Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®. In the third quarter, 28 out of 152 metropolitan statistical areas(1) showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros...
California luxury home prices declined in the third quarter of 2008 from a year ago and from the second quarter of 2008, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private business banking and wealth management services. In the quarter ended Sept. 30, 2008, the Index indicated the following: – Los Angeles area values fell 1.9% from the second quarter of 2008 and 4.2%...
Jacobs Engineering Group Inc. announced that it will host a live Internet broadcast of its presentation to financial analysts in New York City on Tuesday, November 25, 2008. The presentation will focus on results for Fiscal Year 2008 and the outlook for Fiscal Year 2009. Interested parties can view slides and listen to the presentation, which begins at 8:00 a.m. Eastern Time, by logging onto the Internet at http://www.jacobs.com. An archived version...
RREEF Real Estate and Kennedy Wilson today announced that 901 Fifth Avenue in Seattle, WA, a 41-story 558,607 sq. ft office tower has achieved LEED-EB™ (existing building) Silver certification. The certification marks the completion of one of the largest environmental retrofits in the industry for an existing property and Seattle’s first full city block targeting LEED certification. The new ownership and management of Seattle’s 901 Fifth Avenue...
New international standards are being set by Gale International in sustainable building design, systems engineering, and urban infrastructure and planning with Songdo International Business District (IBD), a new city currently under construction off Incheon, South Korea, on the Yellow Sea. Songdo IBD is a joint venture between Gale International and Posco Engineering & Construction and is the largest private development in the world. Songdo IBD,...
The Federal Home Loan Bank of New York announced that Jay M. Ford, Thomas M. O’Brien, and George Strayton were each reelected by the Bank’s members to serve as Member Directors on the Board of Directors of the Bank commencing on January 1, 2009. The terms of Mr. Ford and Mr. O’Brien will each be for four years; Mr. Strayton’s term will be for three years. (All of the Reelected Directors currently serve on the Board; their current...
Neff Corp. (“Neff”) announced today that it is offering each of the holders of its 10% senior notes due 2015 (the “Senior Notes”) an opportunity to become a lender (a “Term Lender”) of term loans (the “Term Loans”) under its senior secured first lien credit agreement (the “Credit Agreement”) in the amounts described below in consideration for properly tendered and accepted outstanding Senior Notes and consents for amendments to...
TIAA-CREF Global Real Estate announced today that One Boston Place in Boston is the first building to earn the Leadership in Energy and Environmental Design (LEED) Gold designation from the United States Green Building Council (USGBC) for Existing Buildings: Operations & Maintenance. LEED for Existing Buildings: Operations & Maintenance is a rating system that recognizes buildings with maximum operational efficiency and minimal environmental...
Color has always played an important role in interior design, from the earth-toned halls of ancient Cretan palaces to the bright surfaces of modern homes. Yet most people are largely unaware of the way in which color affects their surroundings. In this comprehensive introduction, readers discover the impact that color has on the way they see see
New York City has always been home to the chic and urbane a place where Andy Warhol entertained in his French Empire salon and where Babe Paley served martinis and cigarettes in her taxicab-yellow living room. Who made this city the center of cosmopolitan interior design as we know it today? The answer is found in in