Welcome to the Myrtle Beach MSA Real Estate News blog. This site is intended to be an easy place to access some of the pertinent articles published by newspapers and periodicals that are of value to real estate professionals and investors. Additional market data and statistical trends are presented below under Links for Research and Data. Your feedback and/or suggestions is encouraged.
Sunday
Marriott to shut down time share, luxury residential operations
Marriott International said in a securities filing it will discontinue all time share and luxury residential construction. The company is aggressively discounting prices to liquidate its existing inventory. Marriott said it will take a $760 million mark-down on projects already under way. "This business, at least for the next 10 years, is going to remain permanently shrunk," said Joseph Greff, a gambling and lodging analyst for J.P. Morgan Securities, referring to the luxury and time share businesses. Wall Street Journal, The (09/24)
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Tuesday
Friday
Thursday
FDIC Launching Nearly $5B of Asset Sales
FDIC Launching Nearly $5B of Asset Sales - http://ow.ly/oOF9
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