Exclusive Subscriber Content Nov 4, 2009
Print Edition - Charlotte Business Journal. for free extra services. (Charlotte Business Journal, NC)
Commercial bankruptcies rise nationally Nov 3, 2009
for free extra services. Monday, November 2, 2009, 1:57pm EST. (Atlanta Business Chronicle, GA)
TV recaps Oct. 25-31: Desperate Housewives, Biggest Loser, etc. Nov 1, 2009
TV recaps Oct. 25-31: Desperate Housewives, Biggest Loser, etc (Seacoast New Hampshire)
Catalyst is latest condo tower turning to apartments Oct 31, 2009
Crosland, one of Charlotte s largest real estate companies, has been selected to manage leasing at Catalyst, where the 462 units will rent for $1,050 to $2,400 per month ... Several uptown condo projects have converted to apartments as the dismal real estate and mortgage market curbed demand ... Charlotte Real Estate. (Charlotte Business Journal, NC)
JetBlue adds Charlotte, RDU to Boston Oct 31, 2009
JetBlue adds Boston flights in Charlotte, RDU - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
Cogdell Spencers results improve Oct 31, 2009
In the same period last year, the Charlotte-based real estate investment trust had funds from operations of $5 ... Funds from operations is the primary earnings measure for real estate investment trusts ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Design Center owner eyes future for South End plan Oct 30, 2009
The real estate company that owns the Design Center of the Carolinas could add condos, apartments or a hotel to the three-building complex in South End ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Design Center owner eyes future for high-profile South End site Oct 29, 2009
The real estate company that owns the Design Center of the Carolinas could add condos, apartments or a hotel to the three-building complex in South End ... Read his Real Estate Roundup blog at charlottebusinessjournal ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Crowded theaters build momentum for 3-D at home Oct 26, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
Low prices drive sales activity in Burnt Store area Oct 24, 2009
But while sales activity has been slow over the past couple of years in the area, real estate agent Donna Camisa of Century 21 Sunbelt Realty in Cape Coral said that is changing ... More Real Estate headlines. (The News-Press -- Business)
Crosland faces foreclosure filings on local properties Oct 24, 2009
has filed foreclosure proceedings against for nearly 13 acres of vacant land at the Charlotte real estate firm s Blakeney development and a 6,600-square-foot building on Ballantyne Commons Parkway ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Lee median home price drops to $89K, sales soar in September Oct 24, 2009
Theres a mini-boom going on in the housing market, said Thomas Popik, who conducts a monthly survey of real estate agents for Campbell Communications, a research firm ... More Real Estate headlines. (The News-Press -- Business)
Crosland faces foreclosure filings Oct 24, 2009
has filed foreclosure proceedings against for nearly 13 acres of vacant land at the Charlotte real estate firm s Blakeney development and a 6,600-square-foot building on Ballantyne Commons Parkway ... We are all, to one degree or another, at the mercy of real estate credit markets that have stopped functioning, he wrote ... The value of real estate has dropped dramatically, he says. (Charlotte Business Journal, NC)
Obama aims to boost small-biz lending Oct 23, 2009
Congress also would increase the size limit on the SBA s 504 loans, which primarily are used for real estate, to $5 million from $2 million for standard borrowers, and to $5 ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Yadkin Valley Financial posts $68.7M loss Oct 23, 2009
Most of the new problem loans were in commercial real estate and land development, the bank says ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Bank of Commerce loses $1.28M in 3Q Oct 21, 2009
We have taken an aggressive approach in loan charge-offs, which we feel positions us appropriately in the current real estate market ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Carolina Theatre developer gets extension Oct 21, 2009
The other principals in CMP Carolina Theatre are Atlanta-based development firm Camden Partners; Reliance Holdings, an Albemarle-based company registered to Baldeep Mac; and Littlefield Holding, which is managed by John Littlefield, chief executive of Concord-based real estate development firm David Drye Co. CMP has made $250,000 in nonrefundable deposits to the city for the Carolina Theatre property ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Washington’s ledgers, bills account for a founder’s life Oct 18, 2009
