bizjournals Residential Real Estate:General headlines

Residential Real Estate:General headlines from the week of November 17, 2008

Wed, 19 Nov 2008 22:34:04 GMT

Wisconsin unemployment steady in October

Wisconsin’s seasonally unadjusted unemployment rate for October was 4.4 percent, unchanged from September, but up two-tenths of a percentage point from October of 2007, the state Department of Workforce Development said Wednesday.

Wed, 19 Nov 2008 22:26:41 GMT

Washington bank stocks slammed in Wednesday trading

Wednesday wasn’t a good day to be a stockholder in one of Washington's banks. (WSFG) (FTBK) (HRZB) (TSBK) (COLB)

Wed, 19 Nov 2008 22:18:51 GMT

Economy will rebound in 2009

The U.S, economy in the past 2 months "has declined faster than any of us have seen in our careers," Bank of America chief economist Lynn Reaser said Wednesday at a lunch hosted by the Economic Roundtable of Jacksonville.

Wed, 19 Nov 2008 22:14:28 GMT

Lumera gets another NASDAQ warning

Lumera Corp. said it’s gotten a warning letter from the NASDAQ stock exchange for not meeting minimum shareholders’ equity requirements. (LMRA)

Wed, 19 Nov 2008 22:06:52 GMT

Dallas stocks fall as Dow drops below 8,000

The Dow Jones Industrial average fell 427.47 points Wednesday, closing at 7,997.28. (AMR) (JCP) (TXN) (CTX) (DHI) (LUV) (THC) (GME) (ETP) (CE) (BLDR) (BLC) (CMA)

Wed, 19 Nov 2008 21:59:24 GMT

Dow closes below 8,000

Mounting Wednesday afternoon losses sent the Dow skidding below the 8,000 point barrier.

Wed, 19 Nov 2008 21:52:31 GMT

Parkland project moves forward

Lennar Corp.’s massive Parkland development has cleared another hurdle toward approval from Miami-Dade County.

Wed, 19 Nov 2008 21:45:14 GMT

Billings by architects fall in West

The American Institute of Architects (AIA) billing index for the U.S. architectural industry dropped to an all-time low in October, with the area that includes Colorado having the lowest regional rating.

Wed, 19 Nov 2008 21:43:55 GMT

Dow closes below 8,000

Mounting Wednesday afternoon losses sent the Dow skidding below the 8,000 point barrier.

Wed, 19 Nov 2008 20:58:06 GMT

Midwest Consumer Price has biggest one-month drop since 1987

The Midwest Consumer Price Index was 206.019 in October, down 1.5 percent from 209.252 in September, the U.S. Department of Labor’s Bureau of Labor Statistics said Wednesday.

Wed, 19 Nov 2008 20:57:58 GMT

Downtown condo sales lag 2007

The Memphis Area Association of Realtors reported eight condominium units sold Downtown in October, down from 13 in October 2007 and 18 in October 2006. These numbers only reflect sales by MAAR-affiliated agents.

Wed, 19 Nov 2008 20:50:22 GMT

AIA: Architecture billings hit all-time low

The American Institute of Architects is reporting that the Architecture Billings Index, which is compiled from a monthly survey of architecture firms around the country, is at its lowest level since the survey began in 1995.

Wed, 19 Nov 2008 20:28:30 GMT

Survey: Executive bonuses might shrink with economy

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 20:20:36 GMT

Survey: Homebuilder confidence wanes

Homebuilders’ confidence in a quick resolution to the housing crisis is at a new low, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 20:19:52 GMT

October architecture billings fall

The American Institute of Architects reported its Architectural Billings Index last month hit its lowest level since the group began tracking the figures in 1995.

Wed, 19 Nov 2008 20:15:46 GMT

U.S. housing starts lowest since 1959

Two key measures of the housing market show that the sector is a long way from ending its historic slump, but the West showed some improvement.

Wed, 19 Nov 2008 20:12:45 GMT

Solutia to lay off 115 at Mich. plant

Solutia Inc. said Tuesday it plans to lay off 115 of the 187 employees at its Trenton, Mich., plant next year. (SOA)

Wed, 19 Nov 2008 20:12:34 GMT

AIA: Architecture billings hit all-time low

The American Institute of Architects is reporting that the Architecture Billings Index, which is compiled from a monthly survey of architecture firms around the country, is at its lowest level since the survey began in 1995.

