Homester.com Web News Archive

Commercial Real Estate Financing Becomes Needle in Haystack (The New York Sun) - It is getting increasingly difficult to secure financing for commercial real estate, and the crisis in the credit market and dislocation of the capital markets is having a dramatic effect on investment sales. Through the second quarter of this year, sales activity for Manhattan properties worth at least $10 million dropped 59%, to $13.8 billion, compared with the period a year ago, according to ...

Valley real estate slows (Vail Daily) - VAIL, Colorado — In May, Eagle County real estate saw its second-slowest month since 1996. There were 107 transactions for the month, according to an analysis released Monday by Land Title Guarantee Company in Eagle. That compares to 266 transactions in May of last year.

Real estate slump lowers Forestar's profit (BizJournals) - Forestar Real Estate Group Inc.'s second-quarter earnings fell 33 percent on lower revenue from real estate activities.

Chinese real estate boom over, says official media (Market Watch) - NEW YORK (MarketWatch) -- The huge profits experienced by China's real estate market in the past decade have come to an end, according to National Bureau of Statistics findings cited by state-run Xinhua News Agency in a report Wednesday.

Cyprus real estate firms woo investors from the Gulf (The Peninsula) - DOHA • Prospective buyers from the Gulf are being tracked in order to allow them to invest in Cyprus' growing real estate sector. Roadshows are being held throughout the GCC countries in order to attract wealthy nationals from the region to put their money into real estate in the island nation.

Hudson's Bay Hires Brookfield to Sell Real Estate, Post Says (Bloomberg.com) - Aug. 6 (Bloomberg) -- Hudson's Bay Co. , the Canadian department-store chain bought by NRDC Equity Partners LLC, has hired a unit of Brookfield Asset Management Inc. to try to sell some of its real-estate portfolio, the National Post reported.

First installment of real estate tax bills now overdue (Morris Daily Herald) - Payments of the 2007 real estate tax may be made at the Grundy County Treasurer's Office in the courthouse, at local banks listed on the reverse side of the tax bill, on line at www.grundyco.org or via the automated telephone line (866) 755-7834.

Forestar Real Estate Group Inc. Reports Second Quarter 2008 Results (Centre Daily Times) - Forestar Real Estate Group Inc. (NYSE: FOR) today reported second quarter 2008 net income of $9.6 million, or $0.27 per diluted share, compared with second quarter 2007 net income of $14.4 million, or $0.41 per diluted share, and a first quarter 2008 net loss of ($0.2 million), or ($0.01) per basic share outstanding. Results for second quarter 2008 include a net after-tax charge of $2.3 million, ...

Real estate bust cost: $153B (Bradenton Herald) - The bursting of the Florida real-estate bubble now has a price tag: $153 billion.

Real estate prices set to skyrocket (The Times of India) - Real estate developers in the city have warned of an imminent hike in the prices of residential apartments to offset the sharp rise in construction cost.