Homester.com Web News Archive

New Jersey Man Sentenced to 18 Years for Real Estate Fraud (New York Times) - Wayne D. Puff, who orchestrated a Ponzi scheme during the real estate bubble, was also ordered to pay $100 million in restitution.

NYT Round-Up: Online Real Estate Ads Go Self-Serve; Globe's Ainsley Retires With $1.4M Package (paidContent.org via Yahoo! Finance) - Although the real estate market is still in the doldrums, the NYTimes.com is laying the groundwork for a recovery with a new self-serve ad product. The Real Estate Agent Solutions platform is aimed at real estate agents with the promise of lower cost ads that they manage themselves.

Utah Commercial real estate vacancy rates rose in 2009 (Deseret News) - It may sound like a broken record to say 2009 was a tough year in virtually every sector of the Utah real estate market, but...

Private real estate firm buys O.C. Fairgrounds for $56.5 million (Los Angeles Times) - The state today accepted a $56.5-million bid by a private real estate group to purchase the Orange County Fairgrounds, an early test of Gov. Arnold Schwarzenegger's effort to sell state properties to cut the budget gap.

10 Tips to Buy or Sell Real Estate in 2010 (Fox News) - If you're trying to move in or out of a house in the coming year, these real estate tips will help.

China Tobacco enters real estate market (People's Daily) - Analysts warned State-owned Enterprises (SOEs) to move cautiously Thursday after China's State Tobacco Monopoly Administration (STMA) quickened the pace of its entry into the domestic real estate market. China Real Estate Business reported Monday that Zhongwei Real Estate, launched last month with registered capital of 3 billion yuan ($439.5 million), was founded by China Shuangwei Investment, a ...

The Real Estate Council Hires Two New Staff Members (dBusinessNews.com) - Dallas - The Real Estate Council announced that it has hired two new staff members, Beth Lambert-Saul as Vice President of Community Affairs, and Tessa Doiel as Membership Manager.

NJ man sentenced to 18 years for masterminding $100M real estate investment Ponzi scheme (Minneapolis-St. Paul Star Tribune) - NEWARK, N.J. - A New Jersey man has been sentenced to 18 years in prison and ordered to pay more than $100 million in restitution for masterminding what a judge described as one of the biggest real estate frauds in state history.

Real Estate Veteran Joins Morgan Stanley (Forbes) - Morgan Stanley has been reshuffling its management team to focus on real estate.

Commercial real estate market weathers economic storm (Mississauga News) - A report released yesterday on Canada's office and industrial real estate market contains some good news for the Mississauga market.