Singer-songwriter John Mayer has sold his Pacific Palisades, Calif., wonderland for slightly less than $1.3 million. The gated, two-story contemporary has an atrium entry and a great room with a media area
Category Archives: Commercial Real Estate
Singer John Mayer Sells Pacific Palisades Home
Posted in Commercial Real Estate Tagged a-sitting-area, a-swimming-pool, actor, beach, clients, commercial real estate, featured columnists, house, real-estate, swimming-pool, time, wife Leave a comment
U.S. Hotel Market Ends January with Performance Uptick
According to Smith Travel Research (STR), the U.S. hotel industry reported single-digit increases in all three key performance metrics during the week ending January 29, 2011. In year-over-year comparisons, occupancy increased 6.7 percent to 52.0 percent, average daily rate was up 2.7 percent to US$97.63, and revenue per available room finished the week up 9.6 percent to US$50.75
Posted in Commercial Real Estate Tagged florida, hawaii, increase-other, increased-37-7, largest, michigan, reporting-the, smith-travel, virginia, week Leave a comment
Google, Aegon Partner in $28 Million Low-Income Housing Project
Riverside Plaza Apartments, Minneapolis A big name in commercial real estate circles and a big name in the information technology circuit are partnering in a $28 million low-housing project in Minneapolis, MN and Santa Fe, NM.
Posted in Commercial Real Estate Tagged apartments, child-care, housing, information, mountain, rehabilitation, riverside-plaza, treasurer, university Leave a comment
Newest Wave in Foreclosure Tsunami: Many Churches Can’t Pay their Mortgages
Rev.
Posted in Commercial Real Estate Tagged a-big-maturity, church, education, florida, have-the-weekly, religion, street, until-the-bonds, wisconsin-based Leave a comment
Dubai Cancels Tiger Woods, Donald Trump Projects as Financial Crisis Lingers
Tiger Woods Dubai Golf Course (Masterplan) (DUBAI, UAE) — The big names are feeling the brunt of the financial crisis in Dubai even though some parts of the real estate industry seem to be doing better. This week Donald Trump and Tiger Woods learned that their signature projects were being cancelled. Back in 2008 the Trump Organization launched the Trump International Hotel & Tower Dubai on Palm Jumeirah with gala events in Los Angeles and New York.
Posted in Commercial Real Estate Tagged 2008-the-trump, a-decision-will, a-project-from, european, european-tour, signature, trump, uae Leave a comment
U.S. Unemployment Report Sends Mixed Signals in January
Because the U.S. housing market is driven by jobs, today the marketplace received mixed signals for aiding in any possible real estate recovery in 2011. According to the U.S
Canada’s Biggest REIT Doing $1 Billion Deal With Tanger
Fred Waks It used to be that $100,000 joint venture deals were considered big news.
Posted in Commercial Real Estate Tagged a-publicly-held, calgary, image, limited-brands, montreal, outlet-centers, tanger, tanger-outlet, united-states Leave a comment
CalPERS Sheds Big-Name Advisors After Losing $10 Billion+ in Last Two Years
Stuyvesant Town & Peter Cooper Village Big investment strategy changes coming at CalPERS this year.
Posted in Commercial Real Estate Tagged calpers, financial, hines-interests, investment, management, peter-cooper, portfolio, street, stuyvesant, wealth-partners, year Leave a comment
U.S. Mortgage Rates Post Mixed Results This Week
Frank Nothaft According to Freddie Mac’s (OTC: FMCC) latest Primary Mortgage Market Survey (PMMS), both long- and short-term mortgage rates showed mixed results this past week. Freddie Mac’s chief economist Frank Nothaft said, “Mortgage rates held relatively stable this week on news that the economy improved and inflation remained in check at the end of 2010
Freddie Mac Handles $15 Billion in Multifamily Mortgage Settlements in 2010
Freddie Mac (OTC: FMCC) reported today that it had approximately $15 billion in volume for its multifamily whole loan and bond guarantee business (multifamily mortgage settlements), compared to almost $17 billion in 2009. This volume includes Freddie Mac’s targeted affordable housing products, which finance apartments that receive some form of government subsidy. Mike May, executive vice president of Freddie Mac Multifamily stated, “Freddie Mac’s reliable flow of liquidity helped provide stability in the multifamily mortgage market.