Wed, 19 Nov 2008 19:56:31 GMT

Wyeth to cut 124 jobs in Sanford

Pharmaceutical company Wyeth will lay off 124 workers at its facility in Sanford, a company spokesman confirmed Wednesday. (WYE)

Wed, 19 Nov 2008 19:54:37 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 19:46:34 GMT

Survey: Executive bonuses might shrink with economy

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 19:36:32 GMT

Survey: Economy may shrink executive bonuses

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 19:26:13 GMT

Survey: Executive bonuses might shrink with economy

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 19:22:50 GMT

Report: Homebuilders' confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 19:20:50 GMT

Survey: Homebuilder confidence wanes

Homebuilders’ confidence in a quick resolution to the housing crisis is at a new low, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 19:18:18 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show the sector is a long way from ending its historic slump

Wed, 19 Nov 2008 19:13:53 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 19:08:46 GMT

AIA billings index plummets

The American Institute of Architects’ Architecture Billings Index — an indicator of construction activity — fell in October to its lowest level since 1995.

Wed, 19 Nov 2008 19:01:34 GMT

Survey: Executive bonuses might shrink with economy

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 19:00:33 GMT

Union County plans huge industrial park

Union County leaders have unveiled initial plans for a 5,000-acre business and industrial park that could eventually represent a $2.3 billion investment. (DUK)

Wed, 19 Nov 2008 18:51:56 GMT

Survey: Homebuilder confidence wanes

Homebuilders’ confidence in a quick resolution to the housing crisis is at a new low, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 18:51:27 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 18:49:00 GMT

Winn-Dixie, nFinanSe partner on prepaid cards

Winn-Dixie Stores Inc. said all of its retail grocery locations are now selling a prepaid card from nFinanSe Inc. (WINN)

Wed, 19 Nov 2008 18:45:02 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 18:44:42 GMT

Winn-Dixie, nFinanSe partner on prepaid cards

Winn-Dixie Stores Inc. said all of its retail grocery locations are now selling a prepaid card from nFinanSe Inc. (WINN)

Wed, 19 Nov 2008 18:42:29 GMT

Survey: Homebuilder confidence wanes

Homebuilders’ confidence in a quick resolution to the housing crisis is at a new low, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 18:38:17 GMT

Survey: Executive bonuses might shrink with economy

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 18:36:20 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 18:35:45 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 18:33:58 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 18:21:35 GMT

U.S. Green Building Council seeks comment on new program

The U.S. Green Building Council opened its first public comment period for its Leadership in Energy and Environmental Design (LEED) rating system for neighborhood development.

Wed, 19 Nov 2008 17:53:01 GMT

S. Fla. has eight-month backlog of unsold homes

South Florida has more than eight months’ worth of unsold homes in the pipeline, according to Metrostudy, a national housing research company.

Wed, 19 Nov 2008 17:52:38 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the news was best in the West.

Wed, 19 Nov 2008 17:52:29 GMT

Best Western near Honolulu International completes renovations

The $3 million renovation at the Best Western The Plaza Hotel in Honolulu has been completed.

Wed, 19 Nov 2008 17:49:38 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 17:48:29 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 17:33:04 GMT

U.S. housing starts lowest since 1959

A new report from the U.S. Commerce Department shows housing starts reached an annual rate of 791,000 last month, the lowest level since the department began tracking starts in 1959.

Wed, 19 Nov 2008 17:21:14 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the news was best in the West.

Wed, 19 Nov 2008 17:19:21 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 17:14:24 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 17:08:57 GMT

U.S. housing starts lowest since 1959

Two key measures of the housing market show that the sector is a long way from ending its historic slump, but the West showed some improvement.

Wed, 19 Nov 2008 17:04:38 GMT

U.S. housing starts lowest since 1959

Two key measures of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 16:57:02 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 16:53:09 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 16:46:29 GMT

U.S. housing starts lowest since 1959

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the South showed slight improvement.

Wed, 19 Nov 2008 16:37:40 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 16:24:35 GMT

Baltimore-area housing prices steadier than Washington's

Baltimore-area housing prices showed a moderate decline in the latest year-to-year quarterly report from the National Association of Realtors, in comparison to a far steeper drop in neighboring Washington.

