Archive for December, 2008
Real estate company restores Thatcher building
(Pasadena Star-News) - The Los Angeles-based IDS Real Estate Group recently completed its $1-million restoration of the historic Thatcher building, which houses the Thatcher Medical Center. The revamp of the two- and three-story New Orleans Colonial-style building comes two years after IDS bought it with an eye toward restoration, said David Saeta, the Los Angeles [...]
Rough Times For Residential Real Estate Practices
(connecticut law tribune) - A healthy residential real estate practice requires that new clients and fees come from a variety of different feeder sources, but many of those sources are shrinking or drying up completely. As such, 2009 will be a year in which there are many challenges for a residential real estate practitioner.
• There [...]
Mixed forecast for China’s real estate in 2009
(chinadaily.com) - According to the report, many residents are willing to buy self-use houses but are blocked by high house prices. It is suggested that developers should adjust prices and enhance promotions, since real estate markets are very sensitive to price changes.
Furthermore, favorable polices also prop up the housing market. On Oct 22, 2008, the central [...]
Commercial Real Estate Fort Worth expects to see some slow down in 2009
(Fwbussinesspress.com) - National trends in commercial real estate are expected to continue downward in 2009, but local experts say Tarrant County will see some slowdown mixed with a flurry of investors — both local and out-of-state — looking to grab a piece of North Texas.
One thing is for sure — commercial real estate will remain [...]
The RealSource Multifamily Stimulus Package Delivers “Safe Haven” for Cash, IRA and Equity Investors
Americans can invest in commercial real estate. Whether it is IRA moneys, liquid savings accounts or home equity, the money is there to start the process,” explained Michael Anderson, Principal Broker of RealSource.net, a leader in multifamily and apartment investments. “It is the decision to move forward that escapes many would-be successful real estate investors.”
Salt [...]
Property evaluations, real values at odds in Clallam County
(Peninsula Daily News) PORT ANGELES — What goes up must stay up, at least for another year.
The re-evaluations that Clallam County Assessor Pam Rushton’s office sent out in October for the West End of Clallam County don’t reflect the burst real estate bubble.
Property values in the West End increased about $200 [...]
A Wish List for Commercial Real Estate
(New York Times) - BEFORE Christmas this year, as the government scrambled to fix a recalcitrant economy, some businesses received early holiday gifts. There was $100 billion for the American International Group, the insurance giant; $250 billion for banks; and at least $13 billion for automakers.
President-elect Barack Obama has also [...]
Top Resource for Luxury Real Estate in Los Angeles, CA Launches New Interactive Website
David Findley has just re-launched his new, redesigned, interactive website serving the luxury real estate market in Los Angeles (www.estatehomesla.com). David is a Realtor with Sotheby’s International Realty and he’s proud to be affiliated with SIR because of their no pressure approach to real estate transactions. Indeed, he says that he’s not in business to [...]
Luxury Key West Vacation Homes Now Selling At Incredible Savings; Singh Resorts Offers Parrot Key Price Reductions
Legendary developer Pritam Singh is offering a limited number of vacation homes for sale starting at $699,000 at the luxury waterfront Parrot Key Resort in Key West, a reduction of more than 50 percent off the original $1.4 million price.
Key West, FL (PRWEB) December 29, 2008 — As featured in the Dec. 26 New York [...]
Seattle hits top 10 list for troubled real estate assets
(Business Journal) - The greater Seattle area is among the top 10 metro markets nationwide for troubled real estate assets, according to a new report.
Real Capital Analytics, a New York research firm, ranked Seattle No. 9 by the volume of its distressed and troubled commercial properties.
At least 85 commercial properties — representing $3.1 billion in [...]
