Banking on the more promising real estate values in the European continent, property investors are training their sights on available hotel structures in Europe this year, as industry experts estimated that a total of $5.5 billion would be poured on the region as investors race to capitalize on long-term gains offered by the sector. On the other hand, Jones Lang LaSalle Read full article »
Archives for Commercial
Senator Harry Reid Adds To Growing Protests Against Proposed Ground Zero Mosque
Following President Barack Obama’s remarks at a Ramadan dinner last Friday, lots of people raised their own commentaries. Included in those who put their foot forward are politicians, Republicans and Democrats alike. Latest in the long list of those who weighed in the political debate is Senate Majority Leader Harry Reid. Senator Reid has gone on record, saying that the mosque Read full article »
tags: business, Twin Tower
Lockport City Government Invites Property Hunters To Its Foreclosure Auction
The City of Lockport announced over the weekend that it will be holding its yearly tax-foreclosed properties auction next week and being served on the platter are a bevy of residential units plus some repossessed commercial buildings and two undeveloped residential lots. City treasurer Michael White said that some 23 residential units would be the target for sale by foreclosed properties Read full article »
tags: real estate, tax sale
Auction On Three Okemos Properties Put On Hold For One Week
Real estate was hit really hard by the recession and more and more properties are being sold. Take for example William White’s businesses in Okemos, Michigan. But the foreclosure auction set last Thursday for the three Okemos properties has been postponed by its mortgage lender. Okemos entrepreneur William White has lost grip on three of his businesses: Travelers Club Restaurant and Read full article »
category: Commercial
tags: business, foreclosure
Boeing Turns Over 19 Acres Of Surplus Land To Gibsons’ ITF Developments
Aircraft manufacturer Boeing Company announced last week the sale of its 19 acres of surplus land to the Gibson family of ITF Developments, which the famed company said should offer heaps of development provisions, with of course a tapestry of extensive Boeing legacy. However, City of Renton’s Department of Community and Economic Development chief Alex Pietsch revealed that the Mercer-based property Read full article »
Up For Auction: Property On Camelback Once Eyed By Donald Trump
The Camelback parcel that was once eyed by New York City developer Donald Trump and partner will be up for sale. The property, which was once home to Hard Rock Café, Just for Feet, and Blockbuster Video, will be sold at an auction on August 18. Found east of Camelback Esplanade at 24th and Camelback Road, the boutique retail space was Read full article »
tags: Donald Trump, Hard Rock Café
Stadium Authorities Maintain Turf Did Not Cause Injury, Cites Expert Opinion
The New Meadowlands Stadium would be ready come Monday night football as officials gave their stern assurance that the controversial turf field is all geared up to host the preseason encounter of the New York Jets and the New York Giants. Questions over the facilities readiness were raised by both teams slated to play on the turf’s raw field and stadium Read full article »
Century Plaza Owner Pushes Plans For Twin Towers Behind The Famed Property
Hyatt Regency Century Plaza hotel owner Michael Rosenfeld has revealed his proposals to establish a sky-hugging property development adjacent to his popular hotel landmark, which real estate experts called as a radical move that would redefine the building’s immediate surroundings. Following his departure from the initial plans of flattening the Space Age hotel in Century City, Rosenfeld had a change of Read full article »
Commercial Properties Fall Prey To Wave Of Arizona Foreclosures
As recession continues to pommel the national economy, the commercial property market in Arizona is facing threats of foreclosure in what analysts call as the creeping effects of the nationwide housing market crisis, which used to plague only the more vulnerable residential and upper scale properties sector. Property experts had conceded that the high end market of commercial buildings, which used Read full article »
“Top Chef” Contestant’s Prime Steakhouse Is Up For Auction Next Month
It seems that former “Top Chef” contender, Timothy Dean, is set for another setback to his career: the buildings that house his Fells Point restaurant – the Prime Steakhouse – are up for a bank foreclosure auction next month. Owned by the Dean-controlled MTD Realty LLC, the home of Prime Steakhouse at 1717, 1719, 1721 East Avenue will be auctioned on Read full article »
tags: restaurant, Top Chef
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