Commercial Property, United Arab Emirates, Lucrative Ready to move in office spaces with 10% Rental Guarantee available at Tecom (Freezone & Freehold), Dubai, UAE. … price on request
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Executive Heights - TECOM, Dubai
A great quote in the New York Times by way of Naked Capitalism from one of my favorite authors, pundits, quants Nassim Taleb about those trying to make predictions in the current market:
“I cannot find a single convincing argument that tells me that astrologers won’t do better than economists,” Mr. [Nassim Nicholas] Taleb said last week by telephone from Lebanon, where he was mountain hiking.
“The problem is the arrogance of these economists,” he said. “They’re making people rely on theories that have not worked, do not work, and are really dangerous.”
Taleb most-recently wrote The Black Swan: The Impact of the Highly Improbable which argues that traditional risk-avoidance measures are woefully inaccurate in the face of catastrophic events. He remains amazingly prescient.
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Astrologers and economists - no one knows where bottom is
House trashed after owners are forced out by foreclosure. via ClipSyndicate
Mortgage Mess After Foreclosure
“We’re trying to price where it has been the last six months.”
Nashville’s real estate industry stuck to a familiar pattern in April, with sales sliding, inventory rising but prices nevertheless holding steady. via The Tennessean
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Home sales extend slide in Nashville area
“Access to land in those areas is becoming more challenging, while recent improvements in infrastructure and close proximity to two of South Korea’s largest cities have made Milyang an increasingly attractive distribution hub.”
The fund has purchased a $31.0 million portfolio in Milyang City totaling 292,330 square feet , a $38.1 million portfolio in Icheon City totaling 327,000 square feet and a $17.2 million portfolio in Cheonan … via Earth Times
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ProLogis Expands Industrial Portfolio in South Korea
“The local (real estate) slowdown is more moderate than other areas”
Fewer people bought houses in York County, and they paid less for them in the first quarter of 2008. via InYork
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York County housing market slows down
“We need to end this stalemate”
- A reform proposal by dissident shareholder Greenlight Capital was defeated, as expected, at the annual meeting of MI Developments Inc. (TSX:MIM.A) - a dramatic event featuring an emotional speech by company founder Frank Stronach.
Greenlight, a New York investment firm, had called for MI Developments to provide only short-term funding to horse-track subsidiary Magna Entertainment (TSX:MEC.A), and for the land developer to raise its dividend, repurchase stock and increase debt.
The Greenlight proposal went down to defeat Wednesday, and Stronach - the controlling shareholder of MID, MEC and Magna International (TSX:MG.A), from which they were spun off - joined MI Developments chief executive John Simonetti in calling for an end to the public feud with Greenlight. Read more
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Greenlight challenge to Stronach defeated at MI Developments annual meeting
“We opted to purchase it outright because of the condition of the real estate market”
DETROIT - General Motors Corp. said the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit’s towering Renaissance Center for … via Detroit Free Press
Credit:
GM buys RenCen, filing shows
“Townhomes and condos have gone up 115 percent since 2000.”
SPACEPORT. PEOPLE BEING PRICED OUT OF HOMES WHERE THEY GREW UP. WE’RE NOT TALKING ABOUT SAN FRANCISCO OR NEW YORK CITY — IT’S SAN JUAN COUNTY — AND MORE SPECIFICALLY FARMINGTON. via ClipSyndicate
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San Juan Co. plans for affordable housing
Efforts to identify a man who shot a police officer April 18 could be helped by a reward that, with the addition of a half-million dollars from a Texas company, has reached $502,000. The officer hasn’t been … via KATV Little Rock
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Reward Reaches $502,000 in Malvern Officer Shooting
The median price of a condominium on Maui rose last month, while the median single-family home price fell, with lower sales in both categories. via Residential Real Estate
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Maui condo prices rise, home prices fall
“They’re starting to look a little silly”
A day after adjourning the 2008 legislative session, some state lawmakers want another crack at the budget and other unfinished business and may return to the Capitol in the next several weeks. via Hartford Courant
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Democrats planning special session
“There is a lack of sellers and buyers lack confidence it is all about sentiment. There’s job uncertainty in the City. At the moment we are seeing volumes 30 per cent to 40 per cent down the trend has got worse over the last two months.”
Confirmation the top end of the property market, especially in London, will not escape the worst effects of the credit crunch came from a leading up-market estate agent yesterday. via The Independent
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Savills warns sales of expensive homes are down by 40% in London this year
“We as an organization will work with Victor to help him find solutions to his immediate difficulties that prompted this decision”
If you want to own the Pennsauken house featured in the hit television show ‘Extreme Makeover: Home Edition,’ you have to wait. via Asbury Park Press Online
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‘Extreme Makeover’ house off the market
According to a new study, children can be just as affected — if not more so — by foreclosures than adults. via ClipSyndicate
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Study: Foreclosure Affects Children, Too
