General News
June 22, 2009 - Home Builders Nationwide
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| Land Deals Help Builders Stay Alive |  |
June 17, 2009 - FHA Approval for Condominium Projects, Nationwide
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Condos Vie for the Good House-Lending Seal of Approval As Sales Slump, Developers Tout Backing From FHA, Which Helps Buyers Qualify for Lower Down Payments |
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June 15, 2009 - Chicago Commercial Real Estate Market
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Is it time for the vultures in Chicago Commercial Market? Real estate developers around Chicago are raising money — not to build new projects, but to snap up distressed ones on the cheap. |
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June 13, 2009 - Neverland, Los Olivos CA
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Economic Reality Prompts a Makeover at 'Neverland' Investors Refurbish Michael Jackson's Estate; No More Orangutans |
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June 13, 2009 - New Development Projects, Nationwide
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New Rail Lines Spur Urban Revival So-called transit-oriented developments, along with downtown revitalization plans, tap into a move toward more pedestrian-friendly, urban-style living. |
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June 9, 2009 - Commercial Construction Projects, Boston MA
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| Waterfront Ambitions Rise in Boston |  |
June 7, 2009 - Benderson Development Co, Buffalo NY
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Benderson buys back several plazas in Buffalo at a discount Benderson Development Co. is buying back eight local shopping plazas, plus three more in other parts of New York, from Developers Diversified Realty Corp. |
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June 4, 2009 - Senior Housing Projects, Scottsdale AZ
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Senior housing projects at home in north Scottsdale 3 projects to open by early 2010 |
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Arte senior living apartments |
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June 2, 2009 - The Cali Baja Bi-National Mega-Region, California and Mexico Border
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Clearing a Path for Development at the U.S.-Mexico Border In the last year, economic development officials and local elected leaders in San Diego County, Baja cities in Mexico and the sprawling Imperial Valley about 90 miles to the east have used a grant of $220,000 of government and private seed money for an initiative aimed at turning this area into a global powerhouse for commercial growth. |
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May 31, 2009 - Meritage Homes, Scottsdale AZ
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Meritage Homes reinvents itself to survive Home builders who three years ago were selling new homes at record prices must now overhaul their entire operations to survive. |
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May 29, 2009 - Capitol Cove Condominiums, Johnson & Wales University, Providence RI
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| Empty Condos Give Universities New Dorm Space |  |
May 28, 2009 - Beekman Tower - Developer Bruce C. Ratner, New York NY
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Savings on Labor Allow Work on Residential Skyscraper to Resume Two months ago, work stopped abruptly at the 37th floor of the 76-story Beekman Tower as the developer Bruce C. Ratner desperately sought to cut costs on the project, a glass and stainless steel apartment building in Lower Manhattan. |
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May 27, 2009 - Schuck Corporation - TransPort, Aurora CO
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| Developer Announces Plans for $200M Aurora Raceway |  |
May 26, 2009 - MGM CityCenter, Las Vegas NV
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Building It Big in Las Vegas The ravages of the recession are visible in this gambling city, but one of the largest privately financed developments in the United States — an $8.5 billion city within a city called CityCenter — claims to be on schedule to open this year. |
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May 26, 2009 - Closed Auto Dealership Buildings, Nationwide
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Developers see opportunity in car-dealer lots GM, Chrysler woes may spur stores, hotels |
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May 23, 2009 - Hot Housing Market, Phoenix Arizona
