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Real Estate Industry
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RESIDENTIAL REAL ESTATE NEWS
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| Residential Real Estate Industry News Headlines | Bizjournals.com
Real Estate:Residential headlines from the week of June 30, 2008
Foreclosures of luxury homes on the rise
Local foreclosures of million-dollar homes have more than doubled in the first half this year from a year ago, according to a recent survey by Foreclosure Listing Service Inc.
Target discontinues coupons due to fraud
Target Corp. said it will no longer accept coupons for $5 off a purchase at its stores, because of fraudulent tampering. (TGT)
One River Plaza developers ask for second extension
Miller-Valentine Group and the Gregory family have requested a second extension to submit final development plans for their $143 million One River Plaza condominium project.
San Antonio launches new pilot recycling program for apartments
The City of San Antonio is expanding its residential recycling program to include apartment complexes. The city is launching a pilot recycling program for multi-family housing properties, which is slated to begin this summer and operate over the next six months.
Provision for bad loans to sink M&I to loss
Marshall & Ilsley Corp. said Thursday that it plans to increase its allowance to cover bad loans and leases by up to $900 million because of continuing deterioration in the housing market. (MI)
FingerPaint moving to bigger space
FingerPaint Marketing in Saratoga Springs, N.Y., is moving to a bigger office at The Lofts at 18 Division Street to accommodate further growth.
Home Builders Charitable Foundation gives $10,000 to Habitat for Humanity
Habitat for Humanity of St. Charles County received a $10,000 donation from the Home Builders Charitable Foundation, the foundation said Thursday.
Blockbuster drops its bid to acquire Circuit City
Blockbuster Inc. has withdrawn its proposal to buy Circuit City Stores Inc., citing market conditions. (BBI) (CC)
Santa Clara County real estate, business equipment value tops $300B
The taxable value of real estate and business equipment in Santa Clara County rose above $300 billion for the first time ever this year, according to numbers released Thursday by the assessor's office.
IRS reduces filing extension for some business owners
Some business owners will have one less month to file their federal tax returns under a new rule implemented by the Internal Revenue Service.
Fantini & Gorga financed 50 West Broadway project
The $59.7 million in debt and equity financiing raised by John M. Corcoran and Co. and The Brennan Group to build the 139-unit apartment development at 50 West Broadway in South Boston was arranged by Boston-based Fantini & Gorga through an unnamed pension fund, participants said.
Developers open $5M 700 A Condominium on Southside
The $5 million 700 A Condominium project opened recently in the Forest Park South Avondale neighborhood.
CommScope unit seeks to redeem notes
CommScope Inc. subsidiary Andrew Corp. has called for the redemption of its 3.25 percent convertible subordinated notes on Aug. 20. (CTV)
Grant issued for Kenosha property cleanup
Silverstone Partners Inc. will receive a $409,500 brownfields grant from the Wisconsin Department of Commerce to help finance the redevelopment of property in Kenosha County.
Velocity Condominiums nabs $60M loan for waterfront project
Velocity Condominiums in D.C., the first of a three-part project on the Anacostia Waterfront, closed on a $60 million construction loan Wednesday.
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