“At the trough of the downturn last year, Chattanooga got a major boost with the announcement that Volkswagen would build a $1 billion auto assembly plant at the Enterprise South Industrial Park.

That’s only a couple of miles from the largest subdivision Bell has built — Hamilton on Hunter — which is now in its 17th phase of development. The subdivision has grown to include nearly 1,500 lots…”

via Chattanooga Times Free Press | Developer Jay Bell looks for better year.

Feb. 10 (Bloomberg) — Hang Lung Properties Ltd., Hong Kong’s fourth-largest developer by market value, posted its first decline in semi-annual profit in three years

via Bloomberg.com: Real Estate.

Are the various central bank liquidity facilities and capital injections having the desired effect of unclogging credit markets and restoring confidence in the world’s financial system?

via Credit Crisis Watch: Some Positive Developments — Seeking Alpha.