Homester.com Web News Archive

Calpers firing some real estate portfolio managers (Reuters via Yahoo! News) - Calpers, the biggest U.S. public pension fund, has fired or will sack a number of its real estate portfolio managers amid steep losses for its property assets, according to a report on its web site.

CORRECTION: Calpers firing some real estate portfolio managers (Reuters via Yahoo! News) - (Corrects in 5th paragraph the quarter ended in June, not September) SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, has fired or will sack a number of its real estate portfolio managers amid steep losses for its property assets, according to a report on its web site.

Poly Real Estate Property Sales Rose 147% in First 11 Months (Bloomberg) - Dec. 10 (Bloomberg) -- Poly Real Estate Group Co. said its property sales for the first 11 months of this year rose 147 percent from the same period of 2008 to 40.4 billion yuan, according to a filing to Shanghai’s stock exchange.

Hanover real estate loses nearly $200 million in value (Richmond Times-Dispatch) - Hanover County real estate has lost nearly $200 million in value since last year, supervisors learned yesterday from the county’s chief assessor, John W. Nelms Jr. The overall decrease of 1.5 percent in value represents a nearly $195 million decline in residential real estate and a $2.8 million decline in commercial real estate, Nelms said. Assessments were calculated based on sales through the ...

VIDEO / TRANSCRIPT: Real estate market remains bleak; few bright spots, says Ross McIntosh (Naples Daily News) - The Southwest Florida real estate marketplace is as bleak as it looks and is still six years or so away from recovery.That is hurting the “Three Oaks corridor” in Estero as traditional neighborhoods give way to college-student housing.Federal financing for lower-income buyers is among few bright spots today.So says Ross McIntosh of Naples, a veteran real-estate dealer and analyst who now buys ...

Hanover real estate declines $200 million since 2008 (Richmond Times-Dispatch) - Hanover County real estate has lost nearly $2 million in value since last year, supervisors learned today from chief assessor John W. Nelms Jr. The overall decrease of 1.5 percent in value represents a $194,940,900 decline in residential real estate and $2,807,800 decline in commercial real estate, Nelms said. Assessments were calculated based on sales through the end of October, he said. Values ...

Calpers firing some real estate portfolio managers (MalaysiaNews.net) - SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, has fired or will sack a number of its real estate portfolio managers amid steep losses for its property assets, according to a...

China moves to cool real estate sector, curb prices (People's Daily) - The Chinese government intensified its efforts to cool the country's overheated real estate industry Wednesday. A policy was allowed to expire that had eliminated the turnover tax for those who sold homes they had owned for more than two years. From now on, the tax will instead be waived only for those selling homes they have owned at least five years. The new guidelines were released following ...

Real estate agent accused of molestation slain (San Francisco Chronicle) - A man found shot to death in his Alameda home last week was a 40-year-old real estate agent who had been facing child molestation charges, police said Tuesday. The body of Darin Gregory Vinall was found Dec. 2 in his townhouse on the 100 block of Parfait...

(AFX UK Focus) 2009-12-10 02:35 China Real Estate aims for Asia listing in 2010 (Interactive Investor) - HONG KONG, Dec 10 (Reuters) - China Real Estate Opportunities Plc (CREO) aims to list next year in Asia, where it plans to strengthen its foothold in the commercial property sector, the U.K-listed company said on Thursday.