Portland's green-builders outgrow show Nov 21, 2008
Last year, Portland's green-building industry geared up to make a big splash at the Greenbuild Expo in Chicago, the world's largest gathering of developers, architects and others involved in sustainable real estate development. The city sent at least 15 people and organized nearly 60 Oregon companies in a 20,000-square-foot showroom to show off the state's sustainable businesses. (OregonLive, OR -- News)
T. Rowe launches two global mutual funds Nov 21, 2008
is broadening its worldwide reach by launching two new mutual funds, Global Large-Cap and Global Real Estate ... The Global Real Estate approach will invest at least 80 percent of its assets in stock of real estate companies around the world ... The fund can also invest in companies that are related to the real estate industry, but it will not directly own real estate. (Baltimore Business Journal, MD)
Relief at pump: gasoline below $2 a gallon Nov 20, 2008
Savings: Margaret McGrath paid $22 last week to fill up her car. But on Wednesday in Boston, it cost her $17. (Christian Science Monitor -- USA)
Struggling companies ax 401(k) match Nov 20, 2008
It includes General Motors, Frontier Airlines, car-rental company Dollar Thrifty Automotive, broadcaster Entercom Communications, newspaper chain Lee Enterprises, and real estate brokerage Cushman & Wakefield. A recent study by benefits consultant Watson Wyatt of 248 U.S. companies found that 2 percent had already reduced or eliminated the match and another 4 percent expected to do so within the next 12 months. (MSNBC -- Business)
Twilight fans flock to midnight showings Nov 20, 2008
P/SUNNY Thursday November 20, 2008. Today's most viewed articles. (Seacoast New Hampshire)
Eddie Dalva Named Senior Vice President of Content, MTV Networks Entertainment Group Nov 20, 2008
NEW YORK, Nov. 19 /PRNewswire/ -- Eddie Dalva has been named senior vice president of content, MTV Networks Entertainment Group. The announcement was made jointly today by John Cucci, executive vice president and Chief Operating Officer, Entertainment Group, and Kevin Kay, president, Spike TV, to whom Dalva will report. (Yahoo! Wire -- Entertainment News)
Median home prices drop in most markets Nov 19, 2008
Sales of real estate in foreclosure and other distressed properties made up about 40 percent of transactions in the quarter, bringing down the median price by 9 percent to $200,500 from the same period a year earlier. Sales fell in all but four states in the realtors' report: Nevada, California, Arizona, and Virginia. (Boston Globe)
Government Center may become green district Nov 18, 2008
The effort seeks to create a new redevelopment plan to incorporate clean-energy technologies and sustainable design in a 100-acre area that includes some of the city's most valuable real estate. Aides to Menino said he will solicit recommendations for the plan from the region's top universities and developers. (Boston Globe)
Fewer companies willing to pay for green Nov 17, 2008
Despite the fact that corporate real estate executives support the idea of energy efficient and sustainable buildings, only 42 percent of those surveyed said they were willing to pay a premium to lease green space ... In 2007, 77 percent of real estate executives surveyed said they were willing to pay a premium for green space ... Some 69 percent of the more than 400 commercial real estate executives who were surveyed said sustainability is a critical business issue for their real estate... (Albany Business Review, NY)
HUD's new mortgage rule isn't exactly a giant step forward for buyers Nov 16, 2008
This good-faith statement, which is given to mortgage applicants, is already required under the Real Estate Settlement Procedures Act. It's supposed to give people an estimate of their settlement charges and loan terms. (Boston Globe)
America's CEOs lose billions in stock options Nov 16, 2008
The figures do not show total wealth, of course, because they do not reflect holdings of other securities or of real estate, although it is likely that those holdings have also lost value. Nor do the figures reflect any money the bosses might owe. (Boston Globe)
Raytheon says missile project on schedule Nov 16, 2008
Raytheon says missile-defense project on track - Boston Business Journal. for free extra services. (Boston Business Journal, MA)
Strata feeling Fannie, Freddie hangover Nov 16, 2008
Strata feeling Fannie, Freddie pain - Boston Business Journal. for free extra services. (Boston Business Journal, MA)
