Saturday, December 22, 2007

3 Responses to “Tucson MLS Statistics for November 2007”

Hi Dave - I should have read your post BEFORE I read yesterday’s business section of the Star and maybe then I wouldn’t have been so bummed by that article. Sure sounds like they’re painting 2008 even more dismally than even a few weeks back. Its looking a bit scary - should we really be concerned?

Erin

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source: barbaralasky.com

Tucson MLS Statistics for November 2007

ocal Post Tags:tucson housing market November 2007, tucson mls statistics November 2007, Tucson real estate November 2007

The Tucson MLS Statistics for November were finally released late afternoon Wednesday, December 18th. This is pretty much behind the rest of the nation and seems to perpetuate the notion that Tucson and the MLS are just a jerk water town. However, I have reason to believe this is about to change. We shall see if this holds true come January when we will see the December and all of 2007 Statistics report.

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source: barbaralasky.com

GREAT EVENT FOR FOREIGN BUYERS

Playa del Carmen, Mexico – RMRE Expo, a marketing and events company formed by local and foreign real estate professionals in Mexico, presents its second annual Riviera Maya Real Estate Expo & Seminar February 15-16, 2008 at The Royal, a luxurious beachfront resort in Playa del Carmen, Mexico.

This two-day expo and seminar will bring together key real estate professionals to advise prospective buyers on the investment market along the Caribbean coast of Mexico. Participating parties include real estate brokers, professionals from the legal field, government representatives, financial institutions, and developers.

“The goal of the Riviera Maya Real Estate Expo & Seminar is to demystify the buying process in Playa del Carmen and other beachfront areas along the Caribbean coast of Mexico,” said Rich Bilanceri, Co-Director of the event and real estate consultant in Playa del Carmen.

This year’s event features:

A special educational seminar, The Inside Secrets to Buying and Investing in Real Estate in the Riviera Maya. Sessions include:

o Legal Overview: Critical Issues in Foreign Property Ownership in Mexico
o Riviera Maya Past, Present and Future: Historical, Political and Infrastructural Overview
o The Typical Residential Purchase Process
o Tourism in Mexico and Quintana Roo: What it Means to the Community and the Foreign Buyer
o The Market: Understanding the Various Communities within Riviera Maya
o Migration of Canadian and U.S. Citizens to the Riviera Maya
o I Own a Property in Paradise! Now What?

Informational expo with representatives from developments throughout the area, including the unveiling of the most up-to-date Riviera Maya regional development plan

The Playa Lifestyle Pavilion, providing a taste of the international lifestyle of Playa del Carmen, the Riviera Maya’s fun yet sophisticated hot spot, including information on:

o Nightlife, including live and international music
o Cuisine
o Sports and recreation (scuba, boating, sailing, jet skis, national and historic parks, and adventure sports)
o Health and wellness (medicine, yoga, massage, clinics, nutrition)
o Community and city services
o Art and education
o Historical sites and ruins from the ancient Maya civilization, including Tulum, overlooking the ocean, and the magnificent Chichen Itzá, one of the seven wonders of the World

“This coastline is not only beautiful and exotic, but it is affordable and realistic for many non-natives to either buy a second home or a rental property,” said Bilanceri. “Once people get a taste of the sophisticated and truly international flare of the area and encounter the diverse community of Mexicans, Americans, Canadians, Europeans and others – they fall in love with Playa del Carmen and surrounding communities. The Riviera Maya Real Estate Expo & Seminar is designed to help newcomers easily make the Riviera Maya their first or second home.”

Solidaridad, the municipality that houses Playa del Carmen and other parts of the Riviera Maya, has been the fastest growing municipality in Mexico for the last decade, with an annual growth rate of at least 20%, (as cited in a recent government report of the economic development of the region. For a copy of the presentation, please use the contact information above.) This growth is due in large part to the unique, eclectic mix of international visitors and permanent residents.

Mexico has been extremely stable since the fiscal and electoral reforms of the late 90's and the historic elections of 2000. Non-Mexican citizens now have access to reasonably priced mortgages, English-speaking bank tellers, free ATMs, secure online banking in US dollars, and title insurance; however, fortunately, real estate prices are still a fraction of many US and Canada coastal markets. For example, a brand new 2 bedroom/2 bath condo five blocks from the beach in downtown Playa del Carmen costs on average $225,000 US, while a similar 2/2 in Destin, FL costs around $350,000 US. Others in Miami, Huntington Beach, CA, and San Diego start at half a million.

