Real Estate News

Asbestos Cement: A Guide for Homeowners

How Dangerous Is It?

The inherent danger of asbestos cement lies in the asbestos fibers that it contains. When these fibers are inhaled, they can cause serious health problems. The risk arises when the cement material is disturbed or damaged, causing the asbestos fibers to become airborne.

Asbestos is a known carcinogen and can lead to diseases such as asbestosis, lung cancer and mesothelioma. Asbestosis is a chronic lung disease that causes shortness of breath, coughing and permanent lung damage. Mesothelioma is a rare form of cancer that most commonly affects the lining of the lungs and abdomen.

However, it’s

Real Estate News

Beitler Real Estate Corp. News & Articles

(Crain’s) — A deal between developer J. Paul Beitler and St. Andrews’s Greek Orthodox Chicago to develop a high-rise condominium on a site adjacent to the Edgewater church is falling apart, nine months after the collapse of another transaction with a different developer on the same site. See related story: Apartment REIT drops plans for Lake Shore Drive Tower In August, Mr. Beitler had sought city zoning approval for a 45-story condo tower that would include 288 residential units and parking for 613 cars. The three-acre site is located just south of the church, 5649 N. Sheridan Rd. In a

Real Estate News

Xinyuan Real Estate (NYSE:XIN) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN – Get Rating) in a note issued to investors on Saturday. The brokerage sets a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

Shares of NYSE XIN opened at $5.92 on Friday. Xinyuan Real Estate has a 1 year low of $2.95 and a 1 year high of $12.30. The firm’s 50 day moving average price is $4.94 and its 200 day moving average price is $4.89.

Hedge Funds Weigh In On Xinyuan Real Estate

A hedge fund recently bought a new

Real Estate News

Saint Augustine’s University, real estate firm announces $75 million campus land project

RALEIGH, NC — Saint Augustine’s University and Atlanta-based real estate development firm Carter agreed to a proposed $75 million campus land project.

The university announced plans on Saturday to develop a 320-unit multifamily project on the property.

“This development opportunity is a beacon of light for students, the Raleigh community, and the global society to engage with SAU in this transformative venture,” Board of Trustees Chairman James Perry said in a news release.

Board of Trustees Vice Chairman Brian Boulware echoed Perry’s sentiments.

“I am excited to see the impact that this development venture will have on SAU and the