Articles About Residential

Author:
Tom Silva
Posted:
02.05.2010

Middle East Investors See Good Deals Globally

Capital is flowing out of the Middle East and being invested in real estate across the globe, according to Nicholas Maclean, Managing Director, CB Richard Ellis, Middle East. “The outflow of capital from the Middle East to be invested into real estate properties worldwide has been higher than the influx of global capital into real […]

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Author:
Matt Ward
Posted:
01.28.2010

Investors Are Choosing London

London has overtaken Washington, D.C., as the preferred city for commercial real estate investment,  primarily because investors believe that prices have bottomed out and the time to get into that market is now. The British capital has overtaken the previous favorites of Washington, D.C., and New York, according to a survey conducted by the Association […]

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Author:
Mike Ochs
Posted:
01.26.2010

It’s a Renter’s Market

Apartment vacancies in the United States hit a 30-year high during the fourth quarter of 2009 as many would-be renters moved in with family or roommates to save money.  According to Reis, Inc., a New York research firm that tracks vacancies and rents in 79 markets across the country, the apartment vacancy rate was eight […]

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Author:
Mike Ochs
Posted:
01.13.2010

Lloyds Bank Sells Its Halifax Estate Agencies Arm for just $1.60

Apparently, the American housing market is not the only one experiencing difficulties.  In the United Kingdom, Lloyds Banking Group Plc has sold its unprofitable chain of 218 Halifax Estate Agencies, Ltd., a large British residential real estate brokerage firm, to LSL Property Services Plc for just £1 – about $1.60. According to Lloyds, the sale […]

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Author:
Ron Clarkson
Posted:
12.22.2009

Chicago Spire Still May Soar

The Chicago Spire may restart construction, thanks to a group of union pension funds that want to put their members back to work and are in discussions to lend Irish developer Shelbourne Development Group $170 million to complete what would become the nation’s tallest building. The Spire’s construction came to a halt when the global […]

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Author:
Mike Ochs
Posted:
12.09.2009

House Sales, Prices on the Upswing

Home prices nationally are on the rise again, according to a new report issued by the Standard &Poor’s/Case-Shiller Home Price Index. The average sale price rose 3.1 percent during the third quarter of 2009, the same percent increase reported during the second quarter.  On the downside, that statistic is still nine percent lower than the […]

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Author:
Matt Ward
Posted:
12.03.2009

Chicago’s Trump Tower “Grows”, Now Is the World’s Sixth Tallest Building

Chicago’s high-profile skyscraper, the 92-story Trump International Tower & Hotel,  is now the world’s sixth tallest building – a step up from its previous status as the seventh.  The reason?  The Chicago-based Council on Tall Buildings and Urban Habitat, the group that sets height standards  for buildings, changed its measurement criteria. The discarded standard required […]

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Author:
James I. Clark III
Posted:
12.02.2009

Securitization Slowly Starts Rolling Again

The commercial bond market may be opening up slightly as Bank of America (BofA) prepares to sell $460 million worth of bonds collateralized by properties owned by Fortress Investment Group. The bonds that BofA is arranging are ineligible for TALF, another positive sign that the commercial mortgage market might finally be showing signs of improvement. […]

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Author:
Jafer Hasnain
Posted:
11.30.2009

Fannie Mae Program Seeks to Keep Families in Their Homes Rather than Foreclose

Homeowners facing foreclosure will soon be able to rent their homes from the government controlled Fannie Mae. Called Deed to LeaseTM,  the program lets homeowners transfer ownership of their home to Fannie Mae. They then sign a one-year lease, with the option of month-to-month extensions available.  Fannie Mae will try to sell the homes during […]

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Author:
Tom Silva
Posted:
11.11.2009

Mr. Obama’s Neighborhood

You can be President Barack Obama’s Chicago next-door neighbor for just $1.85 million. That’s the listing price for the 17-room 1906-vintage brick house at 5040 South Greenwood Avenue owned by Bill and Jacky Grimshaw since 1973. The house had been on the market for an unspecified sum since September, but a price had to be […]

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