Malden employee is charged with theft of tax money Nov 15, 2008
"What she did was abuse the trust they placed in her and misused the access that they gave her to steal, over a period of time, money from taxpayers in Malden who had overpaid their real estate taxes," Leone said. According to Leone and a State Police report filed in Malden District Court, Mayor Richard C. Howard alerted investigators to the alleged scam earlier this month and cooperated in the investigation. (Boston Globe)
Best Buy to Host Guns N' Roses Chinese Democracy Boston Listening Event in Advance of Sunday Release Nov 15, 2008
--(BUSINESS WIRE)--Best Buy. Attention Guns N Roses fans. (Yahoo! Wire -- Entertainment News)
Shop Wellesley First silent auction gala is Nov. 22 Nov 14, 2008
The Gala Diamonds & Diamonds raffle item this year combines a 18K gold and sterling cuff bracelet featuring hand braided detailing and accented by nearly half-carat of pave diamonds (retail value $1,400 donated by Wellesley Real Estate Agencies: Century 21 Commonwealth, Coldwell Banker, Hammond Residential, Pinnacle Residential Properties, Prudential Town and Country, Rutledge Properties, Wm. Raveis Real Estate) and two Red Sox tickets for the 2009 season located in the loge near third base... (Wellesley Townsman, MA)
Westport Shaw's to close Nov 14, 2008
The shopping center in which Shaw's is located is owned by Kowalsky Real Estate ... Jay Kowalsky, president and treasurer of Kowalsky Real Estate, indicated that the lease was not renewed because Shaw's was rundown despite repeated requests by the landlord that the supermarket modernize ... Shaw's has been the anchor of a commercial real estate parcel known as The Village Center, 90,000 rentable square feet which is also home to numerous smaller retailers. (Westport Minuteman, CT)
Washington CEO folds, acquired by rival Nov 13, 2008
Real estate developer Dave Sabey has owned Washington CEO since August 2006. Last month, the magazine s top editor left and wasn t replaced, a casualty of the economic crisis, according to magazine officials. (Puget Sound Business Journal, WA)
GE Says Gets FDIC Backing for $139 Billion in Debt Nov 13, 2008
The Fairfield, Connecticut-based company has been hammered this year as the credit crunch has taken a heavy toll on its hefty GE Capital finance arm, which has businesses ranging from making loans to midsized companies to investing in commercial real estate. The lockup of the credit markets and the collapse of Bear Stearns early this year prompted the company in April to report an unexpected quarterly loss that stunned Wall Street as it was unable to close real estate deals. (ABC News -- Wire)
Kona Grill to open at MetWest Nov 13, 2008
Kona Grill is exactly the type of retail tenant we are looking for, Chuck Davis, regional director of MetLife s Tampa real estate investment office, said in a release ... MetLife (NYSE: MET) oversees a $45 billion real estate investment portfolio that includes office, multifamily, industrial and retail properties ... Tampa Bay Real Estate. (Tampa Bay Business Journal, FL)
Equipment Leasing and Finance Association Announces New Board of Directors Nov 13, 2008
Source: Equipment Leasing and Finance Association. WASHINGTON, Nov. 13, 2008 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association (ELFA) announces its new Board of Directors and Officers, who will serve during the next 12 months. (Primezone Releases)
Smith College endowment off 20 percent Nov 10, 2008
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Mawn-Mahlau joins Boston law firm Nov 10, 2008
Founded in 1979, Davis Malm is a general practice law firm that concentrates on finding solutions for businesses and individuals in corporate, real estate, financing, insolvency and restructuring, employment, environmental regulation, litigation, and trusts and estate planning matters. Clear thinking, tough-mindedness, and a firm commitment to its clients interests are the touchstones of Davis Malm's practice. (Winchester Star, MA, MA)
Walls of glass link Contemporary with pond, conservation land Nov 9, 2008
Listing brokers are JJ Tanzer and Norma Perry of Carlson GMAC Real Estate. MINDY POLLACK-FUSI. (Boston Globe)
Parent of Massachusetts papers posts loss Nov 9, 2008
On a same-store basis, classified revenue dropped 21 percent as the company saw weakness in help wanted, real estate and auto ads. During the first nine months of this year, GateHouse has posted a net loss of $490. (Boston Business Journal, MA)
