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real estate News Archive 05-Jan-2009
Economic troubles shelve some real estate decisions (BizJournals)As expected, heightened national and global economic turmoil in the fourth quarter of 2008 hurt the local commercial real estate market ? decreasing absorption of vacant space and new construction in most property types, and increasing vacancies and rents.
Locals caught in collapse of "hard money" real estate fund (The Bakersfield Californian)For about 20 years, monthly payments from a Paso Robles real estate investment fund arrived like clockwork. But last year, said Tehachapi resident Jack Girkins, 76, everything stopped cold. Interest payments from roughly $380,000 Girkins and his wife Sharon had invested with the company, Estate Financial Inc., dried up. "It was a good part of our income," he said.
Jacksonville real estate is in for a rough 2009 (BizJournals)Last year was rough for the commercial and residential real estate market, and 2009 isn?t expected to get much better.
REAL ESTATE (Business Standard India)The recession has thrown open the gates for a new real estate service ? serviced office space providers. These firms offer ready-to-use office space, which can be used from day one. Companies seeking office space need not bind themselves to long term leases or invest in office infrastructure.
Residential real estate (BizJournals)It was the year of the bargain hunter in residential real estate in Sacramento. First-time homebuyers snapped up foreclosed homes, investors hoped to capitalize on foreclosure prices and future residential development land traded at steep discounts.
Federal real estate fraud trial set to begin (Naples Daily News)The bubble is finally set to burst. After months of buildup, jury selection for the federal trial of a Fort Myers real estate agent charged with fraud is slated to begin Monday. The case of Samir Cabrera is set in the excesses of an overheated development market in Lee County, just as the bubble of speculation began to deflate.
Daily seminar on real estate at IREIS 2009 show (AME Info)A daily seminar on the real estate sector will be organized during the upcoming IREIS 2009 real estate and investment show due to be held in Abu Dhabi in January, the organizers said today.
Wells Fargo?s shift to impact real estate credit market (BizJournals)The New Year means change for one of the biggest banks operating in Tampa Bay. Wells Fargo & Co. will scale back the commercial real estate lending business it acquired from Wachovia Corp. (WFC) (BAC)
Global guidebook takes Lebanese real estate down a peg in terms of cost (Zawya)BEIRUT: The Global Property Guide's annual report on real estate investment trends around the world indicated that Lebanon ranked in 60th place globally, up from 62nd place in 2007, and 4th among 10 markets in the Middle East & North Africa in terms of "roundtrip transaction costs" (RTCs) which reflects all costs of buying and reselling a residential property, expressed as a percentage of the ...
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