Monthly ARCHIVES
November 2008
(DUBAI, UAE) - Nakheel, one of Dubai's leading developers, has been in the news the past two weeks for the starry opening of the Atlantis resort and the arrival of QE2 to its new home on Palm Jumeirah. But today Nakheel is in the news for making cutbacks. Read More
(ABU DHABI, UAE) - The new City Airport, Abu Dhabi is the first private jet airport in the Middle East and North Africa. Situated at the former Al Bateen Airbase, City Airport is five kilometers from the central business district... Read More
(DUBAI, UAE) - They like to do things big here, and the arrival of QE2 after 16 days at sea was a good reason to throw a party especially as the UAE is celebrating its 37th National Day on December... Read More
(WASHINGTON, DC) - The U.S. Commerce Department today confirmed sales of new single-family homes declined 5.3 percent in October to a seasonally adjusted annual rate of 433,000.That evaluation complements a Real Estate Channel Nov. 25 article noting the sales of... Read More
(ORLANDO, FL) - Seems like the bad news just keeps coming. And practically every indication from the field suggests that most in the travel industry (both domestic and international) will have to work harder in the months ahead to capture... Read More
(TAMPA, FL and RICHMOND, VA) - The office leasing and investment markets in Tampa, FL and Richmond, VA remain weak but not demoralized, according to two separate GVA Advantis reports today.In Tampa, vacancy has risen a full percentage point to... Read More
(ABU DHABI, UAE) - While air travel has slowed down in much of the world, passenger numbers at Abu Dhabi International Airport are up 32.8 percent in 2008. At this rate, more than nine million people will have traveled to,... Read More
(DUBAI, UAE) - Perhaps the most famous ocean liner in the world is on her way to a permanent home at Palm Jumeirah, one of Dubai's famous artificial islands, to begin a new life as an ultra luxury hotel. When... Read More
(NEW YORK, NY and ORLANDO, FL) - Two separate studies today show prices of existing single-family homes and condominiums continue to decrease, even as sales increase in some markets.Standard & Poor's says its S&P/Case-Shiller Home Price Indices through September of... Read More
(WASHINGTON, DC) - The National Association of Realtors® in a letter to Federal Reserve Board Chairman Ben Bernanke has expressed deep concern over GMAC's application for bank holding company status."NAR continues to support the separation of banking and commerce," said... Read More
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(LOS ANGELES, CA) - Tony Gonzales, tight end for the Kansas City Chiefs, has listed his Manhattan Beach home at $3.9 million with Gibson International, a new realty firm based in Brentwood. A new realty firm in this economy? It doesn't... Read More
(SANTA ANA, CA) - Grubb & Ellis Co., anticipating a hostile takeover, has alerted stockholders to a coming control battle with Irvine, CA-based Thompson National Properties. The stockholders meet Dec. 3. Stuart Tanz Grubb & Ellis is asking them to... Read More
(WASHINGTON, DC) - Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors®.Existing-home sales - including single-family, townhomes, condominiums and co-ops - fell... Read More
(LORETO, Mex.) - Marriott International just announced it will introduce the first JW Marriott Residences in Mexico. The oceanfront resort-style development is being spearheaded by Scottsdale-based NG Properties Mexico LLC.Located along the Sea of Cortez in the 300-year-old town of... Read More
(DUBAI, UAE) - It was a big night in Dubai yesterday, perhaps the most celebrities in one place since the Oscars and definitely the most spectacular fireworks since the opening of the Beijing Olympic games last summer, all for the... Read More
(BRADENTON, FL) - Starwood Land Ventures LLC, a little-heard-of Florida-based residential real estate investment firm, is betting the demand for housing will be intense once the nation bounces back from the current economic recession.The Bradenton, FL-based firm has just closed... Read More
(DUBAI, UAE) - One year from now the world's richest golf tournament begins in Dubai on the brand new Greg Norman course called Earth with a total of $20 million in prizes. The Dubai World Championship in 2009 will be open to the 60 golfers with the best season record in the Race for Dubai that will replace the current European Tour Order of Merit series of tournaments. Read More
(WASHINGTON, DC) - The economic downturn will slow commercial real estate markets into 2009, according to a forward-looking index for the commercial real estate sectors published by the National Association of Realtors. Lawrence Yun Lawrence Yun, NAR chief economist, said... Read More
(WASHINGTON, DC) - Home builders nationally have put away their hammers and saws. They not only are shelving the construction of new homes these days. They also don't plan to do so for some time. Overall housing starts declined 4.5 percent to a seasonally adjusted annual rate of 791,000 units in October, the slowest pace recorded for any month since the government started keeping track in 1959. Read More
(NEW YORK, NY) - Two major international hotel organizations Wednesday night were formally told something they already know - the lodging industry is in trouble with no immediate improvement in sight.Standard & Poor's Ratings Services revised its outlook on Host... Read More
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