Homester.com Web News Archive

AIG's $16 Billion in Real Estate May Be Cash Source (Update2) (Bloomberg.com) - Sept. 23 (Bloomberg) -- American International Group Inc. , selling assets to repay a U.S. government loan, may seek buyers for some of its $16 billion in global real estate holdings.

Brookfield buys GMAC real estate unit (AP via Yahoo! Finance) - A unit of Brookfield Asset Management Inc. said Tuesday it is buying the real estate arm of GMAC Financial Services for undisclosed terms.

Alexandria Real Estate Equities sets dividend (AP via Yahoo! Finance) - Alexandria Real Estate Equities Inc. on Friday said its board declared a regular quarterly dividend of 80 cents. The office and lab space real estate investment trust said the dividend is payable Oct. 15 to shareholders of record Sept. 30.

Two Greeley real estate firms join forces (Greeley Tribune) - RE/MAX Optimum Group, LLC, one of Greeley's leading real estate firms, has joined forces with RE/MAX Alliance of Greeley.

Real Estate Heavies Pick '08 Favorites (The New York Observer) - Finally, the dithering has stopped! New York City’s real estate deciders are at last grappling with the monumental decision at hand come November: Do we want an Illinoisan or an Arizonan in the White House? It’s taken them a while. Last we checked, in mid-July, campaign finance records showed few developers and landlords had contributed to either McCain or Obama (though plenty had donated to ...

Another guilty plea in real estate scam (The Star-Ledger) - A paralegal who worked for a Cranford attorney pleaded guilty to criminal charges in federal court this afternoon, the latest person to acknowledge their participation in an $80 million real estate fraud authorities say was carried out through NJ Affordable...

Credit Suisse hires new head of distribution for real estate products group (Banking Business Review) - Zurich-based financial services company Credit Suisse has announced that Susan Swanezy has joined the alternative investments business as the new head of distribution for the real estate products group in the US.

Wilbur Ross: Looking To Invest In Indian Real Estate (Nasdaq) - NEW YORK -(Dow Jones)- A rapidly growing Indian middle class and the subsequent increase in demand for property makes India's real estate market a compelling investment opportunity, investor Wilbur Ross said Tuesday.

More seniors may get help with real estate taxes in Chesterfield (NBC 12 Richmond) - CHESTERFIELD, VA (NBC12) - Right now, around 2,600 residents fall under the county's real estate tax relief program. If the proposed amendments pass, county leaders believe that number could grow by hundreds.

FCEB proceeds cant be utilised in capital markets & real estate: RBI (Express India) - Issuing the final set of guidelines to operationalise the issuance of FCEB immediately, the RBI has said the promoter group company receiving such investments will not be permitted to utilise the proceeds for investments in the capital market or in real estate in India.