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Work starts on creation of new Dubai island

Mon, 20 May 2013 04:26:18 -0400

Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

Australian construction industry to see slow recovery

Mon, 20 May 2013 03:40:01 -0400

The Australian building and construction industry will see a mixed recovery over 2015-16 after a number of challenging years, according to Master Builders Australia (MBA) forecasts released Monday. While the forecasts predict a positive growth for the industry, MBA reports that the current economic climate is creating headwinds that may impede the timing and strength of recovery. There's light ...

Man proposes to girlfriend underwater

Mon, 20 May 2013 23:21:01 -0400

"GMA Live!" anchors this morning about his recent proposal. "I wanted a proposal that was going to be something creative that I had never heard of or seen before." So House, 23, came up with the idea to tie the ring to his bathing suit using dental floss, and shock the love of his life underwater while she least expected it. "We were going down to the Caribbean, and ...

Online dating sites that cater to Trekkies

Mon, 20 May 2013 23:21:00 -0400

Are you looking for love, but you're not sure where to find people who are into the same things as you? Maybe you've tried online dating or the bar scene or gone on blind dates set up by well-meaning friends, yet you still find yourself single and wanting. If you're a fan of the "Star Trek" franchise and consider yourself a Trekkie, then you may be in luck. There is an ...

Court rules for Fannie Freddie in Oakland County lawsuit Patterson said county will appeal

Mon, 20 May 2013 22:15:26 -0400

FILE - In this Aug. 8, 2011, photo, the Fannie Mae headquarters is seen in Washington. The House Financial Services subcommittee on capital markets holds a hearing on the structure and costs of Fannie Mae and Freddie Mac on Wednesday, May 15, 2013. (AP Photo/Manuel Balce Ceneta, File) Top Oakland County officials said they will be continuing the fight against national mortgage giants Fannie Mae ...

Real estate investors sentenced in Ala. fraud case

Mon, 20 May 2013 21:51:40 -0400

MONTGOMERY, Ala. - Two real estate investors have been sentenced to nearly two years in prison for bid rigging at public foreclosure auctions and mail fraud.Department of Justice officials said Monday that Jason Brannon, of Mobile, and his father, Robert Brannon, of Laurel, Miss., were each sentenced to 20 months in prison.Authorities say the two conspired with others to fraudulently purchase ...

Construction industry lobbies SA Government for incentives

Mon, 20 May 2013 21:38:11 -0400

SA The Civil Contractors Federation claims key players in the industry are looking for work interstate due to a looming shortage of public and private work in South Australia.A survey by the Federation of about 500 contractors and business owners concluded nearly 70 per cent looking further afield for projects.Phil Sutherland of the organisation's South Australian branch said some of those ...

For a good job after college go here

Mon, 20 May 2013 21:10:00 -0400

Many colleges across the country boast of a small-town atmosphere or a peaceful, bucolic setting. But those things could actually impede your hunt for a good job once you ...

Brad Pitt ‘I have very few friends’

Mon, 20 May 2013 21:09:59 -0400

Angelina Jolie , it's hard to know who you can trust, which is probably why Brangelina keeps their circle tight. "I have very few friends," Pitt reveals in a ...

Australian businessman Matthew Joyce jailed for 10 years over Dubai property deal

Mon, 20 May 2013 20:37:39 -0400

Men look at a model of the Burj Khalifa, the world's tallest tower, at the Cityscape exhibition in Dubai on October 4, 2010. (KARIM SAHIB/AFP/Getty ...

UK first in EU to get Mercks new Schmallenberg vaccine

Mon, 20 May 2013 20:05:15 -0400

Merck & Co , had been issued a licence for the new vaccine after an accelerated assessment to make it available this summer. As a result, farmers will be able to vaccinate sheep and cattle before most of them become pregnant, which is important as exposure to the virus can cause damage to foetuses. Schmallenberg virus - named after the German town where it was first detected - infected ...

Social costs of property price curbs are unaffordably high

Mon, 20 May 2013 19:21:43 -0400

Following Singapore's example, the Hong Kong SAR government started imposing a Special Stamp Duty (SSD) in September 2010. Initially SSD was charged as a levy of 5 percent to 15 percent on the resale price of residential property, depending on whether the resale was within the first or second year. Resales of units beyond the first two years were exempt. On Oct 26, 2012 the government ...

Kharafi awarded $930m in damages for Libyan project cancellation

Mon, 20 May 2013 19:19:33 -0400

Kuwaiti group M A Kharafi and Sons has been awarded $930m in damages in arbitration proceedings via the Arab League from Libya for the cancellation by former leader Muammar Gaddafi's of the construction of a vacation resort, Reuters has reported. The Kuwaiti group signed a contract in 2006 with late leader Gaddafi's government to build the resort in Tripoli, which would have included ...

Dar Al Arkan planning a series of sukuk to fund projects

Mon, 20 May 2013 19:19:32 -0400

Saudi Arabia's Dar Al Arkan Real Estate Development Co has unveiled plans to sell dollar-denominated Islamic bonds to fund projects, Bloomberg has reported. The issue would be the first of a series over the next 12 months, the company ...

Saudi Arabias MMG picks advisor for debt restructuring

Mon, 20 May 2013 19:19:32 -0400

The investment banking arm of Gulf International Bank has been appointed by Saudi contractor Mohammad Al Mojil Group (MMG) to advise it on a restructuring of its debts, Reuters has reported. MMG Group has been in financial difficulty for some time, with shareholders rejecting a plan to liquidate the company in November after its accumulated losses exceeded 75% of its capital at the end of the ...

Unknown Mathematician Proves Elusive Property of Prime Numbers

Mon, 20 May 2013 19:09:32 -0400

On April 17, a paper arrived in the inbox of Annals of Mathematics, one of the discipline's preeminent journals. Written by a mathematician virtually unknown to the experts in his field -- a 50-something lecturer at the University of New Hampshire named Yitang Zhang -- the paper claimed to have taken a huge step forward in understanding one of mathematics' oldest problems, the twin ...

More reverse mortgage lending options on tap for Texas retirees

Mon, 20 May 2013 19:00:08 -0400

Senate Joint Resolution 18 would amend the Texas Constitution to authorize the Reverse Mortgage for Purchase program and would enhance consumer disclosure requirements for all reverse mortgage loans in Texas. The Texas House has approved legislation that would expand the scope of reverse mortgage lending in the state to the benefit of retirees, its supporters claim. Senate Joint Resolution 18 ...

Teen invents superfast cell phone charger

Mon, 20 May 2013 18:49:37 -0400

A California teen's invention could potentially knock down cellphone-charging time to a superfast 20 seconds. So far, the energy-storage device has powered only an LED light, but it has the potential to do much more. The future certainly looks bright for 18-year-old Eesha Khare, who pocketed a $50,000 prize for the Young Scientist award from the Intel International Science and Engineering ...

GEHA contracts for Landmark Office Building

Mon, 20 May 2013 18:33:41 -0400

The Landmark Office building near Interstate 70 and Little Blue Parkway is under contract to the Government Employees Health Association Inc. The Government Employees Health Association Inc. has contracted to buy the 90,000-square-foot Landmark Office Building in Independence, one of the largest Class A buildings in Eastern Jackson County. Richard Miles, president of Lees Summit-based GEHA, said ...

MetroNational releases more details of mixed-use Gateway Memorial City project Slideshow

Mon, 20 May 2013 18:25:31 -0400

Mixed-use retail and office development Gateway Memorial City is nearing completion. Click through for more photos and renderings. Houston-based MetroNational Corp. released more details about its newest Memorial City retail and office project that fronts Interstate 10. The project, called Gateway Memorial City, will be a mixed-use, master-planned development, totaling about 90,000 square ...

Cher-held pad in Venice sells for over asking price

Mon, 20 May 2013 18:01:11 -0400

It may not hurt to have a rock-star mom when it comes to real estate. The remodeled contemporary went into escrow nine days after coming on the market and sold for $100,000 above the original asking price. The hip pad, reportedly the home of one of her children, features high ceilings, sliding glass walls, two fireplaces and an outdoor shower -- a feature Cher favors. A rooftop deck has a ...

UC Davis leads with building sustainability

Mon, 20 May 2013 17:55:35 -0400

The University of California Davis leads the university system for its sustainable buildings. The Student Community Center is the fifth building on the campus to get platinum LEED status. By getting a platinum status for its student services centers building efficiency and environmental sustainability, the University of California Davis, is leading the entire UC system in receiving such ...

Fitch Rates Orange County FLs $41MM PST Revs AA+ Outlook Stable

Mon, 20 May 2013 17:46:41 -0400

Fitch Ratings has assigned an 'AA+' rating to the following Orange County, Florida (the county) bonds: --$41.4 million public service tax (PST) ...