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| Amid Housing Bust, Phoenix Begins a New Frenzy - A Hot Market in Foreclosed Homes |  |
May 18, 2009 - Donald Trump, New York NY
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Trump on Trump: Testimony Offers Glimpse of How He Values His Empire Worth Rises, Falls 'With Markets and Attitudes And With Feelings, Even My Own Feeling' |
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May 12, 2009 - The Westin Jersey City Newport and the W Hoboken Hotel, New Jersey
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| Contrarians Stand Tall in New Jersey |  |
May 4, 2009 - Housing Market Update
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Where Home Prices Crashed Early, Signs of a Rebound Is this what a bottom looks like? Are we on the bridge to recovery? |
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April 29, 2009 - Oil Nut Bay Development, British Virgin Islands
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Some Nations Make It Easier for Nonresidents to Buy Property Governments Loosen Restrictions to Stimulate Local Economies; International Resort Developer Gets a Boost |
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April 25, 2009 - Home "staging" - Nationwide
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There's No Place Like (Someone Else's) Home To Help Sell Houses, Temps Are Moved In; Hanging Baby Photos |
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April 22, 2009 - HB Equities, USA Basketball, Mountain Shadows Resort, Glendale AZ
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| Developers get $1.2B from rural county for USA Basketball, Main Street Glendale and Mountain Shadows Resort in Paradise Valley |  |
April 18, 2009 - Carleton Sheets, Stuart FL
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When the Real Estate Game Cost $9.95 Depending on your luck & outlook late-night infomercials on real estate is either a good news or bad news story......... |
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April 17, 2009 - Franck Ruimy & Arium Properties, New York NY
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| CLOSE your eyes, click your heels, and repeat, “It is a good time to be in real estate.” |  |
April 10, 2009 - Commercial Real Estate Energy Alliance - Department of Energy, Washington D.C.
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| Department of Energy and Commercial Real Estate Executives Launch Alliance to Reduce Energy Consumption of Buildings |  |
April 10, 2009 - Babcock Ranch - Developer Kitson & Partners, Babcock Ranch FL - Northeast of Fort Meyers
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Developer shrugs off recession, plots all-solar Fla. city A new city will be powered by solar energy -- and cost the average Florida Power & Light customer about 31 cents a month. |
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April 9, 2009 - Regent Square project - GID Urban Development Group, Houston TX
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| Houston City Council OKs deal to boost $850 million development |  |
April 8, 2009 - Pulte Homes Inc. and Centex Corp., Bloomfield Hills MI
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| Pulte Homes to Buy Centex for $1.3 Billion in Survival Bid |  |
April 5, 2009 - Flowrider by Wave Loch - Available in Several American Malls Now, La Jolla CA
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Malls Test Experimental Waters to Fill Vacancies In these desperate days in American retailing, mall owners are seizing on a new gimmick: wave-making machines. |
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April 3, 2009 - Korean Air - Thomas Properties Group, Los Angeles CA
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South Korean firm unveils plans to put its stamp on L.A. skyline Conglomerate Korean Air proposes building a pair of high-rises to replace the aging Wilshire Grand hotel. The project would cost $1 billion. |
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Update Story - June 6, 2009 |
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April 1, 2009 - Hancock Tower - Normandy Real Estate Partners and Five Mile Capital Partners, Boston MA
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Half-Price Sale: Boston's Hancock Tower Tower sold for $660.6 million, half the price paid by real-estate private-equity firm Broadway Partners three years ago. |
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March 31, 2009 - Construction Trade Unions, New York NY
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| Deal to Cut Costs Is Close For Builders and Unions in New York City |  |
March 31, 2009 - 1101 K Street - JBG Cos. and Rockwood Capital LLC, Washington D.C.
