Developer Implode
Welcome to Developer Implode
We all know the world business climate is faced with challenging economic times today and the experts all warn of more to come. The daily headlines are filled with bailout news for the bankers, insurance companies, auto industry and homeowners faced with foreclosure. The oil sheiks, Wall Street investment bankers and real estate makers are all facing a tough road ahead to climb back up to the multi-billion dollar profits they made in previous years.
While the economy was great, there were plenty of real estate developers - many were able to print money, with no shortage of eager buyers. Now, many of those same eager buyers are bailing on pre-construction deals they made during those silly times. Sophisticated sales launches for new condominium and high-rise projects are now being reinvented with new incentive gimmicks and auctions, to reduce existing housing inventories.
The mission for Developer Implode is to help us keep track of the various real estate projects in our communities. We hope to keep our readers informed on all those large holes in the ground, hiding behind the construction fencing hung with the beautiful renderings of what is to come.
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The Latest RSS World Headline Real Estate News
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Tishman Speyer's deal for Stuyvesant Town and Peter Cooper Village, which was the biggest real estate deal at the time, may end up in bankruptcy, the News Hub panel reports.
Existing-home sales plunge in December, dropping lower than expected after three straight increases that were fed by a fat government tax credit. Dow Jones Newswires' Dawn Wotapka and Kathleen Madigan discuss what the latest figures say about the state of the U.S. housing market.
Homeowners looking to go 'green' may think that means installing pricey solar panels or wind turbines. But new, efficient showers, faucets and toilets can save thousands of gallons of water a year -- and the cost savings add up. Amy Hoak reports.
Times have changed, and the square footage of new American homes is dropping. Super-sized homes are out, and efficiency and versatility are in. MarketWatch's Amy Hoak reports on the latest building trends.
Dave Blitzer Chairmen of the Index Committee at S&P speaks to Kelsey Hubbard about the latest S&P Case-Shiller home-price indexes.
