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North America Real Estate, Homebuilder & Gaming - Industry News
Best of the Web
October 30, 2009 3:47 PM ET
By Tom Yeatts
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About The Press Pass
A forum for spotlighting and commenting on the interesting, relevant and/or just plain weird coverage of SNL's sectors elsewhere in the media.

The "Best of the Web" Press Pass rounds up some of the more noteworthy recent coverage we've encountered on issues impacting our sectors. Please note that some links may require a subscription.

Read something interesting? Please let us know.

* Stuy Town's Columbus: How a Lawyer Rediscovered an Arcane Rent Rule and Shook New York

The New York Observer took a look at the recent ruling in New York that "rocked the real estate industry."

* City of Big Shoulders Is Tops for Seniors Housing Development, But Will that Weigh it Down?

Senior-housing developers love Chicago for its large population and its high proportion of seniors, but their appetites may be unhealthy, National Real Estate Investor said.

"Though certain submarkets may still hold development opportunities, on balance the Chicago area is exhibiting signs of oversupply," the publication said.

* Casinos saving face online

A disgruntled diner at an MGM Mirage venue's restaurant recently posted his complaints online and got a personal call from the property's concierge, who offered to fix the problem, according to the Las Vegas Sun. In this article, the newspaper takes a look at ways in which casinos and resorts are taking advantage of social networking sites to minimize damage from customer dissatisfaction and attract customers.

* Why Homeowners Are Raising the Roof

Homeowners who held off on making major home improvements during the boom years are now seeing deep discounts — as much as 20% — on the same projects, according to The Wall Street Journal.

"Many contractors are willing to accept smaller jobs and 'handyman' projects that they used to snub. And more projects are being delivered on time and on budget — a stark contrast from the boom years," the Journal said.

* REITs For The Long Run

Forbes conducted a Q&A with real estate investor Martin Cohen, who offered thoughts on the current state of the REIT industry, as well as advice on REIT stocks, including Vornado Realty Trust, AvalonBay Communities Inc., Boston Properties Inc. and Simon Property Group Inc.



 

 


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