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How the Developers of 1101 K St. in D.C. Got a Loan -- and Rest
It wasn't easy......... |
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March 29, 2009 - Developer Jim Carr, Cooper City FL
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Developer Scales Back Mixed-use plan for Cooper City site gives way to vision of fewer homes "I think this is a blessing in disguise," said resident Angel Palank. "It will give us a breather to let us plan something better." |
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| Developer Jim Carr stands where he plans to develop homes on land he took over after the previous developer filed for bankruptcy in Cooper City FL | |
March 27, 2009 - Irongate Developers, Jersey City NJ
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Signs of Life in the Housing Market There are cranes in motion at several large residential sites in New Jersey, despite something close to paralysis in the housing and mortgage markets. |
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March 26, 2009 - Spanish development company Taylor Woodrow de España, Spain
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Developers Reconsider Partial Ownership Model More than a million new houses sit empty and unsold in Spain, according to industry estimates. |
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March 25, 2009 - Bruce Becker Developer, New Haven CT
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The Yale Effect Spreads Out While many large-scale developers are pulling back as they wait for the credit markets to ease up, Mr. Becker is moving his $180 million project along so fast that it is ahead of schedule. |
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| Bruce Becker Developer | |
March 25, 2009 - Developers Turning To Cities For Aid
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| While some of the country's largest corporations are looking to Washington for bailout relief, some small real-estate developers are reaching out to local governments for help in moving forward with high-profile projects. |  |
March 24, 2009 - Gatehouse Capital Developers for The W Hollywood Hotel & Residences, Hollywood CA
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Hollywood Marketing Pitch: Bring the Junkets Back Selling Condominium Hotel units at $800+ a foot and filling rooms at Hollywood and Vine
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| Marty Collins, chief executive of Gatehouse Capital | |
March 20, 2009 - WINK's - Women with Income and No Kids...........They are everywhere!
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WINKs Lead Wave of Future Buyers........ Women & Income & No Kids |
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March 18, 2009 - San Quentin State Prison and California Budget Troubles, Sacremento CA
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San Quentin Seen as a Hot Property California Lawmakers Hope Prison by the Bay Would Fetch as Much as $2 Billion 432 waterfront acres includes exercise yard |
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March 16, 2009 - Saadiyat Island - Tourism Development and Investment Company (TDIC), Abu Dhabi UAE
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Saadiyat Island marks major milestones in 2009 TDIC has achieved significant progress on all of its current developments on the 27-square kilometre island situated offshore the UAE capital which is being transformed into a signature leisure, residential and cultural destination. |
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March 11, 2009 - Gaylord Hotel and Convention Center, Mesa AZ
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Mesa Arizona voters approve Gaylord Hotel and Convention Center deal by wide margin |
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March 11, 2009 - Willis Tower - in Chicago?
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| The most closely watched leasing saga in the Chicago office market this year is moving into the final innings and it could end with a home run for North America's tallest building, the Sears Tower - could it be The Willis Tower? |  |
March 3, 2009 - Quarry Falls - Sudberry Properties Developer, San Diego CA
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San Diego Reinvents a Fading Quarry Despite the national economic woes, the Quarry Falls project is among the redevelopment efforts moving forward in a city that began its own economic recovery under a new mayor, Jerry Sanders, in 2005. |
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| Jerry Sanders, the mayor of San Diego, has overseen a turnaround that has helped restore the city’s fiscal health and encouraged new development. | |
March 3, 2009 - Developer Ted Raymond - Raymond Property - Government Center Garage Site, Boston MA
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Despite political and economic headwinds, Boston developer Ted Raymond is plowing ahead with his plan to build a pair of skyscrapers as part of a $2.2 billion development on the current site of the Government Center Garage. |
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March 1, 2009 - Trump Waikiki Condominium Hotel, Honolulu HI
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Trump tower may triumph Ultra-luxury Waikiki condotel nears deal-closing without being derailed by economic tailspin |
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March 1, 2009 - South Weymouth Naval Base - LNR Property Company, Weymouth MA
