Homester.com Web News Archive

Democrats ask OCC to clarify real estate rules (Reuters via Yahoo! News) - Two senior Democrats on the U.S. House Financial Services Committee asked federal bank regulators on Tuesday to further clarify recent interpretations on banks' ability to own real estate ventures such as a hotel.

Real estate broker switches networks (Milwaukee Journal Sentinel) - The Boerke Co., a Milwaukee commercial real estate brokerage, has dropped its affiliation with Grubb & Ellis...

CORRECTED - Reuters Summit-Quotes from the Real Estate Summit (Reuters via Yahoo! Asia News) - Corrects John Jacobsson's third quote to read, "I can't think of any market in the world that isn't priced to perfection, as it were," instead of "No real estate market in the world is priced to perfection." (For other news from the Reuters Real Estate Summit, click on http://today.reuters.com/summit/SummitInfo.aspx?name=RealEstateSummit06&pid=500)

Reuters Summit- GE Real Estate likes Japan and Mexico (Reuters via Yahoo! Asia News) - (For other news from the Reuters Real Estate Summit, click on http://today.reuters.com/summit/SummitInfo.aspx?name=RealEstateSummit06&pid=500) NEW YORK, June 27 (Reuters) - GE Real Estate is keen on investing in Japan and Mexico, but South America is currently not on the radar, the head of the real estate arm of General Electric Co. said ...

TRAINING & BUSINESS DEVELOPMENT: Nevada’s Excel Real Estate Academy Joins the RealtyU Network (Real Estate News) - With over 30 years in pre-licensing instruction and over 40 years of brokering experience, Excel Real Estate Academy hit the ground running just over two years ago as a correspondence-only pre-licensing school

NDC Capital Partners Announces a Real Estate Co-Investment With Athena Real Estate (SYS-CON Media) - NDC Capital Partners LLC ('NDC') todayannounced a co-investment with Athena Real Estate LLC ('Athena') for theacquisition of a 55,000 square foot, self storage facility with 382 units.The facility, which opened in March 2005, is located in Pensacola, Florida.Northwest Florida and Pensacola are experiencing significant economic andhousing growth. A significant number of new housing developments

• New Strategies for US Real Estate Terror Insurance Introduced (Turks.US) - The United States have many things to learn from Europe in real estate. After the attacks on New York's World Trade Center of September 11, 2001, which caused insured losses of $32.5 billion, France set up a government-backed insurance pool to pick up damage costs if similar attacks happen there.

AMFI welcomes norms for real estate funds (New Kerala) - Mumbai, Jun 27: Association of Mutual Funds in India (AMFI) today welcomed market regulator Sebi's guidelines for real estate funds, saying the decision would help retail investors invest in the booming market.

• Chicago Real Estate Services Firm Agreed on a Deal (Turks.US) - A Chicago-based real estate services firm, Equis Corp., announced on Monday that it has agreed to merge into Australia's United Group Ltd. in a deal valued at about $120 million.

Hypo Real Estate Shares Recover As Expected (New Ratings) - 1232 GMT [Dow Jones] Hypo Real Estate (HRX.XE) +2.3% at EUR47.07, rising well above other DAX gainers in afternoon trade. Given the share's sharp recent downward correction, this upswing doesn't come as a surprise, says trader.