Engel & Vôlkers North Mallorca and Menorca, Spain opens their first real estate office in Punta del Este, Uruguay. In this major strategic move, E&V are expressing their confidence in the international real estate market which continues to recover from economic downturn, with an increasing number of people seeking their place in the sun. Since the early 1960’s, Punta del Este has made its mark on the international “jet set”...
Mexico-based sales and marketing company Mexico Alive, in conjunction with Condo Hotel GBP and the popular hotel operator Grand Bahia Principe announced plans to develop the Sian Ka’an Golf Resort & Spa in the Mayan Riviera. The new luxury development will follow the condo-hotel model that has been gaining in popularity in Mexico tourism regions and will soon be selling with pre-construction pricing. Residents of the 300-unit Sian Ka’an Golf...
Desarrolladora Homex, S.A.B. de C.V. announced its guidance for 2009. The Company expects to perform favorably in the year ahead with revenue growth in the range of 8 to 10 percent and EBITDA(1) margin in the range of 23.0 percent to 24.0 percent bolstered by continuing demand for affordable entry-level homes and the favorable mortgage conditions to finance them under federal housing programs. During 2009, Homex expects challenging macroeconomic conditions...
AmREIT a Houston-based real estate company that has elected to be taxed as a real estate investment trust, today announced that its Board of Trust Managers has approved the privatization of the Company through withdrawal of its Class A common shares from listing on the NYSE Euronext Exchange (“NYX”, formerly the American Stock Exchange). The company has filed with the NYX its notice of withdrawal of listing of its shares and intends to file with...
American Community Properties Trust announced today that it has reached agreement on a third amendment to the Company’s sales agreement with Lennar Corp., and has sold its interest in a joint venture to the homebuilding company. The Company also announced that its Board of Trustees authorized a cash dividend of $0.10 per share on common shares outstanding. The dividend will be payable on December 29, 2008 to shareholders of record on December...
Residents of 27,000 apartments in Aimco housing complexes in 11 states will be able to subscribe to Verizon’s advanced FiOS services by year-end, as the company completes the buildout of its all-fiber-optic network in the complexes. The project, which began last year under an agreement between Verizon and Aimco, will make FiOS ultra-high-sped broadband services available to all the apartments. Residents of apartments situated in areas where...
Shaken by the global credit turmoil, BC’s multi-family investment market faces a repricing of properties, according to Avison Young (Canada) Inc.’s “Fall 2008 BC Real Estate Multi-Family Investment Report”, released today. “There is now a standoff between purchasers, who in the wake of the global credit meltdown have changed their pricing expectations; and vendors, who are looking for yesterday’s pricing in a much...
Wilshire Finance Partners has expanded its lending services to include funding for redevelopment of affordable housing nationwide. The surplus of vacant single family residences on the market, combined with a lack of Section 8 housing has created a window of opportunity to redevelop properties that will comply with affordable housing guidelines, according to Thomas OBryon, CEO. Unfortunately, funds are not being made readily available for redevelopment...
NeighborWorks® America announced that Brian D. Montgomery, Assistant Secretary for Housing and Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD), is the recipient of the 2008 NeighborWorks® Government Service Award for Meritorious Service. The NeighborWorks Government Service Award is an honor that recognizes elected or appointed officials at the local, state, and federal levels who have made significant...
PASAL Development S.A. announces that consolidated earnings after taxes and minority interest for the 9M 2008 amounted to 2.6 mn euro compared to 6.0 mn euro in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 3.5 mn euro compared to 10.1 mn euro in 2007, while consolidated earnings before taxes amounted to 1.3 mn euro compared to 8.6 mn euro the respective period of last year. The reduction is mainly due to...
The Contour Lounge Chair by Murillo
Murillo, the Philippines based manufacturer has been involved in manufacturing furniture and...
Contemporary Office Designs from Triple Five Design
Looking for modern interior inspiration for your office, here we got some preview of the contemporary...
The Gallery House designed by architect Richard Librach
Today’s modern house inspiration is coming from Richard Librach Architect, Toronto-based...
The Riedel Amadeo Decanter from Williams-Sonoma
Williams-Sonoma, the company that serves cookware, cooks stool, cutlery, electrics, bakeware,...
Sign up to receive daily email updates of ArchiThings.Com headlines. Enter your email address below: