GOLDEN SPIKE Boom times for precious metal Nov 12, 2009
The Republican-American. Thursday, November 12, 2009 3:14 AM EST. (Republican-American)
Americans getting feed up Nov 12, 2009
The Obama administration has taken over the banking industry, the automobile industry and is making inroads into the real estate industry while doing its dead level best to control the health care industry while school children are forced to sing praises to our miraculous leader. The Hill is doing its best to destroy our petroleum industry with Cap and Trade looming on the horizon. (New Iberia, LA)
Market Tools Nov 11, 2009
Web Web Search by YAHOO. Caution returned to the stock market Tuesday as investors decided to slow an advance that has lifted the Dow Jones industrial average 475 points in five days. (The Palm Beach Post)
Famous Movie House For Sale, Anyone... Anyone... Bueller? Nov 10, 2009
Wednesday morning, Mark and Llly spoke with the real estate agent who's selling the mansion. If you missed it, check out the video of the segment that aired on Q13 FOX News This Morning. (FOX61, CT)
In brief: New Jones Lang exec | River North stores | New sub chain Nov 7, 2009
Sarca and Odile, represented by Chris Schramko of Schramko Real Estate Corp., signed a five-year lease in the Fordham for a combined 2,940 square feet that had previously been a Washington Mutual bank branch ... Chicago-based Zuric Real Estate Development LLC lost its financing last year because of market conditions and work stopped on the project, which was to have 32 condominiums, five retail spaces and underground parking. (Crain's Chicago Business)
Options In Focus: “UUP, UUP and Away” Nov 6, 2009
com - Options In Focus: UUP, UUP and Away. eIBD Investor's Business Daily Digital Edition. (Investors Business Daily)
Neko Case on evolutionary path to destinations unknown Nov 5, 2009
I didn't want them to feel they have to be super quiet. You can't have a show without an audience. (Seacoast New Hampshire)
Beer distributor Reyes Holdings expanding in HQ move Nov 5, 2009
On River Road, Reyes Holdings will sublease 69,184 square feet from real estate investment management firm Deerfield Capital Corp., which is downsizing, according to people familiar with the deal. Reyes Holdings, which is also the biggest supplier in the U.S. to McDonalds Corp., could lease additional space directly from the landlord, Munich, Germany-based GLL Real Estate Partners GmbH. ... How much additional space Reyes Holdings may take at One OHare Centre could not be determined, but... (Crain's Chicago Business)
Nonprofits view real estate as revenue Nov 4, 2009
More nonprofits are looking at their real estate and seeing dollar signs, according to a national survey by ... This year, 39 percent of the respondents consider real estate as an alternate source of income, up from 34 percent last year ... This year, more 501 (c)(6) organizations (42 percent) say they were looking at real estate as a revenue strategy, compared with 36 percent of the 501 (c)(3) organizations. (Charlotte Business Journal, NC)
Summer traffic up for Google, down for Microsoft Nov 4, 2009
Knol will only increase the time spent on Google real estate. The analysis is fine. (Yahoo News -- Internet and WWW)
McPier swamped by recession as revenues dive Nov 4, 2009
Prior to that, he was co-chairman and CEO of CenterPoint Properties Trust, a real estate investment trust, for 22 years. Mr. Gates replaced , a partner at Chicago-based law firm Ungaretti s, who resigned last month. (Crain's Chicago Business)
Open restaurant spaces find new life Nov 4, 2009
Locations in prime spots, such as Buckhead's main retail center, are still rare to find at drastically reduced rates, said Harold Shumacher, president of the Shumacher Group, an Atlanta restaurant real estate brokerage firm. Developers resist lowering ratestoo much becausea slightly lower monthly rent can add up over the life of a long-term lease, he said. (Atlanta Journal-Constitution -- Business)
Swine flu poses a costly decision for millions Nov 2, 2009
Last year, Chicago real estate agent Jen Sanders was felled for five days by the seasonal flu after forgoing a flu shot for the first time in a decade. Stuck at home, she had to call other real estate agents to attend everything from home inspections to showing listings to potential buyers so she wouldn't risk losing her commission. (MSNBC -- Health)
Inland Western defaults on loans, warns of more Nov 2, 2009
(Crains) has defaulted on some property loans and pushed back maturity dates of others as it tries to address a mounting cash crunch amid the global financial crisis and a deteriorating real estate market. Inland Western, one of four real estate investment trusts (REITs) founded by Oak Brook-based , must pay back $1 billion in debt this year, more than any other U.S. shopping center owner ... The company aims to refinance some properties with new loans and sell off others to raise cash,... (Crain's Chicago Business)
