US Real Estate

Carrefour Sells 365M EUR of Property Assets

By Tavis J. Hampton | December 27, 2011
Being the world’s second retailer behind Wal-Mart has apparently not rendered Carrefour immune from the global real estate crisis. The french retailer announced Tuesday that it has sold 97 of its supermarket properties to an asset manager. The total amount for all sales is 365 million euros or $476.91 million. La Française AM the buyer, […]
US Real Estate

Cities Expect More Budget Cuts as Home Values Continue to Fall

By Tavis J. Hampton | December 27, 2011
The writing has been on the wall for years, but the moment when cities will have to make serious cuts to deal with falling housing prices may come in 2012. Part of the real estate market collapse that rarely gets attention is the effect it has on property taxes. Cities use those taxes to pay […]
US Real Estate

Invesco and M-M Properties Announce Purchase of Plaza of the Americas

By Tavis J. Hampton | December 26, 2011
In a joint venture, M-M Properties and Invesco Real Estate announced the acquisition of the Plaza of the Americas in Dallas, Texas. The 1.2 million square foot property is located in the central business district (CBD) of Dallas. Developed in 1980, the Plaza of the Americas consists of two 25-story office buildings, a Marriott hotel, […]
US Real Estate

Stewart Title Introduces Program to Support "Helping A Hero"

By Tavis J. Hampton | December 23, 2011
Steward Title recently announced the creation of its latest program: a charitable effort to support Helping a Hero. The program is part of its Community of Sharing Initiative. Helping a Hero aims to assist wounded veterans in achieving “sustainable home ownership.” This charitable program is designed with disabled veterans in mind and will help raise […]
US Real Estate

UDR and KFH Acquire Luxury Apartments in Washington, DC

By Tavis J. Hampton | December 21, 2011
UDR has announced a joint venture with Kuwait Finance House (KFH) to acquire 1301 Thomas Circle in Washington, DC, a luxury apartment community within walking distance of the White House. The deal is reportedly worth $154 million. 1301 Thomas Circle is a 292-unit luxury apartment community in the Logan Circle neighborhood, which is less than […]
US Real Estate

Three Real Estate Agents Arrested in California Loan Scam

By Tavis J. Hampton | December 16, 2011
The California Attorney General’s office announced last week that they had arrested three real estate agents in Stockton for allegedly collecting money up front for loan modification services, a practice which is illegal.  The three now face several felony and misdemeanor charges, including conspiracy, false advertising to the public, and grand theft. The growing number […]
US Real Estate

Home Properties Acquires Two Apartment Communities

By Tavis J. Hampton | December 16, 2011
Home Properties Inc. has revealed details about its purchase of two apartment communities:  The Gates of Deer Grove in Palatine, IL. for $20.2 million and The Courts at Dulles in Herndon, VA. for $92.75 million. With these transactions, Home Properties purchases for 2011 have reached $500.8 million. On November 30, Home Properties purchased The Courts […]
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