Houston Makes Top 5 as Boom Lures Foreigners: Real Estate

Houston Makes Top 5 as Boom Lures Foreigners: Real Estate
By Dan Levy - Mar 26, 2013

International real estate investors are falling in love with Houston, a fast-expanding energy hub that’s luring buyers from Toronto to Tel Aviv seeking properties with lower costs and higher returns than buildings in the priciest U.S. cities.

Firms from outside the U.S. acquired $2.83 billion of Houston (OFCRAHOU) office buildings in the past three years, according to Real Capital Analytics Inc. They were the largest net buyers of any investor class, spending four times more than U.S. real estate investment trusts, which ranked second. Last year, Houston for the first time was among the top five global cities in an annual survey by the Association of Foreign Investors in Real Estate that dates back to 1994.

http://www.bloomberg.com/news/2013-03-26/houston-makes-top-5-as-boom-lures-foreigners-real-estate.html

Bloomberg: Commercial Real Estate Deals Decline in Cooling of U.S. Property Rebound

Commercial Real Estate Deals Decline in Cooling of U.S. Property Rebound
By David M. Levitt, Hui-yong Yu and Dan Levy - 2011.10.19 09:01 PM

The U.S. commercial real estate market has slowed in the past three months as the sputtering economy and a pullback in debt financing limited deals, cooling a recovery from Washington to California.

Bloomberg: Bank Delays May Push 1 Million U.S. Foreclosure Filings to 2012

Related News: Bloomberg, Finance, Real Estate, US, Personal Finance

Bank Delays May Push 1 Million U.S. Foreclosure Filings to 2012
By Dan Levy - Jul 14, 2011 1:00 PM GMT+0900

Lender delays in processing home- loan defaults will push as many as 1 million U.S. foreclosure filings from this year to 2012 or beyond, casting an “ominous shadow” on the housing market, according to RealtyTrac Inc.