Homester.com Web News Archive

Nathan Brodsky, 89, Chief of Real Estate Corporation, Dies (New York Times) - Nathan Brodsky, a Manhattan real estate developer, got his start by rehabilitating small buildings and later dotted the skyline with sleek residential towers.

Zillow 'humbled' by real estate industry (San Diego Daily Transcript via Yahoo! News) - SAN FRANCISCO -- The creators of online home-valuation service Zillow learned the same lesson that many innovators and entrepreneurs before them have learned: Real estate is difficult, it's local and it's not the travel industry.

Poly Real Estate jumps 43% on Shanghai debut (The Star Online) - SHANGHAI: Poly Real Estate, the first property firm to list in China for over a year, jumped 43% on its Shanghai bourse debut yesterday, as investor interest in new shares outweighed worries about official efforts to cool the property market.

Real estate sales healthy, but below record sales last year (Albany Business Journal) - The first six months of the year proved stronger than anticipated for the real estate market in the Albany, N.Y., region, but officials are still expecting total sales in 2006 to fall below last year's record-setting mark.

National Franchisor Help-U-Sell and Real Estate Search Engine Trulia Partner (Real Estate News) - Move will connect more consumers with real estate professionals online

Real estate exuberance over but gloom hasn’t arrived (Inside Tuscon Business) - Irrational exuberance may now be out of fashion in the residential and commercial real estate markets, but so far gloom hasn’t taken its place. Instead, strength in the overall economy along with Tucson’s continuing advantages are keeping prices up and inventories low.

Internet real estate harder to find (The Globe and Mail) - On-line real estate is getting harder to find.According to Dotster Inc., a company that sells Internet domain names, and website developers are increasingly worried about a shortage of domain names.

Resource Capital Corp. Prices $345.0 Million Commercial Real Estate Collateralized Debt Obligation (Business Wire via Yahoo! Finance) - NEW YORK----July 31, 2006--Resource Capital Corp. announced today that it priced its first commercial real estate collateralized debt obligation on July 27, 2006. Resource Real Estate Funding CDO 2006-1, Ltd. will issue $265.6 million of non-recourse notes rated AAA through BBB- secured by $345.0 million of commercial real estate loans originated by the Company.

Morgan Stanley Real Estate makes first Russia move (Reuters via Yahoo! Asia News) - MOSCOW, July 31 (Reuters) - The real estate arm of Morgan Stanley has made its first foray into the Russian market by buying 10 percent of developer RosEuroDevelopment, the U.S. investment bank said on Monday.

• Morgan Stanley Moves into Russian Real Estate Market (Turks.US) - The U.S. investment bank said on Monday that the real estate arm of Morgan Stanley has made its first foray into the Russian market by buying 10 percent of developer RosEuroDevelopment.