Troubled owners often redefault Oct 1, 2009
By ALAN ZIBEL, AP Real Estate Writer. Wednesday, September 30, 2009. (San Francisco Chronicle -- Business)
Calkain Cos. names new CFO Sep 26, 2009
He will be in charge of the accounting, tax, and strategic planning areas of four divisions at the Reston-based real estate services company ... Washington Real Estate. (Washington Business Journal, DC)
Brown Investment sells apartments Sep 24, 2009
The 144-unit complex on Yanceyville Street was sold to Havens Properties Inc., a commercial real estate firm in Richmond, Va. According to Greensboro-based Brown, the deal was closed on Sept. 16 and commercial real estate broker and multifamily specialist Hal Kern handled the sale for Brown. (Business Journal of the Greater Triad Area)
Cruise night Sep 16, 2009
INDEPENDENT-ENTERPRISE. NEWSPAPERS IN EDUCATION. (Ontario Argus Observer, OR)
So You Wanna Own An Historic House? Sep 14, 2009
With the wiggly real estate market here of late, I have had some interesting reactions to the historic Tuck Hill House. Of the many folks who have toured the house (both with agents and on their own during Open Houses), there have been probably 8-12 really interested parties who exhibited appreciation for the intrinsic value of one of our most valuable historic properties. (McKinney Courier-Gazette, TX)
VRS Releases 2009 Returns Sep 5, 2009
"Fiscal year 2009 was a difficult year for the economy and the financial markets. As a long-term investor, VRS maintains significant exposure to equity, credit and real estate investments, and all suffered significant losses in market value last year. While the economic outlook remains challenging, we believe the portfolio remains well-positioned to produce attractive returns over intermediate and longer term horizons," said Chief Investment Officer Charles W. Grant ... The real estate return... (PR Newswire)
Over 1,400 Acres of Prime Virginia Real Estate to Sell at Auction Aug 28, 2009
Aug. 27 /PRNewswire/ -- Nicholls Auction Marketing Group () announces the auction of over 1,400 acres of prime Virginia real estate, according to John Nicholls, president of the company. "We are honored to have been chosen to sell via the auction method of marketing over 1,400 acres of prime Virginia real estate in September," said Nicholls ... "This is one of the most prominent real estate auctions ever to be conducted in this region. It is rare that the opportunity comes along to purchase such... (PR Newswire)
King shares passion for the Avenue Aug 26, 2009
I know it seems rather strange that a minister would be a real estate owner, he said. I was born into it. (Roanoke Rapids Daily Herald, NC)
Hamming it up for Black Forest Aug 24, 2009
Sunday, August 23, 2009. In households across America, lunch boxes have been dusted off and fridges filled with cold cuts. (San Francisco Chronicle)
More Taxes are Not the Answer Aug 19, 2009
Unfortunately, much of the discussion has already turned to equalizing the real estate tax rate ( 199 million) and increasing the motor vehicle fee ( 27 million) to eliminate 226 million of the shortfall. I am still opposed to the motor vehicle fee since I see it as just another way to pick the pockets of our citizens; not to mention the fact that it is not tax deductible on income tax returns like the real estate tax is and it is more regressive ... During the seven years before I joined the... (Fairfax Chronicle, VA)
Lake Anna Island Complex grows The development will be getting a 15,000-square-foot building called The Island Shops that will house two restaurants, a fitness center, a clubhouse and several businesses. Aug 14, 2009
"We're looking for completion by the end of March or the beginning of April. Right now there's just the docks, boat slips and a real estate office," said B.J. Blount of Lake Anna Realty, who is chairman of the Lake Anna Chamber of Commerce and a partner in the development. J.A. Snyder Entities in Stroudsburg, Pa. (Fredericksburg.com, VA)
Two Virginia Residents Sentenced for Their Role in Scheme to Defraud Clients of Funds Allegedly Held in Trust Aug 14, 2009
Coleman admitted that after obtaining clients' exchange proceeds with that false promise, she and others misappropriated approximately $132 million in client funds to support the lavish lifestyle of the owner of 1031TG, pay operating expenses for the owner's various companies, invest in commercial real estate and purchase additional qualified intermediary companies to obtain access to additional client funds. In addition, Coleman admitted that she lied to federal investigators about statements... (PR Newswire)
