Jamaican Real Estate Becoming A Showcase For High-End Living

February 13, 2009
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Majority of the world’s real estate destinations maybe experiencing a downturn but Jamaica is definitely on a roll. This exotic country is your typical developing country with glimpse of poverty on the side and luxurious golf courses and resorts on the side.  However, beyond the usual scenery lies the beginning of a property boom characterized by the Palmyra Resort which has been transplanted straight from far away Miami. With 11 villas and 277 apartments to cater to tourists and real estate investors at a price of up to $3.5 million for beachfront villas, Jamaica is fast becoming a showcase for high-end living.

The government has recently announced the construction of an…

Proposed NFL Stadium To Bring Work Opportunities In LA

January 19, 2009
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The proposed National Football League stadium is expected to bring thousands of work opportunities in the area and this is the primary reason why the Los Angeles Chamber of Commerce is fully supporting the project. Chamber marketing and communications director Gwen Oldham said job creation is very important as it stimulates the economy.

The $800 million project is being proposed by Majestic Realty Co which is owned by billionaire developer Ed Roski, Jr. If it pushes through, the stadium will seat on a 600-acre lot near the freeway exchange.

If all goes well, the NFL stadium will be completed by 2012 and the jobs it could generate will tremendously benefit the economy. …

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Filed Under: Commercial Real Estate, Economy Crisis

Entrepreneurs Urged To Take Advantage Of Reduced Office Rents

January 14, 2009
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Entrepreneurs may be feeling the economic pinch but they can still lower their costs by taking advantage of the reduced office rents even in New York locations. Business in New York has slowed down and landlords have no other choice but to lower down the rents in the face of an increasing number of empty office spaces.

New York real estate research firm Reis Inc said the rental for office space in the state went down by 1.2% during the last quarter of 2008 when taking into account free rents and other landlord concessions. This is considered the largest reduction since 2003 and after the 10.6% rise in rentals last 2007.

The…

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Filed Under: Commercial Real Estate, Real Estate
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