Builder ETFs in Focus on New Existing Home Sales

Mon, 20 May 2013 17:46:39 -0400

Existing home sales on Wednesday, and new home sales and the FHFA Home Price Index on Thursday should all confirm the improvement in U.S. housing. To capture any upside in ...

Soccer-Brazils Confederations Cup stadiums

Mon, 20 May 2013 17:46:38 -0400

World Cup soccer tournament. MARACAN, RIO DE JANEIRO Capacity: 78,639 Cost: 808 million reais ($397.33 million) Maracan is one of the most famous soccer stadiums in the world. Pele scored his 1,000th goal there and Zico, Romario and Ronaldo are among the greats who have graced its famous turf. Perhaps most notoriously, Brazil lost the ...

Actresss Halloween twist on airport attire

Mon, 20 May 2013 17:46:35 -0400

Julianne Hough is embracing the dark side, at least when it comes to fashion! While we have a good five months to go before Halloween rolls around, the bubbly 24-year-old "Footloose" actress and dancer seemed to get her fix of the ghoulish holiday on Friday when she donned an all-black ensemble -- complete with skeleton slippers! -- for a flight from Los Angeles to ...

Georgetown University picks D.C. official for local government affairs job

Mon, 20 May 2013 17:46:14 -0400

Georgetown University has hired the District's former lead on the Poplar Point redevelopment to be its first director of local government affairs, the Washington Business Journal has learned. Michael Durso, the Poplar Point project manager in the Office of the Deputy Mayor for Planning and Economic Development until his recent move to the city administrator's office, will be responsible ...

Call for property capital value to be dropped

Mon, 20 May 2013 17:08:57 -0400

Should houses have a Capital Value? (7:13) The CV or capital value of a property is currently used to estimate the market value and can mean massive gains for the seller. But, industry commentator Alistair Helm from Properazzi told TV ONE's Breakfast programme there's too much reliance on the capital value of a property and that it shouldn't be used as a benchmark in sales. ...

Property owner asks Northbook to annex

Mon, 20 May 2013 16:54:56 -0400

The Village of Northbrook may soon grow by a couple acres. The owners of a two-acre property at the northwest corner of Pfingsten and Highland roads have requested annexation by the village, and trustees discussed it at a recent meeting. The land in unincorporated Cook County belongs to John and Kathy Di Tomasso, and is where their house and business is located. The business, Wilson Lawn & ...

Real estate blog ranks ABQ among most family-friendly cities

Mon, 20 May 2013 16:54:46 -0400

A lighthearted blog that talks about real estate and city affairs across the country has ranked Albuquerque as the fifth-most friendly city in the country to raise a family. A lighthearted blog that talks about real estate and city affairs across the country has published a study that ranks the most family friendly cities in the U.S. Movoto looked at each citys cost of living, public schools, ...

Senior housing property sells for $31 million

Mon, 20 May 2013 16:53:48 -0400

A Georgia senior housing firm has bought the Manor Village at Preston apartment community in Morrisville for $31 million. The 166-unit community has been renamed as Preston Pointe. It was a unit of Rauls Convalescent Home Inc. of Macon, Ga., that purchased the property from Manor Village Life ...

Maryland selects site for new housing department HQ

Mon, 20 May 2013 16:51:59 -0400

The Maryland Department of General Services has selected a site in New Carrollton to be the new home for the state's Department of Housing and Community Development under a lease proposal to be considered for approval later this month. The state Board of Public Works is scheduled to meet May 29 to consider the lease deal with an affiliate of Berman Enterprises for a site at 7800 Harkins Road ...

Sportsmans ex-wife wins property dispute as toxic text messages seal case

Mon, 20 May 2013 16:49:12 -0400

A JILTED wife tried to "choke" her sporting husband's pregnant lover and warned she would "have her" in front of a crowd of onlookers after a series of provocative text messages in 2011. An unnamed Australian sportsman and his lover were both referred to the Office of Legal Services Commissioner in NSW over their allegedly "disingenuous" financial testimony in the ...

Police bust alleged 7-Eleven doughnut thief

Mon, 20 May 2013 16:48:02 -0400

A New York convenience store clerk said police busted a thief who tried to make off with his pockets full of pilfered doughnuts. Shabbis Bhatti, 42, a clerk at the 7-Eleven store in the Bedford-Stuyvesant neighborhood, said he called police when he noticed a man filling his pants pockets with doughnuts, the New York Post reported Monday. "[They came] within 1 minute. They were fast, three ...

Treliant Risk Advisors Grows Mortgage and Risk Management Practices

Mon, 20 May 2013 16:41:43 -0400

Risk Advisors continues to expand its mortgage and risk management capacity in support of growing bank, non-bank, and mortgage company needs for integrated, business-oriented solutions. ...

Jobs with the most obese workers in the U.S.

Mon, 20 May 2013 16:41:39 -0400

Does this job make me look fat? If you are a bus driver, the answer is probably yes. The news is also bad for manufacturing and production workers, as well as installation or repair workers, according to a survey for the Gallup-Healthways Well-Being Index. Transportation workers have a 36-percent obesity rate, the highest rate among 14 occupation groups measured by Gallup based on interviews with ...

Man sets record for longest Ferris wheel ride

Mon, 20 May 2013 16:41:38 -0400

Chicago for the World's Columbian Exposition. Guinness World Records allowed him to have one five-minute break each hour. He played hours of videogames to stay awake during the ride, and watched James Bond and Batman movies. His gondola on the wheel was specially outfitted with a big-screen TV, cushions and curtains. Supporters followed him on Twitter. A video camera recorded the feat ...

Future of downtown Continuing coverage of the Kings and arena

Mon, 20 May 2013 16:17:20 -0400

This is a concept of what downtown might look like with new development and an arena for the Sacramento Kings. The following is a compilation of coverage of the Sacramento Kings and planning for a new downtown arena. Stories have appeared online and in print; print stories are available only to subscribers for the first 30 days. Is it too early to talk naming rights for new arena? Giving downtown ...

Howard Hughes Corp.s first Kakaako project a 415-unit condo tower on Ward Avenue

Mon, 20 May 2013 16:02:31 -0400

The Howard Hughes Corp. plans to redevelop the block at 404 Ward Ave. in Kakaako, including the two-story building shown here, into a 415-unit residential tower with commercial space and parking, the first project in its Ward Village master plan. The Howard Hughes Corp. plans to build a 415-unit residential high-rise in Kakaako across from Sports Authority, which would include a total of ...

Leighton Properties Selects Yardi Voyager to Support Asset Property Management Operations in Australia

Mon, 20 May 2013 16:00:35 -0400

SYDNEY--(BUSINESS WIRE)-- Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry, announces today that Leighton Properties has ...

Urban Land Institute to discuss the future of the burbs

Mon, 20 May 2013 15:59:23 -0400

The Urban Land Institute will host a luncheon on May 22 to discuss whether San Antonio's suburban development is sustainable. San Antonios center city has been the focus of much news, talk, buzz, etc., of late. But now, an organization dedicated to responsible land use is broadening its perspective. On May 22, the San Antonio Chapter of the Urban Land Institute (ULI) will present The Future ...

Leasing begins at Elan 33 West apartments in Davie

Mon, 20 May 2013 15:57:03 -0400

Elan 33 West in Davie.Greystar Real Estate Partners is taking deposits for the one, two- and three-bedroom units at the corner of Davie Road and Interstate 595. The community will open in July.Rental rates range from $1,140 to $1,825. Floor plans feature gourmet kitchens, balconies and full-size washers and dryers.Amenities include a clubhouse, coffee bar, Internet cafe, dog park and jogging ...

Allen Gump How I was named SIOR leader

Mon, 20 May 2013 15:39:00 -0400

Allen Gump of Colliers International was named to a four-year term helping to lead the national SIOR industry group. Longtime real estate broker Allen Gump of Colliers International was elected to the Society of Industrial and Office Realtors executive committee, a four-year leadership term in the national industry group. The four-year term includes Gump serving vice president in 2014, ...

UK delays award of prison privatisation contract - FT

Mon, 20 May 2013 15:38:53 -0400

Ministry of Justice following an investigation into whether it was overcharged on two contracts with private-sector companies, the Financial Times reported. The winning bidders for the privatisation of HMP Northumberland and South Yorkshire, which together total five prisons, had expected to be told this week, the paper said. The decision has been delayed partly because the personnel involved ...

Wifes stunning surprise for soldier husband

Mon, 20 May 2013 15:38:52 -0400

Misty Noel Shaffer/Facebook An Army husband received the surprise of his life on Wednesday when he stepped off the plane after a yearlong stint in Afghanistan and saw his wife who had dropped 100 pounds in his ...

