Archive for July, 2008
Weichert Sees New Housing Bill Aiding an Already Improving Real Estate Market
Weichert Sees New Housing Bill Aiding an Already Improving Real Estate Market
At the start of the year, James M. Weichert, president and founder of Weichert, Realtors(R), one of the nation’s largest privately-held real estate companies, called upon Congress to take action to stimulate the struggling economy amid growing national concern.
Specifically, Weichert proposed a tax credit [...]
BioMed Realty Trust Reports Second Quarter 2008 Financial Results
BioMed Realty Trust Reports Second Quarter 2008 Financial Results
Rental revenues for the quarter were $54.2 million, representing a 9.6% increase versus the second quarter of 2007. Same property net operating income increased 6.1% on a cash basis for the second quarter of 2008 compared to the second quarter of 2007.
Total revenues for the quarter [...]
COPT posts improved earnings amid shaky real estate market
Corporate Office Property Trust posted a 7 percent increase in earnings for the second quarter of 2008, bolstered by deals that included a full building lease to Integral Systems Inc. in Columbia.
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, [...]
Donald Trump brings New York real estate to the UAE
The Trump SoHo Hotel Condominium project started sales in September last year and this exclusive property is the only luxury hotel condominium in Manhattan’s fashionable SoHo neighbourhood. A hotel condominium provides a unique opportunity to own a unit in a hotel which can be rented out to guests when not occupied by the owner. They [...]
New York Teachers Commits $130M To Private Equity Real Estate
Newyork teachers commits $130M to private equity Real Estate
The New York City Board of Education Retirement System is looking to deploy approximately $130 million to private equity real estate investments and is seeking exposure to a diverse range of property types through stable return and enhanced/opportunistic investments.
The system has issued a request for qualifications from [...]
NYT Real Estate Magazine Goes International
NYT Real Estate Magazine Goes International
The New York Times and the International Herald Tribune announced today that they will launch an international edition of The New York Times Real Estate Magazine on Oct. 6.
KEY, The New York Times Real Estate Magazine – International Edition “will be distributed inside the IHT to subscribers, at hotels [...]
Manhattan real estate prices now sliding
Manhattan real estate prices now sliding
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 [...]
