Real estate industry
As the real estate market slowly recovers, developers are turning to unconventional methods to sell their luxury properties, including auctions. In Oceanside, California, the developer of the Oceanside Terraces condominium project is auctioning off 29 unsold units, with starting bids ranging from $295,000 to $625,000. This move is
Real estate industry
Apartment Analytics Software, LLC, a leading provider of easy-to-use, Excel-based real estate investment software, has announced the release of its single-family version, the iProfit Analyzer(TM). This innovative tool is designed for real estate investors focused on single family homes, town homes, and condos. With home foreclosures reaching record highs,
Real estate industry
Taisei Corp., Kajima Corp., Obayashi Corp., and Shimizu Corp., Japan's largest general contractors, are bracing for lower profits from real estate development operations due to a decline in market prices. In response to declining profit margins in construction, these companies have increasingly turned to real estate development as
Real estate industry
The South Korean government has announced plans to extend tax breaks aimed at boosting the country's real estate market, which has been hurt by a global downturn. The Ministry of Strategy and Finance and Ministry of Public Administration and Security have agreed to maintain the 50% cut on
Real estate industry
In a premier event of real estate auctions in the country, J. P. King Auction Company, the leading real estate auction marketing firm, is set to host the developer close-out sale for Villas at Sabino Canyon in Tucson, Arizona. The sale will feature 58 high-end condominiums, with 16 units being
Real estate industry
Researchers at CoStar Group, Inc., a leading provider of commercial real estate information, have made a groundbreaking discovery on the economic benefits of green buildings. The study, "Does Green Pay-off?", co-authored by Andrew Florance, CEO of CoStar Group, and Jay Spivey, Senior Director of Research and Analytics, found
Real estate industry
SL Green Realty Corp., a self-administered and self-managed real estate investment trust (REIT), has announced the declaration of a dividend of $0.375 per share of common stock for the quarter ending March 31, 2009. The dividend is payable on April 15, 2009, to shareholders of record at the close
Real estate industry
Developers Diversified Realty, the nation's leading owner, developer, and manager of market-dominant shopping centers, declared its first quarter 2009 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share. These dividends cover the period from
Real estate industry
Real estate couple Robert and Loraine Dyson, known for their high-end property deals and charitable foundation, have filed for bankruptcy amid the economic downturn. The couple, who once boasted annual sales of over $1 billion and owned a $7 million estate in Rancho Santa Fe, have estimated their debts at
Real estate industry
The National Association of Realtors has been strongly advocating for legislation that would permanently ban large national banks from entering into real estate brokerage and property management, citing concerns over the potential devastating impact on the nation's economy. Senators Barbara Boxer and Richard Burr have introduced the Community
Real estate industry
South Korea's state-controlled electric power company, Korea Electric Power Corp. (KEPCO), is considering a major shift in its business strategy, with plans to diversify into the real estate development market. Led by President Kim Ssang-su, the company aims to generate additional profits by leveraging its extensive property holdings,
Real estate industry
Duke Realty Corporation, a leading vertically integrated real estate company, has announced the income tax characteristics of its 2008 common and preferred share dividends. For corporate shareholders, the Section 291(a) preference item is 0.7164% of total dividend distributions. The company's focus on real estate ownership, construction,