He was chief executive, in effect, of a farming, manufacturing, and real estate operation that by the end of his life encompassed more than 50,000 acres of field and forest. Farms, fisheries, weavers, smithies, a grist mill, a distillery were just part of his empire. (Boston Globe)
BofA Q3 loss reaches $2.24B Oct 17, 2009
BofA Q3 loss reaches $2. 24B - South Florida Business Journal. (South Florida Business Journal, FL)
BofA loss reaches $2.24B for third quarter Oct 17, 2009
67 percent of commercial real estate loans in the third quarter, up from $629 million in the previous quarter. The bank charged off $796 million in small-business loans, or 17. (Puget Sound Business Journal, WA)
New uptown center seeks to aid laid-off white-collar employees Oct 15, 2009
But the costs are minimal because real estate, equipment and other services and infrastructure have all been donated by area businesses ... Charlotte Real Estate. (Charlotte Business Journal, NC)
First Colony creditors seek cash Oct 11, 2009
Two local real estate professionals and a Raleigh bank have filed an involuntary bankruptcy petition against , saying the firm owes them more than $3 ... George Maloomian of real estate development firm , Meredith Dick Stoever of and filed the petition in U.S. Bankruptcy Court late last week ... Stoever says he is owed $43,500 for a loan he made to First Colony, a real estate firm, in 2007. (Charlotte Business Journal, NC)
Vaders Brea Lopez on path to NASCAR stardom Oct 11, 2009
When she s not involved with her racing team, Brea Lopez Motorsports, she dabbles in real estate and makes appearances as a motivational speaker. I like to go camping and play with my puppy, but I don t have a lot of spare time, she said. (Longview Daily News, WA)
BB&T's Allison picked for N.C. Hall Oct 10, 2009
BBlison going into N.C. Business Hall of Fame - The Business Journal of the Greater Triad Area. for free extra services. (Triad Business Journal, NC)
CREW Network honors local execs Oct 10, 2009
Charlotte-area businesswomen Kristin Pleasants and Peggy Howard Hey, both members of the chapter, have been chosen as two of this year s top 20 Under 40 women in commercial real estate by the CREW Network. Pleasants is a vice president at Wachovia Real Estate Securities, and Hey is a real estate manager at Carolinas HealthCare System ... Honorees were chosen based on their success in commercial real estate, commitment to the industry and leadership. (Charlotte Business Journal, NC)
Auction effort falls short for the developer of Gold Hill Commons Oct 9, 2009
There is demand for real estate here ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Report: BofA mulls emergency CEO Oct 6, 2009
WSJ: Bank of America mulls emergency CEO - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Pam Pack to honor versatile Phelps Oct 1, 2009
The affable Phelps, a retired travel consultant, was also in the hotel business for 20 years, and has added work in real estate and the insurance business on to his resume next to sports writer. The versatile Phelps has also had many homes to match his many ventures. (Washington Daily News, NC)
Its all business Sep 30, 2009
Jay Patel, 21, plans to get a certificate of completion in business so he can get into real estate. Moore is working on an associate of science degree in business with hopes of owning a clothing store. (Gillette News-Record, WY)
Large-loan bank losses triple old record, hit $53B Sep 26, 2009
"While we expected a year-over-year increase in problem assets, given the weak economic environment, declining (commercial real estate) values, and previously weak underwriting, we were surprised by the magnitude of the increase," wrote analyst Scott Valentin in a research note to clients Friday. Since 2007, banks have been crushed by mounting losses tied to real estate ... While the economic downturn was first pegged to residential mortgage loans, banks and lenders are now having problems with... (USA Today -- Money)
UNCC board taps local execs Sep 25, 2009
Real estate developer Mark Erwin, Chief Executive David Hauser and executive Laura Schulte have been named to the UNC Charlotte Board of Trustees. Erwin is president of , a family-owned company based in Charlotte that develops real estate in the Carolinas and Virginia. (Charlotte Business Journal, NC)
Investment group quietly builds holdings on north side of city Sep 25, 2009
photo JEN WILSON The group led by real estate investor Geoffrey Curme bought this Graham Street shopping center last month. When real estate investor Geoffrey Curme says he s going to use his northside real estate holdings for a baseball stadium, he s only kidding ... That would be the hope, says Doug Stephan, co-owner of real estate firm , one of the group s investors. (Charlotte Business Journal, NC)
