Overlooked defects fuel small claims action

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With more than $20 billion in property under management on four continents, Hines has had both ups and downs as it has navigated the tricky cross-currents of the global economic downturn, recovery and who-knows-what’s-next.cialis CEO Jeff Hines discusses Hines’s moves.

Drawn to the large, private lots, the owners built this roughly 5,100-square-foot home on South Carolina’s Spring Island, which includes a nature preserve, restaurants, a golf course and equestrian facilities.side effect viagra side effect of viagra natural viagra alternative to viagra alternatives to viagra natural alternatives to viagra natural alternative to viagra herbal viagra erectile function

Annual awards recognize eco-minded designs

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Real Estate Tech Review: If This Then That

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Economists, builders and mortgage analysts are predicting the weakened U.S. economy will depress housing prices for years, restraining consumer spending, pushing more homeowners into foreclosure and clouding prospects for a sustained recovery.

Battered by the sovereign-debt crisis, European lenders are losing their taste for commercial-property loans, causing some investors to scramble for unusual alternatives.

Jittery investors, wary banks, the struggling economy and turbulent financial markets are stalling a two-year rebound in the U.S. commercial real-estate industry.

Shopping-center investor Phillips Edison thinks the time is right to shop for additional properties, and now it has added an institutional partner who agrees.

New construction starts in the multifamily sector, which had been rising since April, slid 12.9% in August, the Commerce Department said.

At the peak of the real-estate boom, Seattle developer Michael Mastro sat atop a growing real-estate portfolio. Today, with a bankruptcy court seeking to seize his assets, he has disappeared.

Book Review: ‘Same Place, More Space: 50 Projects to Maximize Every Room in the House’

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Recent storms have pushed a new wave of homeowners into the market for flood insurance. But they are finding they may need to supplement the policies.

U.S. home construction fell more than expected in August to the lowest level in three months, but newly issued permits rose 3.2% to the highest level since last December.

Building permits (charts) were issued in August
at a 3.2 percent higher rate than in July, but housing starts (chart) fell even further
than expected according to data released Tuesday by the U.S. Department of
Housing and Urban Development and the U.S. Census Bureau.

Starts of privately owned housing fell
5.0 percent below the July figure of 601,000 (revised from the original
estimate of 603,000) to a seasonally adjusted annual rate of 571,000.  The Census Bureau said this was the largest
drop since April.  According to Reuters,
economists they polled had forecast that starts would fall, but only to a
590,000 unit rate. The August rate is 5.8 percent below the rate of 606,000 one
year earlier and, according to Reuters, housing starts are now at less than one
third of their peak during the housing boom. 
The annual rate of single-family starts was down 1.4 percent from July
to 417,000.  The annual rate for buildings
with five or more units was 148,000.

Data on permits was more encouraging for prospects of future construction
activity.  Permits were issued at a
seasonally adjusted annual rate of 620,000 units during the month compared to an
upwardly revised number of 601,000 units in July.  The July number was originally pegged at 597,000
units.  The August figure was 7.8 percent
above the estimate of 575,000 units in August 2010.  This was especially good news as economists
had expected permits to fall to a 590,000 unit pace.  Single family authorizations constituted
413,000 of the permits, an increase of 2.5 percent from July.  Authorizations for buildings with five or
more units were at the rate of 178,000.

Housing completions (chart) were at a seasonally adjusted annual rate of 623,000,
2.7 percent below the revised July number of 640,000 and up from the rate of
607,000 one year earlier.

On a regional basis, single family starts were down in every region but the South
but multiple family starts kept overall numbers slightly positive in both the
West and Midwest.  The Northeast stood
out with its numbers.  Overall starts
were down 29.1 percent from July and single family starts were off 14.6
percent.

Permitting rose in every region but the South where a drop in multi-family
permits pulled the numbers into slightly negative territory.  Single family permits fell 10.8 percent since
July in the Northeast.

At the end of August there were 85,300 permits nationwide that had been
issued but where construction had not started, an increase of 6.4 percent since
July.  Multiple family permits represent
37,900 of the backlog and single family permits outstanding number 45,100

…(read more)