Homester.com Web News Archive

Missed India's Software Boom? Try Real Estate: Andy Mukherjee (Bloomberg.com) - Jan. 12 (Bloomberg) -- Smart money may have found a new home in India's underdeveloped property market. PricewaterhouseCoopers LLP recently estimated that as much as $8 billion of private equity will flow into Indian real estate funds over the next 18 to 30 months.

FDIC to give new rules on real estate loans (Sacramento Business Journal) - In response to what they said are real estate lending concentrations that may make institutions more vulnerable to cyclical commercial real estate markets, federal bank regulators are preparing a new set of guidelines on commercial real estate lending.

Akin Gump partner moves into real estate game (BizJournals) - Prominent Washington real estate attorney Earl Segal is changing careers after 20 years as a partner with Akin Gump Strauss Hauer & Feld.

Column: Real Estate Funds Smart Holding (AP via Yahoo! News) - Analysts have been nervously writing yearend epitaphs for real estate for the last couple years, but the sector has kept outperforming the overall market. Despite worries that real estate funds are due for a breather after six strong years, smart investors are likely to hang on for the long haul.

GMAC Real Estate issues Cherry Creek franchise (BizJournals) - GMAC Real Estate has awarded a franchise to Al Galperin, a real estate broker of 14 years and longtime Denver resident.

GMAC Real Estate Awards Newest Franchise to Denver-Area Veteran (Real Estate News) - RISMEDIA, Jan. 12 — Officials with GMAC Real Estate, one of North America's leading real estate firms, are predicting that home sales in the Denver metropolitan area will continue to be robust - and say they've found the perfect person to position the company as consumers' first choice when it comes to buying or selling a home.

North Carolina Joins Other States in Requiring All Real Estate Licensees to Obtain Broker's License (Real Estate News) - RISMEDIA, Jan. 12 — (KRT) — Cleveland Community College in North Carolina is offering new classes so real estate students can get broker's licenses as required by the state's Real Estate License Law starting April 1.

First Service Realty, Inc. Collaborates with GMAC Real Estate (Real Estate News) - RISMEDIA, Jan. 12 — First Service Realty, Inc. (FSR), a Florida-based, privately owned and operated residential/commercial real estate company, has announced a joint venture with GMAC Real Estate, a subsidiary of GM Motors and one of the nation’s largest real estate organizations. The alliance includes financial support for FSR’s acquisitions and expansion program. Slated for 2006 are the

Colonia Real Estate Raises 2006 Forecast Amid Bids for Holdings (Bloomberg.com) - Jan. 11 (Bloomberg) -- Colonia Real Estate AG, a German company investing in and managing distressed property, said it expects profit will double in 2006 after it received purchase offers for a portfolio of 566 apartments.

Herbies hires for Euro real estate push (Legal Week) - Herbert Smith is reviewing its European real estate strategy after appointing former executive partner Iain Rothnie as head of the practice. Rothnie replaced James Barnes as real estate chief this month after Barnes decided to return to full-time practice.