Corporate Office Properties Trust’s earnings rise in 2Q
Corporate Office Properties Trust saw its earnings spike nearly 30 percent in the second quarter, despite the battering developers have taken in the past three months due to soaring vacancy rates and looming debt. (OFC)
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Recession helps wine school lure aspiring vintners
Soured on the real estate market, Columbia broker Bob Walters has found what he hopes is a more fruitful pursuit: growing grapes for wine.
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Middle Tenn. Medical Center looking for new uses
Citizens and officials will discuss how the Middle Tennessee Medical Center’s campus can be reused at public meeting in August.
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Economic Update – Home Price Uptick? Sort Of
On the heels of news Monday that new home sales were up a little, homeprices inched up as well–at least, those measured by the Standard& Poor’s/Case-Shiller Home Price Index in its raw form. In May, theindex, which measures prices in 20 metropolitan areas, rose 0.5 percentover April, following a 0.6 percent drop the month from March to April.The movement is notable as the first time the index has moved up inthree years.
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Office Vacancies Reach Highest Point in Four Years
U.S. office vacancy rates have reached their highest point in fouryears, and rents are falling as a result, according to a report fromCushman & Wakefield Inc. Vacancies reached 13.7 percent at midyear,matching second-quarter 2005 figures, though they still trailed thedecade high of 15.5 percent, reached in the second and third quartersof 2003.
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Helps On The Way To Understanding Your Mortgage
The Federal Reserve on Thursday approved proposals designed to make it easier for Americans with mortgages, or shopping for them, to better understand how the loans work.The action comes after lax lending and, in some cases, borrowers who didn’t fully understand the terms of their home loans, ended up buying houses that they couldn’t afford. [...]
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City approves Rivianna plan
The Milwaukee Common Council passed a resolution Tuesday approving the $80 million Rivianna mixed-used development on the shores of the Milwaukee River in the city’s 5th Ward.
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MBA: Fewer loans, refinancings as rates rise
Rising mortgage rates led to fewer loan applications for the week ended July 24, according to data from the Mortgage Bankers Association.
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Quantifying the Benefits of Green Buildings
On a national level, tenants are springing for sustainable and energy-efficient buildings, according to recent studies that have revealed higher-than-normal occupancy levels and rental rates at those properties. But on an individual property level, how…
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First Potomac reports lower funds from operations
An increase in its reserves for bad debt hurt First Potomac Realty Trust’s second quarter results, and the company lowered its funds from operations guidance range for the year. (FPO)
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