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http://www.news.relocation-referral-network.org//9-%post-id%.htm#commentsFri, 10 Nov 2006 20:11:06 +0000Petehttp://www.news.relocation-referral-network.org/commercial-properties/9-%post-id%.htmVegas Developers Draw Wild Card: Spiraling Costs Rising construction costs are prompting some Sin City Strip developers to hedge their bets and scale back. As the NYSE Builds a Fortress, A Neighbor Calls It Bad Business Few businesses have installed as many visible security measures since the 2001 terrorist attacks as the New York Stock Exchange. Now, one of its landlords, Vornado, says things have gotten out of hand and is demanding the Big Board fix the situation. Dublin Docklands Are Doing Dandy And Are a New Cosmopolitan Hub Ireland’s sizzling economy has fueled a building boom that is transforming the look of the largely low-slung region. Silverstein Can’t Collect Funds For WTC Redesign, Judge Rules A bid by the World Trade Center leasee for nearly $700 million in additional insurance payments to cover post-9/11 safety improvements has been rejected. Houston’s Midtown Vision Falters As Redevelopment Project Lags A group of locals have touted the urban promise of the city’s Midtown for two decades, but more than half of its 475 blocks are yet to be redeveloped. Some Builders Feel Heat From Holders, Lenders Many are suffering declining profits and sluggish sales. But some companies are experiencing more serious hurt — including pressure from activist shareholders, increasingly nervous banks and large layoffs. Low Office Prices Draw Buyers in Indianapolis Down-to-earth prices in the sector attract investors weary of sticker shock in bigger cities. A comparatively diversified economy has helped cushion the blow from losses in the city’s manufacturing sector.
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http://www.news.relocation-referral-network.org//8-%post-id%.htm#commentsTue, 12 Sep 2006 17:37:55 +0000Petehttp://www.news.relocation-referral-network.org/commercial-properties/8-%post-id%.htmCorus Is Bullish on Condo Market; Invests Heavily in the Sector The bank has become one of the nation’s most aggressive condominium lenders even as others cut back in the face of a slowing housing market. Clinton Library Has Spurred An Upturn in Little Rock The Clinton Presidential Center in Arkansas has helped transform an industrial stretch of riverfront in the capital city and has jumpstarted a downtown transformation. Architects Unveil Designs For Towers at WTC Site Three new plans were revealed for the remaining office towers to be built at the World Trade Center site. The largest is a 78-story tower with a roof sliced into four diamond shapes. Bankers and Regulators Clash Over Surge in Real-Estate Loans Regulatory agencies are trying to hit the brakes on commercial lending, a move that has sparked protests from community bankers. Tougher guidelines could make it harder for small businesses to get loans. Mills Corp.’s Lenders Approve Sale Of Vaughan, St. Enoch, Xanadu The shopping mall real-estate investment trust expects net proceeds of about $500 million from the sale, which it intends to use to pay down a portion of its debt. Film Examines the ‘Gherkin,’ A Controversial Building in London An unusual movie by Mirjam von Arx shows the evolution from the early stages through construction of a recent high-profile London landmark, the Swiss Re building. Londoners are beginning to accept and even like, the 594-foot-tall, pickle-shaped structure. China Explains Rules to Temper Foreign Investment in Property The Chinese government published details of real-estate regulations aimed at overseas investors, even as one of the largest transactions yet in the country was announced.
