Homester.com Web News Archive

KarstadtQuelle to Sell Real Estate to Eliminate Debt (Update7) (Bloomberg.com) - Dec. 8 (Bloomberg) -- KarstadtQuelle AG, Germany's biggest department-store chain, may sell all of its real estate next year to eliminate debt of about 2.8 billion euros ($3.3 billion) that brought the company to the brink of collapse. The shares had their biggest gain in more than a year.

Alexandria Real Estate Ups Its Dividend (AP via Yahoo! Finance) - Real estate investment trust Alexandria Real Estate Equities Inc. said Thursday that its board raised its fourth-quarter cash dividend to 70 cents per share.

KarstadtQuelle to Sell Real Estate to Eliminate Debt (Update5) (Bloomberg.com) - Dec. 8 (Bloomberg) -- KarstadtQuelle AG, Germany's biggest department-store chain, may sell all of its real estate next year to eliminate debt of about 2.8 billion euros ($3.3 billion) that brought the company to the brink of collapse. The shares surged.

Local real estate firms post solid growth in 2005 (Springfield Business Journal) - A hot market has Springfield’s real estate firms reaching for the top. Carol Jones, Realtors Nov. 15 announced $1 billion in year-to-date contract sales for 2005, shattering the company’s 2004 record of $882 million in contract sales. Closed sales for 2004 were $701 million.

Condo-hotel converter sued by real estate broker (The Miami Herald) (Hotel Online) - Dec. 7--Prolific condo-hotel converter Robert Falor borrowed $500,000 from his real estate broker to close his most celebrated deal, the purchase of South Beach's Royal Palm Crowne Plaza, according to a recent lawsuit.

REAL ESTATE BUYERS BOOK MAKES ANYONE AN EXPERT (Times-Beacon) - TUCKERTON -- Between a notable career in real estate education, her family and events such as a recent sleepover with 92 Brownie scouts, Diane Disbrow has co-authored the New Jersey edition of the series, "How to Make Your Realtor Get You the Best Deal."

Five charged in death of Albuquerque real estate investor (KVIA) - ALBUQUERQUE Three men have been indicted on charges of first-degree murder in the robbery and shooting death of an Albuquerque real estate investor.

Pay Less for Real Estate (The Motley Fool via Yahoo! News) - You've heard of discount brokerages on Wall Street. But there's another kind of low-cost broker a little closer to home: discount real estate agents.

Westfield Real Estate Investment Trust announces incentive unit option grants to trustees and key management personnel (CNW Group via Yahoo! Finance) - Westfield Real Estate Investment Trust announced today that it has, effective today, granted additional incentive trust unit options to its trustees, officers and key management personnel, namely Armin Martens, President and Chief Executive Officer, Jim Green, Chief Financial Officer, Cornelius Martens, Executive Vice-President, Kirsty Stevens, Vice-President, Edward Warkentin, trustee and Chair

Key projects to boost growth in real estate (Gulf Daily News) - MANAMA: The real estate sector will greatly benefit from upcoming major projects next year, an industry expert predicts.