To a crowd of over 1,000 people, Tiger Woods, Chairman of Tiger Woods Design, and Jim Anthony, Founder and CEO of The Cliffs Communities, today unveiled The Cliffs at High Carolina, featuring Tiger Woods Design’s first golf course in America. The debut of the course’s design, held on site at The Cliffs at High Carolina near Asheville, NC, followed a celebration of the inaugural release of homesites available for purchase within the community...
The Federal Housing Finance Agency (FHFA) announced that the “new” conforming loan limit for 2009 will remain at $417,000 for most areas in the U.S., unchanged since 2006. Loan limits for high-cost areas, including California, are capped at $625,500, down from the previous $729,750 limit. Loan limits for many areas of the state do not reach this lower threshold and are dramatically reduced from 2008. “Although price declines mean that the total...
Group 24, LLC, announced it has become a 50 percent partner with Turnberry, Ltd., one of the United States’ premier real estate companies, in the development of Turnberry Tower, a 40-story, luxury condominium project slated for San Francisco’s Rincon Hill neighborhood. Group 24’s major investment in the $300 million residential tower is the firm’s first project with Turnberry. “Turnberry has set the standard for upscale living in major cities...
New York-based hospitality and real estate company, the Impulsive Group, www.impulsivegroup.com, has announced plans to integrate its charter yacht business with the firm’s growing portfolio of luxury hotel properties. Since 2004, Impulsive Group has offered yachts for charter during the Mediterranean high season and the Caribbean winter months, but by 2009, the hotel group will formally assimilate the two businesses: vacation packages that...
Exclusive Haig Point Island estate home located on Daufuskie Island, South Carolina, will sell absolute at real estate auction to the highest bidder on Friday, October 24th. J.P. King Auction Company, the nation’s leading auction marketing firm specializing in luxury properties will manage the sale of the home. “The home is on premier waterfront and located just minutes from Hilton Head Island,” said Craig King, president & CEO of J.P....
The new edition of Brick Bulletin is out – and it features some astounding projects from around the world. Each story dramatically demonstrates the scope of brick and the qualities that have for so long made it a favourite among architects, developers and the public. Among the case studies, there is an eye-catching spatial housing complex in Tokyo, an Australian nursing complex clad in ‘timber’ planks, and a wine factory built by robot bricklayers....
In the UAE’s crowded real-estate market, VIP Waterfront is carving a niche for itself, selectively catering to an exclusive clientele that understands and appreciates royal standards of living. With a team of highly qualified, dedicated professionals experienced in the real-estate markets of Europe and USA, VIP Waterfront has now turned towards the UAE with a fresh perspective on indulgence, the property market, and some prime, luxury real estate...
American Realty Capital announced the appointment of Jesse Galloway as its Assistant General Counsel. Mr. Galloway will advise ARC’s senior management team on real estate related legal issues. He will work closely with the Company’s outside legal counsel in representing ARC in its commercial real estate and financial transactions, including legal activities related to American Realty Capital Trust, the non-traded, public REIT which ARC advises,...
Ramco-Gershenson Properties Trust announced today that it has contributed the Plaza at Delray shopping center in Delray Beach, Florida, to a joint venture with an investor advised by Heitman LLC. Permanent financing for the shopping center was secured by the joint venture in the amount of $48 million for five years at an interest rate of 6.0%. This is the ninth shopping center to be acquired by the joint venture adding to an impressive line-up of...
A 313,367-square-foot, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland, Calif., has been acquired for $39.9 million by Koll/PER, a limited liability company owned by The Koll Company, the Newport Beach, Calif.-based real estate acquisition, development and management firm, and the Public Employee Retirement System of Idaho (PERSI). Consisting of 17 single-story industrial, office...