Developer Implode
Welcome to Developer Implode
We all know the world business climate is faced with challenging economic times today and the experts all warn of more to come. The daily headlines are filled with bailout news for the bankers, insurance companies, auto industry and homeowners faced with foreclosure. The oil sheiks, Wall Street investment bankers and real estate makers are all facing a tough road ahead to climb back up to the multi-billion dollar profits they made in previous years.
While the economy was great, there were plenty of real estate developers - many were able to print money, with no shortage of eager buyers. Now, many of those same eager buyers are bailing on pre-construction deals they made during those silly times. Sophisticated sales launches for new condominium and high-rise projects are now being reinvented with new incentive gimmicks and auctions, to reduce existing housing inventories.
The mission for Developer Implode is to help us keep track of the various real estate projects in our communities. We hope to keep our readers informed on all those large holes in the ground, hiding behind the construction fencing hung with the beautiful renderings of what is to come.
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Time To Sue Marriott |
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MGM CityCenter On Track To Open This Year |
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Phoenix-Scottsdale-Paradise Valley Hotels |
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Rancho Palos Verdes gives luxury resort an $8-million bailout |
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Sad Sight in Tiger Town |
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Developer Drops Gehry’s Design for Brooklyn Arena |
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Virtual World - Virtual Real Estate Developers - Virtual Contracts - Virtual Lawsuits |
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Corrie Driebusch on Lunch Break shows off the four properties vying to be WSJ's House of the Week, including "Mid-Century" Modern Loft in Manhattan, a Caribbean Getaway in St. Lucia, a Kid Friendly Loft In Manhattan and a California Mountain Retreat.
President Barack Obama announced a fresh bid Wednesday to revive the housing market by letting millions of homeowners refinance their mortgages, Laura Meckler reports on the News Hub. Photo: AP.
Architect David Solner bought a small home on a wooded lot in the mid-1990's with plans to build a dream home. But it took a tornado in 2008 to spur him to begin building. He used wood from the downed trees and other recycled materials throughout the contemporary, 4200 sq. ft. house.
A 9,000-square-foot home beachfront home on Kauai has gone on the market for $24 million. The seller is Bill Jurika, a San Francisco-based private investment banker. Lauren Schuker has details on The News Hub.
Each week, readers vote on their favorite of the homes featured as the House of the Day. Tour January's winners, from a French chateau style mansion north of Fort Worth, Texas, to a 18th century estate with a swimming pool and beach access on Martha's Vineyard.