Homester.com Web News Archive

Briefing - Asia Real Estate - Sept 6, 2006 (Asia Pulse via Yahoo! Asia News) - An executive briefing on real estate for Sept 6, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. CHINESE PROJECTS TO BE SHOWCASED AT MIPIM ASIA 2006 IN HK

Some real estate agents protect status quo -- even if it costs them (Seattle Post-Intelligencer) - More and more homeowners are turning to the Internet to buy or sell their home, a frightening prospect for real estate agents who, as a group, reap at least $60 billion a year in commission income.

Senior real estate broker switches firms (Dallas Morning News) - A top broker in Cushman & Wakefield of Texas' Dallas office has jumped to a competitor. Will Balthrope, a senior director at Cushman with more than 20 years' experience in property sales, has joined Marcus & Millichap Real Estate Investment Brokerage Co. and will head an apartment sales team.

Real estate ups and downs (Vail Daily) - CRESTED BUTTE, Colo. Ð After two phenomenal years in nearly every resort valley of the West, the real estate market this year has slowed in some places. But almost everywhere, prices continue to rise.

RSM McGladrey Buys Phoenix Real Estate Specialist (WebCPA) - RSM McGladrey Inc. announced a Labor Day deal to acquire Phoenix-based real estate tax firm, Gaughan & Nahom PLC. Financial terms of the deal were not disclosed.

Legacy Hotels Real Estate Investment Trust Announces Hotel Acquisition in Calgary (SYS-CON Media) - Legacy Hotels Real Estate Investment Trust ('Legacy') (TSX: LGY.UN) today announced that it has reached an agreement to acquire the 398-room Delta Bow Valley in Calgary, Alberta for approximately $53.5 million plus closing costs. In addition, Legacy expects to invest approximately $4.0 million in the property to renovate guestrooms over the next few years.

DePaul's Real Estate Center gets $1.5M from alumnus (Crane's Chicago Business) - (Crain's) -- Getting schooled in the real estate business usually involves the rigors of finance and the art of deal-making. At DePaul University's Real Estate Center, a grant from a New York real estate investor will bring in more professors teaching less conventional fields: anthropology, ...

German Stocks Including Metro Decline; Hypo Real Estate Rises (Bloomberg.com) - Sept. 5 (Bloomberg) -- German stocks including Metro AG and Volkswagen AG fell. Hypo Real Estate Holding AG rose. The benchmark DAX Index lost 10.53, or 0.2 percent, to 5899.19 as of 10:10 a.m. in Frankfurt. The HDAX Index of the country's 110 biggest companies also dropped 0.2 percent.

Babson Capital closes $265M real estate fund (Boston Business Journal) - Investment firm Babson Capital Management has closed a $265 million real estate fund targeting debt and equity securities in both commercial and multifamily properties.

Real estate sector booming (The Nassau Guardian) - The Real Estate industry in Nassau is "booming" with sales up over the last year, said a number of realtors. Positive forces driving the industry have also given the market players more opportunities and options.