Homester.com Web News Archive

Citigroup Raises $2.1 Billion for Real Estate Funds (Update1) (Bloomberg.com) - Dec. 11 (Bloomberg) -- Citigroup Inc.'s property unit raised $2.1 billion for its first high-return real estate funds, one for Europe and the other for North America, as the bank seeks fee income from managing investment alternatives to stocks and bonds.

Cedar Buys $90M Worth of Real Estate (AP via Yahoo! Finance) - Real estate investment trust Cedar Shopping Centers Inc. said Monday it has signed a deal to buy five supermarket properties in eastern Pennsylvania for a total of $90 million.

Briefing - ASIA REAL ESTATE - Dec 12, 2006 (Asia Pulse via Yahoo!7 News) - The real estate in Ho Chi Minh City is enjoying a boom of investments from Asian countries and territories, particularly the Republic of Korea (RoK) and Singapore, as a series of projects worth hundreds of millions of USD in total are underway.

Briefing - Asia Real Estate - Dec 12, 2006 (Asia Pulse via Yahoo! Asia News) - An executive briefing on real estate for Dec 12, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

Indiabulls ups stake in real estate arm to 50.5 pct (Reuters via Yahoo! Asia News) - MUMBAI, Dec 12 (Reuters) - Indiabulls Financial Services Ltd. said on Tuesday it has raised its stake in Indiabulls Real Estate Co. Pvt. Ltd. to 50.5 percent through conversion of debentures.

HO CHI MINH CITY REAL ESTATE MARKET ENJOYS INVESTMENT BOOM (Asia Pulse via Yahoo!7 Finance) - Housing The real estate in Ho Chi Minh City is enjoying a boom of investments from Asian countries and territories, particularly the Republic of Korea (RoK) and Singapore, as a series of projects worth hundreds of millions of USD in total are underway.

Website Aims To Demystify Real Estate Fees (KXAN 36 Austin) - Real estate fees can be a frustrating part of the home buying process, but there's a new website that could make that a bit easier. There may be no business transaction as antiquated. You usually don't find out about all the real estate closing costs until you're up against a deadline.

Crescent Real Estate Selling Project (AP via Yahoo! Finance) - Crescent Real Estate Equities Co., a real estate investment trust that develops office properties, said Monday it is selling a 301-unit, multi-family project in Dedham, Mass.

Real estate sweetener - a Glock (News Interactive) - A TEXAS real estate agent looking to add more bang to her business is offering clients in law enforcement a free Glock pistol if they buy a home from her.

EIIB Launches Sharia-Compliant Real Estate Fund, (Investors Offshore) - European Islamic Investment Bank Plc (EIIB), the first independent, Sharia-compliant Islamic investment bank to be authorised and regulated by the UK Financial Services Authority, has announced the launch of a Sharia-compliant real estate fund.