Owners settle in Oct 31, 2009
2 billion buyout led by real estate magnate Sam Zell. Tribune, which retained a 5 percent stake in the team, filed for bankruptcy last December. (ESPN -- Baseball)
On Bravo, there’s always a moral to the story Oct 31, 2009
Jeana is a real estate agent who used to sell homes in Coto for $2 million-plus, but her market has dried up and her marriage is over ... Somewhere in the network s saucy reality-series tumult - amid the housewives catfights and the sharp-as-knives insults between competing chefs, amid all those narcissistic salon owners and assorted, pouty fashionistas and real estate flippers - the cable network has developed something that can only be described a defined moral center. (Boston Globe)
Feds pursue fund manager they say stole $1M Oct 31, 2009
Mr. Hamilton also faked real estate sales to the fund and withdrew money to pay himself for the sham property sales, regulators say. Mr. Hamiltons alleged misdoings date back to 2004, but were only discovered in June after the Chicago-based National Futures Assn. opened an audit in response to an investor complaint that Mr. Hamilton had blocked withdrawals from the fund, according to an affidavit in the case. (Crain's Chicago Business)
MBAs Confront a Savage Job Market Oct 30, 2009
Says the aspiring real estate asset manager, now seeking employment: "I had to accept the fact that I was going to graduate from a top 10 business school without that job.". He's not alone. (BusinessWeek)
Bank improperly blocks new Muvico deal at Block 37: Freed Oct 28, 2009
The developers filings also say the bank didnt show that CB Richard Ellis has the development expertise required to complete the project, and note that the real estate services firm has conflicts of interest because the firm represents competing retail projects and has represented several current Block 37 tenants and two former tenants: David Barton Gym, which backed out its lease; and athletic clothier Lululemon, which is suing to cancel its lease. Because (CB Richard Elliss)... (Crain's Chicago Business)
Consumer confidence slide portends gloomy holiday Oct 28, 2009
The Standard & Poor's/Case-Shiller , which studies real estate transactions in 20 major cities, showed home prices rose in August, the third straight monthly increase and a sign that a housing recovery might be taking hold. The measure showed the home price index climbed 1% from July to a seasonally adjusted reading of 144. (USA Today -- Money)
Become Obama's Neighbor for $1.5M+ Oct 28, 2009
" Since the house went on the market in the middle of September, more than 60,000 inquires have flooded in. The house has its own Web site too, , which has since had more than 100,000 hits. But the initial interest failed to produce many actual offers: After a month on the market, there has not been one serious offer. The real estate company has been forced to set an asking price -- $1.85 million -- when the house gets posted today on a Multiple Listing Service. Matt Garrison, the house's real... (ABC News -- Business)
South Carolina steps up efforts to woo Boeing Dreamliner Oct 28, 2009
South Carolina steps up efforts to woo Boeing - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
McPier makes real estate exec new chairman Oct 28, 2009
(Crains) A veteran real estate developer has been chosen to be the next chairman of the entity that oversees McCormick Place and Navy Pier ... Mr. Gates is chairman and CEO of Portae Co., a private investment firm, and former co-chairman and CEO of CenterPoint Properties Trust, an industrial real estate management and development firm that he helped start ... He is a valuable asset, thanks to his experience with public agencies and skills in finance, real estate and construction,... (Crain's Chicago Business)
PrivateBancorp logs loan losses on CEO Richman's watch Oct 27, 2009
Thats given investors comfort, even as PrivateBancorps bad commercial real estate loans have mushroomed during the economic crisis. That comfort is gone now. (Crain's Chicago Business)
* Companies in US plan to hire, spend into next year Oct 27, 2009
The service-industries group, which includes retailers, health-care providers, hotels and restaurants, had the most positive outlook on employment, followed by finance, insurance and real estate. On net, manufacturers said they planned more job cuts over the next six months, the report showed. (Taipei Times, Taiwan -- World)
Economists forecast hiring, GDP increasing Oct 26, 2009
