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Real Estate News Feb 2006

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Real estate execs blast online pricing tool
With their exclusivity being threatened by yet another online service, local real estate professionals are questioning the accuracy of a new Web site that provides free estimates and information on more than 60 million property addresses across the country. (Mon, 27 Feb 2006 05:18:35 GMT)

Duraibi Case Settlement May Kickstart Real Estate Market
Duraibi Case Settlement May Kickstart Real Estate Market (Mon, 27 Feb 2006 05:22:39 GMT)

Investors Throng Real Estate Expo - KSA
Investors Throng Real Estate Expo - KSA (Mon, 27 Feb 2006 05:22:49 GMT)

Opinion states county must purchase real estate for township right-of-ways
A recent opinion by the Seneca County Prosecutor's Office may have several implications as to the purchase of real estate for right-of-way and road improvement issues in the county. (Mon, 27 Feb 2006 05:27:23 GMT)

Stars’ new-home team: Real estate co. helps athletes on the move
All he needs now is an infomercial. Preferably on ESPN. Ed Kaminsky’s real estate firm has a very specific niche: the small-but-wealthy universe of professional athletes. (Mon, 27 Feb 2006 05:36:47 GMT)

Chandrika board okays forays into real estate and infrastructure
Chandrika Traders Ltd said on Monday that, its Board of Directors has decided to add the real estate and infrastructure business in the main objects of the Company, keeping in view the better prospects for infrastructure and real estate in the Country. (Mon, 27 Feb 2006 08:10:17 GMT)

Don't miss this guide to real-estate investing
FRANK McKINNEY'S MAVERICK APPROACH TO REAL ESTATE SUCCESS (Mon, 27 Feb 2006 08:30:30 GMT)

Sales were hot in '05 despite cooling real estate markets
The Pocklington, Pocklington and Forster Retail Investment Group of Advantis Real Estate Services Co. recently topped the $100 million sales mark. The Orlando-based group represents sellers in retail transactions throughout the Southeast, but focuses mainly on Central and North Florida. (Mon, 27 Feb 2006 09:30:43 GMT)

New policy measures needed to boost real estate sector: DCCI study - UAE
New policy measures needed to boost real estate sector: DCCI study - UAE (Mon, 27 Feb 2006 11:49:40 GMT)

Real-estate revival afoot around Mill Run development
If real estate runs in cycles, it might be time for Mill Run to shift into another gear. After a period of dormancy, it appears the Hilliard-area development is waking up. (Mon, 27 Feb 2006 12:29:09 GMT)

MexicoBuyersGuide.com Shows U.S. Buyers How to Cash-in on Red Hot Mexico Real Estate Market
The growth and popularity of Mexico's real estate industry is as hot as a habanero these days compared to a decade ago. So say experts on both sides of the border who just gathered at U.C. (Mon, 27 Feb 2006 13:00:00 GMT)

Don't miss this guide to real-estate investing
FRANK McKINNEY'S MAVERICK APPROACH TO REAL ESTATE SUCCESS (Mon, 27 Feb 2006 14:45:24 GMT)

Las Vegas Real Estate Company Meets With New Orleans Mayor Ray Nagin
Las Vegas real estate investor Tan Nguyen, president of TNR Holdings, Inc., has been meeting with New Orleans officials in an effort to help rebuild the areas affected by Hurricane Katrina. (Mon, 27 Feb 2006 15:00:00 GMT)

Real Estate and Home Editors, Writers to Meet in NC in April
The National Association of Real Estate Editors invites real estate, housing, and design writers, editors and authors to join more than 250 journalists, broadcasters, bloggers and other realty communicators as NAREE meets in Charlotte, N.C. during its 40th annual conference. (Mon, 27 Feb 2006 16:00:00 GMT)

NAR: Pittsburgh Condo Deal Puts Banks into Residential Real Estate
RISMEDIA, Feb. 28 — In a letter delivered last week to the chief counsel of the Office of the Comptroller of the Currency, the president of the National Association of Realtors® responded to the recent defense by the OCC of its approvals permitting national banks to engage in new real estate and commercial activities. (Mon, 27 Feb 2006 21:29:49 GMT)

