ended February 2012 than for the three months ended February 2011. Overall, there were 351 farm sales in the three
Rental housing crisis impedes Christchurch recovery New Zealand Herald By Teuila Fuatai Real estate agents are reporting a severe lack of rental properties in Christchurch – needed by families who are having their earthquake damaged homes fixed. Photo / Simon Baker A major shortage of rental houses in earthquake-ravaged
Germany on a Different Track Wall Street Journal While much of the euro zone is dealing with high debts, recession and burst credit bubbles, the bloc’s biggest economy, Germany, faces an altogether different problem: Its real-estate market is showing signs of froth. A hotel and residential apartment
NEW Police warn of real estate scam Walla Walla Union-Bulletin WALLA WALLA – A housing rental scam reportedly circulating through the community gives new meaning to the real estate mantra “location, location, location.” Instead of the location of the property, however, authorities are warning that the location
York’s fall real estate report: Houses down, condos up Seacoastonline.com By Paul Briand YORK, Maine — The value of houses sold in York during the fall decreased compared to the summer, while the value of condominium sales in town increased. A total of 45 houses sold in the 2011 fall period of September, October and
Sold! Real Estate Transactions: March 18 Edition Patch.com Patch A 1212 square-foot ranch house at 6429 Aldine, featuring three bedrooms and one bath, recently sold for $75500, according to AOL Real Estate. Each week, Sold! will highlight a bit of information about a recent home sale to offer some perspective
REAL ESTATE TRANSFERS Coshocton Tribune 111: GHD Real Estate Holdings LLC to Russell D. Ames and Donna J. Ames: 16242 County Road 436: Frazeysburg: $12900. 112: Wayne Sauerbrey to Stephanie A. Derr: 22080 High St.: West Lafayette: $39000. 113: Dane C. Albertson and Bernice M. Albertson to
Real Estate Data to Dominate Wall St Live Trading News Real Estate data and earnings from economic bellwether FedEx Corp. (NYSE:FDX) may offer investors some clues weethisk about the strength of the US recovery. Financial results from Oracle Corp. (NASDAQ:ORCL) and Nike Inc. (NYSE:NKE) and speeches from US Live Trading News
Alinma Bank signs 2 deals with Saudi Real Estate Development Fund Arab News By ARAB NEWS Alinma Bank and the Saudi Real Estate Development Fund (REDF) have signed two deals related to public home ownership. The first, an Installment Payment agreement, allows Alinma partners (clients) to pay the REDF installments through Alinma Arab News
Was inspection report improperly shared? Chicago Tribune A: The short answer to your question is that the second buyers are not obligated to reimburse you for information or inspection reports that they happen to see or obtain through the real estate brokers or other parties. Your question raises a couple of
Years after home values fell, property taxes start to recede Chicago Sun-Times Ryan Pagelow~Sun-Times Media More than five years after real estate prices began to tumble, Americans are finally starting to get property tax breaks on their devalued homes, a new analysis finds. Cities, counties and school districts today collect 20