Empty Condos in Ocean City
A housing slump in Ocean City is keeping many condominiums empty. There are currently nearly 1,700 units on the market, and construction companies are building at least 500 new units. via NewsChannel 8
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The 60,000 Dollar Mattress? You Have To Be Kidding
The New York Times today has an article on the newest craze for the big money set. The super deluxe mattresses have 4 and 5 figure prices. Swedish Mattress maker Hastens is offering a 60,000 dollar matttress for sale. Enough said, right?All spring and summer, Hastens has been running an ad in magazines like Elle [...]
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More Subprime Woes to Come (BusinessWeek Online)
BusinessWeek Online - The subprime storm isn't blowing over. On July 10, credit-rating agencies Moody's Investors Service and Standard & Poor's (like BusinessWeek, a unit of The McGraw-Hill Companies ) warned of greater-than-expected losses for bonds backed by subprime loans -- news that helped send stocks tumbling.
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It's rocking…real estate! - Economic Times
| It's rocking...real estate! Economic Times, India - By Nikunj Kedia The total market for real estate in India is estimated at $14 billion and is growing at the rate of 30%; by ???15, it is expected to touch $90 ... |
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Caisse and partners to buy Legacy Hotels
The Legacy Hotels Real Estate Investment Trust , Canada's largest hotel trust with Fairmont and Delta properties, is being acquired for $2.5 billion in cash by the Caisse de depot et placement du Quebec and its ... via The Toronto Star
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Islamic real estate fund to tap into property, infrastructure market - Malaysia Star
| Islamic real estate fund to tap into property, infrastructure market Malaysia Star, Malaysia - KUALA LUMPUR: AmanahRaya Investment Bank Ltd (ARIBL) and Kuwait Finance House (Labuan) Bhd will set up a US$200mil (RM696mil) Islamic Real Estate Fund ... |
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NY State Ranks as Highest Mortgage Closing Costs in the U.S. for the Third Straight Year
RISMEDIA, July 13, 2007??”Bankrate, Inc. announced that New York State is the most expensive location in the country to close a mortgage transaction. The average closing cost in New York is $3,830, compared to Indiana (least expensive state) at $2,339.The survey compared the costs of lender fees, title fees and settlement fees in 51 [...]
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Foreclosure Activity Decreases 7% in June According to RealtyTrac
RISMEDIA, July 13, 2007??”RealtyTrac?® released its June 2007 U.S. Foreclosure Market Report, which shows a total of 164,644 foreclosure filings ??” default notices, auction sale notices and bank repossessions ??” were reported during the month, down 7% from the previous month but still up 87% from June 2006. The report also shows a national [...]
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Reno firm involved in $1.8B deal
"Reno is an increasingly important hub for the entire U.S. This (acquisition) gives us a marketing-leading position in Reno."
Real estate developer DP Partners/Dermody Properties is returning to its entrepreneurial roots. via Reno Gazette-Journal
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