Wed, 19 Nov 2008 16:17:44 GMT

Survey: Year-end executive bonuses might not be that big

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 16:12:09 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 16:10:54 GMT

AIA billings index plummets

The American Institute of Architects’ Architecture Billings Index — an indicator of construction activity — fell in October to its lowest level since 1995.

Wed, 19 Nov 2008 15:59:58 GMT

Survey: Year-end executive bonuses might not be that big

Annual bonuses and stock-based awards may dry up with the economy, according to a survey released Wednesday by Pearl Meyer & Partners.

Wed, 19 Nov 2008 15:55:26 GMT

U.S. housing starts lowest since 1959, but rise in the West

Two key measurements of the housing market show that the sector is a long way from ending its historic slump, but the news was best in the West.

Wed, 19 Nov 2008 15:54:56 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 15:53:04 GMT

Manufacturer laying off 94 in Prairie du Chien

Miniature Precision Components Inc. of Walworth has informed state officials of its intention to lay off 94 employees from its plant in Prairie du Chien.

Wed, 19 Nov 2008 15:52:54 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 15:51:30 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Wed, 19 Nov 2008 15:22:15 GMT

Seminole schools gets $356,120 grant

AT&T Inc. has awarded $356,120 over the next four years to the Seminole County School District to support its transition program for ninth-graders who achieved limited academic success in eighth grade.

Wed, 19 Nov 2008 15:16:28 GMT

Orlando 3Q home sales up, values fall

The Orlando market saw an uptick in single-family home sales for the third quarter, but a continued drop in existing condo sales and values for all homes, according to the Florida Association of Realtors.

Wed, 19 Nov 2008 14:06:53 GMT

Home prices fall in Pittsburgh, nationwide

Home prices in the Pittsburgh region fell in the third quarter, according to the National Association of Realtors, which follows the trend nationwide.

Wed, 19 Nov 2008 13:40:05 GMT

Greater Cincy home prices down 6%

Prices for single-family homes fell in major Ohio cities during the third quarter, according to new data from the National Association of Realtors.

Wed, 19 Nov 2008 00:20:52 GMT

Insituform Technologies cuts 35 managers, support staff

Insituform Technologies Inc. announced late Tuesday that it plans to eliminate 35 of its management and support staff positions. Approximately half of the positions are located at the company’s headquarters in Chesterfield, with the remainder based throughout North America.

Wed, 19 Nov 2008 00:20:27 GMT

Related Group to offer loans on troubled assets

Condo building juggernaut the Related Group is offering itself out as a consultant and possibly a lender for troubled real estate assets.

Tue, 18 Nov 2008 22:22:11 GMT

Existing-home sales fall as interest in bank-owned properties grows

Homeowners hoping to sell their houses have been dropping out of the market as foreclosed homes continue to gain buyers’ attention, according to a report of October existing home sales released Tuesday from Trendgraphix Inc., a division of Lyon Real Estate

Tue, 18 Nov 2008 20:44:35 GMT

Homebuilders’ confidence wanes

Homebuilders’ confidence that there will be a resolution to the housing crisis anytime soon is at an all-time low, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Tue, 18 Nov 2008 20:37:26 GMT

MAAR: October home sales down 18.7%

The Memphis Area Association of Realtors reported 1,020 homes sales in October, down 18.7% compared to 1,255 homes sales last October.

Tue, 18 Nov 2008 20:17:55 GMT

Jerry Brown asks Supreme Court to review Prop. 8

California Attorney General Jerry Brown on Monday filed a brief with the California Supreme Court asking it to review and resolve the legal challenges surrounding Proposition 8.

Tue, 18 Nov 2008 20:00:50 GMT

New president named at Virginia College

Education Corp. of America has promoted Jo Ann Wilson to president of Virginia College in Birmingham.

Tue, 18 Nov 2008 19:59:08 GMT

Tampa sees increase in existing home sales

Existing home sales in the Tampa Bay area went up in the third quarter compared to a year ago, as home sales statewide experienced an upswing.

