CHICAGO-Prices of the well-developed island assets located near to highly inhabited areas have declined. However, sales of luxurious and isolated private islands in astonishing localities have been stable during the economic downturn.

HOUSTON-St. Joe Co., a developer based in Florida has sued M-I SWACO, a drilling fluid contractor, claiming that the oil spill caused by the oil services company's negligence in duty has caused a dip in the value of the developer's Panhandle property spanning 577,000 acres.

NEW YORK CITY-North Shore-Long Island Jewish Health System's 24-hour emergency-care center will be opened on 121A W. 20th St. since it was unable to settle on an agreement with St. Vincent's Hospital.

NEW JERSEY-According to the Mortgage Bankers Association, delinquent mortgage loans that are 90 days or more overdue in New Jersey reached 10.54% during Q2 2010, the tri-state areas' highest rate.

LAS VEGAS-Las Vegas Outlet Center will be expanded by 70,000 square feet by the Simon Property Group to house an additional 11 stores with the project slated for completion by spring.

WASHINGTON, DC-The rising rate unemployment in the US has resulted in an increase in the number of homeowners defaulting on mortgage payments and losing their homes to foreclosure.

WASHINGTON, DC-According to the Mortgage Bankers Association, the number of loans across the country under foreclosure decreased in the quarter ended June 2010, the lowest rate since 2006.

NIAGARA FALLS, NY-A troubled 12-story landmark at the Niagara Falls will go under the hammer next month.