Homester.com Web News Archive

Real estate funds are still hot (AP via Yahoo! News) - While some homeowners have been wringing their hands, agonizing over a cooling real estate market, they might be surprised to see that real estate funds are on track to top the market for the seventh straight year.

Ex-TV talk show host Griffin now into real estate sales (Reuters via Yahoo! News) - Merv Griffin, the former U.S. television talk show host and producer who became a real estate investor and hotel and casino operator, said on Tuesday that he had formed a new residential real estate brokerage.

Real estate downturn hits real estate agents (CNN Money) - There wasn't just a boom in real estate over the past decade - there was also a big boom in real estate agents.

Indian real estate rush lures foreign investors (International Herald Tribune) - India will have at least 50 property-related initial public offerings in the next year as the real estate industry booms, according to Anish Jhaveri, the head of equity sales at HSBC Holdings in India.

Nomura gains as real estate prices surge (International Herald Tribune) - Shares of Nomura Real Estate Holdings, which completed the largest initial public offering in Japan this year, rose 18 percent on their first day of trading Tuesday on speculation that rising property prices would raise profit.

Nomura Real Estate shares rise 13% on debut (The Star Online) - TOKYO: Shares in Nomura Real Estate Holdings Inc jumped 13% on its market debut yesterday, aided by strong growth prospects for the property sector as Japan's economic recovery boosts demand for office space and homes.

Rayonier Closes on Real Estate Deals (AP via Yahoo! Finance) - Rayonier Inc., a real estate investment trust and forest products company, said Tuesday it closed on three real estate transactions totaling 6,600 acres for about $54 million.

Real Estate Funds Are Still Hot (WJLA-TV Washington D.C.) - NEW YORK (AP) - While some homeowners have been wringing their hands, agonizing over a cooling real estate market, they might be surprised to see that real estate funds are on track to top the market for the seventh straight year.So far this year, real estate funds are up about 22.16 percent, and they were up about 8.37 percent in the third quarter, according to Lipper Inc., which tracks funds.

Real estate agents see rents falling after the Games (The Peninsula) - doha • Real estate agents expect house rents to come down after the Asian Games. They argue that a lot of new housing stock is likely to be ready for occupation during the Games. But once the event is over, they will be vacant.

Brookfield Real Estate Opportunity Fund Closes on Acquisition of 5.3 Million Square Foot Commercial Portfolio in U.S. (SYS-CON Media) - Brookfield Asset Management Inc. (TSX: BAM)(NYSE: BAM)('Brookfield') announced today that its Real Estate Opportunity Fund ('BREOF') has acquired from affiliates of JPMorgan Chase & Co. (NYSE: JPM), a 5.3 million square foot portfolio of commercial properties across the U.S. for $460 million.