Homester.com Web News Archive

LA Real Estate Mogul Plans to Light Up Blade Runner -Style Billboards (Wired News) - Wasn't Blade Runner supposed to depict a bleak, dystopian future? Someone really should tell Sonny Astani. The 55-year-old real estate mogul is planning to bring 2019 Los Angeles to life in the form of two 14-story animated billboards modeled on Ridley Scott's opening sequence. "I saw Blade Runner at least five times," says Astani, whose empire encompasses thousands of Southern California ...

How low will real estate go? (Pittsburgh Post-Gazette) - Though the national real estate market remains bleak, it's assumed that when housing dips to a point where buyers think it represents a bargain, they'll buy back in.

Real estate loss cuts 1st-qtr profit of utility Allete (AP via Yahoo! Finance) - Allete Inc., a coal, utility and real estate company, said Friday its first-quarter profit fell 10 percent as expenses rose and its Florida land business swung to a loss.

Brookfield Real Estate Services Completes Interest Rate Swap Agreement With Canadian Imperial Bank Of Commerce - Quick ... (Nasdaq) - (RTTNews) - Brookfield Real Estate Services Fund (BRE_U.TO) announced that it has completed an interest rate swap agreement with the Canadian Imperial Bank of Commerce or "CIBC" which fixes the interest rate on its recently completed C$15 million Term Facility at 4.29% with effect from April 7, 2008.

Real estate projects face funding obstacles (Chicago Tribune) - Developers, commercial properties run into money trouble as stricter lending practices come into play and fewer buyers place bids There is little doubt that the nation's credit crisis has cooled speculative real estate projects in Chicago, but now that chill has spread to developments with marquee tenants and backed by established companies.

Palmyra trims real-estate tax hike to 6% (Lebanon Daily News) - PALMYRA — The Palmyra Area School District released a proposed 2008-09 budget of $34.9 million Thursday night that requires a nearly 6 percent increase in the real-estate tax.

RioCan Real Estate Investment Trust Posts Lower Q1 FFO - Quick Facts (Nasdaq) - (RTTNews) - RioCan Real Estate Investment Trust (REI_U.TO) on Friday said first quarter net earnings declined to C$30.28 million or C$0.14 per share from C$37.40 million or C$0.18 per share in the same period last year.

UC Berkeley's 13th Annual Fisher Center Real Estate Conference (Newswise) - "Mid-Year Update: Has the Other Shoe Dropped?," the topic of the 13th annual Fisher Center Real Estate Conference, at which leading experts from academia, business and government will examine current trends and critical issues in the real estate market, particularly in California.

Village Real Estate starts first suburban office in Franklin (BizJournals) - Village Real Estate Services has opened its first office in Williamson County in historic downtown Franklin.

RMR Advisors, Inc. Announces Launch of RMR Real Estate Securities Fund (Centre Daily Times) - RMR Advisors, Inc. today announced it has expanded its investment offerings with the addition of RMR Real Estate Securities Fund, its first open end mutual fund.