After trailing for much of the year, Cambridge Realty Capital Companies reports loan origination requests processed by the company spiked sharply higher in September, with 33 requests totaling $493.1 million.
This total compares with 25 origination requests totaling $321.5 million for the same month a year earlier, Cambridge Chairman Jeffrey A. Davis said.
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Well – seeing as the American Government Inc now seems to – directly or indirectly – hold all the mortgages on all the residential property in the U.S, a new panel and conference has been instigated to discuss the future of housing finance.
Well the laughs continue in the US real estate market – one of the major instigators of the financial crisis – the US Department of Housing and Urban Development (HUD) is charging a bunch of local realtors and property owners with “housing discrimination” in Chicago. Apparently some one refused to sell (as if) a house to a black couple. Not seeing it myself as the home was on the market for at least two years and you have to think they were getting pretty desperate considering the amount of investment property for sale in Chicago. Still – you never know in the US real estate market - In any case – this is the official HUD press release.
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I am actually laughing out loud at the latest press release from Fannie Mae. According to the release – And I assume they think we have all forgotten the disaster they created by lending money to anyone with a pulse – yes – the SUBPRIME CRISIS!!! – Fannie Mae wants to Help Educate Homeowners and Potential Home Buyers”
Voit Real Estate Services’ San Diego office is reporting an increase in leasing and sales activity across all commercial property types, having completed more than 30 transactions encompassing upwards of 240,000 square-feet for the month of February alone. “Buyers, sellers, landlords and tenants are all gaining confidence that there are good deals to be made right now,” says Chris Wood, Managing Director of Voit Real Estate Services’ San Diego region. “Our team is actively pursuing opportunities for our clients, often representing both sides of transactions. We are seeing the result of rising confidence in the economy and that it is fueling activity for industrial, office and even retail properties.”
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Essex Property Trust, Inc. (NYSE: ESS), a fully integrated Real Estate Investment Trust (REIT) that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company has entered into a venture to acquire Essex Skyline at MacArthur Place, a 349-unit high rise condominium project in Santa Ana, California for $128 million.
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Notice to the holders of the U.S.$3,520,000,000 Trust Certificates due 2009 (the “Certificates”) of Nakheel Development Limited ISIN XS0277553052
Unless otherwise defined in this Notice, terms shall have the meaning ascribed to them in the Declaration of Trust dated 14 December 2006 between Nakheel Development Limited (in its capacity as Issuer and Trustee) and Nakheel Holdings-1 LLC, Nakheel Holdings-2 LLC and Nakheel Holdings-3 LLC.
