Florida Virtual Houses

Housing starts were bad in September, but just wait until October’s data is released

Continue Reading Add comment October 17th, 2008

Housing starts dropped 6.3% in September to a seasonally adjusted annual rate of 817,000 — the second lowest level of all time just behind the rate in September 1991, the Commerce Department said today.

October could be the record-breaking month because that’s when the Wall Street meltdown really got going. Expect the October report to show a severe drop in home starts.

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181-Room Seattle-Area Red Lion Hotel Refinanced for $14M

Continue Reading Add comment October 17th, 2008

Red Lion Hotels Corp. has just wrapped up a financing deal for Red Lion Bellevue, its 181-room hotel in Bellevue, Wash., less than 10 miles from downtown Seattle. Read more »

$45M Financing Deal in Place for Suburban L.A. Mixed-Use

Continue Reading Add comment October 17th, 2008

Originally conceived five years ago, a mixed-use project located 20 miles northwest of downtown Los Angeles in Encino gets a boost with the closing of a $45 million construction-permanent financing deal orchestrated by Newmark Realty Capital Inc. on behalf of one of its servicing correspondents. Read more »