Finance, insurance and real estate also posted gains. Demand in transportation, utilities, information and communications did wane, but at a slower pace than the first half of the year. (MSNBC -- Business)
Companies in U.S. Plan to Boost Hiring, Invesment Into 2010, Survey Shows Oct 26, 2009
The service-industries group, which includes retailers, health-care providers and hotels and restaurants, had the most positive outlook on employment, followed by finance, insurance and real estate. On net, manufacturers said they planned more job cuts over the next six months, the report showed. (Bloomberg -- US)
More of this story Oct 25, 2009
The Bartlesville Examiner-Enterprise was voted best local Web site by on-line readers and RE/MAX of Bartlesville was tabbed as best real estate agency. In the medical services field, Green Country Village and Retirement Community ranked number one for best assisted living community. (Bartlesville Examiner-Enterprise, OK)
Cubs days away from changing hands Oct 24, 2009
The proceeds from the sale will be used to pay Tribunes biggest creditors, including J. P. Morgan Chase which lent real estate mogul more than $8 billion in 2007 to take control of what was then a publicly traded company. What do you think. (Crain's Chicago Business)
Ultrahigh-end homes slow to sell in crowded market Oct 23, 2009
"It used to be when we showed a $3 million house, we'd show three or five," said Jaime Adams, a real estate agent with Adams & Myers Realtors, Hinsdale, Ill ... "It tells you a lot, on a home that already has come down $1.7 million," said Lisa Trace, a real estate agent with Griffith, Grant & Lackie Realtors in Lake Forest. (Herald Online, SC -- Lifestyles)
Concordia turning dirt on baseball field Oct 22, 2009
Concordia U. breaking ground on baseball field - Austin Business Journal. for free extra services. (Austin Business Journal, TX)
Up to 3,000 homes proposed for ex-Ryerson site Oct 22, 2009
Mr. Kelly, a veteran commercial real estate lender, is chairman and CEO of Oak Park-based bank holding company , which owns Park National ... Amid the real estate crisis, FBOP has suffered increasing loan losses, and regulators recently ordered the company to raise capital ... Learn what type of real estate is faring the worst and why many havent been scooped up by. (Crain's Chicago Business)
Boeing loses $1.6B in Q3 Oct 22, 2009
6B in Q3 - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
Stocks erase gains in final hour on concern over banks Oct 22, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Slight Holiday Sales Increase Forecasted Oct 21, 2009
Real Estate Information. Sponsored Links. (KSBW 8, CA)
IVY PRIDE: The Next Trend in Meeting Your Mate Oct 20, 2009
Anderson, who also has a day job as a real estate development attorney, said the answer is most likely yes. "If you hear about this party of Harvard, Yale, University of Chicago and MIT alums getting together, and you say that sounds like a lot of fun, and I could use a little smart, sexy fun in my life, I would venture to guess that you'd be a dynamic, engaged, fun person who would add to the party," said Anderson. (ABC News)
Earnings blitz to test US markets mettle this week Oct 19, 2009
Youre going to hear a lot about commercial real estate this week, with a lot of regional banks reporting their earnings, said NorthStars Kuby. Throughout this entire 7-month rally, the two areas of concern that people continue to point out are the consumer and commercial real estate. (The Star Online, Malaysia -- Business)
Kendall trying again to sell Goose Island campus Oct 18, 2009
The option includes the real estate ... As the turmoil in the commercial real estate mortgage market drags on, buyers and lenders are carefully scrutinizing the creditworthiness of tenants. (Crain's Chicago Business)
No Punches, Just Praise As Tyson, Holyfield Meet Oct 17, 2009
Learn how you can avoid the top 10 real estate nightmares. Try these simple and fun ways to break out of your routine and find a more positive, confident you. (KSBW 8, CA)
Dow crosses 5 figures Oct 15, 2009
Commercial real estate loans still threaten U.S. banks and the larger economy. With more than 7 million jobs lost in the recession, office space has sat empty and developers have defaulted on their loans. (The Augusta Chronicle)
Mortgage Madness, Again Oct 15, 2009
Given the collapse in real estate prices, the weak economy and the epidemic of foreclosures, banks are acting with more caution than before. They now commonly require home buyers to make down payments of 20 percent to qualify for a loan. (Townhall.com)
Editorial Roundup Oct 14, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
An incentive for buyersDeadline near for homebuyers using tax credit Oct 13, 2009