Rising credit debt a signal Nov 8, 2008
The report doesn't cover borrowing secured by real estate. Revolving debt, such as credit cards, rose $954 million in September. (Boston Globe)
CiCis Pizza planning store expansion Nov 8, 2008
Texas-based CiCi s Pizza has brought in a real estate veteran from to help lead the pizza chain s expansion plans. CiCi s Pizza has hired John W. Baldwin to serve as the restaurant chain s vice president for real estate ... Baldwin, who has more than 15 years of experience in both the franchise and corporate retail real estate fields, was previously with Seattle-based coffee giant Starbucks (NASDAQ: SBUX). (San Antonio Business Journal, TX)
New mortgage caps reduce options in pricey metros Nov 8, 2008
The changes, effective Jan. 1, will lower the limit in high-priced real estate markets to $625,500 down from $729,950. Consumers who need to take out home loans above that amount typically pay higher interest rates, and that can price some would-be buyers out of the market. (San Diego Union-Tribune -- Business)
Pride, goodwill abound at HOF gala Nov 8, 2008
Greenwell had his own success in real estate in the Fort Myers, Fla. area, but now is proud to be "100 percent retired". (MLB.com -- Boston Red Sox)
US finds no evidence to charge Spitzer Nov 7, 2008
He has remained out of the spotlight since his resignation, spending time with his wife and three daughters, and working for his father's real estate business. The lawyer for Ashley Alexandra Dupre, the former call girl whose tryst with Spitzer sparked the investigation, said she's glad the matter is resolved. (Boston Globe)
No charges for ex-NY governor in prostitution case Nov 7, 2008
He has remained out of the spotlight since his shocking resignation, spending time with his wife and three daughters, working for his father's real estate business and occasionally being photographed running in Central Park. He also assembled a high-powered team of lawyers who made an intense behind-the-scenes lobbying effort with the U.S. attorney's public corruption unit. (Atlanta Journal-Constitution -- World)
Jim Mowry Jr., 73, attorney, Bulldogs fan Nov 7, 2008
He worked for several large Atlanta law firms before starting his own law practice dealing with wills, estates and real estate, his wife said. He retired in May. (Atlanta Journal-Constitution)
Credit crunch delays Emory Point project Nov 7, 2008
A spokesman for Gables, a private real estate investment trust, could not be reached for comment. Cousins role is to develop 93,000 square feet of retail and restaurant space and 172 moderately-priced condos. (Atlanta Journal-Constitution -- Business)
Merging Wendy's and Arby's post 3Q losses Nov 7, 2008
Dual-concepts could be used outside the United States and high-cost U.S. real estate markets. BUSINESS Latest Headlines. (Atlanta Journal-Constitution -- Business)
Fidelity to cut 1,300 jobs Nov 7, 2008
OVERCAST Friday November 7, 2008. Today's most viewed articles. (Seacoast New Hampshire)
Vaughn highlights Red Sox's gala Nov 7, 2008
Back before Vaughn got into real estate, 00002B74 he used to take aim at Fenway, from the Green Monster to the triangle to the bullpens to Pesky's Pole. "Mo had some outstanding power years for us," said former Red Sox general manager Lou Gorman, who was part of the 15-person committee that selected the latest batch of Sox Hall of Famers. (MLB.com -- Boston Red Sox)
Home buyers may be swayed by slow Internet connection Nov 6, 2008
In less than a decade, broadband has gone from a luxury to a must for many people, and for some of them, it's started to influence their real estate decisions ... Edward Redpath, a real estate broker in Hanover, N.H., said he has seen deals fall through once the buyer realizes a home doesn't get broadband. (Boston Globe)
Vatican tells workers to stop slacking Nov 5, 2008
The Vatican, located across Rome's Tiber River and home to Pope Benedict XVI, relies on earnings from $1 billion in stocks, bonds, and real estate to top up donations from Catholics around the world. While the Holy See benefited in the 1990s from booming stock markets and a strong dollar, it plunged into the red in 2003 and again in 2007 because of the US currency's tumble. (Boston Globe)
Ice and Easy Nov 3, 2008
Selling real estate from Boston to the burbs, Sullivan looks for practicality and style over designer names, like this Nautica cotton blazer from T.J. Maxx in Framingham. "I thought the fabric was weighty and pretty sumptuous to the touch," he explains. (Boston Globe)