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http://www.news.relocation-referral-network.org//7-%post-id%.htm#commentsMon, 10 Jul 2006 20:28:20 +0000Petehttp://www.news.relocation-referral-network.org/commercial-properties/7-%post-id%.htmGovernment Offices to Be Anchor In the New World Trade Center The federal government will be the Freedom Tower’s big tenant, reprising the public-sector role that allowed the original project to be built. WTC Developer Asks Court To Make Insurers Uphold Deal Larry Silverstein seeks to prevent insurance companies from backing out of billions in payments following a recent reshuffling of the World Trade Center’s rebuilding plan. Northern Virginia Development Soars as Metro Area Sprawls A gusher of spending by the Pentagon and other federal agencies is driving a strong and expanding commercial real-estate market in Washington, D.C.’s backyard. Socially Responsible Investing Makes Headway in Real Estate A movement to encourage ’socially responsible’ investment in real estate is gaining popularity, focusing in part on how investors can be more environmentally sound in the way they run their building portfolios. Office-Vacancy Rate Declines, Propelling Rents 2.1% Higher In the second quarter, the vacancy rate in 72 markets was 13.8%, allowing landlords to raise rents. New York had the greatest effective-rent growth with a 3.9% increase. Architect Unveils New Design For Freedom Tower at WTC The latest plans for the skyscraper to replace the World Trade Center includes a 20-story concrete base with thousands of glass prisms, landscaped plazas with museum-size steps and a fountain with a glass base. Office Prices Hit the Stratosphere In London’s Swanky West End The area boasts the world’s most expensive commercial real estate offering Victorian buildings that have become coveted addresses for media firms and hedge-fund managers.
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http://www.news.relocation-referral-network.org//6-%post-id%.htm#commentsThu, 08 Jun 2006 21:21:06 +0000Petehttp://www.news.relocation-referral-network.org/index.php/archive/6/Cendant Starts Selling Spinoff As Air Leaks Out of Market The president of the conglomerate’s real-estate business, newly renamed Realogy is introducing investors to his operation, scheduled to be spun off in late June as part of a planned breakup of the company. Naples-Fort Myers Area Expansion Fuels Commercial Property Boom The cooling residential market is curbing condo conversions in this southwest Florida region, but the population explosion is driving strong retail, office and apartment-rental sectors. New Office Spaces May Produce A Real-Estate Glut in Wilmington Just 30 miles south of Philadelphia, four commercial buildings are under construction in this Delaware city’s downtown. The question: How quickly can all these spots be filled? American Financial Realty Prompts Talk of Asset Sale, Dividend Cut The struggling real-estate investment trust canceled a presentation to a big industry conference, prompting one analyst to speculate it is contemplating a ’significant strategic event’ that could include a major asset sale. College Housing Attracts Interest from Singapore The Asian government’s search for profitable real-estate investments has led it to the U.S. GIC Real Estate Pte. Ltd. is pouring $300 million into a small Philadelphia-based developer, Campus Apartments Inc. Brookfield Agrees to Buy Trizec in $8.9 Billion Deal The Toronto-based company will purchase the office real-estate investment trust for $8.9 billion. Private-equity firm Blackstone Group is also taking a stake. Mills Asks Suitors to Step Forward by June 13 The real-estate investment trust has emerged from months of near-silence to tell analysts and investors that its exploration of ’strategic alternatives’ is on track and that the $1.2 billion Xanadu project would be delayed by as much as a year.
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http://www.news.relocation-referral-network.org//5-%post-id%.htm#commentsTue, 06 Jun 2006 17:20:57 +0000Petehttp://www.news.relocation-referral-network.org/index.php/archive/5/Mills Asks Suitors to Step Forward by June 13 The real-estate investment trust has emerged from months of near-silence to tell analysts and investors that its exploration of ’strategic alternatives’ is on track and that the $1.2 billion Xanadu project would be delayed by as much as a year. Champion REIT Sinks 16% On First Day in Hong Kong The company’s performance reflects waning interest in real-estate investment trusts for investment purposes. Further interest-rate rises may encourage investors to switch to fixed-income vehicles for investing instead. Home Builders Predict Lower Profits This Year Ryland Group cut its 2006 earnings outlook again citing a 35% drop in home sales for the current quarter. Toll Brothers, whose focus is the luxury market, slashed its 2006 fiscal-year forecast. College Housing Attracts Interest from Singapore The Asian government’s search for profitable real-estate investments has led it to the U.S. GIC Real Estate Pte. Ltd. is pouring $300 million into a small Philadelphia-based developer, Campus Apartments Inc. Brookfield Agrees to Buy Trizec in $8.9 Billion Deal The Toronto-based company will purchase the office real-estate investment trust for $8.9 billion. Private-equity firm Blackstone Group is also taking a stake. Cendant Starts Selling Spinoff As Air Leaks Out of Market The president of the conglomerate’s real-estate business, newly renamed Realogy is introducing investors to his operation, scheduled to be spun off in late June as part of a planned breakup of the company. Naples-Fort Myers Area Expansion Fuels Commercial Property Boom The cooling residential market is curbing condo conversions in this southwest Florida region, but the population explosion is driving strong retail, office and apartment-rental sectors.
