Foxtons shares slump 15% as London property slowdown hits profits

A recent sharp slowdown in the London property market has led to a profit warning from estate agency group Foxtons, sending its shares slumping more than 15%.

The company, known for its aggressive sales tactics and fleet of branded Mini cars, said third quarter turnover was down 3% to £39.3m as property sales commissions fell 7.8%.

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Atlanta Real Estate Forum Radio: Six Flags Fright Fest

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Photo courtesy of Six Flags Over Georgia

Both tricks and treats await visitors at Six Flags Fright Fest, today’s guest on Atlanta Real Estate Forum Radio’s Around Atlanta segment. As Halloween quickly approaches, Gary Petriello, the communications manager for Six Flags’ Atlanta properties, is on hand to discuss all of the attractions that can be enjoyed during Fright Fest.

During the Halloween season, visitors can enjoy thrills by day and frights by night at Six Flags Fright Fest. The Harvest Festival is perfect for children during the day, complete with a corn maze, pumpkin painting, arts and crafts and trick-or-treating. In ad

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Rising Tampa Bay apartment rents a good economic sign

Enlarge Photo Alexis Muellner

Crescent Bayshore sold in early October for $111.5 million.

Rising apartment rents in Tampa Bay are tracking right along with the rest of the nation’s major metros.

The effective annual rent growth for the entire MSA was 4.86 percent in September, just above the nationwide figure of 4.3 percent, according to data firm Axiometrics Inc.

Effective rent is the amount landlords collect after concessions, like free rent promotions, are accounted for. That dynamic in Tampa is validated by several recent sales — the $111.5 million sale of Crescent Bayshore and the $57 million sale of NoHo Flats, for example — and plans to develop more luxury high rises, which are expensive to build and demand higher rents to justify those costs.

“Generally, when landlords are comfortable pushing rents, they understand that the demand is there, and the economy is positive,” according to Axiometrics.

Within Tampa Bay, central St. Pet

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45 Acres Hunting by Nat’l Forest near White Cloud, Michigan

Hunting land in Northwest Michigan. Newaygo County. South of Brohman. Wild and forested. Stream runs through the property. Lots of wildlife surrounded by the National Forest. Two-track entrance off dirt road. Small rustic cabin in back of property. There are four feeding spots for the deer and a stream. The 45 acres has apple trees, pine trees, maple trees, oak and many other types of trees. The land has been marked by the county and has been surveyed. Acutually there is 3 sections bought separately that are conruit to each other. There are two 20 acre parcel and 1 10 acre parcel. Our family has not used this property in years. However, in the past 2 ten point deer and many 8 and 9 point deer have been taken from this property.

Call 231-898-4888 or 941-740-0651

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Boutique rental building in heart of Lincoln Park

CAPTIONS Rooftop lounge at Webster Square
The rooftop lounge at Webster Square apartments in Chicago

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The Tin Man from the “The Wonderful Wizard of Oz” stands guard across the street from the seven-story Webster Square apartment development in Chicago’s Lincoln Park neighborhood.

A boutique building with 75 units, Webster Square is the first residential phase of an adaptive reuse project that will include apartments, condominiums, eight row houses, retail and a 225-car parking garage at the corner of Lincoln and Webster avenues.

The apartments are the first residences on the site of the former Lincoln Park Hospital, previously known as Grant Hospital, which closed in 2008.

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Government should help with home building, says Treasury chief secretary

Danny Alexander says dramatic levels of house building would be guaranteed if the government took a direct role. Photograph: Murdo MacLeod

The government should play a direct role in building homes as a way of ensuring that an ambitious target of 300,000 new homes a year is achieved, the Treasury chief secretary, Danny Alexander, has said.

After the business secretary, Vince Cable, warned that George Osborne’s Right to Buy scheme has fuelled a deepening inequality between social classes and the generations on housing, Alexander called for a radical solution which would see the government acting as a “commissioner for housing”.

“It would be an unprecedented change in housing policy, guaranteeing levels of house building not seen since the post war era,” Alexander told the housing fringe meeting at the Lib Dem conference.

The intervention by the Treasury chief secretary came after Cable said that the chancellor’s Right to Buy scheme has inflicted enormous damage and done nothing to encourage the building of affordable homes. The busines

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