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Insurers eye price increases as hurricane season looms

Myles Neligan and Rachel Chitra Reuters 28.05.2011
US Residential Property Prices Decline

Residential property values in the US declined by 4.2 per cent during the first three months of the year, following a 3.6 per cent drop at the end of 2010. This is according to data released by Standard and Poor's for its S and P/Case-Shiller 1 Home Price Indices.

Insurers eye price increases as hurricane season looms

(Reuters) - Property and casualty insurers craving respite from a long-running drop in prices are eyeing the start of the U.S. hurricane season next week in the hope that summer windstorms will finally turn the market.

Many buildings hit hard by real estate crash, but a green project thrives

The Bronx is ground zero for tenements and tenants hammered by the real estate crash and predatory investors, according to a new report.

American Real Estate Snags Four Office Properties

HERNDON, VA- American Real Estate Partners is under contract to buy two office assets in the District’s CBD, CEO Douglas Fleit tells GlobeSt.com, but further details are still come, he promises. Meanwhile, the company is also acquiring two office buildings in Richmond and Basking Ridge, NJ, both of which are new to the company.

B'klyn home run

New York Post 16.04.2011

City to utilize new blight law

MIA LIGHT Standard Speaker 14.04.2011
B'klyn home run

Home prices are popping in Brooklyn, with average prices up 7 percent over the last year, new market data show. The average home price in the borough jumped to $569,799 in the first three months of 2011, up from $532,061 during the same period of 2010.

City to utilize new blight law

Hazleton officials are paving the way to use a new state-approved strong arm against owners of blighted properties.

Watchdog to hear retail property cases

Business Reporter 31.03.2011
Watchdog to hear retail property cases

The Competition Tribunal will on Wednesday hear the cases of two related mergers in the retail property market.

LaSalle Hotel Properties Acquire Viceroy Santa Monica

LaSalle Hotel Properties announced that it has acquired a leasehold interest in Viceroy Santa Monica for $80.1 million. In real estate terms, a leasehold interest gives the tenant a limited interest in the property to inhabit for the term of the lease – in this case to operate a hotel.

Higher Property Taxes, Teacher Cuts and Blame

The New York Times 13.03.2011
Higher Property Taxes, Teacher Cuts and Blame

There will be blood. It’s undeniable, especially when the governor goes out of his way to say that he doesn’t have any on his hands.

Unfinished Property Should Not Be Bought Sight Unseen

New construction and consumer confidence are picking up again, as people are increasingly buying property without even seeing a model. NY1's Real Estate reporter Jill Urban filed the following report.


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