HealthSouth takes proxy fight costs lead Oct 27, 2009
HealthSouth to pay shareholder proxy fight costs - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
Synovus posts big 3Q loss Oct 24, 2009
Though the bank has aggressively tried to address its nonperforming real estate construction and development portfolio, it remains a trouble spot for the company ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Delta swings to $161M 3Q loss Oct 23, 2009
Delta swings to $161M loss in third quarter - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
Regions reports $437M net loss Oct 23, 2009
hit hard by the struggling commercial real estate sector, reported a third quarter loss of $437 million ... Commercial real estate credits constituted the bulk of third quarter s inflow of non-performing loans, the Birmingham, Ala ... The bank charged off $45 million in commercial real estate loans. (South Florida Business Journal, FL)
Beige Book: Southeast economy retreats Oct 22, 2009
Private-sector commercial real estate activity in the Southeast weakened further in September ... Real estate contacts mentioned homebuyers had difficulty securing financing for non-conforming mortgages ... Birmingham Real Estate. (Birmingham Business Journal, AL)
CB Richard Ellis adds Birmingham office Oct 17, 2009
said it s looking for new property management clients in the Birmingham commercial real estate market. The global real estate firm recently signed on to manage the Social Security Administration building in downtown and now has a staff of five, including a senior real estate manager, in the local facility, said Marcy Moneypenny, a managing director of the firm ... Birmingham area real estate executives welcome the competition the global real estate firm will bring, but are skeptical of what CB... (Birmingham Business Journal, AL)
$19K In Tickets For Man With XXXXXXX Plate Oct 17, 2009
Learn how you can avoid the top 10 real estate nightmares. If youre feeling like youre not doing what youre supposed to, take this quiz and take control of your working destiny. (KERO 23, CA)
Index: Employee confidence down Oct 6, 2009
for free extra services. Subscribe to Birmingham Business Journal. (Birmingham Business Journal, AL)
Social Security building sale sets record for downtown Oct 3, 2009
We are capable and honest real estate guys and look forward to a long future in the building and being a responsible owner, said Ken Dunn, president of Rainier ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Report: Nearly 1M bank foreclosures in process Oct 1, 2009
While the rock-bottom sales of foreclosed properties are dragging real estate prices down, what s on the market now is the just tip of the iceberg ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Older neighborhoods see increased interest from first-time homebuyers Sep 26, 2009
With affordable inventory and the promise of up to $8,000 from the federal government, neighborhoods like East Lake, which weren t so hot during the real estate boom, have seen increased activity during the recession and are reaping the benefits of improved housing stock made available by some investors. Between August 2008 and August 2009, nearly two-thirds of the homes sold in the Birmingham metro area sold for under $200,000, according to data from the Rudulph/Brander Monthly Real Estate... (Birmingham Business Journal, AL)
CFOs plan to invest in technology Sep 24, 2009
The next most popular answers for areas of investment were new products or service lines (18 percent) and new locations or real estate (14 percent). As companies emerge from the recession and become more profitable, they will begin to focus on shoring up critical business applications and technology infrastructure, said Paul McDonald, executive director of Menlo Park. (Birmingham Business Journal, AL)
Mortgage bankers profits skyrocket 635% Sep 19, 2009
MBA: Mortgage bankers profits skyrocket 635% - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
NRF: Retail sales slightly rise in August Sep 16, 2009
NRF: Retail sales up in Aug. for first time in six months - Phoenix Business Journal. for free extra services. (Phoenix Business Journal, AZ)
Wells Fargo Securities economist Vitner: Uncertainty hampers recovery Sep 16, 2009
Those problems are an oversupply of housing, high consumer debt, a growing trade deficit, the financial crisis and the frozen commercial real estate market ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Retail vacancies rise in Mountain Brook Village Sep 12, 2009
Mountain Brook Village is at a critical juncture, say real estate experts, retailers and city officials, as regional efforts are underway to encourage shopping in the city and a $200 million proposed mixed-use development lays on the table ... According to EGS Commercial Real Estate s 2009 mid-year retail report, average weighted rental rates in the central submarket, which is made up of Mountain Brook, Homewood and Vestavia Hills, is $13 ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Southeast economy stabilized in August Sep 10, 2009
Commercial real estate contacts saw activity weakening ... Several mentioned the commercial real estate market continued to be affected by tighter lending standards ... Birmingham Real Estate. (Birmingham Business Journal, AL)
BB&T: Colonial execs wont get payouts Sep 9, 2009
BBonial execs wont get payouts - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Union Station deal falls through Aug 29, 2009
He says he hadn t heard of any changes to the list price for the property but that s going to be between our finance folks and our real estate folks. Reader Comments. (Wichita Business Journal, KS)
Toll posts loss but cautiously optimistic Aug 28, 2009
Toll Brothers posts big loss but cautiously optimistic - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Carraway owners face deadline to sell Norwood campus Aug 26, 2009