Painting shortcuts that could backfire

Mon, 20 May 2013 15:38:51 -0400

Painting the outside of your house is a big job and one you probably don't want to undertake yourself. But a new coat of paint can add value to your home so it's worth the investment. And avoiding some tempting shortcuts can ensure you a paint job that lasts 10 years or longer. Here's some tips from the paint pros at Consumer ...

Food in your kitchen thats probably expired

Mon, 20 May 2013 15:38:50 -0400

expiration dates ? You're probably keeping these items, like flour, baking soda, and butter, longer than you should. Here are the surprising shelf lives of five common kitchen staples and tips on how to properly store ...

Yahoo buying Tumblr for $1.1 billion in cash

Mon, 20 May 2013 15:38:49 -0400

Getty Images/Getty Images for TechCrunch - NEW YORK, NY - MAY 01: David Karp of Tumblr speaks onstage at TechCrunch Disrupt NY 2013 at The Manhattan Center on May 1, 2013 in New York City. (Photo by ...

The latest housing fad Bomb shelters

Mon, 20 May 2013 15:38:49 -0400

The latest real estate boom to sweep America comes with all the trappings of luxurious living: custom-built swimming pools, gyms, full-length basketball courts, and even airplane hangars. The only catch is that this time, the features are all buried underground. The boom in bomb shelter sales over the past 15 years has taken the spartan 1950s notion of a fallout shelter and given it a makeover, ...

Developers got incentives for overhaul of Railway Exchange including Macys remodel

Mon, 20 May 2013 15:33:21 -0400

The Railway Exchange Building, which has housed Macy's and its predecessors since 1924. Developers of the Railway Exchange building in downtown St. Louis, which houses Macys, got approval for more than $27 million in public subsidies to overhaul the building, including a remodeling of Macys. The remodel, and a decision to downsize the department store in 2011, were part of an effort to keep ...

McGraw-Hill moving operation from DeSoto to Ohio

Mon, 20 May 2013 15:24:03 -0400

An exterior of the warehouse at the I-20 Corporate Center. New York City-based McGraw-Hill Cos. Inc., an affiliate of McGraw-Hill Financial Inc. (NYSE: MHFI), plans to move its large southwest regional distribution hub from North Texas to Ohio as part of a consolidation, leaving a big void in a hot distribution market. The New York-based investment trust that owns the property has hired ...

Russian Billionaire Lebedev Pleads Not Guilty in Court

Mon, 20 May 2013 15:17:46 -0400

MOSCOW -- Russian billionaire Alexander Lebedev has pleaded not guilty to charges of hooliganism motivated by political hatred. Lebedev says that he is being targeted by Russian President Vladimir Putin because Putin believes he is funding the opposition. Alexander Lebedev, co-owner of Novaya Gazeta, Russia's leading opposition newspaper, went on trial Monday in a Moscow court. Lebedev ...

San Antonios housing market sees across-the-board increases in April

Mon, 20 May 2013 15:08:58 -0400

Residential sales, average home prices and median home prices were all up in the month of April, according to the San Antonio Board of Realtors. The housing market for the Greater San Antonio area achieved increases in both average and median home prices for the month of April, according to the latest report by the San Antonio Board of Realtors (SABOR). Sales activity was up as well. As of April ...

Williams-Sonoma expands call center in The Colony

Mon, 20 May 2013 15:05:47 -0400

Williams-Sonoma is expanding its call center space in The Colony. San Francisco-based Williams-Sonoma Inc., a specialty home furnishings and gourmet cookware retailer, has expanded its call center in North Texas. The retailer has signed a lease for 6,653 square feet of office space at The Cascades in The Colony, expanding its space to 15,523 square feet. In 2011, an affiliate of Williams-Sonoma ...

Best of Business Journal Construction resumes Changing from Telefunken Elk Groves soccer hopes

Mon, 20 May 2013 14:59:06 -0400

We're highlighting stories from our print edition that have just become available free online for all readers. Were highlighting stories from our print edition that have just become available free online for all readers. (Print stories are available only to subscribers for the first four weeks.) Here are some noteworthy stories available to nonsubscribers beginning today: In As construction ...

Coastal Hampstead properties fall into bankruptcy

Mon, 20 May 2013 14:58:56 -0400

A Wilmington real estate company has put its properties in nearby Hampstead into bankruptcy reorganization, citing liabilities of between $5 million and $10 million. As is somewhat common for new Chapter 11 petitions, the one filed for S and R Grandview LLC on Thursday didnt provide a complete accounting of its assets and liabilities. Its properties are located on and near Grandview Drive and Iris ...

PICC Property Casualty to Raise $944 Million in Rights Offer

Mon, 20 May 2013 14:53:10 -0400

capital requirements . The company will offer 1.1 new shares for every 10 existing shares held, according to a Hong Kong stock exchange filing yesterday. PICC said it will price the Hong Kong-listed shares at HK$5.38 each, a 47 percent discount to yesterday's close, and the domestic shares at 4.30 yuan each. The proceeds "will be used to strengthen the capital base of the company ...

Social media spotlight Schottenstein Real Estate Group

Mon, 20 May 2013 14:48:15 -0400

Brian Schottenstein explains the importance of social media to Schottenstein Real Estate Group. From event caterers and salons to clothing retailers and social media consultants, companies of all shapes and sizes are recognizing the importance of connecting with potential and current customers in the online world. As part of our ongoing social media spotlight, Brian Schottenstein, vice president ...

Romania Steaua owner ex-chief of staff ex-minister sentenced to prison in real estate deal

Mon, 20 May 2013 14:43:55 -0400

BUCHAREST, Romania - Romania's top court has sentenced the owner of Steaua football club, the former chief of staff of the armed forces and a former defence minister to two years in prison each for abusing their positions and bribery in a real estate deal. The court sentenced Gigi Becali, Steaua's owner and also a former MEP, on Monday for abetting public officials to abuse their ...

New housing permits outpace drop in foreclosures

Mon, 20 May 2013 14:38:24 -0400

The rate of new housing permits in early 2013 in Sacramento is outstripping the decline in foreclosures. An analysis by RealtyTrac Inc shows Sacramentos housing market headed for a more normal pattern, with the rate of new housing permits in early 2013 outstripping the decline in foreclosures. With 42 new permits issued in January through March of this year, Sacramento increased by 121 percent ...

Mayor Dean announces affordable housing program

Mon, 20 May 2013 14:35:21 -0400

Nashville Mayor Karl Dean Mayor Karl Dean announced a trust fund for affordable housing at his State of Metro address today, a program that is forecast to generate 100 new affordable housing units. The Barnes Fund for Affordable Homes, named for fund advocate Rev. Bill Barnes, will be supported by $3 million in existing grants and will receive ongoing investments. The program will also focus on ...

South Jersey golf club sold at auction

Mon, 20 May 2013 14:34:36 -0400

Cherry Hill Land Associates was selected as the winning bidder for Woodcrest Country Club in Cherry Hill, N.J. The entity, backed by First Montgomery Group, a real estate company based in Marlton, N.J., placed a $10.1 million bid for the 156-acre club. Minimum bids started at $6.25 million. The club has been in Chapt. 11 bankruptcy for a year. A total of four entities placed bids and the highest ...

Gold silver and real estate will save you

Mon, 20 May 2013 14:30:08 -0400

Gold and silver and stocks and bonds and real estate and cash and checking accounts and money market accounts and taxes and bailouts and crises and terrorism and corruption. I’m sure I left a lot out, but those are some of the topics I’ve been addressing for my subscribers and in Washington while I’m here for a few days. I’m meeting with some companies and bureaucrats and ...

The cheapest compact sedans with the basics

Mon, 20 May 2013 14:30:05 -0400

More Automotive News Car shoppers want a long list of features in a new car, even if that car is a compact sedan that starts around $16,000. That starting price usually doesn't include what many consider "must-have" features -- chief among them an automatic transmission.We took 11 compact sedans and looked at their prices when equipped with the following features: Automatic ...

Panther purchases Fort Worth apartment portfolio

Mon, 20 May 2013 14:15:00 -0400

Investors continue to purchase apartment properties, as the market remains strong for the real estate. The Coventry at Cityview apartments in Fort Worth, seen above, were sold to an investment group in the past month. Fort Worth-based Panther FW Investments LLC, formerly Panther Transaction Group, has bought a two-property, apartment portfolio totaling 528 apartment homes in Fort Worth. Terms of ...

