Homester.com Web News Archive

American Real Estate Withdraws Note Offer (AP via Yahoo! Finance) - American Real Estate Partners LP, whose holdings include condominiums, hotels and golf courses, said Wednesday a subsidiary withdrew its previously announced offering of $250 million in senior floating rate notes.

David Hendricks: San Antonio firm rides Mexico's commercial real estate boom (San Antonio Express News) - FAS Construction Management did not offer its services in Mexico until a New York client needed the firm's services there. Now, FAS receives 40 percent of its revenues from its Mexico activities as foreign investors flood Mexico with real estate investments.

For Real Estate Deal Maker, a Residential Venture (New York Times) - He controls 77 million square feet of real estate around the world. He is developing Yankee Stadium for George Steinbrenner. He is a vice chairman of the Museum of Modern Art. But one thing Jerry I. Speyer is not known for, at least in New York City, is running apartment buildings.

International Real Estate's First ETF (SeekingAlpha via Yahoo! Finance) - Eli Hoffmann submits: Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories: International Real Estate Gets Its Very Own ETF [Wall Street Journal ] Summary: State Street Corp.'s State Street Global Advisors recently filed with the Securities and Exchange Commission to launch an exchange-traded fund based on real-estate securities

U.S. commercial real-estate peak seen: report (People's Daily) - The U.S. commercial real-estate cycle appears to have reached its peak and will begin pulling back in 2007, according to a new survey of industry executives, The Wall Street Journal reported Wednesday.

Kyiv meeting real estate scam victims’ grievances (KYIV Post) - Nearly nine months following the eruption of a major real estate scam in the nation’s capital, more than 1,000 apartment buyers who were bilked out of an estimated $100 million are still waiting for the Kyiv city authorities to follow through on pledges to organize the construction of compensatory housing.

Winning and losing with real estate (The Santa Rosa Press Democrat) - I used to claim the title of the only person ever to lose money in the history of Sonoma County real estate. Not anymore. Thursday's story by Mike Coit said the number of home sales in the county hit a 10-year low last month, and the median home price dropped 7.7 percent from a year earlier.

Feds: Real Estate Agent Behind Pot Ring (KGO-TV Bay Area) - Federal drug agents and Stockton police say a Bay Area real estate agent is behind an organized pot-growing ring.

Inland Real Estate Corporation Declares Cash Distribution on Its Common Stock (Business Wire via Yahoo! Finance) - OAK BROOK, Ill.----Inland Real Estate Corporation announced today that the Company has declared a cash distribution of $0.08 per share on the outstanding shares of its common stock, payable on November 17, 2006 to common stockholders of record at the close of business on October 31, 2006.

Of Mutual Interest: Real estate funds yield high returns (Fort Wayne Journal Gazette) - NEW YORK – While some homeowners have been wringing their hands, agonizing over a cooling real estate market, they might be surprised to see that real estate funds are on track to top the market for the seventh consecutive year.