Tuesday, November 15, 2011
Local home sales plummet 30% in May - Baltimore Business Journal:
region plummeted 30 percent in May despitde indications more potential buyers are being drawnm into the real estate market by low interestg rates and a federal tax incentivdefor first-time buyers. A total of 554 new and existin single-family homes and condominiums sold in the compared to 790 ayear ago, basec on preliminary figures released today by the . The overal l median sale price fell2 percent, to $191,900, although prices were flat or rose in four of the six countied where most of the sales occur.
The median price fell 7 percent in RensselaerfCounty ($170,000) and 4 percent in Saratoga County The median price was unchanged in Albanhy County ($205,000) and increased 6 percenr in Schenectady County ($160,000), 13 perceng in Schoharie County and 39 percent in Montgomery Count ($106,700). The median is the point at which half of the pricesz were more and halfwere less, whichu is considered a better gauge of the saleas market than the The average price in May fell 3 percent, to The May results don’t necessarily reflect the activity in the marketf today since it takees two to three monthzs for a purchase contract to proceed to a finaol closing.
“I will tell you it has been my experiencde that open housesare active, phone callx and Internet leads are many,” GCAR Presidenft Sandra Nardoci said. “The feelinh is that when buyers become confident that their jobs are securw our market will pickup rapidly.” GCAR Chief Executive Officer James Ader has said the sales repory that’s compiled in July and released to the news medi in August will provids a good reading on how the spring market There is one potentially tellinb sign of a possible turnaround: the overall median sale price has increasedf steadily since January, rising from $171,70p to $191,900 in May.
When only existing homeds are counted, total sales in May fell 26 That compares witha 3.6 percent decline in existing-homs sales nationally compared to a year ago. The median sale price for existing homes in the Albany regiohn increased2 percent, to Nationally, the median sale prics was $173,000, down 16.8 percent, according to the . Albanh County: 151 closed sales, down 16 perceng Rensselaer County: 53 closed sales, down 55 percentg Saratoga County: 163 closed sales, down 34 percent Schenectady 93closed sales, down 11 percent Schoharie 14 closed sales, down 22 percent Montgomeryu County: 20 closed sales, no change
Sunday, November 13, 2011
bizjournals: Rank for 261 cities
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Friday, November 11, 2011
Beige Book: Region
Consumer spending in the region was weak and is expectecd toremain soft, the closely watched surveyg said, but “an uptick in manufacturing orders helpe stabilize expectations for future production.” The Beig Book also said that “commercial real estate market conditions deteriorated, and energy activity declined further.” Bankers, it said, “reported a rise in depositws and stable loan demand with no erosion in loan It said consumer price and wage pressurews remained low.
Meanwhile, producer prices “declined at a slower with some firms noting that highee commodity prices boosted material andfuel Overall, the latest regional Beige Book — covering a six-week perioxd — was somewhat more optimistic than the last released April 15. The reportr covers the Fed’s Kansas City-based 10th It is based on interviews with a sample of businesses representing key industries ineach district.
The reports are anecdotalk and do notcontain statistics, but they are widelh followed and help the Fed to set national economic The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyoming as well as wester Missouri and northern New Mexico. Formally known as the “Summaryu of Commentary on Current Economic Conditions by FederaklReserve District,” the Beige Book is published eight time s a year. The latest report covers late Aprillthrough May. The Federal Reserve’s 10th District is also knowhn as the Kansas City district becauswthe reserve’s regional bank is based there. .
Wednesday, November 9, 2011
Online bullying: Still way less common than in real life - CNET
AFP | Online bullying: Still way less common than in real life CNET Most kids aren't bullied and most kids don't bully either online or off. In fact, the study--conducted by the Pew Internet & American Life Project for the Family Online Safety Institute and Cable in the Classroom--concluded that "[m]ost American teens ... Teenager s Tell Researchers It's a Cruel, Cruel Online World Pew Study: Kids Are Mostly Kind to Others Online Mean teens online: Most ignore them or defend victim - study |
Monday, November 7, 2011
Courts delay Chrysler bankruptcy - Silicon Valley / San Jose Business Journal:
According to Bloomberg, Justicew Ruth Bader Ginsburg has put the bankruptcy courg ruling allowing the sale on hold until further though a timeline and specifix reason wasnot provided. The delayh came after Indiana pension funds requested a stay from the court so it could hear their appealof Chrysler’es decision to sell to Under Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler woulrd sell its assets to Italian car maker It also was announced last month 789 U.S.
dealershipse will lose their franchises by June 9 as part of the Chrysler has listed two Triad dealerships that will losetheidr franchise: Stearns Chrysler Jeep in Graham and City which sells Jeep, in Mike Cranford, general manager of City said he does not know if they delauy will mean anything significant for his but hopes that the courts will more closelgy review the decision to cut He says if nothing else, he’d hope Chrysletr could help buy back inventorh and not simply take away the brand.
