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Prudential Real Estate News

A new use for online ads: Calculations Thursday, July 2, 2009 @ 8:41PMIf you've ever wondered just what a rich media ad can do for your company than a simple display ad cannot, look no more. Online ad company Dapper has created an interesting ad for Prudential Real Estate that allows consumers to figure out how much home they can afford based on their monthly rent.
Asset stress Thursday, July 2, 2009 @ 2:40PMBut bank officials said that in many portfolios, asset stress was already evident, with falling loan-to-value (LTV) ratios. In many cases, the LTV ratio has dropped below the prudential level of 1.5 times.
Manhattan apartment sales cut by 50% in past 3 months Thursday, July 2, 2009 @ 12:04PMThe economy is dealing a heavy blow to the once frothy Manhattan real estate market. The number of apartment sales completed in April, May and June were cut in half, while prices sank again, according to several reports released Wednesday.
Even rich Manhattan sees falling apartment prices in recession Thursday, July 2, 2009 @ 11:59AMWashington - Manhattan, the most expensive place in the United States, has begun to see apartment prices fall as a nationwide recession is scaring away even the wealthiest Americans, according to a real estate report Thursday. Sales of apartments in ...
Goneau-Bryant Gets 'Green' Contract Thursday, July 2, 2009 @ 11:29AMGoneau-Bryant, a local design-build construction, development and consulting firm, has been awarded a contract to provide green and sustainable consultation on a residence being built by a Pinehurst resident. The residential project will include a primary focus on green and sustainable construction practices. Highlights include enhanced energy efficiency, indoor air quality, locally sourced and ...
Manhattan Apartment Prices Drop as Lehman Hits Home (Update1) Thursday, July 2, 2009 @ 11:00AMJuly 2 (Bloomberg) -- Manhattan apartment prices dropped for the first time since 2002 in the second quarter as the collapse of Lehman Brothers Holdings Inc. and Bear Stearns Cos. caught up to property owners in the nation’s most expensive urban market.
Manhattan Apartment Prices Skid 13 To 19 Percent Thursday, July 2, 2009 @ 8:51AMApartment prices in the typically resilient Manhattan market plunged in the second quarter by the largest annual amount in decades, data released Thursday showed.
Unemployment rate nearing double digits Thursday, July 2, 2009 @ 7:32AMWASHINGTON — Out-of-work with no place to land, the legions of America's unemployed are growing. The Labor Department is scheduled to release a report today expected to show the nation's unemployment rate edging closer to double digits. Wall Street economists predict the jobless rate will rise to 9.6 percent in June from 9.4 percent in May. That would mark a 26-year high.
Back to the Future on Manhattan Housing: How This Movie Ends Thursday, July 2, 2009 @ 6:48AMThe New York Times on the local housing market: “Even at the peak of the spring buying season, brokerage offices across the city have been eerily quiet, buyers have been holding out for steep discounts and the inventory of unsold apartments has been growing.” That was June 1989. A years-long wave of co-op conversions had helped drive the market to dizzying heights, altering not only ...
Associations chase delinquent fees from bank-seized homes Tuesday, June 30, 2009 @ 7:02PMHomeowners associations are pursuing delinquent fees from bank-seized homes more aggressively.
What You Get For ... $400,000 Tuesday, June 30, 2009 @ 4:21PMA bungalow in Spokane, Wash., a four-bedroom Georgian in Lexington, Ky., and a house in a St. Louis suburb.
FBI takes close look at failed Albany developer Tuesday, June 30, 2009 @ 4:13PMALBANY - The FBI, one bankruptcy trustee and 88 investors are hot on the money trail behind Albany real estate developer Joe LaCoste, court records show.
What Must We Do to Restore Consumer Confidence? Tuesday, June 30, 2009 @ 3:57PMRISMEDIA, July 1, 2009-Some of you may remember a few years back when a Harris Poll survey found that REALTORS(R) were named among the Top 12 Most Trusted Professionals in America. This was several notches below nurses, doctors and pharmacists, but comfortably above attorneys, stockbrokers and sales professionals in a ...
