Homester.com Web News Archive

Japanese Real Estate Stocks Advance; Banks Decline on Rates (Bloomberg.com) - Nov. 16 (Bloomberg) -- Japanese real estate shares climbed, led by Urban Corp. after it raised its sales and profit forecast.

GPT, Babcock & Brown Expand Real Estate Venture (Update3) (Bloomberg.com) - Nov. 16 (Bloomberg) -- GPT Group, Australia's fourth-largest real estate investment trust, and Babcock & Brown Ltd. will inject a further A$800 million ($612 million) into their property venture to buy more assets and start new investment funds.

GPT, Babcock & Brown Expands Real Estate Venture (Update1) (Bloomberg.com) - Nov. 16 (Bloomberg) -- GPT Group, Australia's fourth-largest real estate investment trust, and investment bank Babcock & Brown Ltd. said they'll inject a further A$800 million ($612 million) into their real estate venture to buy more assets globally.

Baring Asset's Lilian Co Beats World Funds on China Real Estate (Bloomberg.com) - Nov. 16 (Bloomberg) -- Lilian Co's purchases of Chinese real-estate developers helped her fund become the world's second-best performer even as the government raised interest rates to curb surging property prices.

Briefing - Asia Real Estate - Nov 16, 2006 (Asia Pulse via Yahoo! Asia News) - An executive briefing on real estate for Nov 16, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

First-ever Dubai Real Estate Road Shows & Exhibitions in Saudi Arabia and India (AME Info) - The Dubai Department of Tourism and Commerce Marketing (DTCM) in conjunction with Dubai Properties Group is organizing the first-ever Dubai Real Estate Road Shows, Conferences and Exhibitions in Saudi Arabia and India in 2007.

Israel stocks slip from records; Delek Real Estate jumps on deal (Market Watch) - TEL AVIV (MarketWatch) -- Israel stocks stepped off record levels seen in recent days on Wednesday, with Teva Pharmaceutical, Bank Hapoalim and Israel Chemicals leading the index south, while Delek Real Estate was higher on news that its looking at a deal to pay nearly $2 billion for a major hotel chain.

Has commercial real estate peaked? (Orange County Register) - Has commercial real estate peaked?

Delek Real Estate and partners eye $1.94 bln British hotel deal (Market Watch) - TEL AVIV (MarketWatch) -- Delek Real Estate said it and two partners are in advanced talks to buy 47 Marriott hotels in Britain from Royal Bank of Scotland and the hotel chain for $1.94 billion.

Eliopoulos to head CalPERS real estate investments (Sacramento Business Journal) - The California Public Employees' Retirement System has named Theodore "Ted" Eliopoulos its new senior investment officer for its real estate portfolio.