January 23, 2012
If you’re searching for an active adult community with the scenic charm of the North Georgia mountains, Del Webb has the perfect opportunity for you at Village at Deaton Creek in Hoschton, Ga.
We are unveiling the final phase on Jan. 28 during our VIP Grand Opening from 3 p.m. to 5 p.m. You’re invited to visit the community and select your favorite homesite before this phase is released to the public. Enjoy live music, refreshments and light fare.
The Bordeaux is our last phase and features our premium Vista homesites. This new section has cul-de-sacs, wooded views and large, private lots. Come
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January 20, 2012
Consumers in the U.S. continue to pay down credit card debt and make credit card payments on time, Equifax said in a recent report.
According to Equifaxs latest National Credit Trends Report, U.S. credit card users have made steady improvement in the last 18 months. All told, 2011 say credit card write-offs by banks tumble 39 percent year-over-year.
Declining write-offs, growing card originations and the stabilizing of card balances are a precursor to balance increases, which can help to return the banks to profitability in this lending sector, Michael Koukounas, Senior Vice President of Special Client Services for Equifax, said in a statement.
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January 19, 2012
LARGO – The Ross Realty Group, Inc., announced the sale of the 6,000sf auto/retail building at 1801 South Belcher Road in Largo. The building is next to the Largo Soccer Complex just north of Ulmerton Road and East Bay Drive.
The building was purchased for $300,000 ($50 psf). Frank Boullosa and Elliott Ross, CCIM, of The Ross Realty Group, Inc., represented the seller in this transaction, Quality Properties Asset Management Company. Don Russell of Russell Real Estate represented the buyer.
January 17, 2012
Dar Al Arkan’s Q4 net profits fell 12.3 percent on lower land and residential sales
Saudi Arabian real estate company Dar Al Arkan said on Wednesday its fourth quarter net profit fell 12.3 percent on the year due to lower land and residential sales.
The kingdom’s largest listed developer said its profit for the final three months of 2011 was SR289.6m ($77.22m), compared with SR330.4m in the same period in 2010.
The result beat analyst expectations, with Global Investment House forecasting it would earn SR264m and SICO Bahrain pencilling in SR277m for the fourth quarter.
In a statement posted on the website of the Saudi bourse, Dar Al Arkan said the fall in revenue from the last quarter of 2011 was due to “lower land sales as the company sought to enhance gross margins and lower residential sales due to lower available completed units.”
The company’s net profit rose by 27.3 percent from its third quarter net earnings, the company said, attributing the rise to higher land demand.
Earnings per share over the year were 1.01 riyals, compared to 1.35 riyals in 2010.
6.85 
0.3 4.58 (%) Enlarge graph
January 15, 2012
Izzy’s Ice Cream, which wants to build a factory by the Mississippi River near downtown Minneapolis, got the endorsement of the City Council’s development committee on Tuesday.
The plan, which would move the company’s factory from St. Paul, has drawn some criticism. The Star Tribune reports that the committee received an anti-Izzy’s petition from residents of nearby condos who say it’ll be a nuisance.
Also, a residential developer says it might not build a new condo building nearby.
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January 12, 2012
Most general contractors, called GCs, don’t pound nails or wire outlets. Carpenters, electricians, plumbers and other subcontractors take care of that. The GC takes care of everything else and reaps a healthy share of the profits. That’s the part that tempts DIYers to manage remodeling jobs themselves.
New construction might be challenging taking empty space from excavation to finishing. But even big remodeling projects can seem doable because the space is already defined. Some DIY skills will help, of course. But planning and common sense could get you through. Read full post…
January 6, 2012
More houses were put up for sale in December 2011, but “unrealistic” asking prices are expected to hinder transactions, according to the Royal Institution of Chartered Surveyors.
The number of new instructions edged higher for the third month in a row, Rics said, suggesting more sellers were coming on to the market in time for the new year.
London saw the biggest increase in supply, with new instructions rising to their highest level since January 2005.
But despite a slight increase in buyer inquiries, surveyors’ expectations for future sales dipped from November and are now flat as a result of the “unrealistic price expectations” of some vendors.
The survey also suggested that house prices continued to fall in December, but at the slowest rate since June 2010.
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