Homester.com Web News Archive

Morgan Stanley to Buy Real Estate Trust (AP via Yahoo! News) - Morgan Stanley's Prime Property Fund said Monday it will acquire real estate investment trust AMLI Residential Properties Trust, which owns and manages a number of high-end apartment communities, for $2.1 billion in cash and assumed debt.

REAL ESTATE MAILBAG (Washington Post) - Q DEAR BOB: We recently signed a purchase contract to buy a house, using $25,000 as the required deposit. A week later, after working our mortgage payment numbers, we found we could not afford to buy it. After many sleepless nights, we told our real estate agent we had to back out of the contract....

Principal Real Estate Investors, U.S. Bank team up (The Des Moines Register) - Principal Real Estate Investors and U.S. Bank have formed a business to invest in the commercial mortgage backed securities market. Principal Real Estate Investors is the real estate investment arm of Principal Global Investors, a member of Des Moines-based Principal Financial Group Inc. U.S. Bank, which is Iowa’s second-largest retail banking company, is the principal banking subsidiary of U.S.

Morgan Stanely Real Estate to buy AMLI for $2.1B (Crane's Chicago Business) - (Reuters) — Morgan Stanley Real Estate's $4.5 billion Prime Property Fund is to acquire AMLI Residential Properties Trust for about $2.1 billion in cash, the companies said on Monday.

Travel, real estate, lodging giant Cendant to divide into four companies (Lincoln Journal Star) - Cendant Corp., the $20 billion-a-year company that owns the Orbitz travel Web site and several hotel and real-estate brands, will split itself into four separate public companies, the conglomerate said Monday.

Survey Finds Majority of Homeowners Pay Principal on Interest-Only Real Estate Loans (Real Estate News) - RISMEDIA, Oct. 25, 2005 — Contrary to popular opinion, many American homeowners are making a concerted effort to pay down the principal balance of their interest-only real estate-secured loans -- despite rising gas prices and some signs of declines in consumer confidence.

Principal Real Estate Investors, U.S. Bank team up (The Des Moines Register) - Principal Real Estate Investors and U.S. Bank have formed a business to invest in the commercial mortgage backed securities market.

UM real estate program director calls for progressive development; says people want walkable, urban places to live (Crain's Detroit Business) - The new director of the University of Michigan ’s real estate certificate program plans to push progressive development, or projects that are both profitable and have positive long-term consequences.

Istanbul, U.A.E. real estate group to build office towers (The Daily Star Lebannon) - Istanbul authorities and a real estate group in the United Arab Emirates announced plans here Monday to begin construction next year of two 300-meter office towers. The announcement was made by Dubai International Properties (DIP) and the office of Istanbul mayor Kadir Topbas, who said that the complex - Dubai Towers-Istanbul - would be completed in 2008.

Morgan Stanley to Buy Real Estate Trust (WJLA-TV Washington D.C.) - NEW YORK (AP) - Morgan Stanley's Prime Property Fund said Monday it will acquire real estate investment trust AMLI Residential Properties Trust, which owns and manages a number of high-end apartment communities, for $2.1 billion in cash and assumed debt.The Prime fund, a $4.5 billion diversified real estate fund, will pay $37.75 per share or ownership unit in AMLI, a 21 percent premium over