Town of Vail ends year with surplusVAIL - A preliminary year-end financial report for 2009 shows a better than anticipated budget performance for the town of Vail. Finance Director Judy Camp says the town ended the year with a surplus in the general fund and no use of reserves. In preparing the 2009 budget, it was anticipated that $700,000 of a $3.2 million surplus from 2008 would be needed to balance the budget, following ...Other states say nightly rental escrow worksNightly-rental companies that commingle funds are unethical; that's the consensus of several vacation rental management association officers both inWestern Mountain Resort Alliance (WMRA)The summer WMRA meeting will be held on Wednesday June 16, 2010 in Lake Tahoe, Incline Village, Nevada. This is in conjunction with NAR's Resort and Second Home Symposium being held June 13-15, 2010. Held every 18 months, the symposium is a can't-miss networking and educational event for REALTORS. REALTORS attendees either already have their Resort and Second-Home Property Specialist (RSPS ...From a recession to a measured resurgence, Telluride enduresIf we learned anything about ourselves and about Telluride in 2009, it’s that we, and this town, endure. This last year was defined in simple economic terms for us, and we learned a lesson: Even our sno-globe town isn’t invincible. Our region made difficult financial decisions as revenues that once flowed ebbed. We braced against a recession and swallowed the passings of our friends. But for all ...Mountain Exchange2010-03-04No taxing time for real estate: GovtThe government has said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value.Real-estate brokers offering sneak peek of reality show apartmentReal estate broker Michele Kleier and daughters Samantha and Sabrina are hosting an exclusive sneak-peek party tonight at their $28.5 million co-exclusive at 995...Real Estate Transfers, 3-4-10Real Estate Transfers, 3-4-10Bank rode real estate boom, fell with its declineBroadway Bank isn't really a bank the way a lot of people understand it. The Giannoulias family's enterprise writes only a small amount of single-family mortgages or loans to small businesses. Where it puts its money is real estate development and commercial property. The strategy paid off handsomely in the last decade, making Broadway among the most profitable banks in Chicago.Qatar Real Estate Full-Year Profit Falls 31% to $59 MillionMarch 4 (Bloomberg) -- Qatar Real Estate Investment Co. said full-year profit fell 31 percent to 214 million riyals ($59 million), according to a statement to the bourse today.U.S. Stocks Trim Gain as Fed Says Real Estate, Loan Demand WeakMarch 3 (Bloomberg) -- U.S. stocks trimmed gains after the Federal Reserve said commercial real estate and loan demand remained weak in January and February and labor markets were still “soft.”