Taking the pulse of the region's acute care centers Sep 21, 2009
The Republican-American. Monday, September 21, 2009 3:18 AM EDT. (Republican-American)
FBI in criminal probe BofA Merrill deal Sep 19, 2009
Report: Feds in criminal probe of BofAs Merrill purchase - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
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 ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Study: N.C. economy to contract this year Sep 16, 2009
The sectors with the largest expected declines are construction; finance, insurance and real estate; durable-goods manufacturing; retail trade; wholesale trade; nondurable-goods manufacturing; agriculture and government ... The sectors with the strongest expected growth forecasts are services; retail trade; wholesale trade; finance, insurance and real estate; transportation, warehousing, utilities and information; and government ... Charlotte Real Estate. (Charlotte Business Journal, NC)
First Colony exec backed millions in project loans Sep 12, 2009
Filings in U.S. bankruptcy court and suits filed by banks and investors illustrate how the real estate collapse caught up with First Colony ... Lenders that financed projects in North Carolina, Virginia and Florida have multi-million-dollar claims against McCrory, who typically wrote personal guarantees for real estate projects with her father, court filings show ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Streetcar debate heads toward a showdown Sep 12, 2009
In a perfect world, we would have a streetcar, says Ned Curran, a local real estate executive who this year led the Committee of 21, a group aimed at finding solutions to traffic and road problems ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Mortgage delinquency rates on rise Sep 11, 2009
Lower levels of employment, the pullback by consumers and other aspects of the slowdown translated into a difficult operating environment for many income-producing properties, says Jamie Woodwell, vice president of commercial real estate research ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Richardsons built $1B franchise Sep 9, 2009
Local real estate executive Johnny Harris, a member of the Panthers ownership group, described Jerry Richardson as robust and in charge after attending an owners meeting Tuesday ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Nine years worth of condos flood uptown Charlotte Sep 6, 2009
Most projects that were conceived during the housing boom are now in limbo or changing tack in light of the dismal economy and the sluggish pace of real estate sales ... Bill Miley, manager of the Charlotte market for real estate research firm , expects that trend to continue ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Details few as Panthers owner's sons resign Sep 3, 2009
What people need to understand is when you sell Jerry Richardson short, you better prepare to meet him head-on, said Johnny Harris, the local real estate developer who's been part of the ownership group since its inception. Beyond those elements, the details are hazy, as none of the three spoke beyond the words circulated by the team around noon. (Herald Online, SC -- Sports)
Regulators get tough on Metro Bank Sep 1, 2009
Metro Bank also was ordered to improve its loan review and credit risk management programs, including its concentration in commercial real estate loans. Nearly half of the bank s $304 million in loans as of June 30 were in commercial real estate ... South Florida Real Estate. (South Florida Business Journal, FL)
Former First Colony execs file Chapter 11 Sep 1, 2009
The founder of Charlotte suburban office developer and his daughter, who now leads regional real estate company , have both filed for Chapter 11 bankruptcy protection and have also put three of their companies into bankruptcy protection as well ... Over 36 years with First Colony, Brown developed more than $800 million of office and medical real estate throughout the Southeast, according to a release announcing the new firm last year ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Triad home sales drop 11.2% Aug 28, 2009
Triad home sales drop 11. 2% - The Business Journal of the Greater Triad Area. (Triad Business Journal, NC)
Fed survey: Banks say loan demand down Aug 18, 2009
Nearly all banks said that current standards for commercial real estate loans were higher than long-term average levels ... But nearly 90 percent of bankers said that lending standards were tighter than usual for both prime and nonprime residential real estate lending, including home equity lines of credit ... Washington Real Estate. (Washington Business Journal, DC)