Feds close Freedom Bank in Bradenton Nov 2, 2008
Both banks had struggled as the real estate market weakened in Florida ... Tampa Bay Real Estate. (Tampa Bay Business Journal, FL)
JPMorgan to ramp up loan help Nov 1, 2008
WaMu was Massachusetts' ninth-largest lender, and nearly one in five of its mortgages at the height of the real estate boom in 2006 was a subprime loan - high-priced loans made to people with poor credit histories ... "Why do they want to foreclose on them and take possession of the real estate if they can still make a reasonably sized payment on that property?". (Boston Globe)
Center of attention Nov 1, 2008
The developers of Legacy Place appear to have benefited from good timing, according to Robert Sheehan, vice president for research for Keypoint Partners, a Burlington real estate company. "I'm sure they had commitments from tenants before the downturn. If they hadn't, it could be a problem," he said. (Boston Globe)
IBM sues former exec who took job at Apple Nov 1, 2008
IBM sues to prevent exec from going to Apple - The Business Review (Albany). for free extra services. (Albany Business Review, NY)
Is help on the way? Oct 31, 2008
In Massachusetts, 9,609 foreclosure deeds were recorded from January to September, up 72 percent from the year before, according to real estate tracker Warren Group. The Federal Deposit Insurance Corp. and the Treasury Department now are negotiating a plan that could involve a government mortgage guarantee for millions of homeowners. (Boston Globe)
Highwoods earnings beat Street, market Oct 31, 2008
The real estate investment trust reported funds from operations of $44 ... Funds from operations is a measure of profitability for REITs and is similar to net income but excludes depreciation, amortization of real estate assets and other charges ... 8 million square feet of real estate around the Southeast. (Tampa Bay Business Journal, FL)
Law firms adapt as commercial real estate deals slow Oct 31, 2008
When real estate developers stop pursuing or can t finance new projects, the collateral damage extends to the attorneys who would normally help broker and structure those deals ... That practice will help negotiate real estate transactions; counsel borrowers and lenders on restructurings, liens and foreclosures; enforce lien rights; and help buyers find special financing related to buying troubled properties. (Business Journal of the Greater Triad Area)
Rush flexes its muscles in Triad Oct 31, 2008
In all, The Rush could end up having 10 to 12 clubs in the Triad, said Gurney, who targeted the Triad for its lower real estate costs and health-conscious population. Greensboro alone has five colleges and universities, but the membership target isn t limited to the early-20s crowd. (Triad Business Journal, NC)
Suspect in anthrax scare to appear in court Friday Oct 31, 2008
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Housing slump hurts Pope Resources in Q3 Oct 30, 2008
The current economic climate and tighter lending standards have also reduced demand for raw land which has negatively impacted our real estate segment. The difficult market conditions faced by our fee timber and real estate business segments are expected to extend at least through 2009, said David Nunes, president and CEO, in a statement. (Puget Sound Business Journal, WA)
Normandy Real Estate Partners Sells Quincy Crossing in Arlington, Virginia Oct 29, 2008
WASHINGTON, Oct. 28 /PRNewswire/ -- Normandy Real Estate Partners, one of the largest real estate owners and operators in the Boston to Washington corridor, today announced that it has completed the sale of Quincy Crossing to Guardian Life Insurance Company for $55,500,000 ... Normandy acquired Quincy Crossing as part of its $540 million acquisition of a portfolio of 13 buildings on the east coast from Morgan Stanley Real Estate in connection with its $1 ... About Normandy Real Estate Partners... (PR Newswire)
Racing company locates in Brosville Oct 29, 2008
Hudgins is president of The Premier Group, whose holdings include restaurant franchises, commercial real estate and land development. He is Premier Racing's chief executive officer. (Chatham Star Tribune, VA)
Labor unions endorse Wichitas bond effort Oct 29, 2008
Local labor unions endorse Wichitas bond effort - Wichita Business Journal. for free extra services. (Wichita Business Journal, KS)
Martin Mariettas 3Q profit slips Oct 29, 2008
