There is encouraging news today in the hotel investment sector. The deal volume is increasing. New York City, NY-based Jones Lang LaSalle Hotels reports $1 billion in hotel real estate has transacted in the Americas region during first quarter 2010, representing 29 percent of the firm's full year forecast of $3.5 billion. Read More
(ORLANDO, FL) -- One of the more controversial marketing techniques to emerge from the challenging business climate that prevailed last year is "flash selling," or the blasting of time-dated offers to targeted prospects via email. Read More
Florida courts have been hit with a record backlog of home foreclosures and need $9.6 million to hire more judges and case managers, according to the Florida State Courts Administration. The organization, which represents judges and all court personnel, is asking the state legislature for the money to ease the case backlog. Read More
Bethesda, MD-based StonebridgeCarras and Walton Street Capital of Chicago today share the honor of being one of the few office developers in the U.S. to bring a prime, Class A property to 100% occupancy in 2010. Read More
(WASHINGTON, DC) -- Vacation-home sales recovered in 2009 while investment sales fell sharply, according to the National Association of Realtors. NAR's 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2009, ... Read More
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 26, the Market Composite Index increased 1.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased... Read More
City Developments Limited (CDL) and Starwood Hotels & Resorts Worldwide (NYSE:HOT) today announced the launch of The Residences at W Singapore Sentosa Cove, a collection of 228 private luxury residences. Nestled amidst the exclusive waterfront residential enclave of Sentosa Cove ... Read More
(WASHINGTON, DC) -- Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should be restructured as government-chartered, non-shareholder owned authorities, ... Read More
The Federal Bureau of Investigation is reviewing 2,800 alleged mortgage fraud crimes, a national caseload that is up 400% from five years ago, according to US Attorney General Eric H. Holder. Holder calls the fraud allegations a national crisis. Read More
The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 3 basis points to 5.13 percent in February. The average interest rate on 15-year, fixed-rate loans of... Read More
According to the latest data released today from Standard & Poor's S&P/Case-Shiller Home Price Index, the annual rates of decline of the 10-City and 20-City Composites improved in January compared to December 2009.In fact, the 10-City Composite is unchanged versus... Read More
(WESTPORT, CT) -- It was the summer of 2004. People were camped out in Hollywood, Florida for the chance to buy one of the 285 units in a condo development called Radius. All of them sold out in 10 hours - half a year before construction was scheduled to begin. Read More
Actress America Ferrera (LOS ANGELES, CA) -- "Ugly Betty" star America Ferrera is losing the braces, wrapping up her role on the ABC sitcom and moving on.The actress, who plays a fashion-challenged editor at a style magazine, is relocating to... Read More
Nearly 42 percent of the nearly 53,000 condominiums for resale in the tricounty South Florida region are in some form of distress with the ratio of troubled product reaching as high as 50 percent in Miami-Dade County, says a new report from Condo Vultures. Read More
According to a new report from Bal Harbour Florida-based Condo Vultures, not even the paradise location of Key West is immune from the economic downturn triggered by the housing crash. Regulators shuttered four banks on Friday, including the Key West Bank ... Read More
Columbus, OH-based Glimcher Realty Trust (NYSE: GRT) today closed on its previously discussed joint venture with The Blackstone Group for the acquisition and management of two regional malls -- Lloyd Center in Portland, OR and West Shore Plaza in Tampa, FL. Read More
New York City-based CitiFinancial has agreed to pay a total $1.25 million to 35 states after being caught in a loan reporting error.The penalty comes after a routine examination by the Massachusetts Division of Banks found CitiFinancial failed to report... Read More
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 14-20 March 2010.In year-over-year measurements, the industry's occupancy ended the week with a 5.2-percent increase... Read More
According to preliminary single-family sales data accumulated by the New York State Association of Realtors (NYSAR) today, the New York state housing market continued to post double-digit sales gains compared to a year ago as February 2010 sales jumped 13.2 percent compared to February 2009 ... Read More
Six months ago, the secondary loan market of commercial mortgage-backed securities was lifeless. Today it is back on the front burner as lenders once again are starting to sign off on new mezzanine loans. Read More
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