Homester.com Web News Archive

Real estate market mixed (Newsday) - Well, the sky isn't falling, but local real-estate market conditions remain mostly cloudy -- for sellers at least, according to housing data released Wednesday. Queens, though, continues to outperform Long Island.

Real estate broker picked for convention headquarters hotel (bizjournals.com via Yahoo! Finance) - The Baltimore Development Corp. said Wednesday a joint venture of Colliers Pinkard and the Roc Realty Group was chosen to be the commercial real estate broker for the city's 757-room Hilton Baltimore Convention Center Hotel.

Real estate company to invest Dh6b (Khaleej Times) - DUBAI — Sheffield Real Estate, part of Dubai-based Sheffield Group, yesterday said it would invest Dh5.5 billion in the next one year in Dubai's property, retail and hospitality sectors, and another Dh500 million in the following year in Sharjah.

Sheffield Real Estate invests $1.5bn (AME Info) - Dubai-based Sheffield Real Estate plans to invest $1.5bn into the Dubai real estate market, spreading its investment across various projects. Sheffield recently unveiled the $381m Marina 101 project in association with Russian developer Rustar Real Estate.

First-Ever International Real Estate ETF Launched (SeekingAlpha via Yahoo! Finance) - Richard Kang submits: Further to my posting from two months ago we now have details on SSgAs new streetTRACKS DJ Wilshire International Real Estate ETF . Although there are closed end funds covering international real estate, this is the first ETF to cover this fairly broad [although neglected ] asset class. [... ]

Real estate company KCMC lists on DFM (Khaleej Times) - DUBAI — Kuwait Commercial Markets Complex Company (KCMC), a real estate and construction firm with investments across the Gulf and Levant, yesterday listed 49 per cent of its ordinary shares on the Dubai Financial Market (DFM). The company is the 63rd security to list on the market since it started operations in March 2000.

Feds: Real estate boom fuels criminal activity (Las Vegas Business Press) - Massive expansion in the nationwide real estate market during the last few years has unleashed a wave of suspected money laundering, first in the mortgage industry and now in the commercial real estate business, federal authorities reported recently.

Real estate: Laid back in Los Angeles (USA Today) - With home sales skidding even with the median price up to a gravity-defying $583,000, it's hard to believe the Los Angeles real estate market is stabilizing.

Real estate market taking a breather (Vail Daily) - VAIL - When the Arrabelle at Vail Square project sold out in a matter of minutes in 2005, that set a new benchmark for real estate in Vail, said local Realtor Michael Slevin.

Killeen City Council passes an ordinance regarding real estate signs (KCEN-TV Temple) - Updated: Dec 20, 2006 7:07pm Real estate agents in Killeen will soon be required to pay an annual $25 fee plus $1 for every off premise real estate sign posted in local neighborhoods.