Homester.com Web News Archive

Team spirit turns hockey star into real estate czar (USA Today) - Lenders are collapsing, home sales and prices in many markets are falling and lots of investors are panicking. Not Warren Buffett. He told a group of his real estate managers late last month in Omaha that he sees this as a time of opportunity. The man who will try to seize some of those opportunities for him is Ron Peltier, CEO of HomeServices of America.

Commercial Real Estate Right On The Money (Forbes) - With the subprime crisis scaring off investors, commercial real estate may be the way to go for those looking for a bargain.

Real estate roundup: Tualatin apartments sell for $117,700 per unit (bizjournals.com via Yahoo! Finance) - The Stonesthrow Apartments, a 232-unit complex in Tualatin, has been sold through a San Jose, Calif., firm that specializes in 1031 exchange transactions, investing real estate proceeds in replacement properties for tax purposes.

Real estate broker Chris Wally reopens own firm (The Kansas City Star) - Kansas City commercial real estate broker Chris Wally is reopening his own firm after working seven years for national real estate companies.

GE plans big purchases of Japanese real estate (International Herald Tribune) - GE Real Estate may increase its Japanese property holdings more than 60 percent this year to reach ¥1 trillion, or $8.6 billion, and is considering buying companies with property assets.

Cutbacks Mount in Real Estate Industry (Washington Post) - Washington's real estate industry, already pinched by a slowdown in residential construction, is bracing for further retrenchment after last week's meltdown in the mortgage market.

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.

Lee real estate sales numbers continue to slide (Naples Daily News) - It was more unsettling news for the local real estate market Monday.

Saratoga real estate firm to open Greenwich office (BizJournals) - ProRealty of New York, a Saratoga Springs real estate company, is opening a fourth location Sept. 1 in Greenwich, N.Y.

Prudential Santa Fe Real Estate Expands to Serve Albuquerque, Rio Rancho and Surrounding Areas (PR Newswire via Yahoo! Finance) - Fulton Murray, CEO of Prudential Santa Fe Real Estate announced today that it has acquired JR Realty of Albuquerque and Rio Rancho. With the completion of this transaction, Prudential Santa Fe Real Estate strengthens its presence in Northern New Mexico.