Platt HMC s Bussey said health care real estate developers are extra cautious in this economic climate ... Birmingham Real Estate. (Birmingham Business Journal, AL)
> RELATED: BofA sues Colonial BancGroup for $1 billion Aug 15, 2009
BofA sues Colonial BancGroup for $1B - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
FFO, net income drops at Medical Properties Trust Aug 7, 2009
The Birmingham-based health care real estate investment trust (NYSE: MPW) reported adjusted funds from operations (FFO) at $16 ... Birmingham Real Estate. (Birmingham Business Journal, AL)
JeffCo's woes make title firms nervous Aug 7, 2009
Title companies insure financial loss from any defects in title in real estate and from any unknown existing liens on property ... Our whole economy is very tied to real estate being a relatively liquid asset, said Walter Scott, president of Jefferson Title Corp. If it slows every real estate transaction down by even three days, it makes the money less liquid ... But Scott points out the situation at the courthouse could be worse if the economy were booming and real estate transactions were... (Birmingham Business Journal, AL)
Protective reports $90M 2Q profit Aug 6, 2009
CEO John D. Johns attributed the boost to a near record level of operating income and several other factors, including positive sales in three segments, lower credit impairments and low delinquency in the commercial real estate portfolio ... Birmingham Real Estate. (Birmingham Business Journal, AL)
AirTran July traffic falls 5.1 percent Aug 5, 2009
AirTran July traffic falls 5. 1 percent - Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
ZipRealty Q2 loss widens to $2.4M Aug 5, 2009
The company said total value of real estate transactions closed increased to approximately $1 ... San Jose Real Estate. (San Jose Business Journal, CA)
New South Federal posts $55M net loss in 2Q Aug 5, 2009
2 million in write-downs on declining values of foreclosed real estate on its books ... We knew we would experience some degree of additional loss as we continue to work through our plan for managing through the downturn in the real estate market ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Finalists named in biz makeover contest Aug 4, 2009
Five finalists named in Business Makeover Birmingham contest - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
Subway passes Burger King on sales list Aug 4, 2009
Subway passes Burger King, Starbucks bumps Wendy's on QSR fast-food rankings - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
More community banks report losses, bad loans Aug 1, 2009
New South Chairman Will Ratliff said the bank s losses were derived from massive write downs on real estate held as collateral in its loan portfolios ... Also, since many of them are exposed to the commercial real estate sector, community banks have not yet experienced the brunt of the economic storm ... Many of the commercial real estate loans will likely not be renewed by banks, which will in turn suffer from losses, he said. (Birmingham Business Journal, AL)
Roberts Realty renews $8.2M loan Jul 23, 2009
Roberts Realty Investors (AMEX: RPI) is real estate investment trust. Reader Comments. (Atlanta Business Chronicle, GA)
ASC sues Morgan Keegan claiming fraud Jul 22, 2009
Alabama Securities Commission sues Morgan Keegan claiming fraud - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
BioCryst flu drug posts positive results Jul 18, 2009
Positive results push BioCryst flu drug closer to federal approval - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
BB&T earnings trip over bad loans Jul 18, 2009
BB&T said it recorded a $701 million provision for credit losses in the second quarter, driven by continued deterioration in housing-related credits and deterioration in consumer real estate ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Winsted nursing home owner seeks to replace union workers Jul 17, 2009
The Republican-American. Friday, July 17, 2009 3:17 AM EDT. (Republican-American)
Companies reconfigure surplus office space Jul 6, 2009
Because real estate is a fixed cost, holding more of it than your company needs affects the bottom line ... Real estate experts say they are seeing more renewals in which a tenant agrees to extended time on their lease in exchange for the building owner or property manager taking back unwanted space ... NAI Brannen Goddard, an Atlanta commercial real estate firm that represents tenants, has been very busy helping companies with good credit and strong balance sheets get good deals. (Atlanta Journal-Constitution -- Business)
SBA loan program opened up to refinancing Jun 25, 2009
Previously, small business owners could only use that program to make new purchases of real estate or some capital equipment such as heavy equipment or machinery ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Pick a winner Jun 16, 2009
And they re coming from all walks of life, too from industries such as real estate, banking, finance and others, he said. It s just a ton of work and I do most of it myself, Smith said of sifting through the stacks to find suitable candidates. (Boston Business Journal, MA)
TD Bank gets $1B infusion from Canadian parent May 11, 2009
But equity analysts at Standard & Poor s say they expect loan charge-offs in the banking industry to continue to escalate in 2009 as credit problems in the subprime mortgage sector spill over into commercial real estate ... Stay up to date on the latest news from within the commercial real estate industry. (Albany Business Review, NY)
Harbert Realty wins Papa John's contract May 7, 2009
The commercial real estate firm will handle lease management, lease audit and real estate accounting for Birmingham-based , which has 115 locations and is the largest Papa John s franchise in the U.S., said a news release ... Outsourcing this function will enable all of us to focus on our primary responsibilities and not deal with the daily hassles related to real estate, said Doug Stephens, president and CEO of PJ United ... Birmingham Real Estate. (Birmingham Business Journal, AL)
