| Obelisk International Recognises the Potential of Real Estate ...
(PRLEAP.COM) In Turkey, where the economy has grown at a rate of 7% for four consecutive years, and the tourism market makes up 10% of the countrys employment, Obelisk International has identified the town of Bodrum as a wise choice for the potential real estate investor, for a number of reasons. As one of Europes most promising emerging property markets, Turkey is attracting attention from overseas property investors for a host of reasons, from its growing economy, fast-growing population, and positive outlook for tourism. Within this exciting climate, Obelisk International has identified the Bodrum Peninsula as having particularly strong potential as an investment choice this year. Of all the visitors to Turkey, around 70% go to Bodrum, so its popularity as a tourist destination is already established.
Take advice from the experts
Investing in overseas property is a dream for so many. And the key to making that dream a reality is to ensure that you are prepared for every eventuality along the road to success. So where better to start your research than by heading to the Invest in Property show, Earls Court, 13-15 April.
The show is widely recognised as the perfect platform for both experienced and novice investors to gather essential information on investing in property overseas.
Experts will be on hand at the show to advise both experienced and novice investors on everything from their first investment to the next addition to a successful portfolio. The show features financial and tax experts, current buying advice on emerging markets, off-plan purchasing opportunities, structural and interior advice, market information and predictions, tips for landlords and licensing, maximising buy to lets and let to buys, and hints for dealing with estates agents and solicitors, not to mention over 150 quality exhibitors.
Office, retail redevelopment project slated for Scottsdale
A local real estate investment firm plans to begin construction late this year on roughly 225,000 square feet of office and retail space, as part of a redevelopment project in Scottsdale. International Capital Partners $100 million-project, called Cendere, will sit on 8.3 acres near the northwest corner of Scottsdale Road and Lincoln Drive. The development will include 180,000 square feet of office space and 45,000 square feet of retail, which could include restaurants, markets and a banking element, said James Petersen, marketing director for the Scottsdale-based company. We want to offer something to the neighborhoods in that area that they can use, Petersen said. The proposed project sits smack in the middle of the citys resort corridor, where many businesses have been updating their looks, said Mac Cummins, a principal planner for Scottsdale.
Investment pays off in Carbondale
Tasker, a ski instructor on Aspen Mountain from 1973 to 1996, made what appears to be one of the most shrewd real estate deals of 2006, even in a valley where savvy maneuvers are as common as groupies at a rock concert.
Tasker Investments LLC searched for property from Aspen to Rifle in March 2006 and decided to purchase 23 undeveloped lots at River Valley Ranch, the golf course and residential community developed by Gerald Hines in Carbondale.
One month later the Hines organization put another 41 lots on the market, which Tasker's group gobbled up.
In the two transactions, Tasker Investments acquired the last 64 lots available among the 415 developed by Hines at River Valley Ranch. (Some lots are still available through resales.)
Tasker paid $13.82 million to acquire the property from Crystal River Limited Partnership, according to deeds recorded with the Garfield County Clerk's Office.
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