Ron Rogers, a real estate agent with Coldwell Banker Holman Premier Realty, said the approaching deadline to take advantage of the government incentive, which does not have to be repaid, appears to be providing more motivation ... Lisa Stewart, owner of Signature Real Estate Services, said while just 25 percent of her buyers qualified for the tax credit, it helped during a time when the Klamath County market had significant reductions in price and sales ... Closing: The final exchange in the... (Klamath Falls Herald & News, OR)
Morning roundup-- Cougar attacks, kills family dog-- Motorcyclist in serious condition-- Homebuyers can still get tax credit Oct 13, 2009
There's also been speculation the credit may be continued, local real estate agents say. Home sales increasing: August home sales, although lower than in July for completed transactions, showed an increase in pending sales and an increase in the median sales price. (Klamath Falls Herald & News, OR)
Chicago Fares Could Soon Be Among Nation's Highest Oct 13, 2009
The agency is receiving 30 percent less income from sales and real estate taxes than expected. Many cities face similar woes and also have raised ticket prices, including New York, which boasts the nation's biggest mass-transit system. (ABC News -- Wire)
Aye Carumba! Marge Simpson poses for Playboy cover Oct 10, 2009
"But he stressed that the mother of three the youngest a baby, by the way has a lot to be proud of."She is a stunning example of the cartoon form," he said on Friday at the magazine's headquarters in Chicago, appearing both pleased and surprised at the words coming out of his mouth.For Playboy, which has seen its circulation slip from 3.15 million to 2.6 million since 2006, putting Marge on the cover was designed to attract younger readers to a magazine where the median age of readers is 35,... (Seacoast New Hampshire)
Jewish Federation buys suburban site for retirement home Oct 10, 2009
McGuire and Ceisel, now both deceased, originally bought 20-some acres there in the early 70s from a farmer, says Mr. McGuires son, Michael, a principal with Carpentersville-based real estate investment firm McDewey Properties LLC. Mr. McGuire assisted with this deal and the sale of the groups other two office buildings to Walgreen Co.. Related story. (Crain's Chicago Business)
Key ShoreBank executive leaves lender Oct 10, 2009
James Bringley, ShoreBanks senior vice-president in charge of real estate lending, departed within the last few weeks after more than three decades at ShoreBank, a spokeswoman confirmed ... Commercial real estate loans, including loans to apartment building owners, which played such a large role in ShoreBanks success, now are generating losses. (Crain's Chicago Business)
In brief: Chicago 2016 HQ | Law firm move | Turtle Wax Oct 10, 2009
Mirvac, an Australian real estate investment trust, took control of the Willowbrook building in 2005 in a 68-property joint-venture deal with Oak Brook-based CenterPoint Properties. What do you think. (Crain's Chicago Business)
Dreier Loses Law License Oct 10, 2009
Marc S. Dreier, 59, the former sole equity partner of 250-lawyer Dreier LLP who in May pleaded guilty in federal court to selling more than $700 million in bogus real estate and pension plan notes, was disbarred Thursday. "As respondent's criminal offenses, if committed under New York law, would constitute felonies, they are a proper predicate for automatic disbarment," the New York Appellate Division, 1st Department, wrote. (Law.com)
No more goats Oct 9, 2009
Lobsang Dargey makes transition from Tibetan monk to successful real estate developer - bizjournals ... Lobsang Dargey makes transition from Tibetan monk to successful real estate developer ... From Tibetan monk to being a successful real estate developer, landlord and property manager is pretty incredible, said Mike Deller, CEO of the. (San Jose Business Journal, CA)
Reyes brothers join ranks of ultra-rich on Forbes 400 list Oct 9, 2009
Missing from the 2009 ranking are real estate investor Matthew Bucksbaum and family and investment manager John Calamos and family ... Real estate magnate and Tribune Co. CEO , members of the Pritzker family, entertainment mogul and Morningstar Inc. owner were among the 18 Chicagoans on the most recent Forbes 400 list. (Crain's Chicago Business)
CTA eyes $122M in cuts to help plug $300M gap Oct 8, 2009
Because of the recession, revenue from retail sales and real estate transfer taxes, from which all three benefit, has fallen. The CTA's portion of the tax revenue is 34% lower than originally estimated. (Crain's Chicago Business)
BNIA flights on time, majority of time Oct 8, 2009
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
Mass. energy co. plugs into Buffalo Oct 8, 2009
