Economy: Page 139
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Benton Harbor and St. Joseph reinventing themselves in Michigan
Set adrift on the shores of Lake Michigan when Whirpool left them behind, the cities are reshaping themselves as a recreation and conference destination.
By Ron Gallagher • June 26, 2012 -
Entertainment REIT in Trouble at School
Entertainment Properties Trust is learning a tough lesson from its ambitious investment in charter schools.
By Lindsey Smith • June 26, 2012 -
Prudential Mortgage Capital Closes its First CRE Loan in U.K.
Prudential is targeting at least $500 million of long-term, fixed-rate senior debt transactions in Europe, initially focusing on office, logistics, multifamily and retail properties in and around large population centers such as London, Paris and major German cities.
By Lindsey Smith • June 26, 2012 -
Chinese bank could back San Francisco naval bases redevelopment
There are reports that Lennar is talking with the China Development Bank about a $1.7 billion deal.
By Ron Gallagher • June 25, 2012 -
U.S. legislation would reduce subsidies for flood-insurance premiums
Federal flood insurance is essential for home and commercial construction in flood-prone areas.
By Ron Gallagher • June 25, 2012 -
National new-home sales pace in May is best in two years
Federal government data show the best rate since April 2010 and a 5.6% rise in the average price, too.
By Ron Gallagher • June 25, 2012 -
Bad news for home builders looms if Bush-era tax cuts expire at year-end
An analysis by the National Association of Home Builders sees bad things for its members if Congress and the president make no changes.
By Ron Gallagher • June 24, 2012 -
Once-struggling DeLuca is coming back as builder, renovator
The DeLuca building company in Pennsylvania is hard hit by the recession and the claims of creditors.
By Ron Gallagher • June 24, 2012 -
EuroVegas complex tempts Spain with money and jobs
The casino project from Sheldon Adelson and his Las Vegas Sands Corp. has Spaniards divided, despite potential benefits.
By Brian Warmoth • June 22, 2012 -
Housing on track to be a (small) addition to GDP growth again
Fannie Mae thinks housing sales may increase this year and add to GDP growth after several years of shrinking.
By Ron Gallagher • June 22, 2012 -
DOT awards $485 million in new 'TIGER' grants
The grants designed to encourage economic recovery through commercial construction will cover 47 projects in the latest round.
By Ron Gallagher • June 22, 2012 -
Indiana problem: Eroding gasoline-tax revenue means eroding streets
Local governments and state lawmakers see gasoline tax revenue falling and road projects taking the hit.
By Ron Gallagher • June 22, 2012 -
Highway work in more than half the states lags behind 2008 levels
An industry group's analysis says there's a good reason construction unemployment is above the national jobless rate.
By Ron Gallagher • June 22, 2012 -
Housing prices up 0.8% in April, latest figures show
The monthly federal House Price Index puts the change from March to April at 0.8% and at 3.0% from April 2011 to this year.
By Ron Gallagher • June 21, 2012 -
Rents climb in downturn New York, demand up
Like the rest of the country, New York City has weathered several recent years of economic turbulence.
By Ron Gallagher • June 21, 2012 -
Unwelcome conclusion: Home ownership irrelevant to cities' economic prosperity
It's not helpful for home builders and sellers, but ownership is no longer the economic Holy Grail that it was in the Industrial Age, though many still think that way.
By Ron Gallagher • June 21, 2012 -
Analysts find different futures for home prices
Fannie Mae's economic researchers see a housing price bottom next year, but Radar Logic's team sees a significant risk of continued declines through 2013 and beyond.
By Ron Gallagher • June 19, 2012 -
Foreclosures rise on Fannie and Freddie loans
Starts on foreclosures on the government-held home mortgages went up in the first quarter for the first time since the process was frozen in 2010.
By Ron Gallagher • June 18, 2012 -
Stated-income lending is back, but lender says it's only for select borrowers
Rancho Financial is going back into no-proof-of-income mortgages, but says high-net-worth bank statements from borrowers will prevent abuse.
By Ron Gallagher • June 18, 2012 -
NAHB/Wells Fargo: Builder confidence at highest in five years
It's only one point on a scale of 100, but the industry will take what upbeat news it can get.
By Ron Gallagher • June 18, 2012 -
Industrial building has momentum, but it's uneven across the country
Professionals heard numerous reports about U.S. markets and the nation as a whole during NAIOP's I.con: The Industrial Conference.
By Ron Gallagher • June 18, 2012 -
Construction employment declined in 30 states between May 2011 and 2012
More states lost construction jobs in May than at any point since June 2011.
By Ron Gallagher • June 15, 2012 -
Freddie Mac mortgage report shows rate-decline ending
The federal guarantee company's weekly survey of lending differs from private-sector Zillow's conclusions.
By Ron Gallagher • June 15, 2012 -
Marketing trailer and luxury homes: Separate and not equal
Anyone who's selling both trailers and luxury homes had better segregate the two in on line marketing.
By Ron Gallagher • June 15, 2012 -
Study concludes that housing is no more affordable than before the bust
An analysis combines prices and mortgage rates with stiffer credit terms to conclude that not much has changed in U.S. housing.
By Ron Gallagher • June 15, 2012
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