Health care progress seen on Capitol Hill Jul 30, 2009
Thursday July 30, 2009. Today's most viewed articles. (Seacoast New Hampshire)
Southern National Bancorp of Virginia Inc. Reports Reduced Earnings for the Second Quarter and First Half of 2009 Jul 25, 2009
Noninterest income for the first six months of 2009 included a gain on sale of securities of $223 thousand and gain on other real estate owned of $117 thousand, which is offset by the OTTI charge recognized totaling $863 thousand. Noninterest income for the same period last year included a net loss on other real estate owned of $175 thousand ... June 30, December 31, 2009 2008 --------- --------- Mortgage loans on real estate: Commercial $ 126,998 $ 104,866 Construction loans to residential... (Primezone Releases)
Bank of McKenney Reports Stable Results in Core Growth and Earnings for the Second Quarter and Year-to-Date Jul 18, 2009
BANK OF MCKENNEY AND SUBSIDIARY Consolidated Balance Sheets Summary Data June 30, 2009 (unaudited) and December 31, 2008 June 30, December 31, ASSETS 2009 2008 ---- ---- Cash and due from banks $6,083,596 $6,847,451 Federal funds sold 908,000 858,000 Interest-bearing time deposits in banks -- 1,540,252 Securities available for sale, at fair market value 26,075,430 28,998,239 Securities held to maturity, at book value 3,925,529 956,448 Restricted investments 794,725 789,525 Loans, net 116,594,976... (PR Newswire)
Virginia recognized among '5 Best States to Start a Business' Jul 18, 2009
Last month, Pollina Corporate Real Estate Inc., a top U.S. corporate site relocation expert, ranked Virginia first in its annual study of pro-business states, marking the third time for the third time overall. During Governor Kaine's administration, Virginia has also been recognized as the most business-friendly state in America (Forbes. (Chatham Star Tribune, VA)
Want to Buy a GM Robot? Jul 17, 2009
Real estate broker Barbara Wright said GM will have a tough time trying to unload its real estate holdings in a sagging property market ... The company plans to leave behind 16 plants and associated real estate in Delaware, Ohio, New York, Indiana, Pennsylvania, Virginia and Michigan, as well as an industrial park in Anderson, Ind. (ABC News)
Community Loan Fund offers tax workshop Jul 16, 2009
for free extra services. Subscribe to The Business Review. (Albany Business Review, NY)
StellarOne Corporation Announces the Sale of a Financial Service Center Jul 14, 2009
The branch sale, which is subject to regulatory approval, includes all deposit accounts, fixed assets, and real estate. At June 30, 2009, the branch reported deposits of $15. (Primezone Releases)
Woman says she hooked ex-New York Gov. Spitzer up with prostitutes for 18 months Jun 3, 2009
Law enforcement officials have said Spitzer, the millionaire heir to a New York real estate fortune, had spent tens of thousands of dollars, perhaps as much as $80,000, on the high-priced escort service's women. Lewis, a Brooklyn resident and University of Virginia graduate who majored in English, worked at the escort service from October 2006 until her arrest in March 2008. (The Palm Beach Post)
Ex-lawyer facing embezzlement charges A former local attorney was indicted on criminal charges yesterday in Stafford Circuit Court. Jun 2, 2009
Jones provided a variety of legal services, including criminal defense, real estate and family law. Jones was initially suspended June 27 of last year, court records show. (Fredericksburg.com, VA)
Bank of Virginia Announces First Quarter 2009 Earnings May 14, 2009
50 par value; 40,000,000 shares authorized; 3,031,866 and outstanding in 2009 and 2008, respectively 7,580 7,580 Additional paid-in capital 14,708 14,705 Retained deficit (5,813) (5,914) Accumulated other comprehensive income 309 (55) --------------------------------------------- --------- --------- Total Stockholders' Equity 16,784 16,316 --------------------------------------------- --------- --------- Total Liabilities and Stockholders' Equity $ 221,866 $ 203,712... (Primezone Releases)
Wal-Mart secures building permit, could start construction within 'weeks' May 7, 2009
In November, Wal-Mart Real Estate Business Trust agreed to pay 2. 2 million for the tract, which was owned by Appomattox-based Courtland Realty Associates. (Appomattox Times Virginian, VA)
Assessments decline in city Fredericksburg real estate assessments show decrease May 2, 2009
com - Fredericksburg real estate assessments show decrease ... Fredericksburg real estate assessments show decrease ... The City Council's current budget proposal calls for it to raise the real estate tax rate to make up for the loss in value, and then add some to bring in $1. (Fredericksburg.com, VA)
