Homester.com Web News Archive

Ga.: Real Estate Promoter Sentenced (AP via Yahoo! Finance) - A real estate promoter was sentenced to 12 years in prison Monday for stealing tens of millions of dollars from investors in a Ponzi scheme and using the money to pay for jewelry, luxury automobiles, and credit card and tax bills.

American Real Estate Changes Name (AP via Yahoo! Finance) - Holding company American Real Estate Partners L.P., the investment vehicle controlled by billionaire investor Carl Icahn, said Monday its name change to Icahn Enterprises L.P. has become effective.

INCREASE THE SCOPE OF FDI IN REAL ESTATE: INDIAN INDUSTRY BODY (Asia Pulse via Yahoo!7 Finance) - Regulations / Law   Seeking to make India a global destination for property developers, industry body FICCI on Monday sought to expand the scope of the foreign direct investment in the real estate sector, which would facilitate more inflow of overseas funds in the country.

Increase The Scope Of FDI In Real Estate: Indian Industry Body (Asia Pulse via Yahoo!7 News) - Seeking to make India a global destination for property developers, industry body FICCI on Monday sought to expand the scope of the foreign direct investment in the real estate sector, which would facilitate more inflow of overseas funds in the country.

Real Estate Guru To Bankruptcy: A Local Man's Tale (KDKA Pittsburgh) - Wade Timmerson was a real estate guru, advising people how to make money buying real estate, but his empire has come tumbling down. He was forced into bankruptcy and dozens of his properties have gone up for sheriff's sale. Now, KDKA Investigator Andy Sheehan reports that banks and lenders may be just as much to blame for Timmerson's rise and fall. VIDEO:   Watch the report

Mirvac Real Estate Investment Trust Announces September 2007 Quarter Distribution (MRZ.AX, 00759972, 20070918) (Aspect Huntley via Yahoo!7 Finance) - Mirvac Real Estate Investment Trust announced the distribution for the quarter ending 30 September 2007 of 2.65 cents per unit with a record date of 28 September 2007.

Migdal acquiring 20% of Delek Real Estate unit Yield-Generating Properties (Haaretz Daily) - Delek Real Estate yesterday announced the signature on an agreement to sell 20 percent of a subsidiary, Delek Real Estate Yield-Generating Properties, to the Migdal insurance group.

REAL ESTATE AGENCIES (St. Petersburg Times) - Advecs Real Estate Corporate (show on map) Member of Russian Realtors' Guild. Member of Realtors' Association of St. Petersburg and Leningrad region. 14 years on real estate market, more than 8 years on leasing market.

Real Estate Promoter Sentenced For Ponzi Scheme (CBS 46 News Atlanta) - An Atlanta real estate promoter was sentenced to 12 years in prison Monday for stealing tens of millions of dollars from investors in a Ponzi scheme.

Inland Real Estate Corporation Pays September and Declares October Cash Distribution to Common Stockholders (FinanzNachrichten) - Inland Real Estate Corporation ( Nachrichten ) (NYSE: IRC) announced that today it paid a cash distribution of $0.08167 per share on the outstanding shares of its common stock to common stockholders of record at the close of business on August 31, 2007. The aggregate cash distribution paid to a particular common stockholder of record will be rounded to the nearest $0.01, up or down, with $0.005 ...