Homester.com Web News Archive

McDonald's investor wants real estate spinoff (USA Today) - William Ackman, managing partner of Pershing Square Capital Management, said McDonald's should spin off 65% of the 8,000 restaurants it owns and borrow $14.7 billion against its real estate to buy back shares. The chain owns 37% of the land beneath the more than 30,000 McDonald's restaurants worldwide.

Real Estate Firm Plans To Buy, Redevelop Pabst Brewery (WISN TheMilwaukeeChannel.com via Yahoo! News) - It appears the old Pabst Brewery may get new life after all. A large Milwaukee-based real estate firm has signed a tentative agreement to buy and redevelop the 21 acres just west of downtown Milwaukee.

How to Succeed 2006:Real estate forecast (CNN Money) - If you're feeling richer these days, you probably have your real estate to thank for it. Runaway home values on the coasts and in the Southwest mean more than paper profits; they've also given people huge amounts of equity to borrow against to keep on spending.

AC Real Estate becomes year's biggest corporate failure (Kyodo via Yahoo! Asia News) - _ AC Real Estate Corp., which inherited the real estate division of the construction company Fujita Corp., has sought court protection from creditors with 352.6 billion yen in debts, company officials said Wednesday, making it the year's largest corporate failure.

Spaulding & bye on Fan Pier: Owner picks new real estate team (Boston Herald) - In a major shift, Fan Pier’s new developer has decided to cut ties to Boston real estate powerhouse Spaulding & Slye, for years the main local player on the long-stalled waterfront project. Local...

Economists expect sharp recession after real-estate bubble bursts (Sun-Sentinel) - NEW YORK · Much of the nation has had a lovely real estate boom for the past five years, but the house party is almost over and the cleanup won't be pretty.

Colorado Equity buys stake in real estate offices (BizJournals) - Colorado Equity Ventures Inc. of Englewood has bought controlling interest in six Colorado Keller Williams real estate offices for an undisclosed sum.

McD should borrow $15B against real estate: Ackman (Crane's Chicago Business) - (AP) — A hedge-fund investor with a substantial stake in McDonald's Corp. went public Tuesday with his proposal for a company shake-up to wring more value out of its real estate, contending it could drive up the stock price as much as 50 percent within six months.

Survey: Floridians shy away from using real estate attorneys (Business Journal of Tampa Bay) - Even though Florida ranks second in the United States in instances of mortgage fraud per capita, 62 percent of Floridians say they still don't consult a real estate attorney when buying, selling or renting their home.

Floridians Underutilize Real Estate Attorneys (Real Estate News) - RISMEDIA, Nov. 16 — Despite Florida ranking second in the United States in instances of mortgage fraud per capita, sixty-two% of Floridians say that they did not consult a real estate attorney when buying, selling or renting their home, according to a survey commissioned by Florida-based Attorneys’ Title Insurance Fund’s Consumer Education Campaign. In contrast, the study also found