Real estate news and real estate widget
Wednesday, November 26, 2008 ( change date )
D.R. Horton reports Q4, year-end losses
Homebuilder D.R. Horton is reporting losses for the fourth quarter of 2008, and for the year ending Sept. 30, 2008, as the company grapples with a marketplace where foreclosures and lagging consumer confidence are slowing new home sales. (DHI)
bizjournals Wednesday, November 26, 2008Report shows California homes selling faster
The inventory of homes for sale in California dropped sharply in October as the pace of sales picked up, a report said Tuesday.
Biz Journals Wednesday, November 26, 2008Fed Aid Sets Off a Rush to Refinance
The Federal Reserve's attempt to stabilize the housing market set off a chain reaction that dropped rates and spurred a burst of refinancing activity by borrowers eager to lower mortgage costs.
Real Estate Journal Wednesday, November 26, 2008Apple REIT Acquires Hilton Garden Inn for $28M
Apple REIT Cos. acquired the Hilton Garden Inn in Lewisville, TX, for $28 million, or $169,700 per room, from Gateway Hospitality Group.
The six-story, 165-unit hotel at 785 State Highway 121 was built in 2006 on 8 acres. The 123,680-square-foot hospitality...
Costar Wednesday, November 26, 2008Windsong Apts. Sells for $13.1M
Western One acquired the Windsong Apartments in Dallas from developer Hall Financial Group for $13.1 million, or $49,600 per unit.
The 264-unit, 203,656-square-foot multifamily community at 17717 Vail St. was built in 1985 in the Quorum/Bent Tree...
Costar Wednesday, November 26, 2008Hampton Inn Buys Irving Hotel for $8M
Hampton Inn purchased the 80-room hotel at 4340 W. Airport Freeway in Irving, TX, from Patiala Properties LP, for $8 million, or $100,000 per room. The cap rate was reported at 8.5 percent, based on an average occupancy of 75 percent.
The four-story...
Costar Wednesday, November 26, 2008McMillan Place Apts. Changes Hands
TriPro Capital Inc. acquired the McMillan Place Apartments in Dallas from Sterling Pointe Development Associates LP. The sale price was not disclosed but the property was on the market for $18.6 million.
The 402-unit multifamily complex at 12610 Jupiter...
Costar Wednesday, November 26, 2008United Way: Houston nonprofit salaries up
Salaries at Houston nonprofit organizations increased by an average of 3.9 percent so far this year, according to the United Way of Greater Houston’s Wage and Benefit Survey.
Biz Journals Wednesday, November 26, 2008Architecture Institute: Billings hit low
The American Institute of Architects is reporting that the Architecture Billings Index, which is compiled from a monthly survey of architecture firms around the country, is at its lowest level since the survey began in 1995.
Biz Journals Wednesday, November 26, 2008Real estate magnate Talbott files for Chapter 11
Two real estate companies owned by Boca Raton developer Gregory K. Talbott filed for Chapter 11 protection on Nov. 26 in West Palm Beach to stop their foreclosure sales, set for next Monday.
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