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Luxury Real Estate

Taylor Swift Gets New Luxury Digs in Beverly Hills

By Mike Wheatley | May 9, 2011
No doubt fed up with the constant nuisance of crashing out at hotels every time she pops over to LA for a gig, country and pop princess Taylor Swift has gone out on one of her biggest spending sprees yet – splashing out close to $3.5 million on a luxury Beverly Hills mansion.   The […]
US Real Estate

Cedar to Sell All of Its Ohio Properties

By Tavis J. Hampton | May 7, 2011
Cedar Shopping Centers, Inc. announced this week that it is selling all of its 17 properties located in Ohio.  14 of the properties are anchored by Discount Drug Mart.  The sale is valued at $45 million, which Cedar hopes will reduce its debt by $30 million. Nickleplate Realty Trust, LLC out of Canton, Ohio is […]
US Real Estate

USAA Sells 16 Real Estate Properties

By Tavis J. Hampton | May 5, 2011
USAA Real Estate Company has sold 16 of its properties in a Single Tenant Net Lease Retail Portfolio.  An affiliate of The Inland Real Estate Group of Companies, Inc. purchased the portfolio for an undisclosed amount. The 16 properties in the portfolio total 118,046 square feet and are leased to tenants from several well-known companies, […]
Real Estate Marketing

New Real Estate Sales Methods are the Future

By Mike Wheatley | May 5, 2011
While real estate markets are rebounding, the uncertainty surrounding it certainly hasn’t, at least not in the minds of most potential buyers.
US Real Estate

Phoenix Realty Group Acquires Three Apartment Properties

By Tavis J. Hampton | May 4, 2011
Phoenix Realty Group (PRG) announced the acquisition of an apartment portfolio for three properties containing 432 units in San Bernardino and Highland, California.  The entire portfolio sold for $21.5 million, and Phoenix acquired it from a lender that had taken over the assets in 2009. The properties had gone through a period of distress and […]
US Real Estate

Florida House Approves Ballot to Lower Property Taxes

By Tavis J. Hampton | May 3, 2011
The Florida state house has approved a ballot that will give Florida voters the option to lower taxes on commercial properties.  If the Florida residents vote in favor of the constitutional amendment, the new legislation would reduce annual growth in assessed value from 10 percent to five percent or less. Additionally, first time home buyers […]
US Real Estate

Hang Lung Chairman: No China Real Estate Bubble

By Tavis J. Hampton | May 3, 2011
Hang Lung Properties Ltd. Chairman Ronnie Chan says concerns over a possible collapse of China's real estate market are "total crap."  There is no real estate bubble in China, Chan said, because of the "humongous demand" from Chinese consumers and the steps the government has taken to fortify the market.  For Chan, people use the […]
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