Real Estate

United States

Cash Rich U.S. REITs Are Now Buying Foreign Property Because They Can't Find Any Good Deals

There's been an interesting turn of events in the U.S. real estate investment trust (REIT) industry.

Hyatt Expands Presence in Mountain West with Hyatt Escala Lodge at Park City

CHICAGO, Nov 09, 2010 (BUSINESS WIRE) -- Hyatt Hotels & Resorts announced today its plans to introduce Hyatt Escala Lodge at Park City in late November 2010. The ski-in, ski-out condominium hotel property is located at the base of the Sunrise Chairlift in the Canyons Resort in Park City, Utah -- the largest ski and snowboard area in Utah with 4,000 skiable acres. Hyatt Escala Lodge will also be an ideal base for exploring Park City and enjoying its many outdoor summer activities such as golf, fly fishing, and mountain biking.

Paying property taxes online? You’ll pay for the convenience

PORTLAND, Ore. - When Don Thompson logged on to pay his Multnomah County property taxes he couldn’t believe his eyes. It wasn’t over the taxes due but the fee to pay his taxes online.

Commercial Property In Emerging Countries Will Continue To Outperform

Recovery in emerging markets will outpace established economies, reflecting the marked divide in global commercial property. Developed economies in the US and Western Europe continue to be weighed down by debt, while prospects are better for Latin America and much of Asia, where real estate price growth has been undaunted by market cooling measures. See the following article from Property Wire for more on this.

US property giant Boston Properties to target London

Graham Ruddick The Telegraph 30.10.2010
Vanguard Launches International Real Estate ETF (VNQI)

Vanguard continued its blitz of new ETF products this week, rolling out an international counterpart to its ultra-popular real estate ETF (VNQ). The Vanguard Global ex-U.S. Real Estate Index Fund began trading on Monday; the new fund is available in four different share classes, including ETF shares (VNQI). The fund will seek to replicate the S&P Global ex-U.S. Property Index, a benchmark that includes real estate investment trusts (REITs) and real estate operating companies (REOCs) in emerging and developed markets outside the U.S.

US property giant Boston Properties to target London

Boston Properties, the largest office Real Estate Investment Trust in the US, is considering deals in London as part of a desire to diversify its portfolio outside its domestic market and drive long-term growth.

Renters again face the impact of foreclosure mess

Bruce Kennedy Daily Finance 30.10.2010

Bedbugs suck their way into real estate contracts

Surojit Chatterjee International Business Times 22.10.2010
Renters again face the impact of foreclosure mess

It's one of those stories that sounds appalling, that you might hope the media is playing up just for its shock value: responsible and conscientious tenants who suddenly find themselves evicted and out of a home — because the property they are renting is under foreclosure.

Bedbugs suck their way into real estate contracts

Bedbugs have grown to become such a menace in New York City that now most co-op and condominium contracts have a disclosure clause about them.

Filene’s site has buyers lining up

Casey Ross Boston 19.10.2010
Filene’s site has buyers lining up

More than a half-dozen developers, including some of the biggest names in the region, are vying to buy the Filene’s building site in Downtown Crossing, an eyesore that has become one of the hottest properties on the Boston market.

So you bought a foreclosed home. Now what?

It seemed too good to be true: You bought a house in foreclosure at a fraction of the former price. Maybe you even knocked out a wall or two and remodeled with all the money you saved.

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