Homester.com Web News Archive

Stock market adds commercial real estate to woes (Market Watch) - Market analysts are pointing to a growing divide between banks, with regional players especially vulnerable to blowups in commercial real estate.

China Real Estate Poised for ’Stumble,’ Chanos Says (Update1) (BusinessWeek) - Raw-materials producers that sell to China may be hurt by slowing demand because the nation’s real estate market is poised for a “stumble,” according to hedge fund manager James Chanos.

Most expensive U.S. real estate deal going back to lenders (Fort Worth Star-Telegram) - The most expensive U.S. real estate deal ever, Manhattan’s Stuyvesant Town and Peter Cooper Village, is going back to lenders who financed the $5.4 billion deal in 2006, owners Tishman Speyer Properties and BlackRock Realty said. Fitch Ratings values the property at $1.8 billion.

Assistant on Trial for Murder of Real Estate Powerhouse (Fox News) - A personal assistant is going on trial in the bloody killing of her boss, a New York real estate powerhouse with punk-rock roots.

Real estate firm Ortigas soon to be transformed (ABS-CBNNEWS.com) - MANILA, Philippines - Real estate firm Ortigas & Co. is in the process of turning itself into a holding company, planning the creation of four new firms that will handle its assets and eyeing an eventual listing at the stock exchange.

Real estate agents talks growth despite recession (New York Post) - Although unemployment is high and the economy remains in turmoil, some Bronx residents still have cash to invest. Just ask NAI Friedland senior commercial real estate broker Rick Stassa, who has inked several news leases on University Avenue. An urban real estate expert, Stassa understands the challenges and benefits of...

The sages are wrong about real estate (MSN Money) - Dozens of experts claim that commercial real estate is toast for 2010. But look more closely, and you'll see at least 6 real-estate investment trusts worth buying into now.

No Evidence Of A Post-Olympics Boom Or Bust For Host City Real Estate Prices (redOrbit) - Cities that win Olympic bids experience neither boom nor bust in their real estate prices, but gain construction jobs as they prepare for the Games, according to researchers at the Sauder School of Business at the University of British Columbia.The UBC study is the first to use real estate variables to test the Games' economic impact on host cities.

Denver's Real Estate Market Has Some Bright Spots (CBS4 Denver) - There's some encouraging news in Denver's real estate market -- December's averaging selling price was $255,877, up over 13 percent from a year earlier. Ssales activity is strong for homes selling under $250,000 as well.

$5.4B NYC Real Estate Deal Sinks Owners (MalaysiaNews.net) - The record purchase price seemed outrageous to many real estate analysts, but the partnership believed it had a winning strategy: It would aggressively convert thousands of rent-regulated apartments o...