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Still waiting for takeoff Economy is latest challenge for LNR in quest to develop former air base in Weymouth. While progress has been slow, LNR is well positioned to tackle such complicated, long-range projects. |
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Update April 2, 2009
Update May 31, 2009 |
In the Summer of 1944, six blimps flew out of South Weymouth and completed the first crossing of the Atlantic. These airships became the first "Blimp Barrier" in the Mediterranean, flying anti-submarine patrols around the Straits of Gibralter. |
February 27, 2009 - Developer Erez Itzhaki project Modern 23, New York NY
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Team of Rivals Mr. Itzhaki has decided to try a new sales approach, and find the brokerage equivalent of Yul Brynner, Steve McQueen, James Coburn and Charles Bronson in “The Magnificent Seven.” |
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February 27, 2009 - Developer Tim Mahoney - Waldorf Astoria, Philadelphia PA
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$420M Waldorf Astoria moving forward as planned In spite of the condo and overall residential market being in the tank, developer Tim Mahoney is forging ahead with a proposed $420 million Waldorf Astoria Hotel and Residences that will be constructed at 1441 Chestnut St. across from City Hall. |
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February 27, 2009 - Real Estate Marketing Adjectives
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Adjectives Get Evicted: Gone - "Trophy Property", 'No Expense Spared", "Luxury Couture Living"...........can we please get rid of Nestled! |
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| Now, buyers like Scott and Lainie Gutterman look for a “differentiator.” | |
February 27, 2009 - "Seminar Marketing", New Jersey
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A Free Lunch, and Free Advice: Why it is a good time to buy, and how to best to finance their purchase. |
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February 24, 2009 - Cogeneration Plants, New York NY
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Towers in Manhattan Gather Heat for Power
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February 23, 2009 - United Arab Emirates, Dubai
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Dubai Gets $10 Billion Bailout to Ease Debt |
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January 27, 2009 - Medical Office Buildings - Commercial Real Estate Story
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A Nice, Staid Corner of Real Estate: Medical Offices Some investors believe that at least one sector — medical office buildings — might serve as a crutch, as it has in past economic downturns. |
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January 27, 2009 - Commercial Real Estate Story
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Cash-Hungry Companies Turn to Leaseback Deals |
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January 26, 2009 - Jon Peterson - Developer Aloft Hotel National Harbor, Hyattsville MD
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National Harbor Hotel Developer Is Unfazed by Gloom |
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January 22, 2009 - Colorado Bankers Association, Denver CO
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Colorado bankers outline rescue plan for commercial real estate developers unable to secure long-term financing because of the economic downturn |
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January 19, 2009 - Las Vegas Strip Projects, Las Vegas NV
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MUZZLED BOOM Analysts see little new Strip development for decade after current projects completed.........Good News: Projects are still under construction and the pipeline has shrunk considerably |
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| Wynn Resort's $2.3 billion Encore opened on December 22. | |
January 17, 2009 - D.R. Horton and actor Verne Troyer, Las Vegas NV
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D.R. Horton to hold 'short' sale Developer hires actor to make point of event |
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January 16, 2009 - Developer Janna Bullock, New York NY
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She Fixes the Stoop to Conquer Even in a down real estate market, a town house with curb appeal can still sell. |
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January 13, 2009 - Developer Joseph Moinian, New York NY
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An Owner of Towers Walks a Tightrope With Wall Street hemorrhaging jobs and the commercial real estate industry poised to take a big fall, this might not seem the ideal year to be completing a luxury hotel and condominium building near the World Trade Center. |
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| Mr. Moinian’s property 180 Maiden Lane in Manhattan | |
January 11, 2009 - KSL Resorts, Encinitas CA
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Big-thinking developer thinking bigger KSL seeks to double condominium hotel project |
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January 9, 2009 - New Jersey Real Estate Brokers & Condominium Owners
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At Least the Agents Are Sold Toll Brothers City Living and Metro Homes, Real Estate Broker and Agent Relations Pay Off |
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January 9, 2009 - Jim Anthony, Travelers Rest S.C.
