Homester.com Web News Archive

Citigroup Said to Cut Most of Asia Real Estate Team After Slump (Bloomberg) - Dec. 3 (Bloomberg) -- Citigroup Inc. fired most employees at its real estate investment banking team in Asia after slumping property prices stifled share sales and acquisitions in the industry, three people familiar with the matter said.

Englewood real estate agent gets 7 years (Denver Post) - Former Englewood real estate agent Arvin Weiss, 58, was sentenced to seven years in federal prison today for falsifying loan documents, defrauding the government and preying on Latino immigrants

Real estate agent gets 7-year sentence (BizJournals) - Englewood real estate agent Arvin Weiss was sentenced Tuesday to seven years in federal prison after a federal jury in Denver convicted him of fraud and witness tampering in what authorities called a sophisticated scheme to cheat mortgage companies that fund federally insured loans.

Qatar Real Estate Investment receives funding (AME Info) - QNB Al Islamic and International Islamic will together provide QR1bn Shariah-principled funding for Qatar Real Estate Investment Co, whose future projects are estimated at QR2.5bn, reported Gulf Times. Al Islami will contribute QR700mn and International Islamic will add QR300mn to the finance pool.

Real estate slump helps end Martin County's legal battle against Port St. Lucie growth, developers (Fort Pierce Tribune) - The declining real estate market helped end the dispute between Martin County and Port St. Lucie over who should pay for new roads, boat ramps and beach accesses in Martin County to serve new Port St. Lucie residents, several city and county officials said Tuesday.

Real Estate: (The Capital) - In past columns, we've said that all real estate is local, so you should be aware of local market conditions, rather than let yourself be led by national trends. In this column, we'll show you why.

CNA Reinforces Its Commercial Real Estate Appetite with New Coverage and Service Enhancements (Finanzen.net) - Last Spring, CNA announced commercial real estate and property owners as a part of its targeted Middle Market focus class initiative. Today, the ...

Report: Real Estate sales and prices dropping (News 1130) - Bad news for home sellers, good news for home buyers. The latest numbers from the Real Estate Board of Greater Vancouver show nearly 2,000 fewer sales in November, nearly a 70% drop from November 2007 ...

How to Buy Florida Commercial Real Estate (Turks.US) - The process of buying Florida commercial real estate is generally the same as in other states, although there may be a few changes in terms of the documents and features.

Former employee sues real estate mogul Kushner (Reuters) - NEW YORK (Reuters) - A former employee of Charles Kushner has sued the real estate mogul, his son, companies and the family's New York Observer newspaper, saying he is owed up to $4.48 million for work he did in 2007 pertaining to the $1.8 billion purchase of 666 Fifth Ave in New York City.