Tue, 18 Nov 2008 19:56:16 GMT

Jerry Brown asks Supreme Court to review Prop. 8

California Attorney General Jerry Brown on Monday filed a brief with the California Supreme Court asking it to review and resolve the legal challenges surrounding Proposition 8.

Tue, 18 Nov 2008 19:53:14 GMT

Home sales down in Jacksonville, up across state

There are signs of life in the Florida housing market, but they’re not in the Jacksonville area.

Tue, 18 Nov 2008 19:51:58 GMT

Home builder confidence hits lowest level in 23 years

Home builder confidence nationally has dropped to its lowest level in 23 years, based on a survey by the National Association of Home Builders.

Tue, 18 Nov 2008 19:41:26 GMT

October home sales in Houston down 20 percent

The local housing market continued to feel the effects of the troubled national economy in October.

Tue, 18 Nov 2008 19:30:00 GMT

Hamilton County home values go up

Despite the foreclosure crisis and housing market meltdown, many Hamilton County residents will see an increase in their property values this year.

Tue, 18 Nov 2008 19:23:31 GMT

Albany among bright spots in 3Q housing

The Albany, N.Y., housing market was among the few nationwide to experience an increase in median prices during the third quarter, the National Association of Realtors reported Tuesday.

Tue, 18 Nov 2008 19:04:44 GMT

Supply dips, but Triangle home sales drop 45%

The number of existing homes up for sale in the Triangle dropped in October for the first time in more than two years, but the dip in supply couldn’t keep up with a severe slowdown in demand.

Tue, 18 Nov 2008 18:43:33 GMT

Diamond Tail Ranch starts phase two

The second phase of home building at Placitas’ exclusive Diamond Tail Ranch has broken ground with the drilling of new wells and road paving. Plans call for 141 new lots to be ready for sale by next June, according to Dan Dennison, president of Ristra Realty LLC.

Tue, 18 Nov 2008 18:09:14 GMT

Study: Condo prices steady in 3Q

Prices for single-family homes fell in Central Ohio in the third quarter, but the area was one of a few regions nationwide to see condominium prices sidestep the decline, according to new data from the National Association of Realtors.

Tue, 18 Nov 2008 18:03:42 GMT

Denver home-price drop surpasses nation's

Home prices in the Denver area in the past year have fallen at a steeper rate than the U.S. average, according to data released by the National Association of Realtors Tuesday.

Tue, 18 Nov 2008 17:58:35 GMT

Fla. home sales up, prices remain down

Finally, a bit of positive news about Florida’s housing market. Sales of existing family homes in the tri-county area rose in the third quarter. But, the good news was tempered by the fact that prices across the board continue to tumble, according to the Florida Association of Realtors.

Tue, 18 Nov 2008 17:35:58 GMT

Janet McAfee taking over operations of Edward L. Bakewell Inc.

Janet McAfee, one of the largest residential real estate firms in St. Louis, is taking over the operations of competitor Edward L. Bakewell Inc.

Tue, 18 Nov 2008 17:14:03 GMT

How do Austin home prices stack up against other college towns?

Coldwell Banker has come up with a new twist on football rivalry, comparing home prices in some of the country’s major college football towns, and Austin ranked 55 out of the 119 markets surveyed.

Tue, 18 Nov 2008 17:11:29 GMT

Arizona tops nation with increase in home sales

The latest National Association of Realtors read on the housing sector shows an industry still in shambles, but a bright spot in Arizona.

Tue, 18 Nov 2008 17:09:18 GMT

D.C.-area condo prices holding up better than houses

Washington-area housing prices are sharply lower in the latest quarterly report from the National Association of Realtors, but area condo prices are faring better.

Tue, 18 Nov 2008 17:09:17 GMT

Buffalo among bright spots in 3Q housing

The Buffalo-Niagara Falls housing market was among the few nationwide to experience an increase in median prices during the third quarter, the National Association of Realtors reported Tuesday.

Tue, 18 Nov 2008 16:43:48 GMT

Mothers Work narrows 4Q loss

Cost cutting helped Mothers Work Inc. narrow its loss for the fourth quarter to $4.8 million as same-stores sales increased moderately, it said Tuesday. (MWRK)

Tue, 18 Nov 2008 16:43:38 GMT

SRI signs $1.8M contract for drug analysis

Research and development organization SRI International said Tuesday it was awarded a $1.8 million contract by the National Institute on Drug Abuse.