BB&T launches $750M offering Aug 18, 2009
BBches $750M offering - The Business Journal of the Greater Triad Area. for free extra services. (Business Journal of the Greater Triad Area)
Schwab sued over auction-rate securities Aug 18, 2009
New York sues Schwab over auction-rate securities - The Business Review (Albany). for free extra services. (Albany Business Review, NY)
U.S. Treasury plans $2B in energy credits Aug 16, 2009
U.S. Treasury plans $2B in energy tax credits - Wichita Business Journal. for free extra services. (Wichita Business Journal, KS)
Buffalo, Chautauqua awarded housing funds Aug 15, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
Exclusive Subscriber Content Aug 13, 2009
Print Edition - Charlotte Business Journal. for free extra services. (Charlotte Business Journal, NC)
A dream pairing -- for Skipper Aug 13, 2009
When his caddie, local real estate developer Gene Ehmann, brought over a drink to help Jordan cope with the rising temperatures midway through Wednesday's round, Jordan asked what was on the beverage menu ... Charlotte Real Estate. (Charlotte Business Journal, NC)
Luxury builder files for bankruptcy protection Aug 13, 2009
Kentucky-based Cox Interior Inc., which manufactures interior wood products for the residential real estate market, is Impel s largest unsecured creditor, with a $28,672 claim ... Charlotte Real Estate. (Charlotte Business Journal, NC)
BFC Financial Q2 losses widen Aug 12, 2009
Part of that was due to fewer real estate sales at (Pink Sheets: WDGH), which BFC also owns a controlling interest in ... South Florida Real Estate. (South Florida Business Journal, FL)
State Street: $625M reserve may fall short of potential claims Aug 12, 2009
State Street: $625M reserve may fall short - Boston Business Journal. for free extra services. (Boston Business Journal, MA)
Georgia banks problems grow for fifth quarter in a row Aug 12, 2009
Atlanta banks are reporting, on average, 12 percent of their total loan portfolios are in some stage of delinquency, default or has become foreclosed real estate, according to a LLC analysis of second-quarter data ... The bank is one of the state s highest-profile residential real estate lenders ... CEO John Poelker, who replaced founding chief Gordon Teel last month, said the increase can be attributed fully to the continued malaise in residential real estate construction and sales. (Atlanta Business Chronicle, GA)
Clear Channel parent posts $3.7B net loss Aug 12, 2009
Clear Channel parent posts $3. 7B quarterly net loss - The Business Review (Albany). (Albany Business Review, NY)
Leahy & Assoc. now with Cornerstone Aug 11, 2009
now affiliated with Cornerstone Mortgage - Austin Business Journal. for free extra services. (Austin Business Journal, TX)
Jefferson Countys woes make title firms nervous Aug 8, 2009
Title companies insure financial loss from any defects in title in real estate and from any unknown existing liens on property ... Birmingham Real Estate. (Birmingham Business Journal, AL)
City employees to rally against cuts Aug 6, 2009
Union calls city employees to rally against proposed budget cuts - Austin Business Journal. for free extra services. (Austin Business Journal, TX)
Report: Wells Fargo modified 6% of loans Aug 5, 2009
Wells Fargo ranks low in govt report on foreclosure rescue - Atlanta Business Chronicle. for free extra services. (Atlanta Business Chronicle, GA)
Reading Tea Leaves on Late Loans Aug 4, 2009
"We still have a significant downward adjustment ahead of us in nonresidential commercial real estate," he warned. "It remains to be seen how that will evolve. There are a lot of elements on the credit side that haven't fully played out.". (American Banker)
Horizon Bank finally reports Q1 results Aug 4, 2009
Updated real estate appraisals and market research we utilize to value the underlying collateral for our problem loans reflect the unfortunate conditions that real estate prices continue to be adversely impacted in our Pacific Northwest markets, said Rich Jacobson, president and CEO, in a statement. Analysts polled by Thomson Reuters First Call expected a first-quarter loss of $1. (Puget Sound Business Journal, WA)
Verizon to cut 8,000 workers Aug 2, 2009
The company had already slashed 8,000 jobs in the last year, and will continue to cut costs in network integration, travel and real estate ... San Francisco Real Estate. (East Bay Business Times, CA)
Mastros plight threatens private investors Aug 1, 2009
Mastros plight threatens private investors - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
