North America

US Real Estate Will Rally in 2013

Economist Shayne Heffernan says it is time to take advantage of the cheap money on offer in the USA and buy real estate. Development and construction of commercial real estate – office, industrial and retail buildings – rebounded in 2011, the first year to post gains since the recession began in 2007, according to a [...]

CS, DBK, BCS, GS To Buy Fed Real Estate

Major EU banks preparing bids for real estate debt assumed by NY Fed CS, DBK, BCS, GS, AIG, JEF Deutsche Bank AG (NYSE:DBK), Barclays Plc (NYSE:BCS), Credit Suisse AG (NYSE:CS)are preparing bids for US$7.49-B of real estate debt assumed by the US Federal Reserve Bank of New York in Y 2008. It will likely take [...]

Read More » Comments Off April 12, 2012

US Real Estate: Mortgage Rates Rise

According to the LendingTree Monthly Mortgage Review, average mortgage rates inched up in March, while more borrowers than ever took advantage of low Federal Housing Administration (FHA) loan rates. Even with the slightly higher rates experienced by the market in March, the average FHA 30-year fixed rate was just 3.85 percent, almost 50 basis points [...]

Ashton Kutcher buys Hollywood Mansion Before Bieber

Ashton Kutcher buys Hollywood Hills home “Two and a Half Men” star Ashton Kutcher has bought a home in the heart of the Hollywood Hills for an undisclosed amount. The house had most recently been listed at $10.8 million. The modern house, completed in 2007, has views of the Hollywood Reservoir and the Hollywood sign. [...]

USA Real Estate: New York Prices Fall

Manhattan apartment prices on the decline Manhattan apartment prices dropped in Q-1/ The median price of all condominiums and co-ops that changed hands in the Quarter ended 31 March fell 0.9% from a year earlier to $775,000 according to the data. Deals totaled 2,311, down 3.5% from Q-1 of Y 2011. Studios and 1-bedrooms accounted [...]

Lehman Brothers Holdings Inc. (PINK:LEHMQ): Setai in Trevi Luxury Real Estate Deal South Beach

Lehman Brothers Holdings Inc. (PINK:LEHMQ): Setai in Trevi Luxury Real Estate Deal South Beach Setai Owners LLC, a hotel company affiliated with Lehman Brothers Holdings Inc., today announced that the Setai Resort & Residences is under new management. The owner terminated its agreement with General Hotel Management, Ltd. and GHM (South Beach) LLC (“GHM”) today [...]

Real Estate News: Where are the Wealthy Buying?

Popular cities for the Ultra-Rich London is the most important City in the World according to the ultra-wealthy. The Wealth Report, a new study by Knight Frank Research and Citi Private Bank, list the 10 International cities that high-net-worth individuals consider the most important. The report surveyed individuals worth more than $25-Min investable assets to [...]

US Real Estate Undervalued as Prices Hit 10 Year Low

US home prices hit 10-yr low The US housing market started off the new year without any fanfare. Home prices dropped for the 5th month running in January, reaching their lowest point since the end of Y 2002. The average home sold in that month lost 0.8% of its value, compared with a month earlier, [...]

USA Real Estate: The Fed on Foreclosures and the Housing Market

Chairman Issa, Ranking Member Cummings, Congressman Towns, and members of the Committee, thank you for the opportunity to appear before you today to update the Committee on the Federal Reserve’s progress in implementing both the foreclosure review process as well as its progress in implementing the requirements of the enforcement actions that the Board issued [...]

Real Estate Data to Dominate Wall St

Real Estate data and earnings from economic bellwether FedEx Corp. (NYSE:FDX) may offer investors some clues weethisk about the strength of the US recovery. Financial results from Oracle Corp. (NASDAQ:ORCL) and Nike Inc. (NYSE:NKE) and speeches from US Federal Reserve officials may also will be in the spotlight. US economic data released in the past week were mostly positive, [...]

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …