Homester.com Web News Archive

New president for peak real estate body (Sydney Morning Herald) - Colliers International chief executive Tony Brasier has been elected president of Australia's peak real estate industry body, the Real Estate Institute of Australia.

Economists expect sharp recession after real-estate bubble bursts (Sun-Sentinel) - NEW YORK · Much of the nation has had a lovely real estate boom for the past five years, but the house party is almost over and the cleanup won't be pretty.

AC Real Estate files in year's biggest failure (The Japan Times) - AC Real Estate Corp., set up to dispose of the nonperforming real estate holdings of ailing general contractor Fujita Corp., has filed for court protection from creditors with liabilities of some 352.6 billion yen, company officials said Wednesday, making it the year's largest corporate failure.

FORBES/SLATIN REAL ESTATE REPORT (The Slatin Report) - The market-focused Forbes/Slatin Real Estate Report blends the real estate insight and experience of The Slatin Report with the depth and breadth of Forbes to provide a fresh look at the growing importance of real estate securities to today's investor.

Correction to Real Estate Sector Likely in 2006 (Real Estate News) - RISMEDIA, Nov. 17 — The experts have spoken, and a real estate market correction is widely anticipated for 2006. Despite a continuous flow of capital into commercial real estate in late 2005, many of the biggest investors have sold assets. Amid so much uncertainty, what should real estate investors expect in the coming year and how can you protect your portfolio?

Urban Living rolls out new real estate sales subsidiary (BizJournals) - Urban Living, a real estate company that specializes in properties inside the Loop, has launched Urban Living Lite.

Real Estate Market Starts To Slow Down (Des Plaines Journal) - One of the most astute real estate investors in the United States was recently quoted concerning the United States real estate market. He said, "There is too much money chasing too few good deals with too much debt and too few brains".

Real Estate Bubble (WCJB) - It's a great time to sell, but maybe a tougher time to buy a home in Gainesville right now. New numbers from the National Association of Realtors show prices are still going up, but some experts aren't expecting the real estate bubble to burst anytime soon in North Central Florida.

McDonald's investor wants real estate spinoff (USA Today) - William Ackman, managing partner of Pershing Square Capital Management, said McDonald's should spin off 65% of the 8,000 restaurants it owns and borrow $14.7 billion against its real estate to buy back shares. The chain owns 37% of the land beneath the more than 30,000 McDonald's restaurants worldwide.

County real estate companies expand into Larchmont, Mamaroneck (Westchester County Business Journal) - Two large, long-standing real estate companies in the county have each announced they have a new office in neighboring communities on Long Island Sound.