Tue, 18 Nov 2008 16:42:03 GMT

Home sales prices in Boston down 10% in Q3

Boston-area single family home sales prices for the third quarter dipped year over year, according to figures released by the National Association of Realtors. Nationwide, home prices fell in a record four out of five cities as foreclosures flooded the market.

Tue, 18 Nov 2008 16:21:46 GMT

Holiday shoppers just getting started

Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.

Tue, 18 Nov 2008 16:05:39 GMT

Holiday shoppers just getting started

Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.

Tue, 18 Nov 2008 16:05:03 GMT

Whitney sale may be close

Stalled downtown West Palm Beach mixed-use condominium project, The Whitney, may be close to a sale, according to Peter J. Filomena, an executive at Palm Beach Gardens-based Reichel Realty and the court-appointed receiver for the iStar-funded project.

Tue, 18 Nov 2008 15:59:27 GMT

Holiday shoppers just getting started

Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.

Tue, 18 Nov 2008 14:52:18 GMT

Illinois Q3 home sales fall

Illinois home sales fell in the third quarter compared to both last quarter and last year, new data show.

Tue, 18 Nov 2008 14:24:05 GMT

Painter up for United Nations job

Cincinnati appellate Judge Mark Painter is on a short list of candidates for a new court that would resolve internal disputes at the United Nations.

Mon, 17 Nov 2008 22:36:07 GMT

Holiday shoppers just getting started

Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.

Mon, 17 Nov 2008 22:20:08 GMT

Mortgage broker gets 3.5 years in fraud

Phoenix mortgage broker Rick Thomas McCullough was sentenced to three-and-a-half years in prison after pleading guilty to securities fraud related to a scam bilking four seniors out of more than $400,000.

Mon, 17 Nov 2008 20:59:14 GMT

Holiday shoppers just getting started

Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.

Mon, 17 Nov 2008 20:32:44 GMT

WHEDA announces rural loan fund

The Wisconsin Housing and Economic Development Authority announced Monday establishment of a $915,000 revolving loan fund for the preservation and revitalization of low-income, multifamily rental housing throughout rural Wisconsin.

Mon, 17 Nov 2008 19:59:24 GMT

Tampa’s Grand Prix Family Thrill Park in Tampa sold

The Grand Prix Family Thrill Park in Tampa is one of 11 family entertainment centers just acquired by PARC Management LLC.

Mon, 17 Nov 2008 19:59:16 GMT

State collects $1.4M Medicaid rebate

The Florida Agency for Health Care Adminstration has collected a $1.4 million Medicaid rebate.

Mon, 17 Nov 2008 19:57:54 GMT

Fiber Composites teams with Huttig Building Products

Decking manufacturer Fiber Composites is expanding the distribution of its products in the West and Southwest through a partnership with Huttig Building Products. (HBP)

Mon, 17 Nov 2008 19:56:57 GMT

MacGregor Development files for bankruptcy

The company that developed landmark Cary neighborhoods MacGregor Downs and Lochmere has filed for bankruptcy.

Mon, 17 Nov 2008 19:56:04 GMT

Local home sales drop 30 percent in Oct.

Home sales in the Birmingham area fell 30 percent in October over the previous month, as the city continues to be affected by poor world stock markets and declining consumer confidence, said a recent report.

Mon, 17 Nov 2008 19:50:50 GMT

Murray’s Cheese to open in Greater Cincinnati Kroger stores

Murray’s Cheese, a well-known New York purveyor of fine cheeses, will open a location at the new Fresh Fare by Kroger store in Kenwood, and at two other area Kroger stores. (KR)

Mon, 17 Nov 2008 19:42:07 GMT

State collects $1.4M Medicaid rebate

The Florida Agency for Health Care Adminstration has collected a $1.4 million Medicaid rebate.

Mon, 17 Nov 2008 19:40:15 GMT

Report: Alabama homes less affordable

The affordability of homes in Alabama dropped nearly 8 percent in the third quarter compared to the previous quarter, while it rose nearly 2 percent in the Birmingham area, according to the Alabama Center for Real Estate at the University of Alabama.

