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Updated: 9 years 1 week ago

Robust Commercial Demand Continues in Bangalore, Corporate Tenants Leasing Large Blocks of Space

Tue, 07/26/2011 - 15:02
According to global real estate firm Jones Lang LaSalle, demand continued to be robust in Bangalore with corporate tenants expanding and leasing large blocks of spaces. Rents continued to increase in 2Q11 due to the growing demand ... David Barley

New Home Sales in U.S. Dip 1% in June

Tue, 07/26/2011 - 14:37
According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in June 2011 were at a seasonally adjusted annual rate of 312,000. David Barley

Luxury Tribeca Loft Sells for $2,996 a Square Foot, Highest Price in Years

Tue, 07/26/2011 - 14:17
(NEW YORK, NY) -- Platinum Properties, a Wall Street-based luxury real estate firm recently announced that they have closed an $11.5 million sale of a 3,838 square foot home at The River Lofts, 92 Laight Street, 12BD. The three-bedroom, four-and-a-half-bathroom... Michael Gerrity

Global Hotel Performance in June Up in Most Markets, Says STR Report

Tue, 07/26/2011 - 13:40
According to STR and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for June 2011. The Americas region ended June with a 4.0-percent increase in occupancy to 67.4 percent, ... Michael Gerrity

U.S. Home Prices Upticked Again in May, Second Consecutive Month

Tue, 07/26/2011 - 13:21
According to the S&P/Case-Shiller Home Price Indices, there was a second consecutive month of increase in home prices for the 10- and 20-City Composites. The 10- and 20-City Composites were up 1.1% and 1.0%, respectively, in May over April. Michael Gerrity

Ozzy and Sharon Osbourne Put Their Estate Home on the Market

Mon, 07/25/2011 - 16:41
(LOS ANGELES, CA) -- Sharon and Ozzy Osbourne have listed their Hidden Hills estate for sale at $12,999,000.The 2.5-acre promontory sits off a cul-de-sac in the gated community. The Cape Cod-inspired mansion, built in 2001 and featured in the June... Lauren Beale

U.S. Hotel Sector Posts Performance Gains in Mid-July

Mon, 07/25/2011 - 15:09
According to STR, the U.S. hotel industry experienced increases in all three key performance metrics during the week ending July 6, 2011. In year-over-year comparisons for the week, occupancy rose 1.8 percent to 72.2 percent, ... David Barley

Toscana Resort Castelfalfi Comes Back to Life

Mon, 07/25/2011 - 14:55
(CASTELFALFI, ITALY) -- One of Tuscany's most spectacular construction and renovation projects is underway here in this Tuscan region thanks to international leisure travel groups TUI. Scott Kauffman

Heitman Buys Moscow Office Building

Fri, 07/22/2011 - 15:51
Heitman just announced this week the acquisition of Office Building 2 of Metropolis, a Class A office building in Moscow, Russia. The building, part of the Metropolis Complex, which contains three office buildings and one of the most successful retail and shopping centers in Moscow, is the first acquisition on behalf of Heitman Property Partners IV in Russia. David Barley

Argentina to Uruguay, Comfortable and Cost-efficient

Fri, 07/22/2011 - 15:15
Our next destination was Uruguay, with a transit through Buenos Aires. We wanted to spend more time in Argentina, but had to keep moving to stay on schedule. There was so much more to see and do in this beautiful country, and we will return to experience more of it in the future. Mike Cooney

Mumbai Office Market Shows Improvement in 2011, Despite Negative Headwinds

Fri, 07/22/2011 - 14:57
According to Ramesh Nair, Managing Director of Jones Lang LaSalle India, the office market in Mumbai has displayed resilience in the recent past. Despite negative press, high interest and inflation rates, David Barley

Tahoe's Martis Camp Opens Camp Lodge

Fri, 07/22/2011 - 14:00
(TRUCKEE, CALIFORNIA) -- Martis Camp, located on 2,177-acres of North Lake Tahoe forestland, has emerged over the last several years as one of the most successful private club communities in the country. Scott Kauffman

Q & A with Dottie Herman

Fri, 07/22/2011 - 13:15
Dottie Herman Q1 - Someone told me a great strategy is to overprice your listing, and then someone will make you a low offer, and they will feel that they are getting a great deal, and you end up with... Dottie Herman

Six Luxury Boscolo Hotels Coming to Italy, Czech Republic and Hungary

Fri, 07/22/2011 - 13:00
Boscolo Palace Roma (Rome, Italy) Autograph Collection, Marriott International's fastest growing brand, recently announced that six luxury Boscolo Hotels in Europe will join the collection.Last year, Marriott International launched Autograph Collection, a group of exceptional independent luxury hotels, each hand-selected... Michael Gerrity

Miami Condo Boom 2.0 Has Begun, International Buyers Providing The Spark

Fri, 07/22/2011 - 12:00
Because Miami's prior decade of excessive condo building was something akin to a multi-year sporting event watched and followed by millions around the world, today's condo environment can now be summed up in three words: "Game On, Again!" Michael Gerrity

Katy Perry, Russell Brand Buy Sunset Strip Estate

Thu, 07/21/2011 - 17:15
(LOS ANGELES, CA) -- Singer Katy Perry and comic actor Russell Brand have bought a Sunset Strip-area compound from former National Lampoon Chief Executive Daniel Laikin for $6.5 million, the Multiple Listing Service shows. Perry and Brand are in the... Lauren Beale

The Hamptons Home Sales Activity Surges 63% Quarter-over Quarter in Q2, Says Prudential Douglas Elliman

Thu, 07/21/2011 - 17:00
According to a new report by Manhattan-based Prudential Douglas Elliman, the Hamptons and North Fork residential housing markets showed improving market conditions in the second quarter of 2011. Michael Gerrity

FHFA Says U.S. House Price Index Rises 0.4% in May; Second Consecutive Monthly Increase

Thu, 07/21/2011 - 16:18
According to the Federal Housing Finance Agency's (FHFA) monthly House Price Index, U.S. house prices rose 0.4 percent on a seasonally adjusted basis from April 2011 to May 2011.The previously reported 0.8 percent increase in April was revised to a... David Barley

Greater Ft. Lauderdale Area Median Home Prices Rise 26% Year-over-Year in June

Thu, 07/21/2011 - 16:14
According to the Miami Association of Realtors' Multiple Listing Service (MLS), Broward County condominium sales increased seven percent from 1,416 in June 2010 to 1,511 in June of this year. Single-family home sales increased by six percent in June, from 1,205 to 1,274. Michael Gerrity

Upscale Hotel Construction Dominates Global Development Pipeline in June

Thu, 07/21/2011 - 15:43
According to the June 2011 STR Global Construction Pipeline Report, the Asia/Pacific hotel development pipeline comprises 1,240 hotels totaling 307,346 rooms. Among the Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms ... David Barley

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