Homester.com Web News Archive

This real estate slump may be painful, but for now it’s no ’80s flashback (BizJournals) - Foreclosures, declining property values, a construction slump and slower leasing and sales have hammered the North Texas commercial real estate market, but so far the area has felt only a fraction of the pain it suffered during the real estate collapse of the late 1980s and early 1990s.

Stinson, Thompson Coburn increase real estate deals (BizJournals) - The economic downturn didn’t slow commercial real estate activity last year at Stinson Morrison Hecker, which saw a 131 percent increase in the number of transactions compared to 2007.

Congress examines ‘ticking time bomb’ in commercial real estate loans (BizJournals) - Banking industry observers are keeping a careful eye on commercial real estate loans, fearful that loans made during the earlier part of the decade may trigger the next crisis in the industry.

Stapp named director of ASU real estate development program (BizJournals) - Veteran real estate investor, planner and developer Mark Stapp was named July 16 to head up the Master of Real Estate Development program at Arizona State University. He replaces Ryc Loope, the program’s founding director, who remains a professor at ASU and a working architect.

Hawaii commercial real estate investment plunges 44% (BizJournals) - The dollar volume for commercial real estate investment in Hawaii for the first six months of 2009 dropped by nearly half from the first half of 2008, according to a new report.

Banks work on moving real estate off the books (BizJournals) - As foreclosed real estate piles up on their books, banks have lots of options for how to unload it. But none of them is easy or profitable these days.

Trying new things: Stuck in a downturn, commercial real estate sector works to diversify (BizJournals) - There was a time when the commercial real estate business was, if not easy, at least somewhat straightforward. Develop a niche, promote your expertise and win your share of work in an expanding market.

Commercial real estate takes pounding: Birmingham brokers say some recovery signs are apparent (BizJournals) - Signs of life are beginning to show in Birmingham’s commercial real estate market, but local brokers say the future is still uncertain.

Real estate firm markets to worried owners (The Post and Courier) - West Ashley real estate firm has a new focus: the financially struggling.

REAL ESTATE SALES DISCLOSURES 8/3/09 (The Seymour Tribune) - The following real estate sales disclosures were filed in the Jackson County auditor’s office, Brownstown: Marc A. Lahrman, sheriff to Wells Fargo Bank, 205 S. Depot St., Brownstown, $71,186.34, Oct. 9, 2008. Wells Fargo Bank, N.A., to The