Community Financial Reports Annual Results May 1, 2009
The increase in the provision for loan losses is primarily related to both the increase in our lending and an increase in charge-offs and anticipated charge-offs related to loans for which we have established specific reserves based on the continuing deterioration of the real estate market ... Except for the historical information in this press release, the matters discussed may be deemed to be forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of... (Primezone Releases)
A skill that will last a lifetime Apr 29, 2009
The real estate for these gardens will be on one of the roof tops on the HUF property. The gardens, which can be used to grow vegetables, herbs and spices, will be kept in kiddie swimming pools. (Milton Standard Journal, PA)
From Six-Figure Salaries To Food Stamps Apr 18, 2009
CBS Evening News: Even The Solidly Middle Class Turning To Welfare After Losing Jobs. With some 13 million Americans unemployed, many solidly middle-class families that never believed they would have to rely on welfare are doing exactly that. (CBS News)
Scientists get serious about bedbugs Apr 16, 2009
NEWSPAPERS IN EDUCATION. The problem seems to be increasing and it could definitely be worse in densely populated areas like cities, although it can be a problem for anyone, said Lois Rossi, director of the registration division in the EPA s Office of Pesticide Programs. (Ontario Argus Observer, OR)
A good way to recoup home fees Apr 11, 2009
Just as stock investors console themselves in knowing that today's troubled market doesn't really matter if they don't sell now, homebuyers who put down roots won't worry about selling at a loss should real estate prices slide further ... Although he now works as a fee-only financial planner, Richard Kahler spent 30 years as a real estate agent ... Another old real estate rule, or oft-repeated maxim, is "buy the biggest and best you can." The idea is that if young buyers purchase a home that can... (Seacoast New Hampshire)
Genworth Will Not Participate in the U.S. Capital Purchase Program Apr 10, 2009
Risks relating to the company's U.S. Mortgage Insurance segment, including the company's review of strategic alternatives for the segment, increases in mortgage insurance default rates or severity of defaults, deterioration in economic conditions or a decline in home price appreciation, the effect of the conservatorship of Fannie Mae and Freddie Mac on mortgage originations, the influence of Fannie Mae, Freddie Mac and a small number of large mortgage lenders and investors, decreases in the... (PR Newswire)
Treasury seeks more investment in asset plan Apr 7, 2009
The government is relying on private investors to purchase poorly performing real estate investments weighing on bank balance sheets. advertisement. (MSNBC -- Business)
Lawmakers update business leaders Apr 4, 2009
At 46 cents, Goldsmith said the county's real estate rate is one of the four or five lowest in Virginia. Byron also had a bit of good pocketbook news. (Altivista Journal, VA)
Senate takes on out-of-network insurance issue Mar 28, 2009
Unable to submit Real Estate, Services, and Business Investements at this time. Map the Valley. (Hanford Sentinal, CA)
DIRECTV Strikes New Deal With Warner Bros. Domestic Television Distribution to Bring Smith, The Nine and Eyes Back to Primetime with Never-Before-Seen Episodes Beginning April 8 Mar 24, 2009
DIRECTV Strikes New Deal With Warner Bros. Domestic Television Distribution to Bring Smith, The Nine and Eyes Back to Primetime with Never-Before-Seen Episodes Beginning April 8: Financial News - Yahoo. (Yahoo! Wire -- Entertainment News)
Toll Brothers Ranked 1st Among Home Builders in 5 of 9 Categories in Fortune Magazine's Most Admired Companies 2009 Survey Mar 20, 2009
Source: Toll Brothers, Inc.. March 20, 2009 (GLOBE NEWSWIRE) -- Toll Brothers, Inc., (NYSE: - ) (), the nation's leading builder of luxury homes, ranked #1 in five of the nine rating categories among Home Builders in Fortune magazine's recently released list of World's Most Admired Companies 2009. (Primezone Releases)
Clay Becomes First Central New York Municipality to Award TV Franchise to Verizon Mar 18, 2009
TV Service Expected Later This Year. NEW YORK, March 17 /PRNewswire/ -- Clay, N.Y., stand up and take a bow. (Yahoo! Wire -- Entertainment News)
Photo Release -- Northrop Grumman Names R. David Carlton Vice President and Sector Counsel Mar 16, 2009
