January 2010 Monthly Archive

(TOKYO, JAPAN) -- Japan's real estate market, like India's, is heading south despite signs of gradual improvement in some areas. Japan's Ministry of Land and the Japan Real Estate Institute are disclosing what most Japanese residents already know ...

Vicki Cox Golder (WASHINGTON, DC) -- The National Association of Realtors has joined forces with the National Community Stabilization Trust to help rebuild American communities devastated by the foreclosure crisis.The collaboration will bring Realtors and the more than 1,400 state...

(NEW YORK, NY) - The median sales price of an East End residential property was $701,161 in the fourth quarter, 1.6% higher than $690,000 in the same period last year and 0.2% above $700,000 in the prior quarter. This is the first year over-year increase in median sales price since the first quarter of 2008.

(HENDERSONVILLE, TN) -- According to data from Smith Travel Research (STR), the U.S. hotel industry reported decreases in all three key performance metrics for fourth-quarter 2009 in year-over-year measurements.The industry's occupancy dropped 4.4 percent to 50.6 percent, average daily rate...

BMW Renews 10-Year, 228,000-SF ContractDE Shaw Research Takes 75,000 SF on 7 Floors at Tower 45Law firm Debevoise & Plimpton Crafts 11-year, 33,000 SF ExpansionAeropostale Closes 15-Year Retail Deal for Over 17,500 SF. Manhattan's Total December Lease Closings of 2.25M...

Conestoga Golf Club at Sun City Mesquite Opens to PublicConestoga Golf Club (MESQUITE, NV.) -- The Del Webb Sun City real estate brand is now making an active retirement play in this Nevada desert town with the announcement this week...

Dottie Herman Q1 - I am looking to purchase a home and I have an offer on one house in Long island. The homeowner is had an Open House this weekend because it was scheduled and we made our offer...

(LONDON, ENGLAND) -- London has beaten Washington, DC by a wide margin as the world's best real estate investment market today, according to a fourth-quarter 2009 survey by the Association of Foreign Investors in Real Estate. New York City was the No. 3 choice.

Tom Monahan (ZHONGSHAN PARK, SINGAPORE) -- Wyndham Hotel Group (NYSE: WYN) plans to enter the Singapore lodging market shortly by licensing and managing two new properties after they break ground in the first half of this year.They are the 391-room...

Frank Nothaft (MCLEAN, VA) -- According to Freddie Mac's quarterly Refinance Report, 33 percent of borrowers who refinanced their loan in the fourth quarter of 2009 have now lowered their principal balance.This is the highest "cash-in" share since Freddie Mac...

Mark Lomanno (HENDERSONVILLE, TN) -- According to Smith Travel Research, the U.S. hotel industry is projected to end 2010 with decreases in two of the three key performance measurements.STR projects 2010 occupancy to be flat at 55.1 percent, ADR to...

(MCLEAN, VA) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an average 0.6 point for the week ending January 28, 2010, ...

(KOH SAMUI, THAILAND) -- For the first time in Asia, W Hotels Worldwide today unveiled The Residences at W Retreat Koh Samui, which buyers can now acquire their own vacation homes (licensed under the W brand). Ownership will include the same level of indulgence and modern living in an enviable location with world-class design, ...

(ORLANDO, FL) -- Are you on Facebook? Have you tweeted yet?Both questions now find their way into much social discourse because of the explosive growth in the use of "social media," driven by what appears to be an almost...

Andrew I. Merin (EAST RUTHERFORD, NJ) -- Andrew I. Merin, head of  Cushman & Wakefield Inc.'s East Rutherford-based Metropolitan Area Capital Markets Group, isn't wearing rosy spectacles these days but he still expects more commercial sales volume this year for...

Fairway Village, Miami Beach (MIAMI BEACH, FL) -- Nineteen bidders, each clutching $75,000 deposit checks, vied for Fairway Village, a bankrupt 118-unit South Beach condo conversion that was sold for $6.2 million or $53,000 per unit - nearly half of...

Mark Lomanno (HENDERSONVILLE, TN) -- According to data from Smith Travel Research, the U.S. hotel industry posted a double-digit drop in revenue per available room during 2009. The metric fell 16.7 percent to US$53.71, the largest year-end decrease of any...

(IRVINE, CA) - It's going to be another dismal year in the home foreclosures category, according to new data released today by Irvine, CA-based RealtyTrac. In its Year-End 2009 Metropolitan Foreclosure Market Report, RealtyTrac shows that cities in four Sun Belt states ...

(NEW YORK, NY) -- Massey Knakal Realty Services released this week their year-end Property Sales Report for 2009 that shows the total volume of commercial real estate sales in the New York City marketplace was $6.3 billion,

Clifford Stein (MIAMI BEACH, FL) -- Clifford Stein, a Miami Beach accountant and attorney with 25 years experience in real estate finance and investment, is about to do what most accountants shy away from - betting on less than a...