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.
Let the Home Savings Flow Homeowners looking to go 'green' may think that means installing pricey solar panels or wind turbines. But new, efficient showers, faucets and toilets can save thousands of gallons of water a year -- and the cost savings add up. Amy Hoak reports. Publ.Date : Fri, 05 Feb 2010 18:56:46 GMT
Gay Retirement Community Stalled Fountaingrove Lodge was supposed to be a haven for gay retirees. But now in the face of local opposition to the project, plans for the upscale Santa Rosa retirement community are on hold. Nick Burns reports. Publ.Date : Thu, 28 Jan 2010 01:33:34 GMT
Business Booming for Israeli Real Estate Agents Israeli real estate agents say prices have climbed more than 30%, even as the U.S. and European housing market suffer. WSJ's Martin Himel reports. Publ.Date : Fri, 12 Feb 2010 22:00:58 GMT
News Hub: Mixed Results from Housing Index There are early signs that the housing market has stabilized. The big question for 2010 is how housing will react after the government begins to move its support away, Nick Timiraos reports. Publ.Date : Tue, 23 Feb 2010 17:58:14 GMT
News Hub: Who Controls Stuy Town? When complex deals like the one for Stuyvesant Town fall apart, who is in control? The News Hub panel discusses what they call "the $4 billion question." Publ.Date : Tue, 26 Jan 2010 14:29:39 GMT
Push Begins for 2nd Stop on No. 7 Subway Extension Fresh off a victorious effort to persuade the federal government to move the Khalid Shaikh Mohammed trial from New York City, the Real Estate Board of New York has turned its attention to the missing link in the No. 7 line.