Kathy Hedley Named SVP, Sales for Prudential Real Estate and Relocation Services Tuesday, June 30, 2009 @ 3:12PMRISMEDIA, July 1, 2009-Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company, has appointed Kathy Hedley to the position senior vice president of Sales. Hedley, reporting to Earl Lee, president of Prudential Real Estate and Relocation Services, oversees the company's Global Corporate Relocation Sales group. "We are thrilled ...
Bache Commodities Group Launches Green Commodity Index Tuesday, June 30, 2009 @ 9:00AMNEW YORK & LONDON----Bache Commodities Group launched today the Bache Commodity Green IndexSM to offer investors a tool to invest in commodities with an environmental focus. Bache Commodities Group is the commodities and financial derivatives business of Prudential Financial, Inc. .
Top Tampa Bay-Area Law Firm and Major Real Estate Group Form Partnership to Help Clients with Mortgage Difficulties Tuesday, June 30, 2009 @ 8:37AMYesner & Boss, one of Central Florida's top real estate law firms, has signed an agreement to represent clients of 15 area offices of Prudential Tropical Realty in a wide range of financial problems afflicting residential property owners.
Address to the British Bankers' Association Annual International Banking Conference 2009 Tuesday, June 30, 2009 @ 6:41AMSpeech by Adair Turner, Chairman, FSA British Bankers' Association annual conference. 30 June 2009 It’s a pleasure to address the British Bankers’ Association annual conference. Since Callum McCarthy spoke here as FSA chairman last year, an enormous amount has changed.
The house of civil rights leaders Volma and Warneta Overton is for sale Saturday, June 27, 2009 @ 9:34AMU.S. Rep. Jake Pickle attended meetings there, as did a college-age Rep. Lloyd Doggett. The house at 1403 Springdale Road was home to Austin's civil rights history.
Real estate briefs Saturday, June 27, 2009 @ 5:15AMBuyer financing program Hidden Harbor, a new harborfront community in south Fort Myers, has partnered with Florida Community Bank to offer special financing to buyers. Program benefits include: Up to 90 percent financing on primary and secondary homes; up to 80 percent financing on investment homes; construction financing available; no mortgage insurance required; locked permanent loan rate 30 ...
Summerlin realty firm joins Prudential Saturday, June 27, 2009 @ 4:33AMWindermere Summerlin is now a Prudential Americana Group office, adding 100 Realtors and an additional location to Prudential's holdings.
Plaza to take Coldwell franchise Saturday, June 27, 2009 @ 12:03AMPlaza Real Estate will assume Wichita's Coldwell Banker franchise on July 1, replacing Stucky and Associates, which announced Friday morning that it is leaving the national brand.
Michael Jackson's notoriety could hurt value of his old haunts Friday, June 26, 2009 @ 11:52PMNegative aspects of the pop singer's life may dampen the enthusiasm of potential buyers of his old Neverland Ranch or the Holmby Hills estate he was renting, experts say. Long after the fans have left the gates of Neverland, the fantastical Santa Barbara County ranch once owned by Michael Jackson, the far less whimsical question remains of what will happen to it.
Squatters take over, rent out vacant homes Friday, June 26, 2009 @ 6:33PMThe neighbors in Parkview noticed a lot of people coming and going from a house on Eleanor Street in an unincorporated portion of DeKalb County.
Michael Jackson's notoriety could hurt resale value of his old haunts Friday, June 26, 2009 @ 2:50PMNegative aspects of the pop singer's life may dampen the enthusiasm of potential buyers of his old Neverland Ranch or the Holmby Hills estate he was renting, experts say. The homes of even the most beloved stars rarely see any appreciable gain in value from their celebrity cachet, and in the case of Michael Jackson's old Neverland Ranch and the Holmby Hills mansion the pop icon leased, the ...
