Thursday, January 24, 2013

The Appraisal Betrayal - Wall Street Journal

The Appraisal Betrayal - Wall Street Journal

The Appraisal Betrayal - Wall Street Journal

Wall Street JournalThe Appraisal BetrayalWall Street JournalOn average, one-third of real-estate agents said the appraisal process resulted in buyers and sellers delaying or canceling contracts or renegotiating to a lower sales price last year, according to a National Association of Realtors' monthly survey of ...

The Big Score - Wall Street Journal

The Big ScoreWall Street JournalSo on a $30 million sale, for example, an agent could take home the majority of a $1.2 million commission, with a portion going to the real-estate brokerage. If the broker represented only one side of that transaction, the take-home pay would still be ...

Selling a Dream at Sundance - New York Times

New York TimesSelling a Dream at SundanceNew York TimesSo taking a popular page out of the playbook used in places like Manhattan, the Hamptons and Miami, some in the real estate community took a different tack at Sundance this year. ... Its price tag: $21.9 million. This was no ordinary open house. Over ...and more »

Burswood project gets green light

James Packer's $570 million luxury hotel project at Burswood has been given the green light by Federal and State environment watchdogs, clearing the way for the massive development to begin as early as April.

Blackstone Said to Seek $450 Million for Hotel Financing

Blackstone Group LP (BX) , the largest U.S. hotel owner, is in talks to borrow about $450 million to refinance debt on San Diego's historic Hotel del Coronado to take advantage of lower interest rates, said a person with knowledge of the plans.

Greg Schiano pays back $300K Rutgers loan, ending former coach's unusual ... - The Star-Ledger - NJ.com

The Star-Ledger - NJ.comGreg Schiano pays back $300K Rutgers loan, ending former coach's unusual ...The Star-Ledger - NJ.comThe custom-designed Colonial, which has been on the market for more than nine months, has had its price slashed from $2.3 million to $1.95 million. Michael Santini, Schiano's real estate agent, ... Santini, Schiano's real estate agent, said selling the ...

Manager of Corvette Diner, Prado May Open Restaurant in Pier South Hotel - Patch.com

Manager of Corvette Diner, Prado May Open Restaurant in Pier South HotelPatch.comThe hotel is now scheduled to open in late spring, possibly May, but the public can expect to see major portions of the hotel begin to come to life in the coming weeks and months, said Project Manager Vikram Sood. The hotel will ... Angela Frank of ...

Foreclosures hit Randall retail corridor - Northwest Herald

Foreclosures hit Randall retail corridorNorthwest HeraldInland Real Estate stopped making mortgage payments on the 563,704-square-foot outdoor shopping center at 1900 S. Randall Road last June in an effort to convince its lender to restructure loan payments. In response, U.S. Bank filed for foreclosure ...and more »

Digital Realty opens Sydney data centre - The Australian

Digital Realty opens Sydney data centreThe AustralianA typical summer's day greeted the premier as he officially opened Digital Realty's first local data centre. Digital Realty, a provider to social networking giant Facebook in the US -- will pump a total of $350 million building data centres in ...Rackspace customers jump into Sydney data centreiT Newsall 4 news articles »

What's for Sale in Santa Ynez Wine Country - Hollywood Reporter

Hollywood ReporterWhat's for Sale in Santa Ynez Wine CountryHollywood ReporterIn 2005, 20th Century Fox Television chairman Gary Newman and his entertainment attorney wife, Jeanne, opened Jorian Hill Vineyards, nestled on 20 acres in the hills of Ballard Canyon, and screenwriter Brian Helgeland's wife, Nan, is the proprietor of ...and more »

Wegmans, Hilltop Village Set to Open in 2014 - Patch.com

Wegmans, Hilltop Village Set to Open in 2014Patch.comWegmans updated its website with the anticipated opening, though it still doesn't provide an exact opening date. In November 2011, much of the site was purchased by Texas-based Weingarten Realty for $13.6 million. Construction began in January 2012, ...

Grand Hyatt Denver hotel announces $28 million redesign

The Grand Hyatt Denver hotel has announced a $28 million redesign, including renovations to the lobby and all 516 guest rooms and suites.

What You Get for ... $1.1 Million - New York Times

New York TimesWhat You Get for ... $1.1 MillionNew York TimesWalls in the formal dining room are covered in ornately patterned Italian fabric; French doors at one end open to a kitchen with ceramic tile counters, a Sub-Zero refrigerator and a Dacor oven. The family room, an addition, has a gas fireplace flanked ...

Accor quits Mandurah hotel

Perth-based property group FJM Property has paid close to $15 million to buy the Sebel Hotel in Mandurah from French hotel chain Accor Asia Pacific

Courtyard Chicago Arlington Heights Hotel Completes $1.9 million Renovation

Chicago area hotel makes sweeping changes to its lobby, guest rooms, meeting rooms to start 2013Chicago, IL (PRWEB) January 23, 2013 It's out with the old and in with the new at the Courtyard Chicago Arlington Heights/South. One of the most popular hotels in Arlington Heights, Illinois, now features welcomed upgrades to its guest rooms, lobby, meeting spaces, business center, restaurant and ...

Summit Hotel Properties, Inc. Closes Acquisition of Hyatt Portfolio

Summit Hotel Properties, Inc. today announced the closing of its acquisition of three hotels containing an aggregate of 426 gues

Six Hotel Destinations That Make Winter Wonderful

Forget about sun and sand with a trip to one of these exciting localesTORONTO, Jan. 23, 2013 /CNW/ - When cold weather hits it can be tempting to crawl under the covers and hibernate at home. However, ...

Indigo Sky Casino and Hotel Selects Software Suite from Agilysys

Agilysys, Inc. , a leading provider of innovative information technology and hospitality software solutions, today announced that Indigo Sky Casino and Hotel in Wyandotte, Okla., has selected a comprehensive software suite from Agilysys, including solutions for property management, point-of-sale and inventory and procurement.

Portland OKs new hotels on waterfront, Exchange St.

The $22.5 million in hotel developments will add more than 230 rooms and two restaurants to the Old Port area.

Further dialogue on hotel

Plans for a $100 million five-star hotel on Dunedin's waterfront are to go back to submitters for another round of public consultation. read more

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