Refunds Offered on Trump Soho
Faced with lawsuits from angry buyers, the developers of Trump Soho in New York are offering partial refunds to buyers who agree not to join the legal actions. Read More
MAIN PAGE | ARCHIVED STORIES | Kevin Brass
Kevin Brass has spent more than a decade chronicling the global real estate business for the International Herald Tribune and New York Times. His popular International Herald Tribune blog, “Raising the Roof,” was named one of the Top 20 real estate blogs in the world by NuWire Investor. A frequent speaker at industry events, Kevin’s features and analysis have appeared in a wide variety of publications, including the Los Angeles Times, NWA World Traveler, TravelAgeWest, San Diego Magazine and Hispanic Business.
In 2008 GlobalEdge named Kevin one of the 100 most powerful property journalists in the world.
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China Clamps Down on Foreign Ownership of Property
Hoping to slow down speculators, China this week imposed new restrictions on foreign ownership of property. Read More
U.S. Commercial Markets Enter 'Twilight Zone' in 2011
Urban Land Institute senior fellow Stephen Blank told a group in Philadelphia this week that next year will develop as the "era of less, the Twilight Zone" for commercial real estate in the United States.Blank was presenting the results of... Read More
Luxury Properties Still Selling in Hong Kong
Despite government efforts to dampen the market, buyers are still gobbling up luxury properties in Hong Kong. Read More
London Property Prices May Jump, Predicts Savills
After a dip in 2011, prices for houses in central London should jump by 33 percent by the end of 2015, Savills Research predicts. While much of the U.K. will continue to struggle, Read More
Era of Bulk Condo Sales May Be Over in Miami
The days when institutional buyers could swoop into Miami and gobble up hundreds of distressed condo units in one deal may be over. "Bulk deals in Greater Downtown Miami are just about as extinct as the residential construction crane," Read More
Trump Name Off Ft. Lauderdale Condo Project
Donald Trump says hTrump Ft. Lauderdale e is no longer involved with a controversial Florida tower development which bore his name.The Trump International Hotel & Tower planned for Ft. Lauderdale, billed as a "signature Trump development," is in foreclosure. And... Read More
Emerging Markets Lead Global Commercial Real Estate Recovery
Demand for commercial property in Europe is growing, but it's emerging markets leading the recovery, according to the latest survey by the Royal Institution of Chartered Surveyors. Data points to a "two speed" recovery, the RICS says. Emerging Asia and Latin America led the way in the third quarter, in particular China, Hong Kong, Brazil and Singapore. Read More
NAR, ICREA Part Ways
The National Association of Realtors, one of the founding members of the International Consortium of Real Estate Associations, is resigning from the group, effective December 31, 2010.NAR members had "limited access to global tools through ICREA," NAR senior vice president... Read More
Las Vegas Luxury Market Shows Signs of Life
Although the overall Las Vegas market is still struggling, high-end homes continue to sell, a luxury specialist says. Read More
Canadian Realtors Settle Dispute
After years of negotiations and threats, the Canadian Real Estate Association has dramatically reworked its policies to settle anti-competition charges.Under the new bylaws, sellers will be able to pay a broker a flat fee to list their homes on the... Read More
Mexico Developer Finds Success in Condo-Hotel Business
While many hotel-condo developments around the Caribbean and Central America flounder, a developer in Playa del Carmen, Mexico, is finding success with the much-debated model. Read More
Artificial Islands Project Launched in Panama
Panama president Ricardo Martinelli this week officially launched a project to build two artificial islands for a luxury home development off the coast of Panama City. Read More
Spain's Golf Course Home Prices Slashed by 50 Percent
Apartments bordering golf courses in the once fast-growing Murcia region are selling for a 50 percent discount from peak prices, Bloomberg reports. Read More
Proposed Belize Cruise Port Gains Opposition
Local development and tourism groups are lining up to fight a proposed cruise ship terminal near Placencia, a quiet village on the central coast of Belize. In a public meeting last week, members of the Placencia Village Council, Placencia Tour Guide Association and the Placencia chapter of the Belize Tourism Industry Association Read More
Dubai's Burj Khalifa is Still World's Tallest Building, Remains 90 Percent Vacant
Nine months after Burj Khalifa opened with a massive fireworks and light show, 90 percent of the apartments in the world world's tallest building are empty, a Dubai agent says. With only about 75 of the 900 apartments in the tower occupied, Read More
World's Most Expensive Home Completed, Valued at $1 Billion
A 27-story single-family residential tower recently finished in Mumbai almost certainly vanquishes all pretenders to the throne of world's most expensive private home, with a price tag estimated at somewhere close to $1 billion. Read More
Abu Dhabi's Eco-City Plans Are Downsized
After what officials described as a "comprehensive" project review, several flashy elements have been dropped from plans for Masdar, the ambitious eco-city under construction in Abu Dhabi. Read More
Latin Americans Are 'New' Foreign Buyers for Luxury Manhattan Properties
South Americans are replacing Middle East investors and Russian oligarchs as key real estate buyers in New York City, agents say. International buyers usually account for anywhere from 10 to 15 percent of property buyers in the city, Read More
U.S. Commercial Real Estate is New Target of Global Investors
The amount of global capital targeting commercial real estate is expected to jump in the next year, with the U.S. the biggest recipient, a new report says. DTZ Research estimates $281 billion will be available for investment in commercial real estate purchases in 2011, ... Read More
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