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 Aldar Reports Loss for H1 but Expects Upturn in H2

Aldar Reports Loss for H1 but Expects Upturn in H2

(ABU DHABI, UAE) -- Aldar Properties PJSC, Abu Dhabi's leading property development investment and management company, yesterday announced a net loss of $215 million for the first half of this year. This compares to a net profit of $313.3 million for H1 in 2009. Read More

 
Q & A with Dottie Herman

Q & A with Dottie Herman

Dottie Herman Q1 - I recently put an offer in on a house. Since then my husband lost his job and we are not sure if we can still get a mortgage based on my income. We have a lot... Read More

 
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Oak Brook, IL-based Inland Real Estate Corp. (NYSE:IRC) has acquired The Point on Clark Street, a 14-year-old, 100-percent leased shopping center in Chicago's affluent Lincoln Park neighborhood for $28.8 million or about $262 per square foot. Read More

 
Mortgage Rates Reach 'New' Record Lows This Week

Mortgage Rates Reach 'New' Record Lows This Week

According to Freddie Mac's (OTC: FMCC) latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgages reached news record lows this week. This week's rate is the lowest since they began recording rates in 1971. Read More

 
Tourism Hit Hard as China Cleans Up Country's Worst Oil Spill

Tourism Hit Hard as China Cleans Up Country's Worst Oil Spill

Using chop sticks and their bare hands, thousands of Chinese volunteers today continue to clean up the beaches at Dalian, once ranked as China's most livable city on the northeast coast. A pipeline explosion at the Port of Dalian in Liaoning Province July 27 spilled 400,000 gallons of crude toxic oil ... Read More

 
Marriott Plans Flagship 'Edition' Inn on Shuttered Seville Beach Hotel Site in Miami Beach

Marriott Plans Flagship 'Edition' Inn on Shuttered Seville Beach Hotel Site in Miami Beach

A Marriott International affiliate has picked up a prime Miami Beach hotel development site for $57.5 million -- $10 million under a now-dismissed bankruptcy court lawsuit asking price. Read More

 
The Latest in Luxury Resort & Real Estate News

The Latest in Luxury Resort & Real Estate News

(ROANOKE, VA) -- With its sights set on providing the ultimate destination golf retreat, Ballyhack Golf Club celebrated its one year anniversary this month by driving a stake in the ground - literally. Read More

 
Travel Group Asks Treasury for $500 Million Marketing Check

Travel Group Asks Treasury for $500 Million Marketing Check

Facing a monumental tourism decline in the Gulf of Mexico's leisure and vacation market, the United States Travel Association is asking the Treasury for $500 million in federal funding to offset the sector's financial losses following the BP oil spill in April. Read More

 
Freddie Mac Reports Cash-In Refinancings Jumped to 22% in Second Quarter

Freddie Mac Reports Cash-In Refinancings Jumped to 22% in Second Quarter

Frank Nothaft According to a new report this week from Freddie Mac (OTC: FMCC), cash-out refinancing rose in the second quarter of 2010.Frank Nothaft, Freddie Mac vice president and chief economist stated, "Interest rates on fixed-rate mortgages are at 50-year... Read More

 
Achasta, Reynolds Signature Community to Host Major Golf Event

Achasta, Reynolds Signature Community to Host Major Golf Event

(DAHLONEGA, GA) -- A new collegiate match-play style golf tournament featuring 48 schools from all three divisions of the NCAA debuts next month at Achasta, a Reynolds Signature Community one hour north of Atlanta. Read More

 
Florida, California, Nevada and Arizona Still Lead Nation in Year-to-date Foreclosures

Florida, California, Nevada and Arizona Still Lead Nation in Year-to-date Foreclosures

The melody is unending - Florida, California, Nevada and Arizona continued to lead the nation in most residential foreclosures from January through June of this year. Read More

 
Hamptons MENA Expands to New Office in Uptown Cairo Community Developed by Emaar Misr

Hamptons MENA Expands to New Office in Uptown Cairo Community Developed by Emaar Misr

(CAIRO, EGYPT) -- Hamptons MENA, a premier property services company with a strong geographic presence in the Middle East and North Africa, has augmented its operations in Egypt by moving its main office to Uptown Cairo. Read More

 
Commercial and Multifamily Mortgage Originations Increase in Q2, But Remain Flat Over Last Year

Commercial and Multifamily Mortgage Originations Increase in Q2, But Remain Flat Over Last Year

According to the Mortgage Bankers Association's (MBA) quarterly survey of commercial and multifamily mortgage bankers originations, ... Read More

 
Private Art Collection Goes Public as Art Industry Grows in the UAE

Private Art Collection Goes Public as Art Industry Grows in the UAE

(SHARJAH, UAE) -- The emirate of Sharjah isn't nearly as well known as its immediate neighbor Dubai or Abu Dhabi, but it was in the art and culture business long before Abu Dhabi announced plans for Guggenheim and Louvre branches, Read More

 
Waikiki Merchants Suffer as Shoppers Ignore Downtown Stores

Waikiki Merchants Suffer as Shoppers Ignore Downtown Stores

Times are a-changing on the glamorous Hawaiian island of Waikiki. Waikiki leisure and vacation attractions remain vibrant but when it comes to shopping for everyday items, Read More

 
Mortgage Applications Down This Week, Says MBA

Mortgage Applications Down This Week, Says MBA

According to the Mortgage Bankers Association's (MBA) latest Weekly Mortgage Applications Survey for the week ending July 23, the Market Composite Index decreased 4.4 percent on a seasonally adjusted basis from one week earlier. Read More

 
HOA Foreclosures; Necessary Tool or Extortion Racket?

HOA Foreclosures; Necessary Tool or Extortion Racket?

In 2000, an 81-year old widow named Wenonah Blevins had fallen behind by $814.50 on homeowners association (HOA) assessments in her Houston, TX subdivision. Read More

 
The U.S. Market Needs to Embrace Diminished Housing Expectations

The U.S. Market Needs to Embrace Diminished Housing Expectations

(AUSTIN, TX) -- Even the relentlessly upbeat National Association of Realtors (NAR) couldn't put a happy face on this past week's housing report, Read More

 
Dubai Jails British Developer

Dubai Jails British Developer

The real estate developer who bought the "Britain" island in Dubai's the World project is facing seven years in jail for writing bad checks. Read More

 
Bali Pushes Back on Foreign Ownership Changes

Bali Pushes Back on Foreign Ownership Changes

The island where "Eat, Pray, Love" author Elizabeth Gilbert found love continues to block foreign ownership of property. Read More

 
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