Homester.com Web News Archive

Luxury Real Estate Snapshot: Vermont (BusinessWeek Online via Yahoo! News) - To many people Vermont conjures up images of pristine wilderness, weather-beaten farmers, aging hippies, skiing, and Ben & Jerry's ice cream. What most people probably don't think of is luxury real estate. They should think again.

BRIEFING - ASIA REAL ESTATE - DEC 5, 2006 (Asia Pulse via Yahoo!7 Finance) - Bahrain's Cabinet has taken decision that would boost the property sector by making ownership laws more flexible. Non-Bahrainis will soon be able to buy real estate of 10-storey flat blocks and above throughout the kingdom. Private and tourism investment projects will also be open to them.

Briefing - Asia Real Estate - Dec 5, 2006 (Asia Pulse via Yahoo! Asia News) - An executive briefing on real estate for Dec 5, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

Abu Dhabi to get Urban Development Centre - ULI & TDIC commit to develop real estate education facility (Mena Report) - The UAE capital, Abu Dhabi, is to host a dedicated Urban Development Centre within three years with the Urban Land Institute (ULI) – the international, non-profit research and educational organisation that caters to professionals in land use and real estate development – committing to establish a real estate education facility within the centre.

Aspire Real Estate to unveil local and international projects valued at AED15 billion during Cityscape 2006 (AME Info) - Aspire Real Estate, a leading real estate marketing and sales company in the Middle East announced today that it will unveil two new projects at Cityscape 2006 alongside a number of recently launched developments.

Shanghai Real Estate in $106 mln share sale (Reuters via Yahoo! Asia News) - HONG KONG, Dec 5 (Reuters) - Chinese property firm Shanghai Real Estate Ltd. was selling shares as part of a placement worth up to US$106 million priced at a discount of 4 percent to 7.9 percent below its last closing price, according to a term sheet obtained by Reuters.

Commercial Real Estate Booming in Reno (KTVN Reno) - Realtors from across the area met at the Peppermill on Monday to talk about trends in commercial real estate and where the market is headed. The consensus—while the housing market may be flattening, and home prices dropping, commercial real estate is better than ever.

American Real Estate Submits Reckson Bid (AP via Yahoo! Finance) - American Real Estate Partners LP, which is majority owned by financier Carl Icahn, on Monday submitted a $4.3 billion cash and stock bid for real estate investment trust Reckson Associates Realty Corp.

First Gulf Bank Real Estate unveils Burj Al Nujoom (Mena Report) - First Gulf Bank’s Real Estate Department (FGB RED), launched today its latest project in Dubai -- the Burj Al Nujoom. The new property will rise up to a total of 30 floors, with 395-unit apartments.

Quebec's Cominar Real Estate Investment Trust teams with Alexis Nihon REIT (Canadian Business) - Luann Lasalle December 4, 2006 - 5:00 p.m. MONTREAL (CP) - Cominar Real Estate Investment Trust (TSX:CUF.UN) is paying more than $500 million to acquire Alexis Nihon Real Estate Investment Trust (TSX:AN.UN) as two of Quebec's biggest property owners merge.