Home prices recovered in more than a third of U.S. metropolitan areas in the fourth quarter, the National Association of Realtors said Thursday.The median price for single-family home resales was up from a year earlier in 67 of the 151 U.S. metropolitan areas included in the trade group’s quarterly survey. The Realtors pointed to “a [...]
Read moreIntrawest Holdings, owner of Whistler-Blackcomb resort, which is hosting ski events for the Vancouver Winter Olympics this month, said on Tuesday it has agreed to sell its Sandestin Golf and Beach Resort in Florida as it looks for ways to get out from under a heavy debt load.
Intrawest did not disclose the purchase price but [...]
Dubai is reportedly preparing to sell a host of assets, including one of the world’s best known cruise ships, as the emirate’s investment arm looks to restructure a mountain of debt.
The Queen Elizabeth II, or QE2, is rumored to be one of the assets that Dubai’s state-run private equity firm, Istithmar World, is planning to [...]
Why would a corporation let a beautiful resort die? Why would it let the resort gasp for breath and be overrun with weeds, broken windows, ripped awnings and filth?
The senseless death of the Grand Beach Resort on St. Thomas is sick and sad.
It has spent more than five years rotting away on one of the [...]
Mortgages are dangerous toys.The statement itself is ludicrous. Mortgages should be neither dangerous nor toys.But let’s not fool ourselves. That’s what they became in the infantile hands of some banking underwriters and real estate speculators. They cut corners to earn quick-and-easy profits.We used to call that simple greed.So what to make of the attempt to [...]
Read moreThe current economic recession is hitting all levels of income, including the rich and affluent. Many feel the real estate market started the current meltdown and there’s no sign out there that it’s on the rebound.
Because of the this, many affluent homeowners are looking for alternative means of selling their primary or secondary home, rather [...]
Gooding & Company, the internationally recognized auction house, is hosting a vintage automobile auction at Amelia Island Plantation—a AAA Four Diamond resort property located in northeast Florida. The one-day auction will take place on Friday, March 12 at 5 p.m.
The auction’s main attraction is the 1931 Voisin C20 “Mylord” Demi-Berline, Best of Show winner of [...]
(From the business section of the LA Times… bc)
Auctions gained traction in last year’s down housing market as a way to sell real estate — in all price ranges. It’s a trend I expect to see more of in 2010, and not just for bank-owned homes.
A 13,500-square-foot spec built mansion in Tarzana that went for [...]
Florida Community Bank — the institution that had lent $21 million to troubled Venice home builder Jacques Cloutier — was closed by state and federal regulators on Friday.
The bank, which operated branches in Port Charlotte and Punta Gorda, was closed by the Florida Office of Financial Regulation and immediately sold to Premier American Bank of [...]
In June, 40-year-old Shane Dawley and his 36-year-old wife, Rhonda, uprooted themselves and their four boys from their suburban Atlanta rental home and bought an old five-acre farm in Ogdensburg, Wisc. Their goal: Flee the rat race and adopt a more self-reliant lifestyle amid the troubled economy.
While Mr. Dawley, who had worked at a parking [...]
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