- Ikea Hotels? Swedish Furniture Chain Branching Into Budget-Chic Lodging
August 15 2012 11:22 AM
Ikea, the Swedish store known for its affordable DIY home furnishing, is branching into a new arena: the hotel business.
- The Ghost Of Lehman Brothers Still Haunts Real Estate Investors
August 14 2012 2:46 PM
Who was the biggest buyer of U.S. commercial real estate in the past 12 months? It wasn't a big private equity firm or luxury developer. Rather, it was the estate of Lehman Brothers, which is still making deals nearly four years after its demise.
- Archstone Prepares To Go Public; Top Residential Landlord Has 'Coveted' Portfolio
August 13 2012 6:01 PM
Archstone, the largest private U.S. residential landlord, will benefit from a strong urban portfolio and experienced management team as it prepares to go public for the second time, said analysts.
- Laureate Penthouse Sells For $11.55 Million
August 09 2012 1:03 PM
A penthouse at the Laureate, a luxury condo building in Manhattan's Upper West Side, has sold for $11.55 million, according to city records filed Thursday.
- "We Need To Shrink" -- Fannie Mae CEO
August 08 2012 2:07 PM
Fannie Mae (OTC: FNMA), the largest government-controlled mortgage backer, reported its second consecutive quarterly profit for the first time in five years Wednesday, but its CEO said the company should cede business to private investors when the housing market finally recovers.
- Freddie Mac Reports 2Q Profit, A Turning Point For Housing?
August 07 2012 5:13 PM
Freddie Mac, the government-controlled mortgage financier, reported a $3.02 billion second quarter profit Tuesday on a stronger portfolio, another sign of an improving housing market.
- U.S. Mortgages Rates Up For Second Time In 14 Weeks: Freddie Mac
August 02 2012 11:05 AM
U.S. 30-year fixed mortgages rates rose for only second time in the past 14 weeks on modest economic improvements, mortgage financier Freddie Mac said Thursday.
- Indian Firm Makes Big Bet On NYC With $750M Plaza Hotel Buy
August 01 2012 7:17 PM
India's Sahara India Pariwar Ltd. has agreed to buy a controlling stake in New York's Plaza Hotel for $570 million, placing a bet on one of the most robust U.S. hotel markets.
- Fannie-Freddie Mortgage Reductions Vetoed By Regulator, Underscoring Tension Over Housing Cure
July 31 2012 7:25 PM
A top U.S. housing regulator refused on Tuesday to offer principal reductions for mortgages held by Fannie Mae and Freddie Mac, highlighting a sharp difference in views over the best way to aid the beleagured real estate market.
- Homelessness Rising In England To Olympian Heights
July 31 2012 12:35 PM
Some of the results for specific councils are quite shocking,? said Judy Aldred, managing director of SSentif.
- Rising US Home Prices Point To Housing Sector Traction
July 31 2012 11:01 AM
U.s. single-family home prices rose for the fourth month in a row in May when adjusting for seasonal swings, suggesting the recovery in the housing market continued to gain traction.
- Starwood Hotels Remains Bullish On China
July 26 2012 4:50 PM
Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), which operates the Sheraton, Westin and W hotel brands, is moving ahead with its expansion in China, even as the world's second-largest economy suffers a recent slowdown in growth.
- U.S. Mortgage Rates Keep Falling -- And That's Bad News For The Economy
July 26 2012 12:05 PM
The 30-year U.S. mortgage rate fell to new record low of 3.49 percent in the week ending Thursday, an unprecedented 1.06 percent below last year's value of 4.55 percent, according to mortgage financier Freddie Mac, with the drop reflecting growing concern over the economy.
- Local Governments Seek Eminent Domain To Solve Mortgage Crisis, But Legality Is Contested
July 26 2012 5:49 AM
Some of local governments are turning to a new tool to fix the problem, known as underwater mortgages: seizing the loans through eminent domain and enacting principal reductions, a move that is attracting praise and controversy.
- New York University's Expansion Plan Approved By City Council, Ending 5-Year Fight
July 25 2012 6:58 PM
New York University's proposal to add four new buildings to Greenwich Village was approved Wednesday by the New York City Council, capping a fierce five-year battle that pitted one of the country's largest colleges against local residents and preservationists.
- The U.S. Housing Recovery Is Here: Goldman Sachs
July 24 2012 6:39 AM
The U.S. housing recovery is here, with an uptick in prices, government support and a decrease in unsold off-market homes, known as shadow inventory, according to analysts from Goldman Sachs Group Inc. (NYSE: GS), the fifth-largest U.S. bank by assets.
- FHFA Explores Fannie Mae, Freddie Mac Receivership Plan
July 23 2012 5:27 PM
The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.
- US Commercial Real Estate Is 'Solid And Healthy': Barry Sternlicht
July 20 2012 8:42 PM
Barry Sternlicht, the chairman and CEO of Starwood Capital Group LLC and the architect of hotel brands including the W, believes the U.S. commercial real-estate market has rebounded as investors seek assets that generate returns.
- US Existing Home Sales Fall In June: 4 Important Trends
July 19 2012 5:36 PM
U.S. existing home sales unexpectedly fell in June, according to the National Association of Realtors, raising fresh doubts about the housing recovery. Here are five important trends taken from the numbers.
- The Best Cities In America For Your Social Life
July 19 2012 3:15 PM
Do you prefer rooftop terraces to big backyards, an evening at the theater to a night on the couch, or coffee at a café instead of a cup of tea at home alone? If so, you may want to check out one of the cities on Coldwell Banker’s new survey of America’s top 10 markets for “social seekers.”