America’s latest economic data is not helping the already tottering property industry and with the high unemployment rate again turning away prospective buyers from the market, realty firms would have to go the extra mile in order to promote growth in an industry already plagued by numerous woes. Property marketing experts are in consensus that amidst the difficulties, aggressive marketing and Read full article »
Proposed Mosque Structure Changes World View About The United States
While the proposed Islamic community center in Lower Manhattan has sparked raging debates on whether the initiative is appropriate or even moral especially when alluding to the 9/11 Al Qaeda attack, Abdelhamid Shaari could only hope that his aspiration of building a mosque for his congregants in Milan, Italy would at least inspire some form of conversation. At best, Shaari’s campaign Read full article »
category: Commercial, Featured
Mobile Advertising Fast-emerging As The New Platform For Real Estate
The 90210USA.com mobile advertising platform is practically the world right at your fingertips and by using its vaunted features, real estate agents can now push their marketing and advertising campaigns to the limit with the instantly noticeable numbers of 90210. The New York Times christened mobile advertising as the most powerful advertising medium ever used by man and that reputation is Read full article »
After The Housing Market Meltdown, Experts Sound Alarm On Dangers Creeping On Commercial Properties
As the American economy again enters a period of uncertainty, industry analysts are raising valid concerns that the commercial real estate market could slide into a turmoil once the trillion dollars of loans that the sector carries begin maturing within the next few years. Experts explained that majority of commercial loans in the United States were contracted during the real estate Read full article »
Cheryl Cole Decides To Sell Sprawling Mansion, Begins Hunting Properties In London And Hollywood
With a looming divorce knocking on her door, actress-singer Cheryl Cole is putting her Surrey mansion in the market and is scheduled to head in western London for a new residence that would fit her soon-to-be single again status. Sources said that the move definitely aimed for the downgrade path as the “Parachute’ singer would not be lugging along her equally Read full article »
category: Featured, Residential
Eight Banks Collapse Last Week As Questions Arise On FDIC’s Unique Handling Of A Chicago Bank Failure
Eight banks were seized by the Federal Deposit Insurance Corp on Friday last week, pushing to 118 the total of bank failures this year so far and setting the stage for beating out the 140 failures registered by the regulator last year. FDIC chair Sheila Bair told Bloomberg Television that the financial situation could prove to be far worst this year Read full article »
FDIC Shuts Down Failing Chicago Bank As 7 Other Banks Across The County Succumbs To Loan Defaults And Recession
The Federal Deposit Insurance Corp (FDIC) seized control of Chicago-based ShoreBank on Friday last week following months of flirting with financial difficulties, adding that Urban Partnership Bank agreed to absorb the troubled bank’s deposits and assets, which were last reported at $1.54 billion and $2.16 billion respectively. The bank regulator also ordered the shutting down of seven more banks on the Read full article »
Concerns Of Sluggish Economy Dampens Commercial Real Estate Breakthroughs
Major developments in commercial real estates actually occurred in July and chief of that is the collaboration of New York bond trader Cantor Fitzgerald with leading Los Angeles property fund manager CIM Group, a collusion that experts said would generate up to $5 billion of mortgage originations. Surprisingly though, this major shakeup and other key movements in the industry Read full article »
Three Twin Cities Structures Default On Their Loans, Face Imminent Foreclosures
Three popular structures in the Twin Cities have defaulted on their loans as later reports indicated that owners of the three properties, the Minnesota Center, One Financial Plaza and the Hotel Sofitel, were currently engaged in negotiations to restructure the loans totaling to $88 million. Industry experts said that the latest defaults were among the biggest incidence of non-payments that Read full article »
San Francisco Home Sales Suffer Three-fold Retreats As Experts Predict Of Looming Double Dip In Prices
A San Diego-based real estate firm released a report last week showing that home sales in the Bay Area suffered a slide of 23 percent last month following the withdrawal of the federal home buyer tax credit that experts said further dampened the enthusiasm of prospective buyers. In spite of the prevailing low interest rates, MDA DataQuick analyst Andrew LePage said Read full article »
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