Homester.com Web News Archive

Boston real estate firm enters St. Louis market (BizJournals) - A Boston-based real estate investment development and management firm purchased an 80 percent stake in seven Class A office and retail buildings in Creve Coeur, Mo.

Colliers International Advanced Technology Real Estate Group Assists IBM in the Sale of Their West Campus in East (SYS-CON Media) - Colliers International's Advanced Technology Real Estate Group (ATREG) based in Seattle, Washington has successfully assisted IBM in the sale of their million square foot corporate office/R&D campus in East Fishkill, New York. ATREG represented IBM in their sale to Preferred R.E. Investments, Inc. The purchaser plans to invest a substantial amount in the project with the ability to build an

Reeves Real Estate celebrating its 10th anniversary (Canon City Daily Record) - Helping people realize their dreams is what Carolyn Reeves of Reeves Real Estate at Metro Brokers offices is known for. She is celebrating the 10th anniversary of being in business for herself and the renovation of the building at Fifth Street and Royal Gorge Boulevard.

Insurers losing OFW clients to real estate firms (INQ7money.net) - THE life insurance industry has been selling fewer than expected insurance policies partly because of aggressive marketing efforts of real estate companies, the head of the country's largest insurer said Thursday.

Law firm acquires real estate team from rival (Crain's New York Business) - Eager to lure business from stock market-weary investors, law firm Alston & Bird has acquired a 14-member real estate finance team from rival Dechert.

Rise of Bangalore’s real estate (Deccan Herald) - The city of Bangalore is emerging as a global hub of technology, in India. The transition had its impact on many fields and one such being the real estate, which is witnessing radical changes.

Daily American Exclusive UMWA Hospital building to be purchased by real estate investor from St. Louis (Daily American) - Real estate investor Bill White has been referred to as the “prospective St. Louis buyer” for several months as city officials and bankruptcy trustees kept the identity of the man hush - hoping he would seal the deal on a long awaited sale of the former UMWA Hospital.

Hypo Real Estate Up On Portfolio Buy Talk (New Ratings) - 1516 GMT [Dow Jones] Hypo Real Estate (HRX.XE) +5.3% at EUR51.80 amid speculation a portfolio acquisition is imminent, say traders. The market would welcome such a move, says one. But a Hypo Real Estate spokesman dismisses the talk as "unfounded."

Real estate sector hails retail FDI (Business Standard India) - With the focus on 51 per cent foreign direct investment (FDI) in single-brand retailing, other decisions of the Union Cabinet like allowing 100 per cent FDI in greenfield airports and alcohol distillation & brewing, and taking real estate off the prohibited list may appear to have been relegated to the backseat.

Inland Real Estate Auctions to Open Offices in Florida, Michigan (Business Wire via Yahoo! Finance) - OAK BROOK, Ill.----Jan. 26, 2006--Illinois-based Inland Real Estate Auctions, Inc. announced today that it will continue its expansion as a national auction-industry leader by establishing permanent offices in Florida and Michigan.