| 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 .
Renaissance Square sold in a $270.9 million deal
A Houston-based real-estate firm has bought Renaissance Square, a downtown Phoenix landmark. The selling price was $270.9 million according to a U.S. Securities and Exchange Commission filing, making it the most expensive deal for a Valley office complex in more than a year.
Renaissance Square features two high-rise buildings with a total 965,508 square feet that are situated on a city block between Central Avenue and First Avenue.
The complex was bought by a subsidiary of Hines U.S. Core Office Fund, a limited partnership operated by real-estate firm Hines. A joint venture of Pauls Corp. and GE Asset Management sold the property.
Renaissance Square is 95 percent leased to tenants that include legal and accounting firms.
The Renaissance Square transaction eclipses the $176.8 million sale of Collier Center at 201 E.
Sales Begin This Week For The Residences at The Ritz-Carlton, Rancho ...
RANCHO MIRAGE, Calif., Jan. 28 /PRNewswire/ -- Strong sales interest continues at The Ritz-Carlton, Rancho Mirage's $500 million resort development this week with The Residences now available as the second whole ownership real estate component at the sophisticated new desert retreat. The Residences are one of three whole ownership options, with a total of 130 luxuriously appointed villas available in studios, one-, two-, three- and four-bedroom units offering a choice of 16 floor plans, ranging in price from $895,000 to $7 million. Sales at the development began in November 2007 with the Spa Suites. The final real estate option, The Residential Suites, will be available for sale beginning in mid-February. The Spa Suites are scheduled for completion in November 2008, and The Residences and The Residential Suites will be completed in several phases with final completion scheduled for spring 2010.
We can dream a new dream
SmartCode and New Urbanism aren't all that new. The idea goes back to the America of the 1950s and '60s, when many of us walked to school (uphill, both ways, as the story goes). We needed only one car, because Dad walked to work. My grandparents lived in a spacious apartment over the newspaper office, what the New Urbanists call "live-work" mixed use. We kids walked to the movies, the skating rink or wherever we wanted to go. The D'Iberville meeting was the start of the six-month process of creating a comprehensive plan with a mix of SmartCode and traditional zoning. Through the partnership of residents, city officials and professional planners, the hope is to build a pedestrian downtown that will transform D'Iberville. The city doesn't have a downtown, so they will create one, along with a variety of housing.
The Dave Campo Corollary
Just a perfect example of how you don't need 25 cuts and crazy camera angles to make a fight scene work. My favorite part is when the preppie goes, "What do you want, (bleep)-o? You want some?" and immediately takes a pistol to the temple. That always kills me. C. Maybe we need Rob Neyer for an official verdict, but I'm willing to bet that the "Bad wigs to characters" ratio in "Goodfellas" blows away any other movie in the history of cinema. D. The scene when the Lufthansa heist bodies start popping up, accompanied by the extended piano part of "Layla" by Clapton. That was one of those songs where, for years and years, you knew that piano piece would make for a dynamite movie scene ... and then Scorsese nails it. And yes, I felt the same way about "Old School" and "Dust in the Wind." All right, where was I? 28.
Subprime crisis draws FBI scrutiny as Fed meets
Reckless, careless, and sometimes unscrupulous actors in the mortgage lending industry essentially allowed loans to be made that they knew hard-working, law-abiding borrowers would not be able to repay," said the former presidential candidate. He accused the Federal Reserve and the Bush administration of doing "absolutely nothing" to stop these practices. The subprime crisis began after the housing price bubble burst months ago and left millions of U.S. homeowners with bad credit holding high-interest rate mortgages they could no longer afford. Many are now losing their homes. Sales of new homes have plummeted and builders are slashing home prices. MAJOR BANKS EYED Switzerland's banking regulator said last month it would probe major subprime losses at Swiss bank UBS AG, while Merrill Lynch disclosed in November that the SEC was investigating matters related to its subprime business.
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