Mon, 17 Nov 2008 19:35:39 GMT

CHS gives Bergmann added duties

Catholic Health System has named Peter Bergmann to the dual post of president and CEO of Sisters of Charity Hospital and St. Joseph Hospital, effective Jan. 1.

Mon, 17 Nov 2008 19:31:57 GMT

Delta-Alaska Airlines strike new partnership

Delta Air Lines Inc. and Alaska Air Group Inc. said Monday they are pulling a little tighter together. (DAL) (ALK)

Mon, 17 Nov 2008 19:30:23 GMT

Inadvertant ‘donation’ returned

Honesty is paying off for an employee at the Glen Carbon, Ill., MERS Goodwill store who reported finding $7,500 in a donated box of shoes Nov. 7.

Mon, 17 Nov 2008 19:28:33 GMT

Holiday shoppers just getting started

Waiting is the name of the game this holiday shopping season, as a national survey reveals that 72 percent of consumers have completed less than 10 percent of their shopping, compared with 2.2 percent of shoppers who say they have finished.

Mon, 17 Nov 2008 19:28:16 GMT

Long Cove out as Homearama 2009 site

The Greater Cincinnati Home Builders Association will move its annual Homearama show from pricey Long Cove in Deerfield Township to a yet-to-be-decided location.

Mon, 17 Nov 2008 18:03:22 GMT

Lowe’s earnings drop 24%

Lowe’s Cos.' earnings fell 24.1 percent in the latest quarter, with the home-improvement retailer citing a slowdown in sales of big-ticket items. (LOW)

Mon, 17 Nov 2008 17:57:44 GMT

Real Estate Roundup: PetSmart leases space for stores at Cascade Station, Sunset Square

PetSmart Inc. leased space for two new locations in the Portland metro area.

Mon, 17 Nov 2008 05:00:00 GMT

Pittsburgh executives find ways to cope with stress on the job

Stress is an almost inevitable side effect of the business world, and local executives have devised a wide variety of strategies, both long- and short-term, to cope.

Mon, 17 Nov 2008 05:00:00 GMT

National economic crises slow Cranberry development

The economic downturn has already put the brakes on booming Cranberry Township in Butler County, but it remains to be seen how the market will hold up in the face of tight credit and a possible recession.

Mon, 17 Nov 2008 05:00:00 GMT

In the Spotlight: Andrea Johnston

Andrea Johnston, the new director of leasing and operations assistant with Capital District Properties LLC, has found what she calls the opportunity of a lifetime.

Mon, 17 Nov 2008 05:00:00 GMT

Branch makes move to apartments

The transformation of Chris Branch’s Boulevard Co. into an apartment development firm is officially under way.

Mon, 17 Nov 2008 05:00:00 GMT

Prince George’s proposal may add to project costs

If Prince George’s County Council Chairwoman Marilynn Bland and Councilman Tom Dernoga have persuaded a majority of their colleagues to follow them, it will be more expensive to build houses, townhouses and apartments in the county.

Mon, 17 Nov 2008 05:00:00 GMT

Montgomery County may create new kind of TDR

The Montgomery County Council will take up a proposal Nov. 18 to make significant changes to zoning that could affect Twinbrook, White Oak and, if light rail comes there, Germantown.

Mon, 17 Nov 2008 05:00:00 GMT

Department of Justice office still needs money

The rapidly rising Department of Justice office in NoMa at Constitution Square Two is still on the hunt for construction financing, but the developer — a joint venture between StonebridgeCarras LLC and Walton Street Capital LLC — got a breath of fresh air last month.

Mon, 17 Nov 2008 05:00:00 GMT

Patterson Park group burned by market

Where there were once dilapidated houses sit new rehabs filled with young people, their dogs and even kids. Patterson Park, the city’s so-called “backyard” hasn’t looked better in decades. And an upscale tapas restaurant now resides in what was once a vacant pharmacy on the northeast corner of the park.

Mon, 17 Nov 2008 05:00:00 GMT

‘This never happens’ doesn’t mean much to someone who has seen it all

My 17-year-old daughter and I were on the New Jersey Turnpike recently, heading north to visit some colleges, when our talk turned to the financial crisis.

Mon, 17 Nov 2008 05:00:00 GMT

Keith Miller