Homester.com Web News Archive

Deutsche Bank comes to rescue of troubled real estate division (AFP via Yahoo! News) - Deutsche Bank, the biggest German bank, charged to the rescue of its real estate division DB Real Estate, which is currently under fire for taking the unprecedented step of freezing one of its so-called open-ended property funds.

FINANCIAL BODIES CONFIDENT IN CHINA'S REAL ESTATE MKT: REPORT (Asia Pulse via Yahoo! Australia & NZ Finance) - Statistics Some 70 per cent of Chinese financial organizations have shown confidence in the climate of the Chinese economy and the real estate market next year, according to a research report released by the China Index Research Institute.

Financial Bodies Confident In China's Real Estate MKT: Report (Asia Pulse via Yahoo! Australia & NZ News) - Some 70 per cent of Chinese financial organizations have shown confidence in the climate of the Chinese economy and the real estate market next year, according to a research report released by the China Index Research Institute.

Real estate firm gives 114 acres to City of Parks initiative (bizjournals.com via Yahoo! Finance) - Brown, Noltemeyer & Mattingly LLC, a Louisville real estate development firm, has agreed to donate 114 acres to Louisville-Jefferson County Metro Government's City of Parks initiative.

How to find real estate investors' club (The Charlotte Observer) - Q. About six months ago, I bought my first rental house. I've heard there are real estate investors' clubs. How can I find one in my area?

Donald Trump Sued by Real Estate Brokers (AP via Yahoo! News) - Donald Trump faces a lawsuit by three real estate brokers who say he still owes them $1.3 million from the profitable sale of land and apartments he owned in Manhattan.

U.K. Real-Estate Stocks Rise, Paced by Hammerson; Anglo Drops (Bloomberg.com) - Dec. 15 (Bloomberg) -- U.K. real-estate stocks rose, paced by Hammerson Plc and British Land Co., after the Financial Times said the nation's government announced proposed legislation for real estate investment trusts.

Donald Trump sued by NYC real estate brokers for $1.3 million (New York Newsday) - Donald Trump is being sued for $1.3 million by three real estate brokers who say he has failed to pay them in full after the profitable sale of land and apartments he owned on the former West Side Manhattan rail yards.

Deutsche Bank May Face Legal Action on Real Estate Fund Freeze (Bloomberg.com) - Dec. 15 (Bloomberg) -- Deutsche Bank AG, Germany's biggest bank, may face legal action over its decision to freeze a 6.1 billion-euro ($7.3 billion) real-estate fund of its DB Real Estate Investment GmbH unit.

"Solid" Gains forecast for Commercial Real Estate. (Turks.US) - The National Association of Realtors said Tuesday that it anticipates "solid" gains in the US commercial real estate sector through 2006. In the group's latest forecast for the commercial real estate market David Lereah, NAR's chief economist said.