The month-over-month increase was 0.5%, according to the report from financial data company Standard & Poor’s and economists Case-Shiller. It was the first increase in the monthly index since July 2006.

On an annual basis, home prices in the 20 cities fell 17.1%, but it was the second straight month that the year-over-year decline lessened.

CBRE Market View, India Office , published for the second quarter, said: “Level of enquiries went up and, more significantly, transaction velocity also increased marginally as compared to Q1 (first quarter) of 2009… However with most of the activity confined to smaller format offices, vacancy levels remain high. Most developers.

deferred plans for launching any new projects, the focus being on deploying the scarce resources on completing projects in hand.”

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For the quarter ended June 30, the Columbia-based real estate investment trust reported funds from operations of 61 cents per share, or $34.2 million, up from 57 cents per share, or $31.8 million, in the second quarter of 2007.

Funds from operations is the standard measurement for investment trusts.

The increase was down from the first three months of the year, when COPT posted funds from operations of 58 cents per share, or $32.4 million, up 13.7 percent for the first quarter of 2007.

For the second quarter of 2008, COPT (NYSE: OFC) signed 431,000 square feet in development leasing deals. Several of those deals were in Greater Baltimore, including:

• Integral’s lease for 131,000 square feet in at 6721 Columbia Gateway Drive in the Columbia Gateway Business Park;
• A full-building lease of 123,000 square feet to an undisclosed tenant at 5850 University Research Court in College Park.

Donald J. Trump, CEO of the Trump Organization, comments:

‘Last week I had the honour of globally launching Trump International Hotel & Tower Dubai, currently being built on Palm Jumeirah. With The Trump Organization’s continued growth throughout the Middle East, we thought it was only fitting to bring sales of our unique Trump SoHo penthouses to the UAE. Our penthouses are the most desirable places to stay in New York City, and will provide one of the most luxurious hotel experiences available anywhere in the world.’

Prodigy International’s President, Rodrigo Niño comments:

‘There is a great desire among sophisticated Arabic buyers to invest in Manhattan. As they have already a strong participation in the real estate markets of London and other capitals in Europe, they want to consolidate their presence around the world by incorporating New York to their portfolio.’

Of the 400 hotel condominium units, there will be 141 deluxe suites, 253 studio suites, five penthouse suites and one Presidential Suite. Some studios and deluxe suites can be combined to create luxurious two bedroom suites. Units will range in size from approximately 422 to 905 square feet with expansive penthouses and the Presidential Suite on the three highest floors. Owners will be able to choose from a range of panoramic views including the Hudson River, Statue of Liberty, Empire State Building and the Manhattan skyline.

Leading global real estate firm, Prodigy International, is the exclusive sales and marketing organization for Trump SoHo Hotel Condominium. Prodigy International has an impressive track record of driving sophisticated international buyers to the most exclusive properties in New York, Miami, Dominican Republic, Panama, Mexico and Costa Rica, through a global network of brokers from locations around the world.

Acording to latest report prices in Manhattan real estate prices now sliding. The average price of a Manhattan apartment ranged from $1.66 million to $1.68 million in the second quarter of 2008, according to separate reports released Wednesday by Brown Harris Stevens, the Corcoran Group, Halstead Property and Prudential Douglas Elliman. That represents an increase of anywhere between 25% and 36% over average apartment prices for the second quarter of 2007.

When two of the most elite addresses in Manhattan with units on the market are excluded – 15 Central Park West and The Plaza – the average price comes down to about $1.49 million.

Slow Sales
Sales figures vary from agency to agency, but all report that volume is down significantly. Second quarter sales were down 38% from the same quarter a year ago according to the Corcoran report, which was put together in collaboration with PropertyShark.com. Sales were down 21.8% on a year-over-year basis, according to Prudential Douglas Elliman, and down 18% according to Brown Harris Stevens. Halstead saw a dip of 14%.

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