Martin Mariettas 3Q profit slips - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
A more efficient US? Energy agency prods only a bit. Oct 28, 2008
Energy agency prods only a bit. from the October 24, 2006 edition. (Yahoo News -- Energy Policy)
Chick-fil-As new kids meals take off Oct 28, 2008
Chick-fil-As new kids meals take off - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Staged to Sell Oct 26, 2008
Project No. 2 * One-bedroom, one-bath condo * 184 I Street, Unit 2, South Boston * Asking $279,000 * Listed with Jane C. Hoffmann, Hammond Residential Real Estate, 617-587-4615 (open house today, 1 to 3 p.m.). Stager No. 2 * Maureen Reddy of DaVinci Designer Gallery, Winthrop, 617-539-0241. (Boston Globe)
Northeast home sales, prices fall in September Oct 25, 2008
The report analyzed sales transactions recorded by all real estate agents in those areas, regardless of company affiliation. The drop in Northeast sales belies the relative health of the region's housing market compared to other parts of the country, said James Diffley, group managing director of Global Insight's regional services group. (Boston Globe)
SJC rules funds can't go to park improvements Oct 25, 2008
The act was enacted in 2000 and allows communities to vote on whether to adopt a 1 percent to 3 percent real estate tax surcharge. Money collected locally is matched by the state from a trust fund subsidized through $10 and $20 transaction fees imposed statewide at the Registry of Deeds. (Boston Globe)
Altra Appoints Glenn E. Deegan Vice President, General Counsel and Secretary Oct 25, 2008
Source: Altra Holdings, Inc.. Oct. 24, 2008 (GLOBE NEWSWIRE) -- Altra Holdings, Inc. (NasdaqGS: - ), a leading global supplier of clutch brakes, couplings, gearing, belted drives and power transmission components, today announced the appointment of Glenn E. Deegan as Vice President, General Counsel and Secretary, a new position for the company reporting directly to Altra's Chief Executive Officer. (Primezone Releases)
Your extra cash - if you have any, that is - could boost the retirement account Oct 24, 2008
The self-employed For self-employed individuals with a simplified employee pension (SEP plan) or a solo 401(k) designed for independent contractors, such as consultants, real estate agents, and sole proprietors, the contribution limit increases to $49,000, from $46,000. Social Security cap One of the numbers the IRS adjusts each year is watched closely by some workers, but most are likely not even aware of it. (Boston Globe)
Couple charged in healthcare scheme Oct 24, 2008
The couple also owned various businesses and downtown commercial real estate assessed in the millions of dollars, including the building containing the Boston Discount Jewelry Exchange ... Neither those assets nor the income derived from the businesses and real estate ventures were reported to MassHealth, according to Coakley. (Boston Globe)
TV Series 'Boston Legal' Wears Cowboy Outfitters Western Shirts Oct 24, 2008
Source: Cowboy Outfitters. HIGHLANDS, Texas, Oct. 23 /PRNewswire/ -- Cowboy Outfitters (), one of the nation's leading dealers of premium cowboy apparel and equipment, announced today that the television series, "Boston Legal" will be wearing many of their western shirts in an upcoming episode. (Yahoo! Wire -- Entertainment News)
Stretch your money by stretching your PC's life span Oct 23, 2008
With extra screen real estate, you can easily keep two or three programs constantly in view. Suddenly you're more productive, even if your computer's no more powerful than before. (Boston Globe)
Huton & Williams law firm to lease space at Square 54 property Oct 23, 2008
Renowned law firm Huton ams is slated to occupy almost half of the commercial office space available in Square 54, a mixed-use real estate development project next to the GW Hospital. Boston Properties, the real estate developer responsible for the leasing, managing and construction of the space, announced the lease last week ... Alicia O'Neil, the University's associate vice president for real estate, said the school is not directly involved in the negotiations that Boston Properties makes with... (GW Hatchet, Washington DC)
Money funds to get $540b in Fed financing Oct 22, 2008
Ernst & Young will receive $492,000 to provide accounting services, and Pricewaterhouse Coopers will get $191,500 to set up internal controls for the program that will focus on buying distressed real estate assets from banks to encourage lending. Copyright 2008 Globe Newspaper Company. (Boston Globe)
