Homester.com Web News Archive

Real Estate And Utilities Are Mutual Fund Winners (The Tampa Tribune) - NEW YORK - The resurgent stock market carried stock mutual funds to a generally robust performance in the third quarter, with real estate funds extending their nearly six-year winning streak. Gold funds, which fell along with other commodities-related funds, were among the quarter's disappointments.

Real Estate Briefcase (San Antonio Express News) - Oscar Gonzalez will teach a course for the real estate industry on marketing to Hispanic home buyers.

Spanish Real Estate Company Acquired (New York Times) - Grupo Martinsa, a Spanish real estate company, agreed to buy Fadesa Inmobiliaria, another real estate company, for about 4 billion euros ($5.1 billion) to quadruple its land holdings. Martinsa, a closely held company based in Madrid, bid 35.70 euros for each of the remaining shares, 21 percent more than the closing price Wednesday of 29.55 euros. Manuel Jové, chairman of Fadesa, agreed to sell

Local real-estate market tempered in August (Aspen Daily News) - Aspen may be one of the few markets in which a 21-percent increase in real estate sales is actually a downturn, but that's what figures recently released by Land Title Guarantee Co. show.

Separating REITs from Residential Real Estate (The Motley Fool) - Homebuilders such as Toll Brothers (NYSE: TOL) and WCI Communities (NYSE: WCI) have seen their share prices fall by 40% or more in the last year, but the blue-chip real estate investment trusts (REITs) such as Boston Properties (NYSE: BXP) , Kimco (NYSE: KIM) , and Public Storage (NYSE: PSA) have seen their share prices continue to increase.

Commercial real estate has strong Q3 (BizJournals) - Commercial real estate in the Denver metro area continues on a steady uphill climb, according to a third-quarter market report released Friday by CB Richard Ellis. Office, industrial and retail activity all showed signs of improvement.

Commercial Real Estate Investors, Lenders Meet On Mezzanine (Investor's Business Daily via Yahoo! News) - Investors hesitant to plunk down equity to acquire commercial real estate are enjoying the best of times: Mezzanine capital hunting for property has flooded the market the last couple of years in a quest for yield, giving borrowers greater access to cheaper financing.

Real Estate Center scores $1.5 million gift (DePaulia) - DePaul alumnus George L. Ruff recently gave a $1.5 million gift to the university’s Real Estate Center to set up a professorship. Ruff is a co-founder of the New York based Trinity Hotel Investors and graduated from DePaul in 1974 with a bachelor’s degree in business.

Real Estate and Development (In Business Las Vegas) - What does the future hold for new housing development in the Las Vegas Valley? A San Diego real estate advisory group said it believes it has some answers.

Japanese Stocks Gain; Real Estate Shares Climb on Rate Outlook (Bloomberg.com) - Sept. 29 (Bloomberg) -- Japanese stocks rose, led by real estate companies, after the new minister for economic and fiscal policy said inflation is near zero excluding oil prices, reducing the likelihood borrowing costs will increase before the end of the year.