Real Estate Newsletter
At Ashoka Lion, we aim to assist investors and professionals to keep up with news and development in the industry both locally and nationally. Please subscribe to our newsletter, and we will email the HTML Newsletter to you on a monthly basis. We hope you find it useful in your investing.
Note: Real Estate Professionals looking to use our newsletter can contact us and we will work to set up a co-branded news letter. We will include your logo, contact information, and bio for you to present to your client with our newsletter. All we ask is that you remember us for your property management needs and LET THE LION HELP. |
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REAL ESTATE UPDATE
JUNE 2007 |
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Local market a factor in deal for Crescent |
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Coming Soon! |
| Morgan Stanley’s $6.5 million deal to buy Crescent Real Estate Equities Co. was announced last month. Crescent, based in Fort Worth, owns some of Houston’s largest offices—Greenway Plaza and the Houston Center. There have been no plans set in stone; however, Morgan Stanley talks of redevelopment opportunities for both the Greenway Plaza property and the Houston Center. New development in these areas will bring in more businesses and traffic to the area. This will be favorable to those who own properties; more demand for office space in the area will likely increase the land value as well as bring in more chances for real estate investors to earn rent revenue. http://www.chron.com |
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Ashoka Lion Consulting is offering New Real Estate Classes through Leisure Learning on June 16th and July 28th from 9:30 a.m. to 12:30 p.m. It is called "The A to Z of investing in Real Estate".
Please visit our website: http://www.ashokalion.com/reclasses.htm
and click on the dates to register. |
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Mortgage Jobs Tumble |
Mortgage Rates as June 2007 |
Mortgage Jobs take a tumble due to the consolidation of the nonprime sector and also because more jobs are outsourced to other areas. There have been about 10,000 people laid off in the month of March, with layoffs at ABN AMRO Mortgage Group, Mortgage Investment Lending Associates, and Residential Capital LLC as well as other major mortgage companies. When outsourcing mortgage jobs to another vendor outside of the company, there are certain risks to consider, such as identity theft; because the vendor is not a part of the mortgage office, its policies differ. This is not to say that outsourcing these jobs will hurt property owners; instead they need to make sure their sensitive data is well handled in order to lower the possibility for identity theft to occur.
http://www.chron.com |
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Today |
Last Week |
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30 yr fixed |
6.04%
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5.97% |
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15 yr fixed |
5.73% |
5.67% |
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5/1 Arm |
5.80% |
5.73% |
Rates as of 6/5/07 |
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Ashoka Lion Consulting Property Management Services Include: |
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A new Hotel ZaZa opens in Houston |
- Residential, Multifamily, Commercial
- Coordinate Leasing/ Marketing
- Tenant Screening and Management
- Rent Collection
- Coordinate with contractors and repair service people
- Monthly Reporting Packages
When managing your property becomes difficult or tedious, then LET THE LION HELP!
We let investors focus on making the deal and bringing in the money!!!
If you would like to update rates or use our links
to financial calculators, or learn more about us visit:
www.ashokalion.com
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Replacing the historic Warwick hotel, Hotel Zaza opened this month. The second Hotel Zaza to open in the US, it features 315 rooms; eight of them are 3000 sq. ft. themed suites with themes ranging from “Love Shack” to “Rock Star”. Other amenities offered are the ZaSpa, a spa with Eastern holistic remedies, the Phantom Ballroom, a huge space that holds 600 guests, as well as the Urban Oasis, with a pool area that holds six cabanas complete with plasma TV’s and butlers. Hotel Zaza, already a popular hot spot in Dallas, will likely bring more luxury clientele and also attract more business conventions to town. According to the Greater Houston Partnership, job growth in the 10 county Metropolitan Statistical Area is to increase 3.3%, double the national rate. This increase in jobs, bringing more business to Houston, will lead to more businesses holding conventions and meetings in Houston. Hotels where these conventions would take place will be in demand, leading to the expansion of hotel industry in Houston.
http://www.dallasnews.com/ |
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