Omega Healthcare FFO, earnings rise
BY: Daily Record Staff
POSTED: February 7, 2012
Tags: earnings, estimates, FFO, funds from operations, long-term care facilities, omega healthcare investors, Real Estate, thomson reuters
Omega Healthcare Investors Inc., of Hunt Valley, a real estate investment trust that invests in long-term care facilities, reported its fourth-quarter funds from operations, or FFO, available to common stockholders rose to $46.3 million or 45 cents per diluted share, on revenue of $76.3 million, compared to FFO of $28.4 million or 29 cents per [...]
Downtown Baltimore’s Holiday Inn changes hands
BY: Daily Record Staff
POSTED: February 7, 2012
Tags: baltimore convention center, downtown baltimore, holiday inn baltimore inner harbor, Inner Harbor, m&t bank center, national aquarium, procaccianti, providence, Real Estate
The Procaccianti Group, a Providence, R.I.-based, privately held, real estate investment and management company, announced that it has completed the acquisition of the Holiday Inn Baltimore Inner Harbor.
The 365-room hotel at 301 W. Lombard St. is close to the Inner Harbor, the National Aquarium, downtown business district, the Baltimore Convention Center, professional baseball and football [...]
COPT sells 5 White Marsh office buildings
BY: Daily Record Staff
POSTED: February 2, 2012
Tags: buildings, Corporate Office Properties Trust, honeygo boulevard, Real Estate, real estate investment trust, sale, white marsh
Corporate Office Properties Trust, of Columbia, announced it sold five buildings in the White Marsh area for $19.2 million. The buildings contain approximately 163,000 square feet of space and were 83.2 percent leased as of Dec. 31, 2011.
The properties are at 7930 Honeygo Blvd; 8133 Perry Hall Blvd.; 7923 Honeygo Blvd.; 8114 Sandpiper Circle; and [...]
Obama proposes broader housing refinance plan
BY: Associated Press
POSTED: February 1, 2012
Tags: administration, Congress, fannie mae, Foreclosures, freddie mac, housing, mitt romney, mortgage, plan, president barack obama, president obama, Real Estate, refinance, united states
FALLS CHURCH, Va. — President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration’s housing plans so far have not lived up [...]
Foreclosures take smaller slice of sales
BY: Associated Press
POSTED: January 26, 2012
Tags: Foreclosures, homebuyers, housing, market, mortgage, Real Estate, RealtyTrac Inc., sales
LOS ANGELES — Foreclosures made up a smaller slice of all U.S. homes sold in last year’s third quarter, as banks delayed placing properties for sale and home sales slowed.
Despite the decline, foreclosures still represented 20 percent of all homes sold in the July-September period — about four times more than at the height of [...]
Cap plan alarms Maryland real estate agents
BY: Associated Press
POSTED: January 25, 2012
Tags: agents, General Assembly, gov. martin o'malley, maryland, Maryland Association of Realtors, Real Estate, Save Maryland's Interest Deduction, State Comptroller Peter Franchot, taxpayers
Comments: 2
ANNAPOLIS — Maryland real estate agents expressed alarm Wednesday at Gov. Martin O’Malley’s proposal to cap state income tax deductions for people who make more than $100,000, a change that would have a big impact on mortgage interest deductions.
Patricia Terrill, president of the Maryland Association of Realtors, said the proposal was just about the only [...]
Sales contracts for homes dip from 19-month high
BY: Associated Press
POSTED: January 25, 2012
Tags: americans, buyers, contracts, home contracts, homeowners, National Association of Realtors, Real Estate, sales contracts, washington
WASHINGTON — The number of Americans who signed contracts to buy homes fell in December after hitting the highest level in a year and a half a month earlier.
The National Association of Realtors said Wednesday its index of sales agreements fell 3.5 percent last month to a reading of 96.6. That’s [...]
Robert Nusgart: It could be the best time ever to buy a house 
BY: Robert Nusgart
POSTED: January 22, 2012
Tags: house, market, purchase, Real Estate, rental, Robert Nusgart
So the question is: Rent or buy?
That question would have been scoffed at back in the mid-2000s. Buy, of course. With 100 percent financing easily available, a menu of reduced documentation programs at hand and liberal credit score requirements in place, the American Dream was easily attainable. You bought even if you couldn’t truly afford [...]
Realities of Real Estate: Ruling on lead paint law rocks the rental market
BY: Bob and Donna McWilliams
POSTED: January 20, 2012
Tags: Baltimore, Court of Appeals, General Assembly, housing, lead paint, market, maryland, maryland department of the environment, poisoning, Real Estate, realities of real estate, ruling, verdict
When anyone purchases or rents a place to live; above all, they want it to be safe.
Our home is our refuge, and it’s important to be aware of anything that could challenge our security or sense of well-being. Those challenges can come in many forms.
The presence of high crime might be the first thing that [...]
JPMorgan’s profit falls 23 percent in 4Q
BY: Associated Press
POSTED: January 13, 2012
Tags: Bank of America, citigroup, earnings, goldman sachs group, jamie dimon, JPMorgan Chase, lawsuits, mortgages, new york, Real Estate
NEW YORK — In a sign that banks will continue to be punished for past mistakes, JPMorgan Chase set aside a large sum to fight lawsuits related to poorly-written mortgages during the real estate boom.
The reserves hurt the bank’s income, which fell 23 percent in the fourth quarter of 2011. The New York bank reported [...]
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