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http://www.news.relocation-referral-network.org//4-%post-id%.htm#commentsTue, 06 Jun 2006 17:20:37 +0000Petehttp://www.news.relocation-referral-network.org/index.php/archive/4/Home Improvements to Avoid When Selling Your House Watch out for these remodeling mistakes if you want an edge over other sellers in an iffy market. While some fixes can gain you money upon resale, these ’seven deadly sins’ may cost you twice. Homeowners Love Cul-de-Sacs, Planners Say They’re Perils A popular feature of suburbia is under attack as hundreds of local governments pass ordinances to limit these dead-end roads or even ban them in the future. Popular Trusts May Shield Profits Made During Housing Boom Investors are turning to a complex tax-saving technique to defer capital-gains taxes on highly appreciated properties while also generating a stream of income. However, skeptics say some arrangements might be too aggressive under allowable rules and might not generate all the benefits some promoters claim. Investing in ‘Hot’ Markets Like Phoenix Without Getting Burned June Fletcher on whether buying investment condos in cities like these are still a good idea, and how to hedge your risk if you plan to buy. Open-House Blog: What’s Next For the Real-Estate Market? This week’s survey of news from across the Web looks at where home prices might rise in the next decade, where sales are sluggish, and one trend that has car enthusiasts buying condos for their vehicles. Home Prices Up 12.5% in 2005, But Rise Just 2% in First Quarter Despite double-digit increases in the housing market last year cooling was evident in the first quarter of 2006 as the hottest cities slumped, according to a report from The Office of Federal Housing Enterprise Oversight. Canine Mutiny: Dog Owners Fight Insurers Over Insurance Practice Pet lovers are biting back against a growing trend in which homeowners’ policies are refused for people who own certain breeds. At least nine states have bills in the works to protect consumers.
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http://www.news.relocation-referral-network.org//3-%post-id%.htm#commentsTue, 06 Jun 2006 17:20:02 +0000Petehttp://www.news.relocation-referral-network.org/index.php/archive/3/Breaking Ground: West Caicos Reserve and the Snake River Sporting Club An island that has been uninhabited since the late 19th century is being remade as a resort and residential development. NICK KAYE An Appeals Court Setback for Critics of Atlantic Yards A state appeals court reversed the disqualification of a lawyer who had advised both the developer and a state agency that is reviewing the project. NICHOLAS CONFESSORE Streetscapes | Fieldston, the Bronx: A Leafy, Scenic Enclave, and Now a Landmark Some homeowners were opposed to landmarking because the landmark designation restricts what they can do with their property. CHRISTOPHER GRAY What You Can Rent for $1,000 Yes, you can find a nice one-bedroom for a reasonably modest amount, although it probably won’t be in Manhattan. CLAIRE WILSON National Perspectives: Sprawl Outruns Arizona’s Biosphere The Biosphere was designed to simulate the Earth’s environment. By succumbing to sprawl, it may have done just that. FRED A. BERNSTEIN Mightier Than the Board When it comes to buying a co-op, thoughtful, truly personal letters of recommendation can get you in, and ill-considered letters may keep you out. TERI KARUSH ROGERS Havens | Lewisburg, W. Va.: Kayaking and Martinis: An Alleghenies Getaway A place where you can start the day kayaking down the Greenbrier River and end it listening to a jazz concert. AMY GUNDERSON In the Region | Long Island: Fighting Town Hall on Assessments Hundreds of residents of the town of Southampton have tax grievances, many because their property value assessments have doubled. VALERIE COTSALAS Your Home: Keeping Mosquitoes From Ruining the Fun Here are some strategies for dealing with one of nature’s most annoying pests. JAY ROMANO National Perspectives: How a Park Changed a Chicago Neighborhood Millennium Park has helped create a mixed-use, round-the-clock