The Riviera Maya Real Estate Expo & Seminar is now open for registration. The cost of the two-day event is $279.00 US. Tickets are also available for the Playa Real Estate Gala (Playa REgala), benefiting Angel Notion, on February 21, 2008. The cost of the charitable gala is $110 per person and includes live music, dinner and dancing. Proceeds benefit Angel Notion, a locally-based non-profit organization that provides care, skills-training and medical attention to children with disabilities who live in Playa del Carmen. (For more information on Angel Notion, visit www.angelnotion.com). Tickets for both events may be purchased online at www.RivieraMayaRealEstateExpo.com.

For more information on the 2008 Riviera Maya Real Estate Expo & Seminar, please visit www.RivieraMayaRealEstateExpo.com.

RMRE Expo, S. de R.L. de C.V. [the equivalent of LLC in the US] is a Mexican corporation based in Playa del Carmen that provides marketing and event management services. RMRE owns and operates the Riviera Maya Real Estate Expo & Seminar, Playa Lifestyle Pavilion, and Playa REgala.

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source: rivieramayarealestatenews.com

International Ink Manufacturer Signs 52,000-SF Deal

In a deal just coming to light in the market, Flint Group signed a 15-year lease deal for 52,500 square feet. The deal was signed at the end of October and Flint Group has set a tentative move in date of May 1, 2008.

The industrial warehouse it leased is at 4675 Westpark Drive SW in the Fulton District Industrial submarket of Atlanta. Construction of the property was completed in 1984 and the structure stands one-story and totals 52,500 square feet. The tenant is currently doing a build out on this property, as it will be used for office, manufacturing and warehouse space. Flint Group is relocating from 1339 Ellsworth Industrial Drive in Atlanta.

Flint Group is an international ink-printing manufacturer headquartered in Luxembourg. It has approximately 8,300 employees in 170 centers in North, Central and South America, Europe, the Middle East, Australia, Africa, India, New Zealand and the Pacific Rim.

Bruce Logue represented the owner, ING Clarion Realty Services, in-house, and Ed Smith and Charlie King of King Realty represented Flint Group.

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source: costar.com

Cousins, Prudential Partner On Buckhead Office Tower

In a long expected move, Cousins Properties Inc. (NYSE:CUZ) brought in Prudential Real Estate Investors (PREI) on its Terminus 200 development, the 565,000-square-foot Buckhead office tower currently under construction. Cousins said the capitalization of the venture, including debt, will be $172.5 million, which is expected to cover the construction cost of the building.

The Cousins-Prudential joint venture secured a $138 million construction loan placed with a syndicate of lenders. Wells Fargo served as administrative agent, Regions Bank served as syndication agent, and PNC Bank, Bank of North Georgia and Atlantic Capital Bank joined as additional participants. PREI is acting on behalf of institutional investors.

Terminus 200 is the second office building at Terminus and follows the April delivery of Terminus 100. Signed tenants at Terminus 100 include Bain & Co., Citigroup, CB Richard Ellis, Wachovia, Cumulus Media, Synovus, Atlantic Capital Bancshares, Wilmington Trust Corp., UBS and Premiere Global Services. The building is now more than 95% leased.

Plans for the 10-acre mixed-use project ultimately include more than 1 million square feet of office space, 125,000 square feet of restaurant and retail space, and more than 800 units of for-sale residential. The first residential building at the project - the 137-unit 10 Terminus Place - is also under construction and scheduled for delivery in summer 2008. Terminus 200 is slated to deliver in August 2009.

PREI is a real estate investment management and advisory firm managing $39.6 billion in gross assets (28.8 billion net) on behalf of more than 400 clients, ranking it among the largest real estate investment managers.

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source: costar.com

Cousins, Prudential Partner On Buckhead Office Tower

UPDATED: W Atlanta-Downtown Tops Out at Allen Plaza

Barry Real Estate Cos. topped out construction on the 28-story W Atlanta-Downtown Hotel and Residences at Allen Plaza on December 11. This development is set to open in 2008.

The new luxury property at 45 Ivan Allen Jr. Blvd. will feature 237 hotel rooms, 76 private residences, 10,000 square feet of meeting space, a BLT Steak signature restaurant and a spa. The W Atlanta-Downtown is the only one in the exclusive W chain within the Southeast to offer private residences.

Pickard Chilton Architects designed the building, which features floor-to-ceiling glass and outdoor terraces. Toronto-based firm burdifilek designed the building’s interiors. The Marketing Directors LLC is marketing the private residences.

Barry Real Estate Cos. and Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), the W hotel brand’s parent company, reached an agreement in fall 2005 to build W Atlanta-Downtown Hotel & Residences as part of Atlanta’s Allen Plaza.

The $1.95 billion mixed-use development covers nine city blocks at the confluence of the Downtown Connector, Ivan Allen Jr. Blvd., Williams and Spring streets. When complete, Allen Plaza will include more than 1,300 residences, nearly 230,000 square feet of neighborhood retail, 1,500 hotel rooms and 2.4 million square feet of office space.

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.



source: costar.com