Large tomato growers assets to be sold in sealed bids process

Mon, 20 May 2013 14:12:12 -0400

About 7.000 acres will be auctioned off in June and July. The assets of East Coast Brokers and Packers, including farms, packing houses, the Red Rose Hotel in Plant City, a former Bible college and labor camps, will be offered for sale in a sealed bid process in June and July. The Mulberry-based company, once one of Floridas largest tomato growers and shippers, filed for Chapter 11 bankruptcy ...

Denver misses out on general merchandise sales

Mon, 20 May 2013 14:00:52 -0400

Michael Kercheval The city of Denver loses 65 percent of its sales tax revenue for general merchandise sales, like the kind youd buy at a super center or warehouse store, to online retailers and surrounding suburban cities, according to a retail study conducted for the city by Dan Guimonds Economic and Planning Systems Inc. (EPS) Thats just huge leakage and certainly a weakness here, Guimond ...

Dolphin Plaza sold for more than $8M

Mon, 20 May 2013 13:56:51 -0400

NAI Miami's Jeremy Larkin helped broker the $8.2 million sale of Dolphin Plaza in Miami Gardens. The 93,991 square foot Dolphin Plaza in Northwest Miami-Dade County has sold for $8.2 million. The Winn Dixie-anchored property at 17237 N.W. 27th Ave., features national retailers including Footlocker, Rainbow Fashion, Ashley Stewart, Rent-A-Center, MetroPCS, Little Caesars, Ace Cash Express and ...

Miami County manufacturer expanding hiring 20 workers

Mon, 20 May 2013 13:56:18 -0400

Aerovent is building an 8,500-square-foot warehouse behind its 75,000-square-foot air handling system manufacturing facility in Covington. A manufacturing plant in Covington is expanding to accommodate a new product line and almost doubling its employment. Aerovent, a subsidiary of Minneapolis-based Twin City Fan Company, is building an 8,500-square-foot warehouse behind its 75,000-square-foot ...

Protest deadline is May 31 for most real property in Harris County

Mon, 20 May 2013 13:40:18 -0400

For most owners of real property in Harris County, including homes, commercial buildings and land, the deadline to protest the market value of the property is Friday, May ...

Trump Tower investor felt conned by changed real estate deal

Mon, 20 May 2013 13:30:37 -0400

A Chicago woman who sued Donald Trump over a failed condo deal testified today she felt conned when she found out that key incentives to investors had been taken back. "Somebody had to stand up him," Jacqueline Goldberg said of Trump. In a second day on the witness stand in federal court in Chicago, Goldberg, 87, said she considered her purchase of two condos at Trump International ...

Real estate agent fined fraction of possible penalty

Mon, 20 May 2013 13:30:00 -0400

A former Coromandel real estate agent who forged his clients' initials on a document has been fined $700, a fraction of the penalty he could have faced under new legislation. John Lloyd of Tairoa denied he forged the document and then relied on it to enforce a contract. But the Real Estate Disciplinary Tribunal found otherwise and fined Mr Lloyd $700. The maximum under legislation at the time of ...

Post New Orleans Tour KBIS Marks a New Direction

Mon, 20 May 2013 13:16:40 -0400

KBIS , the largest U.S. event devoted to kitchen and bath products and industry trade professionals, recently wrapped up an exciting event at the Ernest N. Morial Convention Center in New Orleans. Attracting more than 20,000 professional registrations, 400 exhibitors and over 250 media, the event reflected the overall improvement in the housing and remodeling markets. "There is no question ...

Thousands of dodgy tenants on rental blacklist

Mon, 20 May 2013 12:53:43 -0400

MORE than 3000 dodgy tenants have been black-listed by real estate agents in Townsville, with about 360 listed this year alone. Figures from TICA, a national tenancy database, showed thousands of people in the region had been black-listed for rent arrears, property damage or as a result of tribunal orders with some "repeat ...

Wells Fargo slows foreclosure sales BofA not so much

Mon, 20 May 2013 12:45:55 -0400

Three large banks have nearly halted their foreclosure sales while they make sure they are meeting revised standards on how troubled homeowners are to be treated. Wells Fargo and Co., JPMorgan Chase and Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on the how troubled borrowers were to be treated before losing their homes. But Bank of America ...

Property tax pilot scheme to expand to more cities

Mon, 20 May 2013 12:44:50 -0400

The government has put an increase in the number of pilot cities for property tax trials on the work agenda this year, the China Securities Journal reported Monday. The upcoming pilot work is expected to levy taxes on homes purchased after the pilot program is implemented, while also taking local conditions into account, the journal said. China's property tax pilot program was initiated in ...

Workbar Cambridge location opens

Mon, 20 May 2013 12:41:04 -0400

Workbar said Monday that its second startup workspace office has opened, in Cambridge's Central Square. The new office consists of 13,000 square feet of space, and is located on two floors at 45 Prospect St. From the news release: Workbar said it offers flexible memberships ranging from part-time access for $30 a day, to full-time access for $300 per month. A three-person private office runs ...

Pick me please Homebuyers writing letters to sellers

Mon, 20 May 2013 12:29:49 -0400

Some buyers are solving their house-searching woes through prose. They're not writing poems or romantic novels - just notes to sellers, telling them how happy they'd be to buy their homes. The simple gesture is paying off in today's ultra-competitive market, where inventory is tight and bidding wars are typical. "Money talks, but a letter gives a human element to an ...

Investors Title hits new high as home sales rebound

Mon, 20 May 2013 12:29:29 -0400

Title insurance companies have recovered along with the housing market. Stocks have bounced back to new highs since housing and the financial sector dragged the market into an abyss in 2009, and one of the strongest comebacks has been at Investors Title Co. (Nasdaq: ITIC), a title insurer based in Chapel Hill. The companys shares closed at a record high of $72 on Friday and went higher still, to ...

Slideshow Fast-growing Greensboro firm poised to be an anomaly

Mon, 20 May 2013 12:22:15 -0400

Jerry Wass has in just a couple of years grown his leads-generating company, Anomaly Squared, from a concept to 300 employees, with plans to be at 500 by the end of the summer. The company may be branded as an anomaly, but the man behind it is certainly the epitome of the entrepreneurial spirit. As I photographed and chatted with CEO Jerry Wass at the new digs of Anomaly Squared in Greensboro, I ...

Incredible prom surprise for Florida teen

Mon, 20 May 2013 12:10:43 -0400

Muxo and her surprising date stole the show at the Archbishop Carroll senior prom . Apparently, Wade had dragged out his response because he wanted to see how the Heat's playoffs were progressing before committing to spend an evening not competing in the middle of a game. After Miami knocked off Chicago with the Knicks and Pacers still locked in a tense series, Wade decided he could spare ...

Risk inherent in property investment

Mon, 20 May 2013 11:39:35 -0400

With the government keeping a firm grip on China's housing market, domestic investors are turning their backs on residential projects and setting their sights instead on the country's commercial property industry.With construction on office buildings, shopping malls and other non-residential properties progressing at a fever pitch in many parts of China, it's natural if investors ...

$17 million psychiatric hospital opening Tuesday

Mon, 20 May 2013 11:36:11 -0400

Austin Oaks Hospital, a new 80-bed psychiatric hospital and inpatient treatment facility, will have a ceremony to mark its grand opening at 2 p.m. tomorrow. The facility on West Stassney Lane will offer care for children, adolescents and adults, and is expected to see its first patients in early June. With more than 51,000 square feet and more than 200 employees, Austin Oaks is a sister hospital ...

AVT Targets Property Managers and Developers

Mon, 20 May 2013 11:29:19 -0400

www.autoretail.com ), a technology leader in developing automated retailing systems, self service kiosks and micro-stores, announced that their recently acquired technology is being utilized to target the property management and commercial development industries. "We now have a proven method for commercial developers and managers to add revenues without risk," said Shannon ...

COPT pays $17.5M for office center as First Potomac unloads property

Mon, 20 May 2013 11:19:48 -0400

First Potomac Realty Trust has reached deals to sell 24 industrial buildings for $259 million, including five in Maryland. An affiliate of Blackstone Real Estate VII plans to buy the majority of the properties for $241.5 million. In a separate deal, Columbia-based Corporate Office Properties Trust (NYSE: OFC) on May 7 acquired from First Potomac the I-66 Commerce Center in Haymarket, Va., for ...

Experts officials China has resumed hacking U.S. companies agencies

Mon, 20 May 2013 11:12:59 -0400

Computer security experts and U.S. officials say Chinese hackers have resumed attacks on companies and agencies they stole data from three months ago. A unit of China's People's Liberation Army had stopped computer intrusions in February after the administration of ...

