Obama’s Team Ups Demand For DC Condos

February 12, 2009
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Capitol Hills’s condominium market is experiencing a surge thanks to President Barack Obama, specifically to his team who are starting to migrate to the country’s capital city. The increasing demand for abode and condominium units has somehow created an excitement among Capitol Hill’s real estate sector which has also been feeling the economic slump. Condominium sellers in the area have started to spruce up their units with a view of having them rented or sold to the administration’s staff and team.

Almost half of the city’s condominium inventory is located in Washington, D.C. and this is where Obama’s people are headed now that he has started his first weeks in office.…

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Filed Under: Luxury Real Estate, Real Estate Investment

$1M Boston Construction Hits Snag

February 10, 2009
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Well known and respected, real estate company Boston Properties, Inc, whose holdings and business interests run the gamut from Boston, New York, particularly Midtown Manhattan, the nations capital, Washington, D.C., San Francisco and Princeton, N.J. suspended construction on its new project at 250 West 55th Street in New York City.

A large law firm which was scheduled to be one of the tenants of the yet unfinished building, backed out of their agreement as they will be unable to hold up their end of the agreement.

The multi- million dollar office building’s construction, due to be finished by 2011, will resume as soon as the company deems it viable to do so.…

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Filed Under: Economy Crisis, Real Estate Investment

Billion-Dollar Casino-Entertainment Complex In Arundel Mills Eyed

February 9, 2009
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A super rich developer with plenty of ready cash is eyeing a billion-dollar project that will put up a casino and entertainment complex in Arundel Mills. Cordish Companies president David Cordish said the plan includes the construction of the largest casino in Maryland, live entertainment venues and hotels. He said the project will be the stimulus that the government is looking for to prep up the economy amid the real estate downturn and economic crisis. Cordish promised to hire over a thousand construction workers immediately after the project is approved.

Cordish envisions a $1 billion residential, retail, entertainment and casino fixture in Arundel Mills which will provide up to 2,000 construction…

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Filed Under: Luxury Real Estate, Real Estate Investment

Singapore Makes It In World’s Top 10 Real Estate Destination List

February 9, 2009
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Real estate investors are no longer limited to the United States when it comes to choosing a real estate destination as they can now go to London, Tokyo, Shanghai, Paris and Singapore. This, according to the Association of Foreign Investors in Real Estate. Singapore made it to the top 10 list of ideal real estate destinations all over the world.  Real estate in the US may be experiencing a downturn but Washington, D.C. still lorded it over the other real estate destinations at number one followed by New York City (3rd), San Francisco (6th) and Los Angeles (7th).

London leapfrogged to the top of the list thanks to bigger government spending…

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Filed Under: Real Estate Investment

Las Vegas Construction Goes On Despite Crisis

February 6, 2009
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Las Vegas is not about to lose its glory as a millionaire-maker city, even in the midst of the current crisis. Yes, its housing market may have collapsed; previous years’ project constructions may have been stalled but other commercial establishments are on the rise.

Job opportunities may not be that bad in Las Vegas which is a favorite destination of casino lovers as well as a known host to big-ticket boxing match. Here’s good news for Las Vegas frequent visitors. Chris Whittaker, real estate agent with the O’Keefe Whittaker Group has revealed that a number of hotels, casinos and other businesses will be opening up in the Las Vegas Strip. And that Scott Meservey,…

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Filed Under: Economy Crisis, Real Estate Investment

Dubai’s Ambitious Island Project Continues

February 6, 2009
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Humans have once again proven their ingenuity and brilliance. They proved it this time with the creation of a 300-island resort right at the Arabian Gulf in Dubai. It seems that the Emirates is not feeling the economic pinch as its government is pushing for the realization of  such an ambitious project which can only be found in Dubai.

Imagine its project name, “The World”! At the helm of this new world creation is Nakheel Properties which is a company owned by the Emirates government. Each island of The World is up for sale but per invitation only. But it’s worth the $15 million to $50 million you are investing to be able to buy…

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Filed Under: Luxury Real Estate, Real Estate Investment

Washington Suburb On The Road To Real Estate Recovery

February 4, 2009
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There’s a silver lining behind the dark real estate clouds and Prince George’s County in Maryland is among the first one to see that hope.  The real estate market of this Washington suburbia is on its way to recovery. This means a slow climb out of the foreclosure mess which has ravaged many real estate markets in the country. It has in fact emerged as one of the hot markets in the region based on pending sales statistics. Prince George has a 4% unemployment rate and is enjoying an increase in job opportunities thanks to the various commercial development projects in the Potomac River as well as the 2,200 additional…

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Filed Under: Economy Crisis, Real Estate Investment

Investing In Self-Storage Facilities

February 4, 2009
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The real estate industry may be at a standstill but there are thriving sectors you can consider for investment purposes.  Self-storage facilities aimed at small scale businesses may not be highly glamorous but is one of the safest real estate industry niche. There are over 52,000 self-storage facilities all over the country that are raking in up to $20 billion annually sales wise. The Self Storage Association confirmed that this business is thriving because people always need someplace to keep their stuff.

The thousands of self-storage facilities nationwide are generating positive cash flow despite the economic downturn and the 30% vacancy rates. This is an ideal area for small scale investors…

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Filed Under: Real Estate Investment

Austin Still Attractive To Foreign Real Estate Investors

February 2, 2009
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The year 2009 was a good one Austin as a preferred destination of foreign investors who are looking for viable investment opportunities in the United States. Latest survey conducted by the Association of Foreign Investors in Real Estate showed that Austin ranked 11th in the new survey of cities in the U.S. that foreign investors have found attractive to pour their investments in even during these times.

Conducted in the 4th quarter of 2008, the survey could be considered as reliable and worthy of our high hopes for a still dynamic real estate business in the U.S. because its respondents were Association members who have a considerable $1 trillion worth of real…

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Filed Under: Real Estate Investment
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