Homester.com Web News Archive

Real Estate System Criticized (Washington Post) - A national consumer advocacy group yesterday condemned real estate trade groups as a "cartel" that sets prices and blocks competition to maintain its traditional commission structure and to keep discount firms from gaining market share.

Legacy Hotels Real Estate Investment Trust Appoints Vice President Real Estate (SYS-CON Media) - Legacy Hotels Real Estate Investment Trust ('Legacy' or the 'Trust') (TSX: LGY.UN) is pleased to announce the appointment of Edward Khediguian as Vice President, Real Estate.

Consumer Federation of America Releases Harsh Report on Real Estate Industry (Real Estate News) - NAR responds, saying consumers are better served by effective state regulation closer to local real estate markets than they would by Washington regulators.

Legacy Hotels Real Estate Investment Trust Announces Quarterly Distribution and Notice of Exchange of a Portion of Its (SYS-CON Media) - Legacy Hotels Real Estate Investment Trust ('Legacy' or the 'Trust') (TSX: LGY.UN) today announced a second quarter distribution of $0.08 per unit to unitholders of record as of June 30, 2006. Payment will be made on or about July 20, 2006.

Cumberland Real Estate adds partners, Wilson County office (Nashville Business Journal) - Cumberland Real Estate and Auction announced Tuesday it has named Jeff Hallums and Bob Sorey as new partners, and nine others as associate partners.

Real Estate Brokers a 'Cartel,' Consumer Group Says (Los Angeles Times) - WASHINGTON — Real estate brokers and their supporting organizations function as a cartel that stifles competition and protects high commission rates, the Consumer Federation of America charged in a report Monday.

Alexandria Real Estate Equities "buy" (New Ratings) - NEW YORK, June 20 (newratings.com) - Analyst Philip Martin of Cantor Fitzerald maintains his "buy" rating on Alexandria Real Estate Equities ( ARE.NYS ). The target price is set to $105.

SocGen Replaces Real Estate Chief (Global Money Management) - Quoc-Gian Tran , global head of real estate at Societe Generale Asset Management 's alternatives arm, is leaving to be replaced by Jean-Christophe Ginet , reveals IPE Real Estate . Although he has plans for a new career, Tran will remain as an advisor.

Consumer group goes after real estate industry (CNN Money) - A leading consumer rights group, the Consumer Federation of America (CFA), on Monday issued a report charging that real estate industry members act as a cartel to stifle competition, resulting in higher prices and poorer service for homebuyers.

UK real estate industry builds on technology with above average investment in IT (Computer Weekly) - Business Focus is a weekly column providing at-a-glance statistics and commentary on spending priorities and trends in particular sectors. This week we look at the real estate industry.