Homester.com Web News Archive

Real estate wrap: Outdoor furniture firm finds bigger space (bizjournals.com via Yahoo! Finance) - Real estate wrap is the Philadelphia Business Journal's weekly list of recent real estate deals. Topping the list this week:

Tribune Company Sold to Real Estate Magnate (NPR) - The Chicago-based Tribune Co. has announced it will be sold. The company is quite profitable, but many of its 11 daily newspapers have suffered big drops in advertising revenue -- and major shareholders rebelled after its stock price suffered. The new chairman of Tribune is to be the iconoclastic billionaire Sam Zell, a real estate magnate. He'll invest just $315 million of his own money into the ...

Tribune Accepts $8.2 Billion Bid from Real Estate Mogul (The Online NewsHour) - The Tribune Co. on Monday accepted an $8.2 billion buyout offer from Chicago real estate investor Sam Zell. The NewsHour takes a look at the potential impact of the sale on the media company and newspaper industry.

Real estate magnate wins bidding for Tribune (Los Angeles Times) - Billionaire real estate mogul Sam Zell has reached an agreement to buy Tribune Co. in a two-stage deal valued at $8.2 billion, or $34 a share, the company said this morning.

Ex-real estate magnate Zell buying Tribune Co. (Seattle Times) - Tribune Co. has accepted a buyout offer from real estate investor Sam Zell in a deal valued at about $8.2 billion and plans to sell the...

Real Estate Industry Wise to Keep an Eye on Oil-Related Costs (Commercial Property News) - Oil and real estate have a connection--energy costs can really have an impact on the bottom line. Chris Albrecht, director of energy procurement for utility, lease and expense management firm Cadence Network Inc. is well aware of this and suggest that those in commercial real estate watch oil costs.

Real estate 'bubble book' explains how to make a profit (Reno Gazette-Journal) - Only serious real estate investors, brokers, sales agents and homeowners will read "Beyond the Bubble" by Michael C. Thomsett and Joshua Kahr. This is a serious thinking-person's book explaining so-called local "real estate bubbles" and how individuals can profit from them.

Realize Big Returns with Real Estate (Helena Daily World) - (ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days.

Kirt Klaholz, top real estate chief, steps down (Las Vegas Business Press) - Kirt Klaholz, a major force in Southern Nevada real estate, last month retired as regional senior vice president of Stoltz Management. Klaholz, 62, had overseen the firm's local portfolio of office, industrial and flex buildings totaling over 2.1 million square feet.

Real estate mogul to purchase newspaper giant (BizJournals) - The parent company of The Chicago Tribune and Los Angeles Times will be sold to a real estate mogul and go private, the Tribune Co. said early Monday.