Homester.com Web News Archive

Beantown's Real Estate Boom Has Firms Jumping (Law.com) - Law firms are cashing in on Boston's robust commercial and development market and adding real estate attorneys to collect the spoils. The building frenzy, coupled with brisk sales of high-rise buildings, is boosting revenue at the city's legal real estate strongholds. Elliot Surkin, the managing partner of DLA Piper's Boston office, says low office vacancy rates are driving the building surge. ...

Blackstone opens real estate office in Tokyo: sources (Reuters via Yahoo! News) - Global investment firm Blackstone Group is opening a real estate office in Tokyo to hunt for deals in Japan's booming property market, sources familiar with the matter said on Monday.

Building, real estate affected by foreclosure activity (The Daily Reporter) - COLDWATER — Some have been able to buy new homes, but many are still losing them. The repercussions are evident. Foreclosure is activity putting a chill on the real estate market and building activity.

ING Real Estate Entertainment Fund Placed in Trading Halt Pending Company Announcement (IEF.AX, 00748117, 20070814) (Aspect Huntley via Yahoo!7 Finance) - The securities of ING Real Estate Entertainment Fund will be placed in pre-open at the request of the Fund, until the earlier of the commencement of normal trading Thursday, 16 August 2007 or when the announcement is releases to the market.

Commercial Real Estate Could Become Victim of Credit Market Woes (Seeking Alpha via Yahoo! Finance) - Recent credit market woes could reduce the hefty prices that industrial real estate has commanded over the past few years, analysts say. "The sale prices of assets are going to decrease," said Robert Horowitz, of Cooper-Horowitz Inc.

Township residents want to know about a proposed deal to divert real estate taxes for a planned $100 million shopping ... (Reading Eagle) - Township residents want to know about a proposed deal to divert real estate taxes for a planned $100 million shopping center to pay for road improvements.

REAL ESTATE AGENCIES (St. Petersburg Times) - NEVSKY PROSTOR (show on map) Since 1996 year "NEVSKY PROSTOR" has been in the range of the top ten real estate companies. In 1998 "NEVSKY PROSTOR" became an official member of the Real Estate Association of Saint-Petersburg and started co-operation with The St.Petersburg Times.

Sixteen Sites Could Become Prime Real Estate in Downtown Cedar Rapids (KCRG-TV9 Cedar Rapids) - CEDAR RAPIDS -- A committee charged with encouraging more people to move downtown has a new plan for Cedar Rapids. The committee says sixteen properties could one day become prime real estate for people looking to live downtown.

Real estate career conference Aug. 16 (St. Clair County Journal) - Strano & Associates, 1910 Carlyle Ave. in Belleville will host a real estate career night at 6:30 p.m., Thursday, Aug. 16.

Pristine Real Estate Industry Tarnished by Rogue Developers (New York Press) - Two real estate developers are facing up to 20 years in prison each for defrauding investors of more than $27 million in a mortgage scheme. They were arrested and charged in U.S. District Court today.