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Virginia Real Estate News
03/10/2010
Will Virginia Tea Party Politics Help or Hurt the GOP? (Time Magazine)
Virginia's Fifth Congressional District seems ripe for a Republican victory -- unless the conservative passion of the Tea Party movement trumps political pragmatism
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03/10/2010
In Virginia, Will Too Many Tea Party Candidates Spoil the Revolution? (Time.com via Yahoo! News)
Virginia's Fifth District seems ripe for a Republican victory -- unless conservative passion trumps political pragmatism
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03/09/2010
Siblings in Poland to Share W.Va. Priest's Estate (WSAZ NewsChannel 3 West Virginia)
The siblings of a millionaire priest in West Virginia who lived like a pauper will each receive about $150,000 from the man's estate.
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03/05/2010
A new real estate cost to watch for: Developer's private transfer fee (Washington Post)
How about this for a new and ingenious real estate money machine? Every time a house sells during the next 99 years, 1 percent of the price goes back to the original developer or is shared among investor partners. Ka-ching!
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03/10/2010
Healthcare Trust of America, Inc. Acquires a 53,169 Square Foot Medical Office Building Located in Jacksonville ... (redOrbit)
SCOTTSDALE, Ariz., March 10 /PRNewswire/ -- Healthcare Trust of America, Inc. ("HTA"), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a 53,169 square foot medical office building located in Jacksonville, Florida for $10,775,000.
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03/09/2010
Small crowd rallies at meeting to show disapproval of proposed hikes in real estate and property levies (The Northern Virginia Daily)
FRONT ROYAL -- Members of Front Royal Tea Party Central were greatly outnumbered and outflanked prior to Monday night's Town Council meeting.
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03/09/2010
House Hunting in ... England (New York Times)
Surrey, a county to the southwest of London, suffered a real estate setback in 2008, after years of steady price increases.
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03/10/2010
Virginia now participating in tax levy program (WSLS Newschannel 10 Roanoke)
Any money you owe to the state, local or federal government will be automatically deducted from your state refund.
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03/10/2010
Online Assessment Appeals Begin Monday (Leesburg Today)
Loudoun homeowners will have the ability to file appeals of their 2010 real estate assessments online beginning Monday, March 8. Online appeals will be accepted through June 1.
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03/08/2010
Business Lobbyists Push to Revive Estate Tax They Tried to Kill (Bloomberg)
March 8 (Bloomberg) -- Lobbyists for small businesses, construction companies, manufacturers and other trade groups are racing the clock to convince Congress to reinstate the federal estate tax they’ve fought for years to abolish.
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U.S. Real Estate News
03/10/2010
Citigroup (C) to Sell Real Estate Division (HispanicBusiness.com)
U.S. financial conglomerate Citigroup Inc (NYSE:C) has agreed to sells its real estate division, City Property Investors, to the US-based private equity investor Apollo Management LP, according to reports Wednesday.
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03/09/2010
China Real Estate 4Q profit surges on heels of IPO (AP via Yahoo! Finance)
China Real Estate Information Corp., whose U.S.-traded shares debuted in October, said Tuesday that its fourth-quarter profit rose six-fold on rising demand for its database and consulting services and the big acquisition late last year.
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03/09/2010
Is commercial real estate the next shoe to drop? (The Daily Record)
For more than a year, economists and market-watchers have been wondering out loud whether commercial real estate is the “next shoe to drop” in the country’s ongoing economic crisis. Last month, a Congressional Oversight Panel made the issue an official worry of the U.S. government by publishing a report titled, “Commercial Real Estate Losses and [...]
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03/10/2010
Real Estate's Link to the Small Business Credit Crunch (BusinessWeek via Yahoo! News)
It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares ...
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03/08/2010
Prudential Real Estate and Relocation Services Launches Industry's First Research and Development Laboratory ... (Business Wire via Yahoo! Finance)
AUSTIN, Texas----Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company, one of the largest networks of real estate brokers in the U.S., announced at its annual convention today the launch of the real estate industry’s first research and development laboratory exclusively focused on building a new generation of tools for real estate professionals.
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03/03/2010
U.S. Stocks Trim Gain as Fed Says Real Estate, Loan Demand Weak (Bloomberg)
March 3 (Bloomberg) -- U.S. stocks trimmed gains after the Federal Reserve said commercial real estate and loan demand remained weak in January and February and labor markets were still “soft.”
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03/10/2010
UW-Madison organizes new global real estate program (Wisconsin State Journal)
UW-Madison is partnering with some of the world’s leading business schools to create a first-of-its-kind graduate degree in global real estate.
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03/10/2010
U.S. MBA Mortgage Applications Index Rose 0.5% Last Week (Bloomberg)
March 10 (Bloomberg) -- Mortgage applications in the U.S. rose for a second week, led by an increase in purchases that may indicate the renewal of a homebuyer tax credit is starting to invigorate demand.
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03/10/2010
U.S. stocks up on M&A activity, currencies mixed (Reuters via Yahoo! Canada News)
Global stocks rose modestly on Wednesday with U.S. shares edging higher on merger and acquisition announcements, while in the currency markets the British pound weakened after disappointing industrial production data.
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03/10/2010
Fitch Downgrades Resource Real Estate Funding CDO 2006-1; Assigns Outlooks, LS & RR Ratings (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has downgraded all classes of Resource Real Estate Funding CDO 2006-1 Ltd. /LLC reflecting Fitch's base case loss expectation of 48%. Fitch's performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines.
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