GSA requests downtown office lease proposals

Mon, 20 May 2013 11:12:09 -0400

It's pencil-sharpening time for the downtown Kansas City office building owners in the running to lease space for 1,000 federal workers. The General Services Administration has sent requests for lease proposals to landlords who have expressed interest in landing the huge lease deal, GSA Heartland Regional Administrator Jason Klumb said Friday. Responses are due June 7. "We expect to sign ...

Luxury housing boom moves inland as Anne Arundel home sells for $1.85M

Mon, 20 May 2013 11:09:13 -0400

A house at 1105 Bellevista Court in Severna Park sold for $1.85 million. A Severna Park home without waterfront property or a water view has sold for $1.85 million a price that is one of the highest sold for such a home since 2008, according to Coldwell Banker Residential Brokerage. The 9,000-square-foot home, built in 1984, has four bedrooms, seven baths and spans four levels. Amenities include ...

Bad sunscreens you should avoid

Mon, 20 May 2013 11:06:57 -0400

2013 Guide to Sunscreens , which rates more than 1,400 sunscreens, lip balms, and SPF moisturizers and cosmetics for safety and effectiveness. And some of their findings might surprise ...

Archaeologists advocate for historic D.C. cemetery

Mon, 20 May 2013 11:05:25 -0400

A local preservation group, The Walter Pierce Park Archaeological Team, wants to make sure thousands of unmarked graves buried beneath a local park, aren't forgotten, WTOP.com reports. Two cemeteries once occupied the area now known as the Walter C. Pierce Community Park in Adams Morgan. They contain the graves of at least 8,428 African-Americans and Quakers laid to rest during the 19th ...

Giant to open Peapod pick-up location in Chevy Chase

Mon, 20 May 2013 11:04:38 -0400

Giant Food LLC is vying to open a Peapod grocery pickup facility at a former Sunoco gas station site on Connecticut Avenue in Chevy Chase, BethesdaNow.com reports. The facility at 8500 Connecticut Ave. would be for pick-up orders placed online and should be open in late summer or early ...

New York investor buys Fairborn senior living facility

Mon, 20 May 2013 11:02:43 -0400

Fairborn Senior Housing, located near Wright-Patterson Air Force Base, sold last week for $1.9 million. A senior living facility in Fairborn now has a new owner. Fairborn Senior Housing, located at 221 North Central Ave. near Wright-Patterson Air Force Base, sold last week for $1.9 million. DHorn Fairborn Senior Housing LLC, an investor in New York, bought the 84-unit independent living facility ...

City subsidies flow to D.C. campaign donors

Mon, 20 May 2013 11:01:05 -0400

The District awarded $1.7 billion in subsidies to 133 groups in the past decade, and more than a third of those subsidies went to 10 developers that donated the most campaign cash over that time, WAMU.org reports after conducting its own investigation. Only a fraction of the subsidies went to the citys poorest neighborhoods during that ...

Piola opening its D.C. location Monday

Mon, 20 May 2013 10:57:59 -0400

Pizza restaurant Piola holds a soft opening of its D.C. location Monday, Eater.com reports. The three-level affair on 14th Street near Florida Avenue will offer Piola's well-loved free pizza and discounted drinks happy ...

Beacon Capital lands Defense Department lease renewal in Crystal City

Mon, 20 May 2013 10:56:45 -0400

Beacon Capital Partners has signed the Department of Defense to a five-year lease renewal of 558,187 square feet in the Zachary Taylor Building in Crystal City, GlobeSt.com reports. The building is located at 2530 Crystal City Drive in ...

State regulators issue cease and desist for Maui-based Hawaiis Premiere Mortgage Co.

Mon, 20 May 2013 10:53:01 -0400

Hawaii state regulators have issued a temporary cease and desist order for Maui-based Hawaii's Premiere Mortgage Co. and its owner, Kathleen Patricia Morris. Morris and Herman-Morris Enterprises Inc., dab Hawaii's Premiere Mortgage Co., were ordered by state Commissioner of Financial Institutions Iris Ikeda-Catalani to cease operating as a mortgage loan originator because of alleged ...

Easy Money Over for Bank of America Stock KBW

Mon, 20 May 2013 10:45:31 -0400

This sums up KBW analyst Christopher Mutascio's downgrade of Bank of America's stock on Sunday to a "market perform" rating from "outperform." Bank of America's shares closed at $13.43 Friday, just below their reported March 31 tangible book value of $13.46. The shares have returned 16% this year, after more than doubling during ...

Conning - Property-Casualty Reserve Position Stable Despite 2012 Reserve Releases

Mon, 20 May 2013 10:26:13 -0400

HARTFORD, Conn., May 20, 2013 /PRNewswire/ --In its latest review the property-casualty insurance industry loss reserves, Conning has concluded that the overall reserve position is stable, or perhaps even slightly improved from the previous review. This is despite another $10.5 billion in releases in 2012. "The insurance industry appears to have found the ability to extend earnings support ...

Danone hopes to crack China with new dairy deal

Mon, 20 May 2013 10:22:09 -0400

By Donny Kwok and Astrid Wendlandt HONG KONG/PARIS (Reuters) - France's Danone (DANO.PA) is aiming for a bigger slice of one of the world's fastest-growing dairy markets by investing 325 million euros ($417 million) in two deals with China ...

Virginia firm Dewberry buys Bowyer-Singleton

Mon, 20 May 2013 10:07:39 -0400

Orlando-based Bowyer-Singleton & Associates Inc. was bought by Fairfax, Va.-based Dewberry LLC for an undisclosed price. A 41-year-old local planning, engineering, environmental and surveying firm has a new parent company as of May 17. Orlando-based Bowyer-Singleton and Associates Inc. one of Central Floridas largest civil engineering firms was bought by Fairfax, Va.-based Dewberry LLC for an ...

Triple Crown winner goes on home run spree

Mon, 20 May 2013 10:04:58 -0400

Texas Rangers , the reigning AL MVP and Triple Crown winner, already led baseball in batting average and RBIs. With an other-worldly display Sunday, ...

Hill Country Barbecue pop-up to Capitol Riverfront

Mon, 20 May 2013 09:54:17 -0400

It was only a couple weeks ago that Hill Country Barbecue Market launched its "backyard barbecue" on the west lawn of the National Building Museum. D.C. can't get enough saucy grilled meat, it appears, because on Friday, Hill Country was issued a permit to host a fenced outdoor venue, with a tents for food and beverage sales and live music at 101 Tingey St. SE, a parking lot away from ...

Giving downtown new life with development

Mon, 20 May 2013 09:47:12 -0400

A revitalization project on the 700 block of K Street is months away. Developer Bay Miry of D&S Development says he's expecting plenty more to keep him busy in the next few years, as interest in downtown is expected to skyrocket with a new arena in the works. As he and partners in CFY Development are months away from another revitalization project on the 700 block of K Street, Bay Miry of D&S ...

Another Center City building topped out

Mon, 20 May 2013 09:43:32 -0400

Topping out at the new Karabots Pavilion The $41.5 million, 53,000-square-foot Nicholas and Athena Karabots Pavilion at the Franklin Institute was topped out, marking the third building under construction in Center City to reach that milestone this month. The new $160 million family court building and the $100 million expansion at the Wistar Institute were also topped out. The Karabots Pavilion ...

New talks could save Prop. 13 reform for commercial property taxes

Mon, 20 May 2013 09:30:25 -0400

The Assembly has postponed a controversial proposal to hike commercial property taxes, but the bill's author, Tom Ammiano, says it's not dead yet. California's Assembly has postponed a controversial proposal to hike commercial property taxes, but the bills author says its not dead yet. Assembly Bill 188 was introduced earlier this year by Assemblyman Tom Ammiano, a San Francisco ...

Dr. Saswat Misra Joins Vringo As Intellectual Property Counsel

Mon, 20 May 2013 09:23:07 -0400

NEW YORK - May 20, 2013 - Vringo, Inc. ( ), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today announced that Dr. Saswat Misra has joined the company as Intellectual Property ...

Freddie Mac to sell $2.0 bln in bills on Monday

Mon, 20 May 2013 09:01:58 -0400

The bills will be sold over the Internet in a Dutch auction. In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price ...

In retirement can more debt be wise

Mon, 20 May 2013 09:01:57 -0400

Other seniors are converting a primary home into a rental property and obtaining financing for a second retirement home, he added. "For high-end borrowers that usually have other assets accumulated at retirement, being debt-free is more of a matter of choice," Padilla ...

Controversial leader makes landmark visit to U.S.

Mon, 20 May 2013 09:01:56 -0400

in Nusa Dua, on the island of Bali, Indonesia. Thein Sein's historic White House visit next week is the culmination of U.S. outreach to a former pariah regime. That's been based on a principle of taking "action for action" by deepening ties in response to democratic reforms. (AP Photo/Charles Dharapak, ...

