Homester.com Web News Archive

Buyer Beware: The Ins And Outs Of Probate Real Estate (KOMO) - One real estate company is in town offering free seminars on finding real estate bargains where the owner has died and the beneficiaries want to sell, but is it a good deal?

OUTLOOK Hypo Real Estate Q2 higher, driven by strong net interest income (Sharewatch) - The commercial real estate bank is expected to post a second-quarter pretax profit of 131-146 mln eur, with a mean of 138 mln, up 22 pct from a year earlier. Net interest income is seen increasing around 18 pct to 195 mln eur, according to twelve analysts polled by AFX news.

MGM creates real estate company (Las Vegas Business Press) - MGM Mirage has created a real estate company to sell its Project CityCenter. The CityCenter Realty Corporation will sell the project's 2,800 luxury residences and, says the gaming giant, will enable buyers to purchase direct from the developer.

Mayor: City not in real estate business 08/09/06 (Dearborn Press & Guide) - Despite purchasing several pieces of land located near the Ecorse Creek recently, Mayor Dan Paletko insists that the city hasn't entered the real estate business.

Sizeler Property Investors Signs on to Sell Outstanding Shares to Canadian Real Estate Firm (Commercial Property News) - New Orleans-based retail and apartment property REIT Sizeler Property Investors has entered into a letter of intent with Revenue Properties Co., paving the way for the Canadian real estate company to acquire all of Sizeler's outstanding shares of common stock at the cash rate of $15.10 per share.

Foreigners, OFWs prop up real estate sector (Sun Star) - Real estate in Davao City is at a its best performance this year compared to previous years, this according to brokers. Brokers credit the city's flourishing of the real estate industry to Overseas Filipino Workers (OFWs) and foreigners who marry Filipinas, particulary Dabawenyas.

Former real estate agent to plead guilty (GazetteOnline) - CEDAR RAPIDS, IA - Cedar Rapids real estate agent Harriette Cooper is scheduled to plead guilty tomorrow in federal court in Cedar Rapids to a charge of structuring a financial transaction to avoid reporting cash to the IRS.

Homebuyers and Sellers Find Real Estate Agents on MyHomeLink.com (SYS-CON Media) - According to the 2005 NAR(R) Profile of Homebuyers and Sellers, sellers experience a variety of difficulties when selling a home on their own. The most difficult tasks they encounter are: getting a desirable price, understanding paperwork, preparing their home for sale, attracting buyers, and having enough time to devote to all aspects of the sale. Utilizing an experienced real estate agent can

Real Estate Firm Makes Student Housing Transaction, Acquires Largest Portfolio at Purdue University (Multi-Housing News) - AUGUST 08, 2006 -- Chicago – Prime Property Investors, Ltd., a real estate investment firm, announced Tuesday its acquisition of seven student-housing buildings on Purdue University’s campus.

FTSE 100 movers: Real estate dominates, BP on slide (ShareCast via Yahoo! UK & Ireland Finance) - Real estate stocks dominate the blue chip risers today, with Slough Estates, British Land and Liberty international notching up decent gains on upbeat house price data and breakup hopes post REIT.