Homester.com Web News Archive

Japanese pension fund group eyes real estate (International Herald Tribune) - The Japanese Pension Fund Association, which manages ¥13 trillion, or $110 billion, in retirement assets, is considering investing more in real estate to bolster returns for its rolls of clients nearing retirement age.

Packer, MacBank nab German online real estate (Sydney Morning Herald) - A consortium of James Packer's PBL and Macquarie Bank will acquire a majority stake in a German online real estate advertising company.

Manhattan defying real estate downturn (AM New York) - City thrives as rest of US markets fail Much of the country is facing the worst real estate downturn in recent memory, and the symptoms are unmistakable: High inventory, overbuilding by developers, fewer properties moving after spending more time on the market and, of course, fewer people buying.

Behringer to Buy IPC US Real Estate for $600 Million (Update1) (Bloomberg.com) - Aug. 14 (Bloomberg) -- Behringer Harvard, a closely held U.S. real estate investment company, agreed to pay about $600 million in cash to buy IPC US Real Estate Investment Trust, which owns office buildings in states including New York, Florida and Texas.

Ahead of the Bell: Real Estate (AP via Yahoo! Finance) - A Lehman Brothers analyst on Wednesday downgraded four commercial real estate finance companies because of the dearth of buyers in the debt market.

CalPERS Mulls Major Revamp of Real Estate Portfolio (CoStar Group) - In what could be viewed as a major coup for the global property marketplace, the nation’s largest pension fund is considering restructuring its investment allocation guidelines to earmark at least 50% of future real estate investment to foreign markets...

Hot summer... for real estate (Richmond Review) - If you’re planning to sell your home, don’t expect it to take long. These days, the average home stays on the market for 38 days, according to the Real Estate Board of Greater Vancouver.

GE Real Estate Invests $15.5M in Three Multifamily Properties (Multi-Housing News) - Denver—GE Real Estate, a leading global resource for commercial real estate capital, has invested in three multi-family communities across three states.

Your Black Muslim Bakery's Yusuf Bey IV accused in real estate scam (San Francisco Chronicle) - The leader of Your Black Muslim Bakery, already accused of kidnapping and torturing a woman, is facing new charges in an alleged real-estate scam, court records show. Yusuf Bey IV, 21, was charged in Alameda County Superior Court with forgery, grand theft,...

Dont pay extra cash for real estate deeds (Marshfield News Herald) - Anyone needing a deed for a real estate property does not need to pay almost $60 through an outside company. Counties have a register of deeds office, which provides copies of deeds for $2 for the first page plus $1 for each additional page, and a certification fee of $1 per document copy. The average number of pages per deed is one to two pages.