| Housing Bubble and Real Estate Market Tracker
Judy Weil submits: Here's our summary of articles and data points on the housing market. It's part of Seeking Alpha's coverage of the real estate market and homebuilder stocks. Like all other topics and stock coverage from Seeking Alpha, you can get this sent to your Blackberry or desktop email by signing up for our no-spam free email subscription service. Quote of the Day- "From the House's Mouth" "Frankly, we've seen macroeconomic headwinds, including higher energy prices, slower housing sales, impact of the volatility in subprime lending rates and declining consumer confidence that we believe -- in combination with our internal changes -- will contribute to a significant loss in the first half." - Circuit City CEO Phil Schoonover. (Circuit City F4Q07 (Qtr End 2/28/07) Earnings Call Transcript in Seeking Alpha, Apr.
Apartment Management Firms Get Larger While Apartment Owners Slim ...
WASHINGTON, April 5 /PRNewswire-USNewswire/ -- Concentration in the management sector of the apartment industry changed dramatically in 2006, according to the National Multi Housing Council's (NMHC) 18th annual ranking of the top 50 apartment owners and top 50 apartment managers. The NMHC 50 rankings have long been used to measure concentration in the apartment industry, but over the past 10 years, most of the concentration documented has been among apartment owners. That changed last year with the emergence of a growing number of medium-to-large firms among the nation's apartment managers. The share of apartments managed by the top 50 management firms rose by a record 8.3 percent to 2.6 million units. The top 50 apartment management firms now oversee 14.7 percent of the nation's 17.6 million apartments.
EastGroup Properties Acquires Denver, Colorado Building for $4.1 ...
JACKSON, Miss., March 15 /PRNewswire-FirstCall/ -- EastGroup Properties today announced the acquisition of Centennial Park Distribution Center in Denver, Colorado for $4.1 million. The building, which was built in 1990, contains 68,000 square feet and is located near Centennial Airport in southeast Denver. The business distribution property is currently vacant, and EastGroup plans to redevelop it as a multi-tenant facility. It is projected to generate a 9% stabilized cash yield at 100% occupancy. (Logo: http://www.newscom.com/cgi-bin/prnh/20030519/EGPLOGO ) David H. Hoster II, President and CEO stated, "The Centennial Park building is .
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