(CHICAGO, IL) Foreign Investors Resurfacing for Prime Properties in U.S. CBD Markets(CHICAGO, IL) -- European money is starting to smell the potential near-future deals in the U.S. commercial real estate kitchens.Jim Postweiler, a managing director in the Chicago office of Jones Lang LaSalle and
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07/01/2009
(WASHINGTON, D.C.) FHFA Authorizes Fannie Mae and Freddie Mac to Expand Home Affordable Refinance Program to 125 Percent Loan-to-Value(WASHINGTON, D.C.) -- The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to expand the Home Affordable Refinance Program (HARP) to homeow
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07/01/2009
(NEW YORK, NY) How Unemployment and Inflation Could Affect Commercial Real Estate Values(NEW YORK, NY) -- The most common question I am asked these days is, "When will the good times return to the commercial real estate market?" That question is impossible to answer with accuracy as we are in unp
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07/01/2009
(WASHINGTON, D.C.) Mortgage Applications Decrease in Latest MBA Weekly Survey(WASHINGTON, D.C.) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 26, 2009. The Market Composite Index, a measure of mortgage loan application vo
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07/01/2009
(RIVERSIDE, CA) Pinnacle Picks Up Marriott Riverside at Bargain Price of $19.3M(RIVERSIDE, CA) -- The bargain-basement acquisition chute has opened in the U.S. hotel industry.San Diego based Pinnacle Hotels USA has purchased the 292-room, 12-story Marriott Riverside in Riverside, California for $
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07/01/2009
(LONDON, UK) Germany Hotel Forecasts Make Tough Reading(LONDON, UK) -- Forecasts from the May 2009 Hotel Market Forecast report from STR Global indicate that average daily rate declines during the next 24 months across Germany's major cities will be the main cause of the industry's sluggish perfo
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07/01/2009
(WASHINGTON, D.C.) May 2009 Construction at $964 Billion Annual Rate(WASHINGTON, D.C.) -- The U.S. Census Bureau of the Department of Commerce announced today that construction spending during May 2009 was estimated at a seasonally adjusted annual rate of $964.0 billion, 0.9 percent (±1.1%)* be
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07/01/2009
(ALGARVE, PORTUGAL) Crowne Plaza Hotel Moves into Portugal(ALGARVE, PORTUGAL) -- The Crowne Plaza Vilamoura, set to open in January 2010, will be the first Crowne Plaza hotel in Portugal. The historic deal is the first franchise agreement between IHG (InterContinental Hotels Group) and the Grupo
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07/01/2009
(WASHINGTON, D.C.) Pending Home Sales Record Fourth Straight Monthly Gain(WASHINGTON, D.C.) -- Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, READ FULL STORY HERE: (www.
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07/01/2009
(LOS ANGELES, CA) CBRE Releases Global Retail Report, New York City Still Most Expensive Market (LOS ANGELES, CA) -- Despite prime retail rents that have fallen in almost every region worldwide as the global recession impacts consumer sentiment and retail sales, New York City remains the world's
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06/30/2009
