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July 09, 2009
Potential homebuyers cautious as layoffs rise
More than half of potential homebuyers say they’re still not prepared to jump into the market, and fear of losing their jobs is the No. 1 reason,...
Homes costing $750,000 or more tough to sell
Selling a high-priced home in the Richmond area has never been easy, but it’s become harder and taking longer. The number of buyers who can purchase...
July 06, 2009
Commercial Notes for July 6
BUSINESS
July 01, 2009
Construction spending falls more than expected in May
WASHINGTON—Construction spending fell more than expected in May, a sign the problems facing the nation’s builders are far from over. The Commerce...
June 30, 2009
Key index shows home prices moderating
NEW YORK—A key housing index shows a clear trend that home price declines are moderating. The Standard & Poor’s/Case-Shiller index released...
June 29, 2009
Commercial Notes for June 29
LEASES GVA Advantis reports the following leases: 7,005 square feet at 6208 Paragon Place in Richmond to Kinsale Capital Group. 6,500 square feet at...
June 24, 2009
May new home sales dip 0.6 percent
New U.S. home sales fell slightly last month, in another sign that the housing market’s recovery is likely to be gradual and prolonged.
June 23, 2009
May existing home sales rose by 2.4 percent
A real estate group says sales of previously occupied homes rose modestly from April to May, the third monthly increase this year, but signs of any housing...
June 22, 2009
Commercial Notes for June 22
SALES Marcus & Millichap Real Estate Investment Services reports the sale of the Colonial Ridge apartment complex at 15101 Lorimer Road in Colonial...
June 15, 2009
Commercial Notes for June 15
LEASES Thalhimer/Cushman & Wakefield reports the following leases: 26,610 square feet in East Shore III at 140 E. Shore Drive in Henrico County to...
June 03, 2009
U.S. pending home sales up 6.7% in April
The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, but there are...
June 02, 2009
Pending U.S. home sales rise 6.7 percent in April
The number of homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years, a sign that...
June 01, 2009
Genworth helping clients stave off foreclosure
Claims for its mortgage insurance are climbing, but so, too, are Genworth Financial Inc.‘s efforts to keep people from losing their homes.
Commercial Notes for June 1
LEASES CB Richard Ellis reports the following leases: 10,328 square feet at 111 Virginia St. in Richmond to PricewaterhouseCoopers LLC. 5,675 square...
May 28, 2009
April new home sales inch upward
WASHINGTON—New U.S. home sales were almost flat last month, indicating that the housing market’s recovery will likely be a slow and gradual...
May 27, 2009
April existing home sales rise 2.9 percent
WASHINGTON—A real estate group says sales of previously occupied homes rose modestly from March to April as buyers swooped in to take advantage of...
May 25, 2009
Commercial Notes for May 25
SALES Porter Realty Company Inc. reports the sale of 5,000 square feet at 10994 Leadbetter Road in Hanover County for $500,000 to Beadletter LLC. Kevin...
May 21, 2009
Landmark skyscrapers going cheap in distressed market
NEW YORK The 40-story skyscraper sits on a prime corner in the country’s wealthiest commercial market, steps from the Museum of Modern Art and a...
May 20, 2009
Housing slump could be near bottom
Single-family home construction posted a modest rebound in April, raising hopes that the three-year slide in housing is leveling off. But a bulging supply...
May 19, 2009
Housing construction drops 12.8 percent in April
WASHINGTON—Housing construction plunged to a record low in April as a steep drop in apartment building offset a rebound in single-family construction....
Optimism felt by homebuilders on the rise
Homebuilders are growing more optimistic about the state of housing and say they see signs that the end of the housing market’s three-year downward...
May 18, 2009
Foreclosed properties auctioned off at convention center in Richmond
About 400 people turned out for yesterday’s auction, conducted by Irvine, Calif.-based Real Estate Disposition Corp.
Commercial Notes for May 18
SALES Commonwealth Commercial Partners Inc. reports the sale of 7,800 square feet at 1100 Jefferson Green Circle in Chesterfield County for $2.3 million...
May 15, 2009
LandAmerica pensions to be fully funded
LandAmerica Financial Group Inc. and a federal agency that earlier this week moved to take over the bankrupt company’s pension program have agreed...
Government expands its mortgage-aid program
The Obama administration expanded its $50 billion mortgage-aid program yesterday, announcing new measures that would help homeowners avoid a foreclosure...
May 12, 2009
The ‘i-house’ is a giant leap from a trailer park
KNOXVILLE, Tenn. From its bamboo floors to its rooftop deck, Clayton Homes’ new industrial-chic “i-house” is about as far removed from...
May 11, 2009
Commercial Notes for May 11
SALES Thalhimer/Cushman & Wakefield reports the sale of approximately 800 acres on state Route 5 in Charles City County for $4.5 million to Kimages...
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