energy co. plugs into Buffalo - Business First of Buffalo. for free extra services. (Buffalo Business First, NY)
Student housing planned for Plymouth Building Oct 8, 2009
The deal marks another local investment by Mr. Conlons new fund, Conlon Real Estate Opportunities Fund L.P. The native Irishman raised $27. 5 million from Irish investors, including Dublin-based insurer Liberty Asset Management Ltd. Mr. Conlons fund also bought a site in River West and plans a seven-story apartment building there. (Crain's Chicago Business)
Northbrook retail center fetches $15 million Oct 8, 2009
The Sanders Court property, first built in 1974, was under contract to another buyer who ultimately walked from the deal because of the economys meltdown, says Michael George, president of Oakbrook Terrace-based Mid-America Real Estate Corp., who represented the sellers in the transaction. The turmoil in financing markets, the turmoil in valuations and the turmoil in just tenant health all caused people to be very cautious, says Mr. George, who wouldnt name the prospective buyer. (Crain's Chicago Business)
Boeing takes $1B charge for 747-8, citing higher costs Oct 7, 2009
Boeing to take $1B charge for 747-8 program - Puget Sound Business Journal (Seattle). for free extra services. (Puget Sound Business Journal, WA)
37 comments Oct 7, 2009
Upon arrival, Mrs. O, her "chit-chat buddy," Chicago-based talk-show queen Oprah Winfrey, and Chicago powerbroker/interest-conflicted real estate mogul/senior White House adviser Valerie Jarrett immediately embarked on a grueling, grip-and-grin campaign to secure the Olympics for their hometown. Our smile muscles ache in sympathy. (Human Events Online)
Learn How to Prosper in Commercial Real Estate With This Comprehensive Book -- New Book is An Official Entry At This Year's California Library Association Regional Book Exhibit Oct 7, 2009
CHICAGO, Oct. 6, 2009 (GLOBE NEWSWIRE) -- In the world of real estate, money is the name of the game ... These are some of the lessons that are waiting to be discovered in Intent to Prosper: Vol. 1, Commercial Real Estate, a new book authored by Chicago attorney R. Kymn Harp ... Intent to Prosper is a comprehensive guide that offers a witty and unique look into the world of commercial real estate, with strategies and insights useful to experienced commercial real estate professionals and... (Primezone Releases)
Weber grills maker signs big industrial lease Oct 6, 2009
Amid the slowdown in the industrial real estate market, landlords are becoming more creative in their efforts to make deals. While some building owners would have focused on filling the 125,000 square feet that Exel had already vacated, ING Clarion saw a larger deal to be made, Mr. Franzese notes. (Crain's Chicago Business)
The 'Vacancy' Blight: Finding New Uses for Empty Stores Oct 4, 2009
That's the highest percentage of vacancies since 1992 what you get when you mix a bad recession with a commercial real estate bust (thanks to years of overzealous building) ... Such endeavors are not going to solve the retail real estate glut. (Time.com)
The Looming Crisis in Commercial Real Estate Oct 4, 2009
As a result, many borrowers will likely default, leading to losses on securitized mortgages of $50 billion or more and losses of at least $200 billion on commercial real estate loans overall, according to Deutsche analyst Richard Parkus, who authored the report ... Financial analysts believe government incentives to banks to extend existing commercial real estate loans will be necessary to limit the damage ... Most mortgages for commercial real estate office and apartment buildings, hotels,... (Time.com)
W.H. Attacks Glenn Beck Blog Post Oct 2, 2009
As for the suggestion from Beck's guest that Obama adviser Valerie Jarrett will benefit financially from the Olympics in Chicago due to her real estate holdings there, the White House said the "reality" is that Jarrett, "upon entering government, divested all her real estate investment holdings except for a single investment that has nothing to do with the Olympic bid.". It didn't matter that it was also Beck's guest, and not Beck himself, that said "Chicago is closing the government several... (Newsmax)
New Century attempts to get ahead of possible fed order Oct 2, 2009
(Crains) , the Chicago commercial real estate lender run by , is attempting to raise capital to meet requirements of a regulatory order the bank has told its investors it expects to receive in the near future ... In a letter to shareholders, Ms. Pantazelos, chairman and CEO, said the bank expects its primary regulator, the Federal Deposit Insurance Corp., to issue an order requiring New Century to raise capital, reduce its reliance on commercial real estate loans and cut its level of... (Crain's Chicago Business)
