Homester.com Web News Archive

Alabama residential real estate market keeps humming (Birmingham Business Journal) - On a year-to-date basis, the Alabama housing market remains strong, but the past couple of months have been flat or down slightly, according to data released today by the University of Alabama Real Estate Research and Education Center. The center stresses in a written statement that year-to-date figures more accurately reflect market trends.

$1 billion real estate portfolio on market (San Jose Mercury News) - Park Center Plaza and the Montgomery Hotel building in downtown San Jose are on the market as part of an estimated $1 billion real estate portfolio put up for sale by Divco West Properties and an affiliate.

Weyerhaeuser's real estate arm buys Clark County building lots (Tacoma News Tribune) - Quadrant Homes, the real estate arm of Weyerhaeuser Co., is buying 800 to 900 residential building lots in Clark County, the company said Wednesday.

Katrina fuels a real estate boom (MSNBC) - Amid all the debris in Biloxi and elsewhere on the Mississippi Gulf Coast, there are signs that Hurricane Katrina may be fueling a new real estate boom — topping the one already started years ago by the casinos.  NBC's Mark Potter reports.

Johnson County real estate transactions (The Indianapolis Star) - The following real estate transactions of $10,000 or more were recorded in Johnson County. 3112 Amber Way, Sutton Farms LLC to Princeton Group Inc., DBA Princeton Homes, $47,400.

Sizzling real estate markets begins to cool (Brandon Sun) - Brandon’s hot housing market is beginning to cool as the temperature drops, mirroring a trend across Manitoba and the country. Brandon Real Estate Board president Brad Hardy said the average selling price for Brandon homes has dropped six per cent recently.

Real estate group plans new facility (Bradenton Herald) - MANATEE - One of Manatee's largest real estate companies is growing once again. Wagner Realty will break ground on its new state-of-the-art facility in west Bradenton today. The office will replace the company's Bradenton office at 6400 Manatee Ave. W.

Retirement Residences Real Estate Investment Trust Announces Resignation Of Board Member George Kuhl (Business Wire via Yahoo! Finance) - Retirement Residences Real Estate Investment Trust today announced that George Kuhl has tendered his resignation as Vice-Chairman and a Trustee of Retirement REIT to pursue other business interests.

Allegheny Council Waffles On Real Estate Assessment (WTAE ThePittsburghChannel.com via Yahoo! News) - On Tuesday afternoon, Allegheny County Chief Executive Dan Onorato proposed a plan where real estate values would stay the same as they were assessed for in 2002.

California real-estate fund puts $1 billion portfolio on block (SanLuisObispo.com) - NEW YORK - In another sign that commercial real-estate prices are peaking, a California real-estate fund is putting a $1 billion portfolio of properties on the block.