Realtor David Lurty earns green designation Friday, June 26, 2009 @ 8:41AMDavid Lurty, associate broker with the Nancy Lurty Team at Prudential Gallo, Realtors, has been awarded the National Association of Realtors’ green designation, the only green real estate professional designation recognized by National Association of Realtors.
Monitor: Why the pay raise at Randolph Christian Church? Friday, June 26, 2009 @ 6:57AMRANDOLPH TWP. – Despite the recommendations of a state-appointed fiscal overseer, officials of the beleaguered Randolph Christian Church still want to give Pastor Eric Simons a raise that almost doubles his annual salary.
Business People Friday, June 26, 2009 @ 5:36AMWho's who in Delaware business
Commercial developers, lenders in 'stare down' Friday, June 26, 2009 @ 5:14AMProperty owners are doing what they can to cut prices to lure buyers, but the market for office buildings, retail parks and other commercial development is at a standstill.
Lehigh Valley home prices continue to drop Friday, June 26, 2009 @ 2:51AMLehigh Valley home prices fell further in May, indicating the local housing market continues to search for a bottom heading into the summer selling season.
Area developer buys Port Orange Kmart building Friday, June 26, 2009 @ 1:47AMThe north end at Dunlawton Square shopping center in Port Orange was bought just as Kmart announced plans to vacate it in early August.
BUSINESS BRIEFS Thursday, June 25, 2009 @ 6:51PMRieland awarded
Senate recommends major changes in tax rates, collection Friday, June 19, 2009 @ 6:05PMISLAMABAD (June 20 2009): The Senate has recommended major changes in taxation rates and revenue collection procedures through Finance Bill (2009-10) with proposals to restore wealth tax, increase income tax/corporate tax on profit of banking sector from 38 to 41 percent; fix tax on retailers, 25 percent regulatory duty on export of ferrous waste/scrap and progressive Capital Gains Tax on real ...
Banks prefer to invite bids for selling NPAs Friday, June 19, 2009 @ 1:28PMAsset reconstruction companies in the past had sought discounting rates as high as 20-25 per cent over the market value of the assets. Bangalore, June 19 Banks have taken the bid route for selling their non-performing assets so as to obtain maximum values.
Reservoir Woods lands tenant, 80% leased Friday, June 19, 2009 @ 12:49PMGunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP has signed a 10-year, 31,140-square-foot lease at Reservoir Woods in Waltham, Mass.
Kenneth D. Laub (Still) Wants $35 M. For His House Friday, June 19, 2009 @ 11:18AMThe red-brick townhouse at 163 East 64th Street is overpriced. It is very overpriced. And its owner doesn't care. “If I’m overpriced then so be it,” Kenneth D. Laub , a commercial real estate broker who has done deals with Bear Stearns and Hess Oil, told The Observer this month. “If someone feels that the house is worth what I think it is worth, then...
Fitch Updates U.S. CMBS Servicer Criteria on Changing CRE Landscape Friday, June 19, 2009 @ 9:38AMNEW YORK----Fitch Ratings has updated its U.S. CMBS servicer rating criteria to reflect current commercial real estate market conditions and their effect on mortgage servicing. These changes have resulted in moderate rating movement for certain servicers, as detailed in several press releases also published today.
Fitch Affirms Ratings for 16 U.S. CMBS Servicers on Criteria Update Friday, June 19, 2009 @ 9:38AMNEW YORK----In conjunction with the recent update of its U.S. CMBS servicer rating criteria , Fitch Ratings has affirmed 33 CMBS servicer ratings across 16 companies.
Advantage, renters Friday, June 19, 2009 @ 7:30AMIt’s a good time to be a renter in and around Boston. Apartment vacancy rates in the metro area are climbing to new highs, pushing down rents after nearly a decade of increases. The shift is tilting the balance of power, and now landlords are chasing after prospective renters, showering them with deals.
Tough Economic Times Force Cancellation of Charitable Fundraising Gala Friday, June 19, 2009 @ 2:01AMCanadian Sunshine Kids Foundation's May 29th fundraising Gala was canceled last month and the fundraising effort was turned into an online effort. Canadian Sunshine Kids asks for help through online donations at their website www.sunshinekids.ca.
