Strong interest seen in former River Park site now up for sale | Business

An agents who has the listing for the River Park property near Hollywood Casino said Thursday he is in active discussions with five or six parties who are interested in the 23.5-acre site along the Mississippi River formerly proposed for a mixed-use development.

“The interest level is strong,” said Gordon McLeod with The McEnery Co., a New Orleans firm.

In September, 19th Judicial District Court Judge Janice Clark ruled against River Park developer Pete Clements in a four-year-long battle first brought against him by First NBC Bank. Girod LoanCo took over the battle after the failure of First NBC. Clark ruled that Clements owed the lender more than $19 million in principal and interest payments, stemming from a 2008 loan he took out on the property.

Bank trying to force River Park Development into bankruptcy

Clements spent years and millions of dollars trying to develop the tract next to Hollywood

Read More

Vietnam evacuating low-lying areas as strong typhoon nears

HANOI, Vietnam – Vietnam scrambled Tuesday to evacuate more than a million people in its central lowlands as a strong typhoon approached while some regions are still dealing with the aftermath of recent killer floods, state media said.

Typhoon Molave is forecast to slam into Vietnam’s south central coast with sustained winds of up to 135 kilometres (84 miles) per hour on Wednesday morning, according to the official Vietnam News Agency. The typhoon left at least 3 people dead and 13 missing and displaced more than 120,000 villagers in the Philippines before blowing toward Vietnam.

Prime Minister Nguyen Xuan Phuc ordered provincial authorities late Monday to prepare to evacuate about 1.3 million people in regions lying on the typhoon’s path.

“We must keep our guard up to protect the lives of the people. That is the utmost important task to get people to safe places,” Phuc was quoted as saying

Read More

September new home sales fall 3.5%, after strong summer season

CHARLOTTE, N.C. — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market’s summer buying season came to a close.

The Commerce Department said Monday that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the housing market remains strong despite the pandemic.

EXISTING-HOME SALES SOAR 9.4% IN SEPTEMBER, MARKING FOURTH CONSECUTIVE MONTH OF GROWTH

The housing market, like most of the economy, came to a near standstill in March and in April, causing the typical spring summer buying season to be delayed until the summer.

LUXURY REAL ESTATE SALES CONTINUE TO SURGE DURING PANDEMIC

Once economies reopened, pent up

Read More

Sept. new home sales fall 3.5%, after strong summer season

CHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market’s hot summer buying season cooled.



Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units. The Commerce Department said Monday, Oct. 26, 2020, that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the housing market remains strong despite the pandemic. (AP Photo/Keith Srakocic)


© Provided by Associated Press
Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units. The Commerce Department said Monday, Oct. 26, 2020, that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the housing market remains strong despite the pandemic. (AP Photo/Keith Srakocic)

The Commerce Department said Monday that despite the modest decrease, sales of new homes are up 32.1% from a year earlier. However, the pandemic may start to weigh on the market as

Read More

September new-home sales fall 3.5% after strong summer season

CHARLOTTE, N.C. — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market’s hot summer buying season cooled.

The Commerce Department said Monday that despite the modest decrease, sales of new homes are up 32.1% from a year earlier. However, the pandemic may start to weigh on the market as the colder winter months arrive and with coronavirus cases spiking across much of the U.S.

“While strong demand and low mortgage rates are supportive of home sales, the resurgence in Covid-19 cases, a recovery that may be shifting into reverse and a weak labor market pose downside risks,” said Nancy Vanden Houten with Oxford Economics, in an email.

The housing market, like most of the economy, came to a near standstill in March and in April, causing the typical spring summer buying season

Read More

Home Sales Are Still Going Strong. Why Housing Stocks Tumbled Anyway.

Text size

Many of the real estate sector’s stocks soared to new heights over the summer and early fall as the residential real estate market bounced back from a coronavirus-induced lull in early spring.


David Paul Morris/Bloomberg

Solid earnings and indications of ongoing demand were not enough to buoy home builder stocks Thursday, which continued declines that started Wednesday.

The

SPDR S&P Homebuilders

ETF (ticker: XHB), which tracks builders and related industries, was down 0.9% at the close, while large builders like D.R. Horton (DHI), Lennar (LEN), and PulteGroup (PHM) were down 3.5%, 4.4% and 5.7%, respectively. On a weekly basis, the three builders are down 8.4%, 9.6%, and 10.7%, respectively.

Many of the sector’s stocks soared to new heights over the summer and early fall as the residential real estate market bounced back from a coronavirus-induced lull in early spring. With mortgage rates near historic lows, supply tight, and

Read More

Pinellas must make strong bid for 44-acre Gladys Douglas property

The 44 wooded acres near Dunedin would be a rare chance to create a substantial new park in a mostly built-out county. So people were incensed when a developer got control of the privately owned tract. But now the property is back on the market, and local government officials have first crack at making an offer. Without breaking the bank, now is the time to get creative and come up with a competitive bid. This gem should not get away without a fight.

The story begins with Gladys Douglas’ dream. A local philanthropist who died last year at the age of 95, Douglas wanted to create a large public park by linking the 44 acres she owned to an adjacent 55-acre lake she had sold to the state many years earlier. The property offered unusual ecosystems, including 16 acres of sand pine rosemary scrub soil, 99 percent of which has

Read More

Buy Sunworks Stock for Its Strong Sales, Not As an EV Wager

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

California-based micro-cap solar company Sunworks (NASDAQ:SUNW) is a “hot” topic of discussion (no pun intended) in the lead-up to the November election. Some traders anticipate that former Vice President Joe Biden, if he ends up in the White House, would back the U.S. solar industry and that could give a big boost to SUNW stock.

Source: Diyana Dimitrova / Shutterstock.com

And indeed, it is true that Biden signaled his intention to spend $2 trillion over a four-year period on clean-energy projects. Moreover, Biden seeks to eliminate the carbon pollution emitted by power plants by the year 2035.

There’s no way to know ahead of time which candidate will win the presidential election. Therefore, I wouldn’t recommend taking a large position in SUNW stock based on the possibility that Biden would spend money on solar projects.

Instead, investors

Read More

United Country Real Estate Experiences Strong Growth in Montana

Butte, Mont., Oct. 14, 2020 (GLOBE NEWSWIRE) — United Country Real Estate, the largest seller of country, mountain, land, ranch and lifestyle real estate, is experiencing dramatic growth in Montana as demand for property outside the city continues to soar across the country. Over the last three months, the company has experienced three record-breaking sales months in its 95 year history. 

States like Montana, which offers less noise and congestion, a lower cost of living and more, are seeing tremendous interest from both local and out-of-state buyers looking for country homes, vacation homes, ranchland, recreational property, waterfront homes and other non-urban real estate. Montana offers a unique range of all of these highly desired property types.

Newspapers in Montana are reporting some areas seeing huge increases in real estate sales this year, with the Big Sky area reporting over $1 billion in real estate sales during the summer months alone.

Read More

3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield

There’s so much going on in the markets, that it’s hard to know where to start and what to look for. On the red side of the ledger, it’s clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying that President Trump’s proposal does not go far enough. The House Dems are pushing their own $2.2 trillion stimulus. At the same time, both Eli Lilly and Johnson & Johnson have paused their coronavirus vaccine programs, after the latter company reported an “adverse event” in early trials. This has more than just investors worried, as most hopes for a ‘return to normal’ hang on development of a working vaccine for the novel virus.

And earnings season is kicking off. Over the next several weeks, we’ll see Q3 results from every publicly traded company, and investors

Read More