Home prices have posted six months of gains, according to the Case-Shiller home price index, released this morning. But some housing bears say that the fundamentals don’t support those price gains and that, even once the market finds a bottom, home prices aren’t likely to show significant appreciation for many years to come.
Housing economist Dean [...]
The tabloids might be obsessed with Tiger Woods’ marriage, but we’re more interested in his real-estate dealings.Golf-resort developer Jim Anthony seemed to have pulled off a major coup by signing Mr. Woods to design the superstar’s first U.S. course at a 3,200-acre community in the high meadows of the Blue Ridge Mountains in North Carolina.That’s [...]
Read more(WOW… that’s all I can think of to say. Seriously? Drop resort from the name…? I would think the people for whom that would be a problem – would be the very people who more than likely wouldn’t go to a resort. It is after all… a …resort. A place to escape. To relax. We’ve [...]
Read more(Interesting article [and commentary] – considering a lot of the industry is still in denial. Acknowledging the problem is the first step toward finding a solution IMHO – bc)
Bobby Weed is brainstorming. You can tell he’s brainstorming because he’s sprawled in a chair with his feet up on a big design table, his hands locked [...]
Call it a bailout, Caribbean style.
Barbados, a popular vacation spot for the affluent, is bailing out the troubled Four Seasons luxury-resort development on the tiny island. Construction of the project stalled a year ago as financing dried up and sales of its private villas slowed—after initially attracting a cast of celebrity buyers.
In a bid to [...]
The president of Fairmont Hotels & Resorts has branded the collapse of Dubai’s real estate industry the “single biggest challenge” facing the emirate’s hospitality industry.
In the peak of the property boom, the engine of Dubai’s economy, hotels leaned heavily on its custom to fill their rooms and were left with few alternatives when the real [...]
Don’t cancel that spa appointment just yet: Luxury hotel stays are coming back this year.
Or so say some of the largest U.S. owners and operators of luxury hotels.
“Rumors of the demise of luxury are greatly exaggerated,” said Frits van Paasschen, president and chief executive of hotel operator Starwood Hotels & Resorts Worldwide Inc., at a [...]
A lawsuit seeking class-action status was filed Sunday in behalf of homeowners, property owners and investors against Credit Suisse AG, claiming the bank engaged in predatory lending practices at Lake Las Vegas and other resort developments during the boom years of the 2000s.
The suit, filed in U.S. District Court in Idaho by a team of [...]
An increase in hotel-investment activity among major players with their eyes on distressed properties offers a strong sign of recovery in the market. In addition to the Blackstone Group’s play for hotel REIT Highland Hospitality Corp., private-equity firm CIM Group has come to the aid of Harry Macklowe in helping avoid foreclosure on the Midtown [...]
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