Monthly ARCHIVES
February 2012
According to Jones Lang LaSalle's (JLL) latest Cairo Real Estate Overview, following the Egypt's difficulties in 2011, the future looks more positive. JLL believes that there is evidence of more clarity and increased activity, with confidence returning twelve months after Egypt's revolution. Read More
CBRE announced this week that they have sold 33 Maiden Lane, an approximately 600,000-square-foot Midtown office tower, to the Federal Reserve Bank of New York, on behalf of a closed-end German fund managed by Invesco Real Estate, in cooperation with Hannover Leasing. Read More
This week the Puerto Rico-based San Gerónimo Caribe Project, Inc. announced the re-launch and commencement of construction of Paseo Caribe. The open-air, waterfront retail and high-end residential property is undergoing a complete revitalization as a result of the collaborative business relationship between the stakeholders. Read More
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 24, mortgage applications decreased 0.3 percent from one week earlier. This week's results are adjusted for the Presidents Day holiday. Read More
According to STR, the U.S. hotel industry experienced increases in all three key performance metrics during the week of ending February 18, 2012. In year-over-year comparisons for the week, occupancy was up 1.5 percent to 59.7 percent, ... Read More
(Los Angeles, CA) -- The Hidden Hills estate that pop icon Britney Spears had been leasing for $25,000 a month is back on the market. Ronald N. Tutor, chief executive of the construction firm Tutor Perini, is listing the equestrian-zoned property at $9.995 million. Read More
According to the latest S&P/Case-Shiller Home Price Indices report for December 2011, U.S. home prices ended 2011 at new index lows. The national composite fell by 3.8% during the fourth quarter of 2011 and was down 4.0% versus the fourth quarter of 2010. Read More
(MIAMI, FL) -- The Trump Organization announced Feb. 27 that it will purchase Miami's famed Doral Hotel & Country Club for $150 million. Doral is known for its four championship golf courses, including the world-renowned Blue Monster, ... Read More
(MIAMI, FL) -- Starwood Hotels and Resorts recently opened Element Miami International Airport. One of Starwood's newer "eco-wise" brands, Element features 209 guest rooms and suites built green from the ground up. Read More
According to the National Association of Realtors (NAR), pending home sales in the U.S. are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago. Read More
According to CBRE's latest Global Office Rent and Global Capital Value Indices, both held steady in Q4 2011, increasing by only 0.48% and 0.44%, respectively. Compared with year-end 2010, the indices measured increases of 5.0% for Global Rent and 8.2% for Global Capital, reflecting stronger growth in the first half of 2011. Read More
(ANTIBES, FRANCE) -- One of the newest residential properties being offered in the French Riviera is Porto Bello Residence. Marketed by Sextant French Properties, Porto Bello is a collection of 38 exquisite multi-family attached homes near Golfe Juan marina and Antibes old town. Read More
According to a new study by the Center for Housing Policy now confirms that falling home prices have not solved the housing affordability problems of the nation's working households. Read More
(LOS ANGELES, CA) -- Actor Ryan Reynolds has listed at $3.65 million the Los Feliz hills house he bought with his then-wife, actress Scarlett Johansson, in 2010. Read More
(HO TRAM STRIP, VIETNAM) -- One of Vietnam's largest foreign direct investment projects in terms of committed capital is $4.2 billion Ho Tram Strip, an integrated resort project developed by Canada-based Asian Coast Development (ACDL) started. Read More
According to STR Global, hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics for January 2012 when reported in U.S. dollars. Read More
(MIAMI, FL) -- According to the Miami Association of Realtors, Miami home prices posted strong gains in January 2012. The median sales price of condominiums in the Miami Metropolitan Statistical Area (MSA) spiked 36 percent to $122,500 in January compared to a year earlier. The median sales price of single-family homes jumped 13 percent to $170,000. Read More
According to the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in January 2012 were at a seasonally adjusted annual rate of 321,000. This is 0.9 percent (±16.6%) below the revised... Read More
Based on data compiled by STR and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for January 2012. Read More
Based on the latest National Association of Realtors quarterly commercial real estate forecast released today, all of the major commercial real estate sectors are seeing improved fundamentals, ... Read More
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