Homester.com Web News Archive

Indian firm raises $800 million for real estate fund (International Herald Tribune) - Housing Development Finance, the second-largest Indian mortgage company, said Thursday it raised $800 million from overseas investors for a real estate fund to tap the nation's surging demand for homes and offices.

More commercial real estate deals feeling the pinch (Minneapolis-St. Paul Star Tribune) - The credit squeeze born out of the subprime housing lending debacle has begun to carry over to commercial real estate, putting the brakes on what had been a brisk market in buying and selling income-producing properties. The Minnesota Vikings' cancellation of a $45 million deal to buy Star Tribune property near the Metrodome could be the first visible sign of a transaction called off because of ...

Carrefour Bows to Pressure, Plans Real-Estate IPO (Update5) (Bloomberg.com) - Aug. 30 (Bloomberg) -- Carrefour SA, Europe's biggest retailer, plans to sell shares in a real-estate unit and buy back as much as 4.5 billion euros ($6.2 billion) of stock, bowing to pressure from investors.

78 real estate giants queue up to revamp Dharavi (Indian Express via Yahoo! India News) - For a slice of a Mumbai slum's real estate and to grab a seat alongside those riding the financial capital's next promised boom, 78 companies including the big daddies of global real estate are vying to participate in the proposed redevelopment of Dharavi. As the last of the Expressions of Interest came in on Thursday evening, those at the Slum Rehabilitation Authority (SRA) of the Government of ...

Carrefour Bows to Pressure, Plans Real-Estate IPO (Update4) (Bloomberg.com) - Aug. 30 (Bloomberg) -- Carrefour SA, Europe's biggest retailer, plans to sell shares in a real-estate unit, dispose of assets and buy back as much as 4.5 billion euros ($6.2 billion) of stock, bowing to pressure from investors.

China amends real estate law to back state expropriation (People's Daily) - China's top legislature amended a real estate management law Thursday, allowing the government to expropriate institutional and private houses on state-owned land for public interests. The Standing Committee of the National People's Con ...

Real estate firm sells to N.J. company (BizJournals) - A Kansas City commercial real estate company has sold its assets to an out-of-town buyer.

Shock waves hit Cleveland real estate industry (WKYC Cleveland) - Shock waves hit Cleveland real estate industry

China amends real estate law to back state expropriation (China Economic Net) - China's top legislature amended a real estate management law Thursday, allowing the government to expropriate institutional and private houses on state-owned land for public interests.

Real estate auction draws $475,000 bid (BizJournals) - Top bidders in a real estate auction bid $475,000, $425,000, $400,000 and $300,000.