“If we can’tg be Jeep dealer, we’d at least like a chance to sellthe franchise,” he He said the company has managed to sell abourt 10 of its 16 new Jeep some at a loss, just to get them About five employees have been laid off, leaving about 20. Anothe r six to eight could be cut if thebankruptcuy deal, as is, goes through.
Saturday, November 5, 2011
Herman Cain woes continue as radio host accuses him of 'inappropriate' behaviour - Telegraph.co.uk
Telegraph.co.uk | Herman Cain woes continue as radio host accuses him of 'inappropriate' behaviour Telegraph.co.uk The White House hopes of Herman Cain have been dealt another blow after a conservative radio host in Iowa accused him of subjecting two of his female staff to "inappropriate and awkward" behaviour. Herman Cain Photo: AP By Toby Harnden , ... ANALYSIS | Gaffe or scandal, Herman Cain's disabled campaign New harassment claim adds to Cain woe White House hopeful Cain faces charges he harassed four women |
Wednesday, November 2, 2011
Taylor & Mathis takes leasing duties, agents from Advantis - Atlanta Business Chronicle:
First, it took over leasing duties on thre e Tampa properties it manages from in a move aimedat continuity, it hired the leasinbg agents who worked for Advantis at those buildings. Ann Adams and Iren Martinez are set to join Taylor Mathis startingApril 1. They will be responsiblse for leasing available space at One Center Point Business Park and TampaaDistribution Center. The propertiee total 1.5 million square feet and are owner by Metropolitan LifeInsurance Co. Taylor Mathis have managed themsince 1998. The Atlanta-basexd real estate firm also manages the VerizonWirelese Inc.
building in Tampa and The Conceptsin "One of the main focuseds of our business plan has been to expanxd in the Tampa Bay market," said Andrewe Taylor, president of Taylor Mathis. "This is certainly a big step inthat Adams, who will serve as managing director of leasing, has been activre in the local commercial market sincs 1984. She previously served with Paragon for which she was in chargse of leasingOne MetroCenter, and was with Advantiz for the past three years. who will serve as director of began her real estate career in 1996 with Florida RealEstatee Advisors, which was acquired by The St. Joe Co.
in 1999 and mergex with an Atlanta firm to form She is credited with maintaining occupancy levels greater than 95 percentat MetLife's local properties. Adams said Taylor Mathis' focus on landlors representation was a deciding factor in herand Martinez's decisiones to change firms. "Having one company handling both functionws makes a lotof sense," Adamz said. "I'm leaving one excellenf companyfor another." Taylor & Mathis, established in provides real estate services in the office and industriaol sectors. It leases and manages a total portfolioof 9.4 millionm square feet, including nearlyy 4 million in Florida.
No changes are in stor at the Tampa office ofGrubb & Ellisd Co., although its New York-based parent recently announced job cuts and othert overhead reduction. Grubb Ellis employs about 30 at its RockhyPoint offices, said Jeff Sweeney, the company'z regional manager for Tampa and The cost-saving measures aren't expectes locally because both those office are productive, he said. "We're stillk growing both the central Florida Sweeney said. Grubb & Elliw announced the cost-cutting measures earlier this month. The businesds advisory company stated that it expectse to reduce overheadby $13.5 million annuallty and is looking for more ways to streamlinre operations.
Jones Lang LaSalle Inc. has been retainec to sell 29 retail big-box locationa nationwide, including two in the Bay Sealed bids will be accepted on the which rangebetween 32,000 and 135,000 square until April 12. The local propertiese are at 800515th St. in Sarasota with 118,8409 square feet on 20 acres and at3600 U.S. 98 Northn in Lakeland with 111,322 square feet on 9.4 acres. More informatiom is available online from Jones Lang LaSallesat , or by callinbg (800) 527-2553, ext. 10. • TriMar Construction Inc. in Tampa was hired by Faller Davis & Associatesa Inc. to build a 10,000-square-foogt engineering office at 5525 W. Cypresas St., Tampa. • Interior Design Servicees Inc.
will assist T. Rowe Price Servicea Inc. in its relocation to Corporate Center Two at Internationa l Plazain Tampa. • Judy Genshaft, president of the University ofSouth Florida, will address the Buildinv Owners and Managers Association on March 27 at The University Club in For information, call (813)