Homester.com Web News Archive

AIG's $16 Billion in Real Estate May Be Cash Source (Update2) (Bloomberg) - 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.

Future of commercial real estate lending remains unclear (Dallas Morning News) - An already difficult financing market for commercial real estate has become worse in the immediate wake of last week's credit crisis. It's unclear how much that might change with a $700 billion federal government bailout of bad housing debt at financial institutions.

Hall, Weitzman team up with new Hall Real Estate Capital (Dallas Morning News) - Two of Dallas' most experienced commercial real estate market players are teaming up with a new company to take advantage of tumultuous financial times.

Real estate recovery in 2009 seen as doubtful (The Palm Beach Post) - Two years into the region's real estate slump, it's still not clear when the market will rebound - but 2009 probably won't bring a recovery, local and national real estate experts said Thursday.

U.S. real estate's latest game of chance: Raffles (International Herald Tribune) - As the economy has worsened and the real estate market has continued to slump, Americans have been using raffles and competitions in a last-ditch effort to raise money and unload a house.

Longtime broker honored for contribution to real estate (Tooele Transcript-Bulletin) - Jay Kirk, a longtime real estate broker in Tooele County, was recently given a Distinguished Service Award by the Tooele County Board of Realtors for his contributions to the local real estate industry.

REAL ESTATE CATALOGUE (St. Petersburg Times) - In the nearest issue you will find the latest data on commercial, residential and trade premises in St. Petersburg. Fresh information about state of real estate market, tips from the leading consulting companies and much more!

Washington Real Estate Investment Trust Announces Public Offering of 1.5 Million Common Shares (Centre Daily Times) - Washington Real Estate Investment Trust (WRIT) (NYSE:WRE) announced today that it plans to offer 1.5 million common shares through an underwritten public offering. WRIT expects to grant the underwriters a 30-day option to purchase an additional 225,000 common shares.

Local real estate company lays off workers (KTVB Boise) - BOSIE -- The Boise-based real estate investment company DBSI began layoffs today. A total of 70 people will be let go between the Boise and Meridian offices, while 143 people will be released nationwide.

REAL ESTATE (St. Petersburg Times) - Residential real estate In this section you can find different offers on residential real estate from the leading real estate agencies: Apartments for all tastes: standard to luxurious, short or long terms.