Homester.com Web News Archive

Apartment Prices in Manhattan Defy National Real Estate Slide (New York Times) - Apartment prices in Manhattan reached record highs in the fourth quarter of 2007, according to reports by four of the city’s major real estate brokerage firms.

Despite Sluggish Economy, Commercial Real Estate Demand Steady (Commercial Property News) - This year should be sluggish for commercial real estate, but fundamentals will remain strong and U.S. economic growth will be enough to keep leasing markets stable, noted forecasts released today by Grubb & Ellis Co. and Jones Lang LaSalle Inc.

A Real Estate Niche Profits From Rise in Foreclosures (Washington Post) - Longtime real estate agents Barbara and James Newcomb decided three years ago to focus on selling homes that had been repossessed by lenders, certain that the housing market would falter and they could cash in.

Real Estate Agent Pleads Guilty To Cyber Stalking (NBC 6 Miami) - South Florida real estate agent Dean Isenberg pleaded guilty to four misdemeanor counts of stalking on Wednesday.

T or C real estate broker to seek 2nd District seat (KOB-TV Albuquerque) - TRUTH OR CONSEQUENCES, N.M. (AP) - A real estate broker and chairman of the Republican Party of Sierra County has announced he will run for Congress in the 2nd District.

'Clairvoyant' sees real-estate boom, small clashes in 2008 (The Daily Star Lebannon) - Lebanon's most prominent "clairvoyant," Michel Hayek, has predicted that Lebanon will have a new head of state in 2008, adding that the country will witness a boom in real estate in the New Year. "Hold on to your properties," Hayek said. Although Hayek has traditionally appeared every New Year's Eve on LBCI TV.

Breaking news: Tucson real-estate vets buy out Standard Pacific Homes locally (Arizona Daily Star) - Two local real-estate veterans have purchased the assets of the Southern Arizona division of Standard Pacific Homes after the Irvine, Calif.-based company decided to exit the Southern Arizona market.

Nuveen Real Estate Income Fund Data Now Available (Centre Daily Times) - Nuveen Investments, a leading provider of diversified investment services, today announced that the latest fund data for the Nuveen Real Estate Income Fund (AMEX: JRS) is now available. The information is posted on Nuveen's web site at http://www.nuveen.com/ETF/products/fqf.aspx?fundid=JRS. For further information, call 800-257-8787 or write to Nuveen Investments, 333 W. Wacker Drive, Chicago, ...

Grubb & Ellis: 2008 demand for commercial real estate will stay steady (BizJournals) - Grubb & Ellis Co. predicts in a 2008 forecast issued today that U.S. economic growth, which is expected to be sluggish this year, should be enough to keep commercial real estate leasing markets stable, although somewhat less exuberant than 2007.

Year-End Close Out: 2007's Top Stories in Retail Real Estate (CoStar Group) - It's been a wild ride this year in retail real estate. 2007 was marked with billions in retailer and retail acquisitions, mergers and sales, but also thousands of store closings and several bankruptcies. We can't leave out that thousands of new stores...