Homester.com Web News Archive

Quebec’s Caisse Loses C$5.7 Billion on Real Estate (Update1) (Bloomberg) - Aug. 11 (Bloomberg) -- Caisse de Depot et Placement du Quebec, Canada’s biggest pension-fund manager, said declining real estate values led to C$5.7 billion ($5.2 billion) in first- half losses, wiping out a 5 percent gain by other investments.

Huge real estate loss wipes out Caisse's first half gains (Toronto Star) - MONTREAL – Canada's largest pension fund manager, the Caisse de depot et placement, is revamping its real estate arm and abandoning riskier commercial loans after $5.7 billion in losses wiped out other gains during the first half of 2009.

Pair accused of stealing real estate agent's credit cards (9 News Denver) - CENTENNIAL - Investigators are looking for two people who they believe stole from a real estate agent's purse and then used her credit cards.

High-profile Calif. real estate agent acquitted (AP via Yahoo! News) - A high-profile Beverly Hills real estate agent has been acquitted of participating in a massive mortgage fraud scheme that caused federally insured banks to lose more than $40 million.

Brookfield forms group to invest in real estate (National Post) - Brookfield Asset Management Inc. is expanding its tentacles in the world of distressed debt. The Toronto-based firm has teamed up with its sister company, Brookfield Properties Corp., to form a consortium with a fund of US$4-billion to invest in the battered real estate market

Quebec's Caisse de depot first half gains wiped out huge real estate loss (The Canadian Press via Yahoo! Canada News) - MONTREAL - Canada's largest pension fund manager, the Caisse de depot et placement, is revamping its real estate arm after $5.7 billion in losses, mostly in real estate, during the first half of 2009 wiped out other investment gains.

Real Estate (Fort Myers Florida Weekly) - Prudential Florida Realty announced that Vonda Kelly (formerly Vonda Adgate) and Nathan Fred Shaw have now joined the Fort Myers office. Together they have close to 40 years of successful real estate experience. Ms.

Weak global real estate market leads to shake up at Caisse (Investment Executive) - The Caisse de dépôt et placement du Québec is repositioning its real estate group to focus on its core businesses after reporting a $5.7 decline, the Quebec pension manager said Tuesday.

Barwa Real Estate to invest $9bn in Egypt (The Peninsula) - Doha: Barwa Real Estate plans to invest more than 50bn Egyptian pounds ($9bn) in the coming few years in Egypt to establish an integrated mixed-use community project over more than 2,000 feddans in New Cairo.

Beazer Homes Selects Local Market Monitor for Real Estate Forecasting (dBusinessNews.com) - CARY – Local Market Monitor, the premier real estate forecasting solution, announced today its newly formed partnership with Beazer Homes, one of the nation’s top ten homebuilders.