Proposal calls for big Army spending in Springs

Mon, 20 May 2013 08:46:35 -0400

The Fort Carson Army base in Colorado Springs is looking at a potential windfall in the form of a massive infusion of money for construction projects, The Gazette reports. A White House proposal calls for spending more money on the base's combat aviation unit. More than $100 million in construction projects are already under way. A barracks project that's been held up would account for ...

Racine County construction up so far in 2013

Mon, 20 May 2013 08:16:23 -0400

Racine County construction is off to a solid start in 2013, compared with a down year in ...

Boston to swap parking for parklets in 3 districts eyes a 4th

Mon, 20 May 2013 08:14:49 -0400

A "parklet" fills parking spaces on Valencia Street in San Francisco. Boston has named three business districts where similar facilities will replace parking spaces. Parking spaces are set to become "parklets" in Allston, Jamaica Plain and Mission Hill three neighborhoods selected by City Hall for the installation of miniature parks. According to the City of Boston the portable ...

Can a rise in crime increase your property value

Mon, 20 May 2013 08:14:26 -0400

(MoneyWatch) It may seem strange, but crime could actually make your home more valuable. A new study reveals that when crime goes up, property values can too -- as long as the crime is happening in the next town over. It should come as no surprise that safety is a vital factor when buying a new home. For 20,000 home shoppers surveyed by researchers at John Burns Real Estate Consulting, a ...

NC adds 500 construction jobs

Mon, 20 May 2013 08:12:37 -0400

North Carolina was one of 23 states to add construction jobs in April, according to Associated General Contractors of America. North Carolina added 500 construction jobs between March and April, one hopeful sign of a turnaround in the works. But taking a longer frame of reference, the sector still has a way to go before the promise of a recovery is realized. As of the close of April, statewide ...

Some landlords seek to dissolve DID program

Mon, 20 May 2013 08:11:02 -0400

The Minneapolis Downtown Improvement District staff -- those green-shirted workers who give directions, clean sidewalks and watch for trouble in Minneapolis have won plenty of fans. But a group of Warehouse District landlords, who say they're not seeing enough benefit, are threatening a protest that could kill the program. The Journal Mpls has a breakdown on the dispute over the DID program, ...

Will Hulls beachfront condo push make 2013 feel like 1988

Mon, 20 May 2013 08:03:21 -0400

Nantasket Beach in Hull: The town is looking to spur beachfront development with a zoning change that's friendly to condo builders. Hull, Mass., is planning for a second condo boom, with a zoning change that allows for taller buildings on a 64-acre stretch of the sandy peninsula that protects Boston Harbor from the winds and waves of Massachusetts Bay. Hull's last condo boom began in the ...

Asias Ascott inks deal for first Saudi property

Mon, 20 May 2013 07:30:23 -0400

Singapore-based Ascott Limited, the world's largest international serviced residence owner-operator, has entered Saudi Arabia by securing a management contract for its first residence in ...

Coming Up in Lists Baltimore crab houses construction firms

Mon, 20 May 2013 07:30:05 -0400

Coming Up On May 24, well publish our famous List of the top crab houses in Greater Baltimore, ranked by Yelp.com ratings. Well also have our List of top 25 construction and general contracting firms in the Baltimore area, ranked by local contracting revenue and based on our own survey results. Next in May and June For May 31, its our List of the fastest-growing public companies headquartered in ...

Accenture’s Property Casualty Insurance Claims Software Receives Industry Awards for Functionality and Service

Mon, 20 May 2013 07:25:11 -0400

Accenture Claim Components , received two XCelent Awards in Celent's latest report titled "Claims Systems Vendors: North America P/C Insurance ...

Property Will Attract Buyers to Angolan Companies Banker Says

Mon, 20 May 2013 07:25:10 -0400

Africa 's largest crude oil producer behind Nigeria, Banco Angolano de Investimentos SA Executive Director Joao Fonseca said. The southwest African country plans to sell about 30 companies that are mostly inactive and date from when the formerly Marxist state was fighting a 27-year civil war that ended in 2002, Minister of the Economy Abrahao Gourgel said in an e-mail exchange ...

Three Triad counties could be removed from regional partnership

Mon, 20 May 2013 07:25:04 -0400

PTP President David Powell Major changes are slated for how economic development is done in North Carolina, and that includes a move to remove Davie, Surry and Yadkin counties out of the region's economic development group, the Piedmont Triad Partnership, according to the Winston-Salem Journal. A Senate bill sponsored by Senate Majority Leader Harry Brown would eliminate four of the states ...

Convergys selling downtown Cincinnati headquarters

Mon, 20 May 2013 07:13:44 -0400

Convergys is selling its downtown Cincinnati headquarters but maintaining a presence there. Call center operator Convergys Corp. (NYSE:CVG) is selling its downtown Cincinnati headquarters, but expects to lease space in the building once it's sold, the Cincinnati Business Courier reports. It paid $63.8 million in 2003 for the Atrium I office building which has 97,600 square feet of space ...

Does N.C. need solar mega-projects

Mon, 20 May 2013 07:13:03 -0400

O2 Energies CEO Joel Oslen says the N.C. solar industry has plenty of room for growth with projects in the 2- to 20-megawatt range. O2 Energies CEO Joel Olsen sees big things ahead for the N.C. solar industry, but that doesnt necessarily mean big mega-projects are in the states future. And that will be good for the states solar market, he says. North Carolina is much more likely to be a center ...

3 banks nearly stop foreclosure sales after feds tweak restrictions

Mon, 20 May 2013 07:08:13 -0400

Three large banks have nearly halted their foreclosure sales while they make sure they are meeting revised standards on how troubled homeowners are to be treated. Wells Fargo and Co., JPMorgan Chase and Co. and Citigroup Inc. (NYSE: C) have nearly halted foreclosure sales after federal regulators revised their orders on the how troubled borrowers were to be treated before losing their homes. The Los ...

Tornadoes roar through Plains states

Mon, 20 May 2013 07:05:48 -0400

Lindsay Carter took advantage of the advanced warning, gathered her belongings and fled. When she returned, there was little left of the community she called home. Several tornadoes struck parts of the nation's midsection Sunday, concentrating damage in central Oklahoma and Wichita, Kan. One person was killed ...

Baker McCullough to lead new Saratoga Springs restaurant

Mon, 20 May 2013 06:59:58 -0400

Chef Jason Baker (left) and Paul McCullough will team up at a new Saratoga Springs restaurant. Experimental chef Jason Baker and Paul McCullough, the former manager of Creo and McGuires, will open 15 Church in Saratoga Springs, NY. The restaurant is backed by developer Tom Burke of Malta-based Burke Cos. Burke paid $440,000 for the 1870s-era, three-story building and property at 15 Church St. The ...

Safeway-anchored center on Kauai to open in 2014

Mon, 20 May 2013 06:57:02 -0400

A subsidiary of Safeway Inc. plans to start construction on Hokulei Village, a new Safeway-anchored shopping center on 14.25 acres on Kauai, during the second half of this year. The Hokulei Village center will be anchored by a 56,000 square-foot Safeway Lifestyle store and will include a Walgreens (NYSE: WAG) pharmacy, a Petco pet supply store, a Jack in the Box (Nasdaq: JACK) restaurant and a ...

Whole Foods plan likely to move forward in Prince Georges County

Mon, 20 May 2013 06:47:31 -0400

After a heated approval process, the $250 million project that would give Prince George's County its first Whole Foods store appears to be moving forward, The Washington Post reported. The Prince Georges County Planning Board is expected to review key elements of the project on Thursday in one of the final steps before the developer can seek building permits and break ground at the 37-acre ...

Baltimore bank profits soar on real estate rebound

Mon, 20 May 2013 06:43:23 -0400

The profit picture is getting brighter for banks in the Baltimore area, and a rebounding real estate market is the main reason, the Baltimore Business Journal reports in its current issue. Of the 47 banks headquartered here, 39 turned a profit in 2012, according to the Federal Deposit Insurance Corp. That was a huge swing from 2009. That year, just 26 of the 53 banks based in Greater Baltimore ...

Realtor enters new chapter in life as team leader – Tyler Morning Telegraph

Mon, 20 May 2013 06:27:11 -0400

After three decades in the real estate business, Barbara Phaup is starting a new chapter in her life. Mrs. Phaup, 60, is the new team leader for Keller Williams' Tyler Market Center. "I feel like I have something to give to the agents here," she said. She recruits, holds meetings, educates and trains agents, set goals and motivates them. "A team leader does ...

