Archives for July 2011

Will Property Tax Increases Stifle Housing Further?



A growing number of county governments across the U.S. are planning property tax increases in 2011, or have already approved increases, despite the continuing problems with falling home values and high foreclosure rates. According to the latest numbers from the National Association of Realtors, metro Atlanta, GA has seen a 14.7% decline in average selling prices […]

Mapletree Investments Moves in Asia Pacific Dealings



In investment news from Singapore, Temasek Holdings has purchased a gigantic shopping mall in Kowloon for a reported $2.9 bilion. The investment giant, a unit of Mapletree Investments, bought Festival Walk from Hong Kong’s Swire Pacific. The deal is, so far, the 3rd biggest deal in the Asia Pacific region this year.

Olsen Announces Two Communities for LA Commuters



Olsen has just announced two new residential communities which are ideal for Los Angeles commuters, being just a twenty minute commute from downtown LA. Rio Walk is in Montebello, which is just 8 miles from LA Civic Center, while Citrus Walk is ideally located in downtown Covina, and it’s an easy walk to MetroLink and the local […]

Foundations Completed at Miami Art Museum at Museum Park



Foundations for the new Herzog & de Meuron designed Miami Art Museum, which is scheduled to open in 2013, have been completed, and vertical construction can now begin. Miami Art Museum is still trying to cultivate private sector interest in this project, and the chairman of the Board of Trustees, Aaron Podhurst has commented that […]

What to Do With Bug Ugly Real Estate Sites: Part I



Anyone would think massively successful real estate entities on the web could afford the very best digital engagement. And they can, they just somehow don’t see fit to offer gripping aesthetics, a real conversation, and true value to visitors – at least not their best efforts. This begs the question; “Should Google factor in aesthetics and social media engagement where relevance is concerned?” Maybe Google + will?

Sorouh Real Estate Nets $34 Million Profit from Sun & Sky Towers Handover



Sorouh Real Estate, the second-largest property developer in Abu Dhabi, yesterday reported profits $34 million for the second quarter, a year-on-year growth of 525% from 2010 following the generation of more than $271 million in revenue from its landmark Sun & Sky Towers project. Additionally, the developer generated earnings from numerous housing projects in the […]

Tami Longaberger Lists Ohio Mansion for $15 Million



Tami Longaberger, the chief exec of the famous basket-making Longaberger Co., has listed her 200 acre Muskingum County estate. The asking price – a cool $15 million. The 57,000 square foot luxury mansion has been put up for sale by the Cleveland based realtors, Howard Hanna Real Estate. According to details on the Howard Hanna […]

Bank of America Adopts Different Approach to Cut Foreclosures



The biggest US mortgage servicer, the Bank of America, is adopting a different approach towards foreclosures and abandoned properties, which includes demolishing the most decrepit of them. It’s donating 100 foreclosed homes in the Cleveland area, in conjunction with a local agency which manages such properties, and in certain cases will contribute towards their demolition. […]

Oklahoma Housing Holding Steady



Housing in Oklahoma City remains a solid investment, and prices here are holding steady, especially when compared to much of the rest of the US. A comparison with the first half of 2011 against that of 2010 shows that the average price of a home decreased by less than half a percent, with 7.7% fewer […]

Senator Ted Kennedy’s Mansion Sold For $6.5 Million to Gabon



The Ministry of Foreign Affairs of the Gabonese Republic has just completed the acquisition of the former home of Senator Ted Kennedy for $6.5 million, which is set to become the African country’s new US embassy. The lavish Kalorama Heights residence boasts six bedrooms, seven bathrooms, five fireplaces, an indoor pool and a gym equipped […]

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