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Luxury real estate developer sets out on new path Jim Anthony, the 65-year-old president of The Cliffs Communities Inc., has a grand plan: "Changing the way America thinks about health care." |
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January 6, 2009 - The Spire - Randy Nichols Developer, Denver CO
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Denver Aims to Ride Out the Recession Developer Randy Nichols is determined and confident his project The Spire will be an ark in Denver to ride out the rough economic seas. |
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January 6, 2009 - Five Star Development, Paradise Valley AZ
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Developer hopes to bait big fish with Bentley.... If you build it, they will come. If you want them to buy it, throw in a free $200,000 Bentley. |
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January 5, 2009 - Marina Blue, Miami FL
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Bulk buyer snags 60 units at Marina BlueA Singer Island-based group has paid nearly $13 million for 60 units at the Marina Blue high-rise across from American Airlines Arena in Miami. |
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January 4, 2009 - Phoenix Homebuilders, Phoenix AZ
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| Home builders get creative amid industry skid |  |
January 2, 2009 - Lobby Art at New York City Condominium Projects, New York NY
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| Artist find new gallery walls to show their expensive art in lobbies selling expensive apartments and condominiums |  |
December 30, 2008 - Christopher Meany - partner with Wilson Meany Sullivan, San Francisco CA
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| When no one wants to finance or buy what you build, the term developer takes on a new definition. |  |
December 27, 2008 - Edith Macefield, Ballard WA
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| People love to point out Edith Macefield’s tiny house in the old fishing village of Ballard and recount how she refused an offer of $1 million from developers who wanted to buy it. |  |
December 26, 2008 - Carruth Building - Trinity Financial, Boston MA
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| Real estate developers ride out the storm - Developers of Dorchester mixed-use building had to change their course when condo market slowed down. |  |
December 25, 2008 - National Park Seminary, Silver Springs MD
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| Developer helps historic National Park Seminary see new life - The new development includes 66 apartments and about 150 condos, townhouses and single-family homes - some built within the large, unique structures. |  |
December 18, 2008 - Century Plaza Hotel, Los Angeles CA
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| The new owner of the Century Plaza hotel has revealed bold plans to demolish the renowned facility and replace it with two sleek skyscrapers containing condominiums, stores, offices and a smaller luxury hotel. |  |
December 12, 2008 - Manhattan Projects, New York NY
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| When marketers and publicists who once saw buyers line up to sign contracts were asked what they now consider a “hot” level of sales, they said they were happy if two or three buyers had signed contracts in the last month or so..... |  |
December 12, 2008 - Mortgage Rates
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| The average interest on a 30-year, fixed-rate mortgage dropped to 5.47 percent this week -- its lowest point in more than four years, according to a Freddie Mac survey. |  |
Fresh Update 12/26/08 - Rates 5.14% |
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December 12, 2008 - RiverWalk Crossings, Jenks OK
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RiverWalk developer Jerry Gordon has a check in hand for $41 million. Phase 2 finally set to begin |
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December 9, 2008 - Boston Mayor Menino, Boston MA
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Menino unveils program to help developers
Boston Mayor Thomas M. Menino announced the creation of a new $40 million loan program designed to aid stalled development projects across the city. |
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Updated 2/05/09 |
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December 5, 2008 - New York Times - Your Money Article
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| Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers. |  |
| December 4, 2008 - Treasury Department, Washington D.C. | |
Treasury Department officials are working on a plan to bolster the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent — a level that home buyers have not seen since the early 1960s. |
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December 3, 2008 - Australia Housing Shortage
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| The Australian population is growing at its fastest pace in almost 20 years, prompting claims by developers that a housing shortage will only intensify. |  |
December 2, 2008 - Shun Tak Holdings, Hong Kong
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| A member of Macau's Ho casino family unveiled preliminary plans to develop a five-star hotel on Macau's Cotai Strip, even as hotel and casino operators there grapple with a slowdown and travel restrictions from mainland China. |  |
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Updated February 11, 2009 |
Pansy Ho |
December 1, 2008 - Mondrian South Beach, Miami FL
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| Morgans Hotel Group unveiled Mondrian Hotel in South Beach today - Over 80% of the 335 Condo Hotel Suites are sold out. |  |
December 1, 2008 - Federal Reserve, Washington D.C.
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| The Federal Reserve's plan to spend $600 billion buying mortgages is driving down lending rates and boosting home affordability, which may signal a 2009 recovery for the battered home-building sector- |  |
| November 28, 2008 - Denver LoDo Development, Denver CO | |
| Developers of buildings under construction in Denver’s LoDo neighborhood are in a great position for two main reasons — they have financing during the global credit crunch and they’re building in one of the city’s most desirable areas. |  |
Denver Four Seasons Above |
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| November 19, 2008 - The Tower Companies, Washington D.C. | |
| The Tower Companies - real estate development firm's employees benefit from Transcendental Meditation Programme |  |