Source: Northrop Grumman Corp.. LOS ANGELES, March 16, 2009 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: - ) has appointed R. David Carlton vice president, associate general counsel and sector counsel for its Technical Services sector. (Primezone Releases)
MORE AIG NEWS: Company gave billions of its bailout aid to U.S., foreign banks Mar 16, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
CAPITOL GAINS Mar 15, 2009
On Thursday, Sept. 25, 2008, a week after the Bush administration rolled out the Troubled Asset Relief Program, and days before Congress would pass the bill, a local light-hearted real estate newsletter ran the headline "GOLDMAN MOVING TO ROSSLYN," referring to the Northern Virginia neighborhood just across the Potomac River from Georgetown ... And that means: Demand for real estate. (New York Post -- Opinions)
Corporate Citizenship is Multi-Million Dollar Tradition for Cox Mar 14, 2009
Source: Cox Communications. Northern Virginia Nonprofits Benefit from $10 Million in 2008. (Yahoo! Wire -- Entertainment News)
Bank of Virginia Announces Fourth Quarter and Year End Results for 2008 Mar 14, 2009
As of and for the Quarter Ended Dec. 31, Sept. 30, June 30, March 31, Dec. 31, 2008 2008 2008 2008 2007 --------- --------- --------- --------- --------- Asset Quality Analysis: Allowance for loan losses: Beginning balance 1,525,551 1,419,977 1,389,977 1,276,726 1,178,361 Provision 1,515,500 105,574 30,000 113,251 98,365 Charge-offs (98,063) -- -- -- -- Recoveries -- -- -- -- -- --------- --------- --------- --------- --------- Net charge- offs (98,063) -- -- -- -- --------- --------- ---------... (Primezone Releases)
Small Businesses Can Now Order Verizon FiOS TV for Business for as Low as $12.99 per Month Mar 13, 2009
Small Businesses Can Now Order Verizon FiOS TV for Business for as Low as $12. 99 per Month: Financial News - Yahoo. (Yahoo! Wire -- Entertainment News)
Institutional Investor Magazine Names Toll Brothers 'Most Shareholder Friendly' in Homebuilding Sector Mar 12, 2009
Source: Toll Brothers, Inc.. March 11, 2009 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: - ), (), the nation's leading builder of luxury homes, today announced that Institutional Investor Magazine has ranked Toll Brothers, Inc. as the Most Shareholder Friendly Company within the Homebuilding/Building Products Sector for 2009. (Primezone Releases)
Coachmen Announces Temporary Plant Closure Mar 11, 2009
Actual results may differ materially from that projected or suggested due to certain risks and uncertainties including, but not limited to, the potential fluctuations in the Company's operating results, price volatility of raw materials used in production, the availability and cost of real estate for residential housing, the supply of existing homes within the company's markets, government regulations, dependence on significant customers within certain product types, consolidation of... (PR Newswire)
Banning Barbie Mar 9, 2009
After all, it influences our children to invest in real estate in the current market, before our government has resolved all its problems. As the mother of three, I played countless games of Go Fish with my children, sometimes allowing them to win. (Orangeburg Times and Democrat, SC)
Friday Night Lights, Season 3 Mar 7, 2009
They take each other's hands and dance away from the real estate agents, like escapees. I see the father-knows-best aspect of their marriage. (Slate)
Photos: Falcon's Treehouse to Bring Entertainment Experience to City of Dreams Mar 7, 2009
Source: Melco Crown Entertainment Limited. With Immersive Multi-media Extravaganza at The Bubble(TM). (Yahoo! Wire -- Entertainment News)
Orson Scott Card, Internationally Bestselling Author, to Publish New Young Adult Series Mar 6, 2009
Source: Simon & Schuster Children's Publishing. To Be Released By Simon Pulse In Spring 2011. (Yahoo! Wire -- Entertainment News)
For sale: The house that Michael Vick built Mar 6, 2009
A glistening chandelier which, real estate agent Lance Hempen points out, can be lowered on a winch for cleaning hangs from beneath a domed ceiling. It looks like something out of "Gone With The Wind," with a dash of Versailles thrown in for good measure. (OregonLive, OR -- Sports)
Cardinal Bank Community Fund Awards $10,000 To Benefit The Hylton Performing Arts Center Mar 5, 2009
Source: Cardinal Financial Corporation. --(BUSINESS WIRE)--Cardinal Bank (NASDAQ: - ) announced today that the Cardinal Bank Community Fund has awarded $10,000 to the College of Visual and Performing Arts at George Mason University to benefit the Hylton Performing Arts Center. (Yahoo! Wire -- Entertainment News)
Police Blotter: March 4, 2009 Mar 4, 2009
Other Articles in this Category. 3 hours 32 minutes ago. (Appeal Democrat, CA)