neighborhood that includes office, residential, entertainment and open space. ROBERT SHAROFF Havens | Joseph, Ore.: Rugged, Western and Still a Bargain For the growing number of urbanites buying second homes there, Joseph, Ore., is an unbeatable place to hide. MATTHEW PREUSCH Big Deal: Mandy Patinkin Makes a Move After 28 years in the same rented apartment on the Upper West Side, the actor Mandy Patinkin and his wife, the actress Kathryn Grody, are planning a move. WILLIAM NEUMAN Streetscapes: When a Garden Sprouted at Park Ave. and 67th St. The history of the Sulgrave and the fate of the Astoria. CHRISTOPHER GRAY Posting: A Home-Court Advantage On June 8, John Starks, a former star guard for the New York Knicks, will take to the newest court in Brooklyn. JEFF VANDAM Living Here: Sand in Our Shoes Condos on Kiawah Island. As told to AMY GUNDERSON Q & A: All for One, One for All Q I own a condominium in New Jersey. The condo association is assessing owners $1.5 million to rebuild the terraces. Since my apartment does not have a terrace, can I avoid paying the assessment? … Lewis Frank, West Milford, N.J. Martha Stewart Paid $81,000; Now It’s $9 Million Turkey Hill was just another road in Westport, Conn., when Martha Stewart moved there in 1972. Now, her old farmhouse is for sale. AVI SALZMAN In the Region | Westchester: Melding Victorian and Brutalist Styles The Hudson River Museum, which features two distinct architectural styles, is being renovated. ELSA BRENNER Sketch Pad: Opening Up a Duplex, Letting the Sunshine In In her design, Wendy Evans Joseph casts away all thoughts of furniture and flowers and digs deep into the space. TRACIE ROZHON Square Feet: An Old Textile Center, Refashioned for Luxury Norwich, Conn., seems to be experiencing a reversal of fortunes as developers convert its old mills and hotels to luxury apartments and open stores. C. J. HUGHES In the Region: Today, Homeownership Is Next to Godliness Churches serving minority communities are helping people who, though financially capable of buying a home, are unsure of how to go about it. LISA PREVOST In the Region | New Jersey: Bringing Life to a Factory Graveyard Extreme Makeover: Citywide Edition. It is not a reality show concept yet, but the city of Orange is certainly running with the idea. ANTOINETTE MARTIN Rentals Are Strong, and the Rich Keep Buying Because of rising mortgage rates, would-be first-time buyers are renting instead. STEPHANIE ROSENBLOOM Square Feet: Recycling a Big Urban Navy Yard A Philadelphia tract offers a suburban campus feel with city advantages and drawbacks. LISA CHAMBERLAIN Second Homes That Put Ecology First A combination of good intentions, guilt and the quest for bragging rights spur owners of second homes to go green. SARAH TUFF Breaking Ground: Capella Pedregal and the Cliffs at Mountain Park New development projects in Mexico and South Carolina. NICK KAYE The Hunt: Life Lessons, Welcome or Not As they hunted for a rental in the East Village, a young couple felt real estate agents were determined to teach them a lesson: he who hesitates is lost. JOYCE COHEN Habitats | Upper West Side: Turning Cramped Into Classy on an Even Tighter Budget A Manhattan couple uses a computer-aided design program to see how they might elegantly and efficiently renovate potential living spaces. DAN SHAW Habitats | Tuxedo, N.Y.: A Gift That Changed a Family’s Life Most gifts don’t change the course of a life. Then again, most gifts don’t consist of a house. CELIA BARBOUR LeFraks Envision Even Bigger Skyline Across Hudson The family that owns more than a third of the high-rise skyline that has grown up along Jersey City’s once dilapidated waterfront is looking to the future. CHARLES V. BAGLI The Hunt: It’s No Fun if You Can’t Negotiate It is important to know when to insist and when to cave. JOYCE COHEN Black and Hispanic Home Buyers Pay Higher Interest on Mortgages, Study Finds Among subprime borrowers with similar credit ratings, blacks and Hispanics were 30 percent more likely than whites to be charged the highest interest, the study says. ERIK ECKHOLM
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