| Crescent Real Estate Equities Company
Crescent Real Estate Equities Company (NYSE: CEI) is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 71 premier office buildings totaling 28 million square feet located in select markets across the United States with major concentrations in Dallas, Houston, Austin, Denver, Miami, and Las Vegas. Crescent also strategically invests in resort-residential developments in locations such as Scottsdale, AZ, Vail Valley, CO, and Lake Tahoe, CA; in destination resorts such as Fairmont Sonoma Mission Inn® in Sonoma, CA; and in the wellness lifestyle leader, Canyon Ranch®. Crescent Real Estate Equities Company: CSR News, Events and Reports .
SOUTHERN NEVADA ECONOMY: Indicators plummet to '07 low Economist who ...
The downturn in Las Vegas' real estate market, combined with a 5.4 percent decline in gaming revenue for August, dragged the Southern Nevada Index of Leading Economic Indicators to its lowest level of the year. The October index, based on August data, dropped to 132.67, with six of the 10 series contributing negatively. Its down from 133.46 in September, but remains slightly higher than a year ago. The index has relinquished its gain from the beginning of the year, when it stood at 132.98. "The Las Vegas economy in August performed at less than a stellar rate," economist Keith Schwer of the Center for Business and Economic Research said. The index, compiled by the research center at University of Nevada, Las Vegas, is a six-month economic forecast from the month of the data, based on a net-weighted average of each series after adjustment for seasonal variation.
World-Renowned Brand, The Plaza, Celebrates Its Entry Into the Las ...
LAS VEGAS, Nov. 13 /PRNewswire/ -- The Plaza, a brand known throughout the world for luxurious elegance and beauty, begins the entry into the Las Vegas gaming and hospitality market with the implosion of the Frontier Hotel & Casino. New York-based ELAD Group and Israel-based IDB Group have partnered on this venture and jointly will be known as ELAD IDB Las Vegas, LLC. The multi-billion-dollar project will be the first of its kind in Las Vegas. For the company, it will be the first of many gaming ventures. Once completed, The Plaza is set to be the second largest private real estate development in the world. http://www.newscom.com/cgi-bin/prnh/20071113/LATU130-b) "We are excited to bring The Plaza to Las Vegas," said Isaac Tshuva, Owner of ELAD Group and The Plaza in New York.
Foreclosure Rates Mean Bad News For Valley Sellers
They're also making it tougher for other sellers who were hoping to make a profit selling their home. You can usually buy foreclosed homes for less than a regular house for sale. That's good news for the buyer, but bad news for sellers trying to compete with bank prices. Eyewitness News looked at a five bedroom home in northwest Las Vegas that has never been lived in. It was supposed to be a big help for Kathy and Michael Lowry. In their eyes, buying the home was an opportunity they couldn't pass up. Michael Lowry said, "Biggest real estate boom in the history of the United States, we couldn't go wrong. We needed to send our kids through college and we thought it was a great deal." But their plan to quickly re-sell for profit was shattered.
AMB Property Corporation(R) to Present at NAREIT's Annual Convention
SAN FRANCISCO, Nov. 14 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB) , a leading developer and owner of industrial real estate, today announced that Hamid R. Moghadam, the company's chairman and CEO, is scheduled to make an appearance at the National Association of Real Estate Investment Trust's Annual Convention being held at the Bellagio Hotel in Las Vegas, Nevada. Mr. Moghadam will participate in a panel titled, "The Global Real Estate Investment Proposition - The Americas." This session will take place on Thursday, November 15, 2007 at 9:00 AM PST. The panel session will be broadcast via audio-webcast and can be accessed in the Investor Relations section of the company's website at http://www.amb.com. The webcast replay will be available until 5:00 PM PST on Thursday, November 29, 2007.
Word watch
They're generally radio talk-show hosts or bloggers. Crafty lot, that crowd. In baseball, pitchers throw a pitch that is a slow-moving curveball; it is said to "hang" over the plate like ripe fruit -- available to the batter to hit wherever and however far he likes. The hanging "here" is like that: the end of a long sentence that sets it up, and it just hangs there. The listener can do anything with it. Fox News personality Sean Hannity is the king of the hanging "here." He uses it when he's tired of the sentence he's saying, wants to end it, and can't comfortably end it without leaving a "thud" on the radio. So he ends the sentence by saying "here" instead. "Between Sen. Obama and Sen. Clinton," he said yesterday, "there's some real animosity here." Keeping track during a half hour of Hannity's program the other day, I counted seven hanging "heres." But Mr.
Financial woes beset Cascades
In a recorded message to its vendors, the Fort Lauderdale-based company said it, like other home builders, was "struggling to navigate" a national housing market experiencing its most difficult conditions in 25 years. Despite changing its billing cycles to meet vendor payments by Oct. 10 and continuing bank negotiations, Levitt said it could not pay its open vendor contracts and operational costs. "We recommend you discontinue all work with Levitt and Sons," the recording said, adding that the company's decision is "entirely market driven, not a reflection of your performance." It's unclear how many vendors and employees in Northeast Florida will be affected because a call to Levitt and Sons was not returned. Parent company Levitt Corporation issued a statement Thursday that its third quarter will see pretax charges of about $160 million to $170 million related to its subsidiary, Levitt and Sons.
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