Trump Takes on Obama Tax Plan Mar 3, 2009
President Obamas proposal for nearly $1 trillion of tax increases over the next 10 years doesnt sit well with real estate mogul Donald Trump ... With all the government spending, though, Trump is bullish on one real estate market. (Newsmax)
Off-campus options: D.C.'s neighborhoods Feb 27, 2009
The historic and beautiful neighborhood is also home to some of the most expensive real estate in city, which can limit options for students. With a few roommates and a bike, however, living in Georgetown is another option for GW students. (GW Hatchet, Washington DC)
Toll Brothers' March 9, 2009 Presentation At The Raymond James' 30th Annual Institutional Investors Conference to be Webcast Live Feb 26, 2009
Source: Toll Brothers, Inc.. Feb. 25, 2009 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: - ), the nation's leading builder of luxury homes, will make a presentation to the investment community via live audio webcast at The Raymond James' 30th Annual Institutional Investors Conference on Monday, March 9, 2009 at 8:40 a.m. EDT.. (Primezone Releases)
Econ chair speaks out against stimulus bill Feb 26, 2009
"Unfortunately, we have to let prices of real estate and the stock market drop until it finds a bottom and recovers.". As the Executive Director of the Beacon Hill Institute, Tuerck oversees research into economic issues. (The Suffolk Journal, MA)
No Contract With 'View Systems' for Fiber Optic Work, Verizon Says Feb 25, 2009
NEW YORK, Feb. 24 /PRNewswire/ -- Two news releases issued on February 10 and 18 by View Systems Inc. falsely claim that the company has a contract with Verizon to install fiber-optic cabling in Virginia multidwelling units. Verizon has asked View Systems for a retraction. (Yahoo! Wire -- Entertainment News)
Prince William County Virginia Real Estate: Goodbye Gloom and Doom...Hello Sunshine Feb 21, 2009
Prince William County Virginia Real Estate: Goodbye Gloom and Doom ... Prince William County Virginia Real Estate: Goodbye Gloom and Doom ... Keith M. Elliott Jr. a Realtor with RE/MAX Olympic Realty in Haymarket, Virginia expresses his professional opinion on the current real estate market, as well as discusses the latest home sale statistics for Prince William County. (Yahoo News -- Press Releases)
> Order a "Why Buy" Webcast < Feb 19, 2009
Real Estate News and Advice. February 19, 2009. (RealtyTimes)
Seagrove potters add Greensboro show Feb 18, 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. (Business Journal of the Greater Triad Area)
Inova moves ahead on Rt. 50 hospital plan Feb 18, 2009
Stay up to date on the latest news from within the commercial real estate industry ... Washington Real Estate. (Washington Business Journal, DC)
Cox Boosts Protection of Free Online Security Suite Feb 18, 2009
Source: Cox Communications. Upgrade makes Internet security faster, safer and more family-friendly. (Yahoo! Wire -- Entertainment News)
Move to shore up home builders Feb 18, 2009
THE NSW Government says it will introduce a range of measures to stem the tide of home-building company failures across the state. In the wake of three more home builders collapsing in the past fortnight, the Minister for Fair Trading, Virginia Judge, met representatives of the housing industry yesterday and they agreed to the following proposals:P Mandatory financial reporting to the Office of Fair Trading, similar to existing requirements demanded by the Australian Securities and Investments... (Sydney Morning Herald -- Business)
Toll Brothers' Website to Broadcast Its March 4, 2009 Fiscal 2009 First Quarter Earnings Conference Call Live Feb 13, 2009
Source: Toll Brothers, Inc.. Feb. 12, 2009 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: - ), the nation's leading builder of luxury homes, will broadcast live on its website, , a conference call to discuss its earnings results for its first quarter 2009 and its outlook for the rest of 2009. (Primezone Releases)
Universal Stainless Deepens Management Team With Addition of William Beible, Jr. as Senior Vice President of Operations Feb 11, 2009
Source: Universal Stainless & Alloy Products, Inc.. Feb. 11, 2009 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (NasdaqGS: - ) announced today that William W. Beible, Jr. has joined the Company in the newly-created position of Senior Vice President of Operations effective today. (Primezone Releases)
Cox to Offer Customers Award-Winning Broadway Show RENT: Filmed Live On Broadway Feb 7, 2009
Source: Cox Communications. Iconic Musical Available via Cox Pay-Per-View and On DEMAND library. (Yahoo! Wire -- Entertainment News)