Six Questions That Can Help You Gain Insight On A Prospective Home Thursday, June 18, 2009 @ 10:59PMUnlike an automobile, you can't test drive a home before you purchase it. You have to base your decision on other factors, such as layout, condition and much more. And, of course, the seller is obligated to disclose the property's condition that may alert you to issues such as previous mold, defective water heater or leaky roof.
Article Thursday, June 18, 2009 @ 10:59PMPrudential California Realty's Moorpark office has presented top honors for February and March. Jeff Valenza was awarded top listing agent in February. He can be reached at (805) 529-5303 or visit www.jeffvalenza.com.
1parkplace Launches 1parkplace University, Providing Free Educational Webinars for Realtors Thursday, June 18, 2009 @ 3:56PMRISMEDIA, June 19, 2009-1parkplace, a leader in eMarketing systems for Realtors has announced the new 1parkplace University to provide free education to Realtors on the topics of Internet marketing, lead generation, social media and a host of technology-related topics. The university recently featured Gregg Neuman, consistently one of the top-10-producing agents ...
Fox & Roach Charities Ranks in Top 25 of Corporate Charitable Giving Thursday, June 18, 2009 @ 3:42PMRISMEDIA, June 19, 2009-Fox & Roach Charities, the charitable arm of Prudential Fox & Roach, REALTORS? headquartered in Devon, PA, was listed #23 on the Top 25 Corporate Charitable Contributors in the May, 2009 Philadelphia Business Journal. "Fox & Roach Charities has maintained its philanthropic giving across the Greater Philadelphia Area ...
The unkindest cut…How employers can take the sting out of employee pay cuts. Thursday, June 18, 2009 @ 12:02PMBoston - BOSTON, MASS. As an employee, it’s a choice you never want to have to make: take a pay cut or possibly lose your job. For employers, the impact can be even more severe.
Realty’s ‘freefall’ slows headed into summer Thursday, June 18, 2009 @ 9:38AMA 15.48-month absorption rate – a factor of how long it would take to sell off the existing inventory of 511 homes on the Columbia County real estate market – in May is hardly a cause for jumping jacks. Still, it’s a far cry better than earlier this year, leading some realtors ...
Lehigh Valley Home Prices Continue to Drop Thursday, June 18, 2009 @ 9:23AMJun. 18--Lehigh Valley home prices fell further in May, indicating the local housing market continues to search for a bottom heading into the summer selling season.
Understanding the Impact of Working in Retirement Thursday, June 18, 2009 @ 8:30AMNEWARK, N.J.----Prudential Financial, Inc. announced today that millions of Americans who looked forward to a leisurely retirement may be forced to work now that the turbulent financial markets have wiped out nearly $2 trillion of retirement savings.
Real estate: Local sales in May up 15.5% over April Sunday, June 14, 2009 @ 6:20AM 2008 2009 % Inc % Inc Homes Avg Price Homes Avg Price Homes Price January 158 $254,431 139 $254,141 -12.7% -0.1% February 180 $257,371 131 $249,025 -27.2% -3.2% March 262 $259,654 193 $235,326 -26.3% -9.1% April 297 $248,563 226 $248,418 -23.9% -0.1% May 361 $244,067 261 $258,448 -27.7% 5.9% YTD 1,258 $251,376 952 $248,500 -24.3% -1.1%
Families moved here and love it Sunday, June 14, 2009 @ 2:42AMWhile relocation activity has fallen, Michigan still is welcoming families from Boston, St. Louis and elsewhere.
Costly repairs force sellerto settle for much less Sunday, June 14, 2009 @ 12:37AMNorth Jersey Media Group: NorthJersey.com, the Online Edition of The Record and The Herald News is your local source for the latest coverage of local news, local sports, and local entertainment, with stories, photos and videos, as well as regional, national and world coverage, including obituaries, weather, traffic and complete classifieds listings for Northern New Jersey.