Homester.com Web News Archive

Cross-border capital adds fuel to the fire in real estate (FT.com via Yahoo! News) - Cross-border capital flows and high domestic savings rates will continue to fuel surging real estate markets across the Asia-Pacific region, according to industry professionals attending the Asian off-shoot of the world's largest real estate trade fair.

GE real estate arm agrees to $2.2 billion deal (Reuters via Yahoo! News) - The real estate arm of diversified conglomerate General Electric Co. agreed on Wednesday to buy a $2.2 billion portfolio of U.S. industrial, residential and commercial properties, but said it would sell some retail properties to another investor.

GE to Buy Crow Family Real Estate for $2.2 Billion (Update4) (Bloomberg.com) - Sept. 27 (Bloomberg) -- General Electric Co.'s real-estate unit agreed to buy 147 properties across the U.S. from a fund run by the Trammell Crow family's investment firm for $2.2 billion.

Crow Holdings to sell assets to GE Real Estate for $2.2B (Boston Globe) - Crow Holdings agreed to sell 147 buildings to GE Real Estate, a unit of General Electric , for $2.2 billion.

Papouchado's intersted purely for 'real estate' (Guardian Unlimited) - Eli Papouchado, one of the men behind the proposed takeover of West Ham, says he wants the club for real estate.

Circle Bank offers new ways to finance real estate (BizJournals) - Circle Bank of Novato has created a series of unique loan products to help finance residential and commercial real estate throughout the Bay Area.

Real Estate Transactions from September 11 - 15, 2006 (Martha's Vineyard Times) - Sept. 12, Three Sandbars LLC sold 53 Price's Way to John A. Kernochan, trustee, End of the Road Real Estate Trust, for $490,000. Sept. 13, Rebecca J. Bellavance and Michael Hegarty sold 20 Garden Cove Rd. to Todd G. Patkin, trustee, 20 Garden Cove Road Nominee Trust, for $3,225,000.

State Street a great street for retail real estate surge (Chicago Tribune) - State Street might have been jolted by Macy's replacing Marshall Field's and the imminent departure of old stalwart Carson Pirie Scott, but that hasn't spoiled the performance of its retail real estate.

Feds' aging real estate could mean big changes for Ottawa's office market (Ottawa Business Journal) - Public Works recently contracted two investment firms to review its entire real estate portfolio, a move government officials say could result in the spin-off of some properties to public real estate trusts and a consolidation of local government office space.

German Stocks Rise, Led by Adidas, FMC and Hypo Real Estate (Bloomberg.com) - Sept. 27 (Bloomberg) -- German stocks advanced, led by Adidas AG, Fresenius Medical Care AG and Hypo Real Estate Holding AG. The benchmark DAX Index rose 29.73, or 0.5 percent, to 5990.36 as of 9:06 a.m. in Frankfurt. The HDAX Index of the country's 110 biggest companies also climbed 0.5 percent.