Archive for May, 2008

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Friday, May 9th, 2008

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Homeowner Rescue Bill Passed Despite Veto Threat
WASHINGTON - Hoping to throw a rescue line to at least half a million families in danger of losing their homes, the House on Thursday approved legislation that seeks to broadly expand the availability of mortgages insured by the federal government.

Realty Q&A: Troubled investor wonders if ARM calculations are correct
WASHINGTON (MarketWatch) — Question: I am not behind (on my mortgage) but am getting there quickly. If I ask for a loan modification, ask to give up the deed to my house in lieu of foreclosure or agree to a short sale, would this show on my credit?

Analysts downgrade Weingarten Realty to ‘Sell,’ citing weakness in portfolio, shares fall
NEW YORK (AP) - Shares of Weingarten Realty Investors fell Thursday after two analysts downgraded the stock to ‘Sell,’ forecasting weakness in the real estate investment trust’s portfolio going forward. Shares dropped $1.53, or 4.1 percent, to $36.05.

Florida Start-Up Homeowners Choice Plans to Offer IPO:
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CBRE REALTY FINANCE INC Consensus Recommendation: HOLD
Company: CBRE REALTY FINANCE INCConsensus Recommendation: HOLD(Strong Buy: 0, Buy: 1, Hold: 1, Underperform: 0, Sell: 1)Quarter Consensus Estimate [Q2]: 0.07FY Consensus Estimate [FY2008]: 0.

Indian real estate giant seeks partner
The Indian real estate conglomerate Sigrun and a leading Israeli firm are in talks over a deal worth over $500 million, according to knowledgeable sources.

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Thursday, May 8th, 2008

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FARMINGTON HILLS, Mich., May 8 /PRNewswire-FirstCall/ — Agree Realty Corporation (NYSE: ADC - News) today announced that it would develop, for retail use, a second property located in Marion County, Florida.

Lexington Realty Swings To 1Q Profit Of $7.81M LXP
Extract not available.

Commercial Real Estate Women (CREW) Network Launches $100,000 Scholarship Program to Foster Careers for Women
CREW Network Scholarship Program is part of overall effort to reduce barriers For women pursuing careers in commercial real estate LAWRENCE, Kan.

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Monday, May 5th, 2008

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SEBI clarification on real estate MFs
MUMBAI: The Securities and Exchange Board of India on Friday said real estate mutual funds can invest in properties located in million-plus cities and urban agglomerations.

Realty Wiki for Realtors, Home Buyers and Sellers
The Top 5 Disclosure and Property Inspections Questions by Homeowners Sometimes homes are ?Sold-As-Is?.

Ballard Spahr Issues Pennsylvania Realty Trans
The Department of Revenue Digs in Its Heels on Assignments of Contracts PHILADELPHIA–(BUSINESS WIRE)–Wendi L. Kotzen, a partner in the Tax Group and the Real Estate Department, and Philip B. Korb, a partner in the Real Estate Department, Practice

Brookfield Real Estate Services Fund Announces Interest Rate Swap Agreement
- Brookfield Real Estate Services Fund (the ‘Fund’) (TSX:BRE.

Is it back to the Westside for Tom Arnold?
Not unlike Saul Steinberg’s famous 1976 New Yorker magazine cover illustration called ‘View of the World From 9th Avenue,’ there are those who see the Westside of Los Angeles as the center of the universe — and every place else is, well, elsewhere.

Real estate guru tips funding revival
QUADRANT REAL ESTATE ADVISORS LLC CENTRO PROPERTIES GROUP - ASX CNP MIRVAC