More homeowners drowning in mortgage debt May 7, 2009
9 percent) of all Americans under water on their mortgages in the first quarter of this year, according to a newly released report from , an online real estate information company. That s up from one-fifth, or 17. (Birmingham Business Journal, AL)
Judge orders Bruno's to honor contract Apr 28, 2009
Judge orders Bruno's to honor union contract - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
Beige Book: Weakness continues in March Apr 17, 2009
Commercial real estate activity remained shaky ... Going forward, commercial real estate players expect more space will become vacant in the coming months and that construction will continue to slow ... Birmingham Real Estate. (Birmingham Business Journal, AL)
TriNovus strikes deal with ERA Apr 14, 2009
The partnership will provide customers who use the software with additional resources in the real estate community, including more information on properties and a Realtor resource to help manage transactions, said a news release ... Birmingham Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Birmingham Business Journal, AL)
U.S. to buy 17,600 American-made autos Apr 11, 2009
U.S. government to buy 17,600 American-made autos - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
B'ham car sales up in March Apr 9, 2009
Birmingham car dealers say sales up in March - Birmingham Business Journal. for free extra services. (Birmingham Business Journal, AL)
Colonial Properties deal falls through Apr 7, 2009
And in March, both Moody s Investors Service and Standard & Poor s downgraded the real estate investment trust s preferred stock and Colonial Realty s unsecured debt ... Birmingham Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Birmingham Business Journal, AL)
HFF reports 4Q loss, could face delisting Mar 11, 2009
HFF (NYSE: HFF), which went public near the height of the commercial real estate market in 2007, has seen its stock price fall steadily from a price of $17 per share to $1 ... Unlike other firms that control real estate or make their own loans, HFF s business is dependent on arranging real estate transactions sales, refinancings, and other debt placement from which it takes its fees ... But commercial real estate transactions have slowed considerably in the midst of a credit crunch and global... (Pittsburgh Business Times, PA)
Laham buys ground at 21st and Rock Mar 11, 2009
The real estate doesn t get any better than that, says Cathy Kirkhart, vice president for ... Stay up to date on the latest news from within the commercial real estate industry. (Wichita Business Journal, KS)
HSBC closing most of its consumer finance operation Mar 3, 2009
Stay up to date on the latest news from within the commercial real estate industry. News, analysis and ideas that defy the odds and the times. (Albany Business Review, NY)
Feds set strict rules for Horizon Bank Mar 3, 2009
The bank was hit hard by exposure to bad real estate construction and land development loans ... Stay up to date on the latest news from within the commercial real estate industry. (Puget Sound Business Journal, WA)
Home Depot net income falls to $2.3B Feb 25, 2009
Home Depot net income falls to $2. 3B - Birmingham Business Journal. (Birmingham Business Journal, AL)
Defaults on rise at small banks Feb 21, 2009
Commercial real estate loan defaults at Birmingham-area community banks are on the rise ... On the other hand, some local banks have managed to keep their books clean of past due and nonaccrual commercial real estate loans, despite the economic downturn, including , and ... Earlier this week, executives told an analyst they expect community banks to suffer more than the bigger banks from problems with commercial real estate loans. (Birmingham Business Journal, AL)
Small banks see rise in commercial defaults Feb 21, 2009
Commercial real estate loan defaults at Birmingham-area community banks are on the rise ... Birmingham Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Birmingham Business Journal, AL)
Fed's Lockhart: Fed Can Take More Steps If Needed Feb 20, 2009
On the other hand, Lockhart said he was watching developments in emerging markets and domestic commercial real estate closely for evidence of problems. "Policy-makers have taken and will soon implement unprecedented measures to restore financial stability and economic growth," he said. (ABC News -- Wire)
Mustang Soso to the rescue: Kensington woman taking part in horse 'makeover' event Feb 15, 2009
P/SUNNY Sunday February 15, 2009. Today's most viewed articles. (Seacoast New Hampshire)
Delta to drop 170 gates nationwide Feb 10, 2009
The Atlanta-based carrier recently completed the relocation of Northwest assets to the Delta-controlled real estate at Orlando International Airport, Anderson said ... Stay up to date on the latest news from within the commercial real estate industry ... Birmingham Real Estate. (Birmingham Business Journal, AL)
Delta traffic falls in January Feb 9, 2009
Birmingham Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Birmingham Business Journal, AL)
Bruno's files Chapter 11 Feb 8, 2009
for free extra services. Subscribe to Birmingham Business Journal. (Birmingham Business Journal, AL)
McDonough's FirstBank Financial Services fails Feb 8, 2009
It appears to have fallen into the same trap that has snagged Georgia s other failed institutions: Its loan portfolio was heavily concentrated in the real estate sector, which has imploded. At the end of the third quarter, the most recent data available, FirstBank reported $53 million in loans 90 or more days late and charged off another $8 million in loans as not collectible. (Atlanta Journal-Constitution -- Business)