Independent Real Estate Firms on the Rise
RISMEDIA, Feb. 28 — (KRT) — For 30 years, June McNamara played by the rules of Raleigh's real estate industry, charging 6 percent commission on every home sale she brokered. Then last year, she decided there was a better business model: She created her own real estate firm and started charging 3.9 percent commissions. (Mon, 27 Feb 2006 21:30:00 GMT)

New Web Site Shows U.S. Buyers How to Cash-in on Mexico Real Estate
RISMEDIA, Feb. 28 — The growth and popularity of Mexico's real estate industry is as hot as a habanero these days compared to a decade ago. So say experts on both sides of the border who just gathered at U.C. San Diego for a world class conference on U.S.-Mexico real estate investment. Values in some Mexican markets have tripled in five years -- far exceeding the rates of return in much of the (Mon, 27 Feb 2006 21:31:40 GMT)

New real estate chief calls for cuts to red tape
The new president of the Real Estate Institute of the ACT, Peter Blackshaw, believes it needs to review the red tape and bureaucracy surrounding the real estate industry. (Mon, 27 Feb 2006 21:37:53 GMT)

Defamer Real Estate: Getting Close To Brad Pitt
The Defamer Special Real Estate Correspondent returns not with a walkthrough of an open house offering a glimpse of how the other half lives before upgrading their living quarters, but with an... (Mon, 27 Feb 2006 23:05:11 GMT)

Analysis - China's Control Over Real Estate Industry Pays Off
BEIJING, Feb 28 Asia Pulse - With a series of macro control policies promulgated and implemented in 2005, the trend of overgrowth of investment in China's real estate sectors has been curbed, the overheated demand for houses is cooling down, and the supply and demand relations on real estate market are improving, creating conditions for a stable housing market. (Tue, 28 Feb 2006 00:08:00 GMT)

Growth Watch: Eufaula Sees Real Estate Boom
The real estate market continues to boom in cities across the nation, including in some unexpected places. A lot of small towns in our region are seeing major boosts in their housing markets. (Tue, 28 Feb 2006 01:08:38 GMT)

Sticker shock: District real estate assessments jump 22 percent
When D.C. Council Member Jack Evans opened his real estate assessment notice on Saturday, he was, just for a second, left "breathless." His home value had surged 60 percent. (Tue, 28 Feb 2006 04:07:47 GMT)

ERA Real Estate to open branch in Qurum - Oman
ERA Real Estate to open branch in Qurum - Oman (Tue, 28 Feb 2006 04:34:08 GMT)

Commercial real estate is expensive
Rising construction costs, elevated land prices and a broad tenant base throughout Ventura County continue to drive prices higher for renters and buyers, according to experts at the recent Ventura County commercial real estate symposium hosted by CB Richard Ellis in Ventura. (Tue, 28 Feb 2006 05:26:17 GMT)

Mark Sumpter, the Nations Leading Pre-Foreclosure Real Estate Investing Expert, Talks about How to Legally Rob Banks
Mark Sumpter, the nations leading expert on Pre-Foreclosure Real Estate Investing, has agreed to do an interview on Short Sale real estate investing and how his background as a Kansas City Police Officer revealed unique strategies he both uses and teaches. RealEstateTeleClinic.com offers free educational classes via teleseminars on various real estate investing topics. [PRWEB Feb 28, 2006] (Tue, 28 Feb 2006 08:23:47 GMT)

Wisconsin FSBO Launches Online Real Estate Marketplace for For Sale By Owner (FSBO) Homes and Properties in Wisconsin
WisconsinFSBO.com is a highly rewarding experience for online shoppers to Buy, Sell or Rent commission free real estate. Online home listing packages starting at $59. [PRWEB Feb 28, 2006] (Tue, 28 Feb 2006 08:37:49 GMT)

SUV slams real estate office; driver dies
WASHINGTON TWP. -- A 65-year-old Deptford Township man died Monday morning when his SUV drifted off Egg Harbor Road and crashed into a refurbished real estate office that was scheduled to open today. (Tue, 28 Feb 2006 09:26:01 GMT)

