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New-home sales, construction lagging in Valley (East Valley Tribune)
New-home sales and construction permits plummeted more than 40 percent, while existing-home sales provided some encouraging news last month compared to July 2007.
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Equity Residential Gets $550M Loan (Commercial Property News)
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral.
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Bankruptcies to rise: Daiwa chief (The Japan Times)
The list of real estate companies filing for bankruptcy will grow this year as banks cut lending, said Takeo Higuchi, chairman of Daiwa House Industry Co., Japan's second-biggest home builder by market value. Developers and construction companies dominated the ranks of failures in July, accounting for one-third of 1,131 bankruptcies in the month, the largest number since April 2005. Read the ...
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Can this home be saved? (Pittsburgh Post-Gazette)
After 20 years of living in the Baldwin Township home where they raised three children and poured their life's savings, Randy and Cindy Balzer are on the verge of losing everything.
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Spanish Castle Resort still a go (The Wenatchee World)
ROCK ISLAND - No dirt has been turned for the construction of Spanish Castle Resort, on the Columbia River between Rock Island and Trinidad, but its developer says he's pushing ahead.
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Town center renovation ready to go (The Alaska Star)
Construction crews and supplies will soon arrive to remodel Valley River Center building A, or the Eagle River Town Center.
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More questions than answers at Disaster Recovery Forum held in C.C. (Charles City Press)
“We need to act now!” That was the point driven home by several participants at Wednesday’s Disaster Recovery Forum in Charles City, hosted by the Iowa Department of Economic Development (IDED). Held at the Knights of Columbus Hall, the event was intended to take advantage of the gathering of state and local officials from throughout Iowa attending the 2008 Downtown Summit in town.
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Spain May Suffer From ECB Loan Curbs as Economy Cools (Update1) (Bloomberg.com)
Aug. 28 (Bloomberg) -- Spain's economy, brought to the brink of a recession by surging global credit costs, may find money even harder to come by when the European Central Bank tightens its lending practices.
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Rentals OK'd for ailing Point housing project (The Salem News)
SALEM and mdash; A housing project that promised home ownership in the city's poorest neighborhood avoided possible collapse this week when a city board granted legal relief to the developer. The Zoning Board of Appeals voted unanimously to allow the Salem Harbor Community Development Corp., a nonprofit agency, to market the 15 residences as rental apartments, rather than sell them as ...
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Harrisburg sets housing record (The Argus Leader)
A housing construction slowdown that has plagued the nation and recently reached Sioux Falls seems to be bypassing Harrisburg. The city set a July record by issuing 16 building permits for single-family homes. That tops the previous July record of 15 permits set in 2006. "A few developments have slowed in filling up, but others have picked up," said Albert Schmidt, Harrisburg's planning and ...
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