Rocky Gap Casino sets Wednesday opening

Mon, 20 May 2013 06:12:41 -0400

Rocky Gap Casino Resort is set to open Wednesday near Cumberland, the Hagerstown Herald-Mail reported. The casino will offer 558 slot machines and 10 table games in converted conference space, along with 250 additional jobs at the resort. Rocky Gap will be Maryland's fourth casino. In an interview earlier this month with the Baltimore Business Journal, Rocky Gap General Manager Scott Just ...

Singapores CapitaLand launches $520 mln convertible bond-terms

Mon, 20 May 2013 06:08:30 -0400

HONG KONG, May 20 (Reuters) - CapitaLand Ltd, the biggest property developer in Southeast Asia, plans to raise up to $520 million in convertible bonds due 2020, according to a term sheet of the deal seen by Reuters on Monday. The bonds were ...

2 arrested in slaying of teen over iPad

Mon, 20 May 2013 06:07:37 -0400

Marcos Arenas , 15, was walking down a street with the iPad on Thursday when a passenger got out of a vehicle and tried to steal the device from him. Dismont is accused of trying to wrest the tablet away and dragging Arenas toward the SUV when the youth wouldn't let go of the device. After Dismont re-entered the vehicle and Solid sped away, the teen was dragged until he fell. The vehicle ...

Flaherty’s real estate interventions trump Bernanke’s market tweaks

Mon, 20 May 2013 05:49:32 -0400

Finance Minister Jim Flaherty responds to a question during question period in the House of Commons on Parliament Hill in Ottawa on Thursday, May 2, 2013. Flaherty says Canada's housing market is unfolding in a healthy manner and has no plans to intervene.While some observers are expressing fears the bubble is about the burst, Flaherty says the market is responding the way he envisioned when ...

Annual rental property returns rose by 5.9

Mon, 20 May 2013 05:47:48 -0400

rental property rose by 5.9% in April 2013, following a 6.3% increase the previous month. The recent climb represents a typical return of 9,679, with landlords taking home a rental income of 7,807 and a capital gain of 1,872. David Newnes, Director of LSL Property Services, said: "Optimism is seeing in to the housing market - but from the top." According to recent findings, the ...

Property tax trial in more cities on agenda

Mon, 20 May 2013 05:39:50 -0400

Chongqing , sources said. Shanghai and Chongqing started to collect property tax in January 2011. Families in Shanghai that owned more than 60 square meter per person have to pay 0.4 percent or 0.6 percent annually (depending on the apartment's price per sq m. If the price is above 27,740 yuan per sq m, the rate will be 0.6 percent in 2013). The Chongqing version is focused more on ...

Saratoga County property transactions published May 20 2013

Mon, 20 May 2013 05:33:31 -0400

These property transactions were filed with the Saratoga County Clerk’s Office from May 8 to May 9. Property transactions list seller, buyer and transfer tax. Specific addresses are supplied when available. The following are listed by town in the form of seller, buyer and purchase ...

Court Nixes Mississippi Property Owners’ Greenhouse Gases Damages Suit

Mon, 20 May 2013 05:18:56 -0400

A federal appeals panel has upheld the dismissal of a lawsuit filed by a group of Mississippi Gulf Coast residents and landowners who alleged that emissions by energy companies contributed to global warming, which intensified Hurricane Katrina, which, in turn, damaged their property. In the lawsuit, the landowners sought compensatory and punitive damages against 32 companies and the Tennessee ...

The Truth About Buying a USA Investment Property

Mon, 20 May 2013 04:37:17 -0400

By Gerald Tay (guest contributor) The success of my overseas property investments in the last three years is due to co-investing with trustworthy foreign partners, whom themselves have decades of property investment experience in that particular country both as a local and investor. I have never bought an overseas investment property from property seminars or exhibitions, simply because I ...

Commercial property markets take an early holiday

Mon, 20 May 2013 04:21:48 -0400

Yields in the European commercial property investment market gathered pace in the second quarter of 2008 rising to their highest since 2006, according to Cushman & Wakefield. The real estate firm found that investment volumes are down 63 per cent on the same period in 2007, and that trading volumes fell to €25.6bn in quarter two, which is their lowest since 2003. Prime yields on ...

Fidelity International Real Estate Business expands into Germany

Mon, 20 May 2013 04:21:21 -0400

Fidelity International’s Real Estate Business is planning to expand into the Continental European market with the opening of a dedicated Fidelity Real Estate Business office in Munich. The new office, which is currently going through its regulatory notifications, will provide a strategic base for Fidelity’s director of European Real Estate, Keith Sutton. From here he will ...

As of right now its all been a blackout

Mon, 20 May 2013 04:17:49 -0400

Massachusetts Bay Transportation Authority Officer Richard Donahue has been recovering alongside victims injured in the April 15 attack by the marathon's finish line since his transfer to Spaulding Rehabilitation Hospital in Boston on Friday. The 33-year-old uses crutches to get around now, and is coping with nerve damage that makes it painful to walk and difficult to sleep. But sitting ...

Costly refinancing mistakes to avoid

Mon, 20 May 2013 04:17:48 -0400

If you're thinking about refinancing your mortgage, now is a great time to take advantage of super low interest rates. But until the loan has been finalized and you've signed off on all the documents, resist the urge to go out and celebrate your upcoming savings with that new big screen TV. Why, you ask? Your lender has eagle eyes when it comes to watching your credit. Once you are in ...

China housing stays hot

Mon, 20 May 2013 03:44:09 -0400

Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic ...

Star Trek villain steals movie from cast mates

Mon, 20 May 2013 03:25:40 -0400

Guess which one is Benedict Cumberbatch's natural hair color (Photo: WireImage) He has successfully stolen the spotlight from his ensemble cast mates and blushingly touts his growing fan base of ...

Dubais DIFC appoints real estate chief

Mon, 20 May 2013 02:55:48 -0400

Schafer, who has more than 30 years of experience in the commercial property sector, will be responsible for running the onshore financial centre's real estate portfolio, which includes 1.6m sqft of office and retail ...

BRIEF-Sirius Real Estate gets loan repayment extension

Mon, 20 May 2013 02:09:50 -0400

LONDON | Mon May 20, 2013 2:09am EDT LONDON May 20 (Reuters) - Sirius Real Estate Ltd : * Abn amro agreed to extend the repayment of their outstanding loan of E43.3M to 28th June 2013 * FY results expected to show significant improvement in recurring profit before tax on prior ...

Property tax pilots expected in more cities report

Mon, 20 May 2013 02:07:52 -0400

The government has put increasing pilot cities for property tax trials on the work agenda this year, the China Securities Journal reported Monday. The upcoming pilot work is expected to mainly levy taxes on homes purchased after the pilot is implemented, while also taking local conditions into account, the journal said. China's property tax pilot was initiated in January 2011 in Shanghai ...

Turkey new hotspot for GCC real estate investors

Mon, 20 May 2013 02:03:48 -0400

Turkey woos Gulf nationals as property investors Priding itself as the gateway between Asia and Europe, Turkey is successfully attracting Gulf nationals to its real estate sector.Last year, the country changed the law to facilitate property investments by Gulf nationals, allowing them to buy properties by passports only and offering a one-year residency permit to foreign investors and their ...

Capital gains from property targeted in Govts plan to fast-track consents

Mon, 20 May 2013 02:02:56 -0400

Q+A: Bill English interview The Government is aiming to cool housing inflation, seen as a threat to New Zealand's financial stability, while speeding up consents as part of a plan to encourage construction of 39,000 new homes in Auckland. Housing Minister Nick Smith's special housing area proposal, where central government would buddy up with local authorities to unlock land supply, ...

Chinas property market continues to heat up

Mon, 20 May 2013 02:00:27 -0400

Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic ...

Madonnas pretentious acceptance speech

Mon, 20 May 2013 01:39:50 -0400

Madonna accepts the Touring Artist Award from will.i.am [photo: Ethan Miller/Getty] Madonna's speech at Sunday night's Billboard Music Awards was such an over-the-top display of diva-dom, even audience members like Jennifer Lopez, Christina Aguilera, and Nicki Minaj were probably taken aback. But it was also one of the night's most entertaining ...

Whats that on J.Los arms

Mon, 20 May 2013 01:39:49 -0400

, that is. While her famous legs and booty were well on display, J-Lo was more than adequately covered up on top--especially her arms, which sported sleeves made of massively fluffy amounts of ...

North Korea launches projectile after launching short-range missiles

Mon, 20 May 2013 01:25:00 -0400

SEOUL, South Korea (AP) — South Korea has deployed dozens of Israeli-made precision guided missiles on islands near a western sea boundary disputed by North Korea.A North Korean artillery strike on one of the islands in 2010 killed four South Koreans.South Korea's Defense Ministry announced the move as North Korea fired a projectile into waters off its eastern coast Sunday, and a day ...