Sticker shock: District real estate assessments jump 22 percent
When D.C. Council Member Jack Evans opened his real estate assessment notice on Saturday, he was, just for a second, left "breathless." His home value had surged 60 percent. (Tue, 28 Feb 2006 09:34:00 GMT)

Investing: Real estate as haven in case of pandemic
Real estate as haven in case of pandemic (Tue, 28 Feb 2006 10:04:12 GMT)

Mark Sumpter, the Nations Leading Pre-Foreclosure Real Estate Investing Expert, Talks about How to Legally Rob Banks
Memphis, TN (PRWEB) February 28, 2006 -- Mark Sumpter, the leader in Pre-Foreclosure and Short Sale real estate investing strategies, has agreed to do a telephone interview on Thursday night, March 2nd at 730pm Central time. (Tue, 28 Feb 2006 12:00:00 GMT)

Summa Announces Delay in Sale of Real Estate
Summa Industries previously announced that it entered into an agreement to sell a vacant factory site in Orange County, California to a real estate developer for approximately $5 million. (Tue, 28 Feb 2006 13:00:00 GMT)

Longtime local starts real estate business in Carthage
Smith Midwest is brand new to Carthage, but real estate is not new to owner Kip Smith. Being a life-long resident of Carthage, this local is excited about his new business. (Tue, 28 Feb 2006 15:08:22 GMT)

Real Estate Transactions
A list of recent real estate transactions. Read story » (Tue, 28 Feb 2006 15:26:10 GMT)

Catholic real estate bonanza
An Italian-owned Manhattan real estate development company claiming ties to high-ranking Vatican officials is bidding on properties owned by dozens of U.S. dioceses and religious orders. (Tue, 28 Feb 2006 17:56:16 GMT)

NC Real Estate Commission Picks Alphanumeric Managed Services
RALEIGH – The North Carolina Real Estate Commission has signed on for managed services from information technology services provider Alphanumeric. (Tue, 28 Feb 2006 19:42:05 GMT)

Retirement Residences Real Estate Investment Trust Announces 2005 Distribution Tax Allocation
MISSISSAUGA, Ontario----Feb. 28, 2006--Retirement Residences Real Estate Investment Trust today advised the allocation for income tax purposes of the distributions paid in 2005 is as follows: --------------------------------------------------------------------- Return of Capital Amount 98.0% Taxable Dividend 0.0% Taxable Other Income 2.0% (Tue, 28 Feb 2006 20:15:00 GMT)

Trends Influence Update of # 1 Real Estate Website
New Zealand’s most visited real estate group website, http://www.harcourts.co.nz/ this week launched its latest update in line with global trends observed by Harcourts International Ltd’s Chief Information Officer, Jason Wills. (Tue, 28 Feb 2006 20:20:06 GMT)

Real Estate Tax Could Triple This Year
Real estate-related taxes, including property taxes, and Korea’s Officially Assessed Reference Land Price (OARLP), used as the basis for compensation for land development projects, increased by an average of 17.81 percent this year, according to a government announcement yesterday. (Tue, 28 Feb 2006 21:05:40 GMT)

Classified Ventures, LLC Real Estate Division Reports Record Traffic in January 2006
Classified Ventures, a strategic joint venture owned by six leading media companies including Belo Corp. , Gannett Co., Inc. , Knight Ridder , The McClatchy Company , Tribune Company and The Washington Post Company , reported it set a new record for traffic, according to internal statistics, in January with 8.8 million unique visitors coming to its three real estate sites, Apartments.com, (Tue, 28 Feb 2006 21:24:12 GMT)

Training & Business Development: ASR Joins Real Estate Apprentice Foundation As Sponsor
RISMEDIA, March 1 — The Real Estate Apprentice Foundation proudly announced that the Seller Agency Council was its newest sponsorship addition to the Rookie Grant Program. (Tue, 28 Feb 2006 21:30:57 GMT)

Crescent Real Estate adds former Concord exec as development vice president
Former Concord Eastridge Inc. Vice President Joseph F. