Homester.com Web News Archive

Major Commercial Real Estate Firms Merge (Washington Post) - CB Richard Ellis Group Inc., the world's largest commercial real estate broker and one of the most prominent real estate firms in Washington, agreed yesterday to buy rival Trammell Crow Co. in a deal worth $2.2 billion that will more than double its property management business.

Pending merger could shake up the local real estate market (bizjournals.com via Yahoo! Finance) - Plans by a West Coast firm to buy a real estate shop born in the Lone Star State could make for some interesting times along the local landscape.

Real estate merger worth $1.79 billion (Pittsburgh Post-Gazette) - DALLAS -- CB Richard Ellis Group Inc., the world's largest commercial real estate services company and one of the biggest in Pittsburgh, said yesterday that it would grow bigger in the fragmented industry by buying rival Trammell Crow Co. for about $1.79 billion.

Sector Wrap: Real Estate Services Stocks (AP via Yahoo! Finance) - Shares of some real estate services companies closed higher Tuesday on the sentiment that CB Richard Ellis Group Inc.'s planned $1.79 billion acquisition of rival Trammell Crow Co. will spark more consolidation in the sector.

Real Estate Companies Set To Merge (The Tampa Tribune) - TAMPA - Two of the best known commercial real estate companies in Tampa soon will be under one roof.

CB Richard Ellis to purchase real estate rival Trammell Crow (Whittier Daily news) - DALLAS - CB Richard Ellis Group Inc., the world's largest commercial real estate services company, said Tuesday it agreed to buy rival Trammell Crow Co. for about $1.79billion.

BTB Real Estate Investment Trust Announces Exercise of Over-Allotment Option (SYS-CON Media) - BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN) ('BTB REIT'), a real estate investment trust formed under the laws of the province of Quebec listed on the TSX Venture Exchange (the 'Exchange'), announced today that, pursuant to the terms of the Agency Agreement dated September 26, 2006 between BTB REIT, Blackmont Capital Inc., National Bank Financial Inc. and Dundee Securities Corporation

Real Estate Agents Have a New Voice Online (Real Estate News) - 4MySales.com offers new Podmail social media tool to help real estate agents attract leads and market their businesses

Real estate sales in slowdown mode in Muskegon area (The Muskegon Chronicle) - If you have an executive-style home for sale in Muskegon County, it's best to have the time and patience of Jim and Maria Tate of Whitehall. Patient sellers will have a lot less frustration and heartache in the currently "soft" residential real estate market in Muskegon County.

Sector Wrap: Real estate services stocks (Sharewatch) - Earlier today, CB Richard Ellis said it will acquire Trammell for a total cost of $2.2 billion, including assumed debt, transaction and integration costs. The deal will create a company with about $4.4 billion in annual revenue and more than 10 percent of the commercial real estate market.