Chinas red-hot property market shows no signs of slowing

Mon, 20 May 2013 01:17:09 -0400

Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic ...

STOCKS NEWS SINGAPORE-Index up SingTel Keppel strong

Mon, 20 May 2013 00:48:47 -0400

Singapore shares edged slightly up, with Singapore Telecommunications rising to its highest since January 2008 and Keppel Corporation hitting a one-month high. The Straits Times Index edged up 0.1 percent to an intra-day high of 3,458.04, its ...

Innovation Campus impact Mall expansion First in Print

Mon, 20 May 2013 00:00:00 -0400

Innovation Campus rendering First in Print highlights The Business Journal's subscriber-only print stories that are now being made available online for non-subscribers after 30 days. Be among the first to read them by subscribing here. High tech, high profile: Innovation Campus could draw $300M in new development Holes have already begun to appear on the Wauwatosa land where the University of ...

Homeowners Draw a Line in the Sand Over Dunes

Sun, 19 May 2013 23:56:18 -0400

Developer John McDonough, in front of dunes in Ocean Beach. Many coastal New Jersey residents are resisting a $1 billion state plan to shield shore-front towns from storms with towering dunes and a mix of protective measures. As some cite fears the sand-replenishment projects would drag down their property values, about 1,800 landowners have declined to sign agreements to allow construction on ...

More fake property-tax relief

Sun, 19 May 2013 23:36:06 -0400

Yet Cuomo’s done little about them. In March 2011, his much heralded Mandate Redesign Team report was mostly silent on the most damaging mandates. Former two-term Suffolk County Executive Steve Levy called it a "disappointment" that "represents a major missed opportunity for real reform."For instance, it had nothing to say on the onerous Triborough Amendment, which ...

Proposal gives Walker administration more power to sell state property

Sun, 19 May 2013 22:40:01 -0400

Madison - Gov. Scott Walker's administration would gain broad authority to sell state property - including prisons, highways, heating plants and university dormitories - under a plan legislators will take up Tuesday. Proceeds would be used to chip away at the state's $8 billion debt, but the state entities that formerly owned the properties might not see any benefit from the sales. So, ...

Tornadoes rumble through Plains Midwest

Sun, 19 May 2013 22:09:36 -0400

Shawnee, Oklahoma , east of Oklahoma City. Police in Shawnee could not immediately be reached to confirm the report. Officials of the National Weather Service in Oklahoma issued a series of increasingly urgent warnings in the late afternoon and evening, including an alert on Twitter about a tornado striking Pink, a town on the edge of Oklahoma City. "Large tornado west of Pink!" ...

Singapore Stocks - Factors to watch on May 20

Sun, 19 May 2013 21:18:47 -0400

Following are some company-related and market news which could have an impact on the local market. --------------------MARKET SNAPSHOT @ 0002 GMT--------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1667.47 1.03% 17.000 USD/JPY 102.77 -0.15% -0.150 10-YR US TSY YLD 1.9559 -- 0.002 SPOT GOLD 1347.24 -0.84% -11.460 US CRUDE 95.85 -0.18% -0.170 DOW JONES 15354.40 0.80% 121.18 ASIA ...

Hong Kong shares may start week higher China property in focus

Sun, 19 May 2013 21:11:04 -0400

HONG KONG | Sun May 19, 2013 9:11pm EDT HONG KONG May 20 (Reuters) - Hong Kong shares could start the week higher on Monday, with China property counters in focus after data over the weekend showed housing inflation accelerated to its fastest pace in April in two years. Average new home prices rose 4.9 percent in April from a year earlier - the sharpest since April 2011 - after a 3.6 ...

Elite FBI agents killed in training accident off beach in Virginia

Sun, 19 May 2013 20:50:38 -0400

United States Two FBI agents from the elite Hostage Rescue Team have been killed in a training accident.The Federal Bureau of Investigation says they died off a beach in Virginia.US media reports say the accident involved a ...

NSW property sector backs OFarrell on GST

Sun, 19 May 2013 20:41:47 -0400

THE NSW property industry has backed calls by Premier Barry O'Farrell for the changes to the GST to be included in a debate on tax ...

Player ejected for insulting his own fans

Sun, 19 May 2013 20:27:22 -0400

In the 59th minute of Zenit St. Petersburg's final home match of the season, 31-year-old Russian international Roman Shirokov was brought on to boos and jeers. In the first minute of injury time, Shirokov put away the final goal in Zenit's 3-1 win against Volga Nizhny and he celebrated by giving fans behind the goal an "up yours" gesture as payback for his reception half an ...

Why the Benghazi issue wont go away

Sun, 19 May 2013 20:27:21 -0400

Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador Chris Stevens and three other Americans. Republicans and Democrats began condemning each other's response to Benghazi within hours of the first shots fired. The issue has flared and dimmed ever since, revived by new testimony, reports or documents like ...

Diesel cars What you need to know

Sun, 19 May 2013 20:27:19 -0400

700-HP Electric Honda S2000 Built By High Schooler: Video It's an exciting time for diesel fans in the U.S, with automakers finally waking up to that section of the market that longs for great highway MPG and lots of torque. Most people already know the benefits of modern diesels, but there are a few general things that people may have missed.Here are six important things you should ...

Argument apparently over ATV use turns deadly for Owsley County property owner

Sun, 19 May 2013 20:04:41 -0400

BOONEVILLE - An Owsley County man died Saturday and a second man was shot after the two allegedly got into an argument involving an all-terrain vehicle. Kentucky State Police were called at 8:14 p.m. Saturday to Seales Road in Owsley County by Andy Smith, 25, who had been shot. When they arrived at a home on Seales Road, they found Abner Gabbard, 71, dead, apparently from a gunshot wound. Trooper ...

Ogun pays relocation allowance to landlords tenants

Sun, 19 May 2013 19:17:59 -0400

The Ogun State Government has said it has paid landlords, tenants and shop owners whose properties fall within right of way of the proposed shopping malls and residential buildings in Abeokuta relocation allowances, ahead of the demolition of such ...

Outpost Natural Foods plans July start 80 jobs for Mequon store

Sun, 19 May 2013 19:00:02 -0400

Rendering of Outpost Natural Foods' store in Mequon Outpost Natural Foods Cooperative has closed on the purchase of a site in Mequon for its fourth store location, expected to create 80 jobs, and is aiming for a July start to construction. Also this week, an Oconomowoc developer proposes building townhouses on a South Milwaukee site owned by the city of South Milwaukee. The Milwaukee-based ...

Models sudden fame an awkward surprise

Sun, 19 May 2013 18:47:34 -0400

BBC News . In the editorial, she urges women to stop worrying about their thighs and feel comfortable in their skin no matter what type of body they have, touching on her own awkward teenage ...

Violent tornadoes hit Kansas Oklahoma

Sun, 19 May 2013 18:47:33 -0400

Wichita Mid-Continent Airport shortly before 4 p.m. CDT Sunday. A tornado also reportedly grazed the Oklahoma City suburb of Edmond before heading toward a sparsely populated area. There were reports of debris but no injuries or traffic crashes. ...

Property developer trapped in China’ after joint venture goes sour

Sun, 19 May 2013 18:16:19 -0400

A British property developer has claimed that he and his family are being prevented from leaving China after a joint venture with a state-backed company turned sour. Keith Darby alleges his business and millions of pounds of UK investment funds have been seized illegally in a case he said should serve as a warning to all foreign investors in China. He said his passport was taken by ...

Aniston supermodel caught in same dress

Sun, 19 May 2013 17:59:09 -0400

Aniston, 44, modeled the frock at the launch of her Living Proof Good Hair Day Web series in New York City on May 8. The 39-year-old Moss threw it on for a dinner date in London on April ...

Spring style trends you should avoid

Sun, 19 May 2013 17:59:08 -0400

Keeping up with the latest trends of the season can be just as important as knowing what NOT to wear. Case in point: these five spring trend no-nos. Thread host and supermodel Jessica Stam has the looks to avoid this ...

Theres no wishing away mental illness

Sun, 19 May 2013 17:59:06 -0400

As the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) is released in May, Yahoo is featuring first-person stories from Americans who are diagnosed with some of the most common mental health disorders in the United States. Here are some of their stories. In the caption, you can click to their full accounts to read ...

Backstreet Boys Fans crazier than before

Sun, 19 May 2013 17:59:05 -0400

The Backstreet Boys reunite. (Big Hassle) They really mean it this time. Backstreet's back, alright? After decades of churning out chart-toppers and wooing girls with their slick moves and snappy jams, the Backstreet Boys ...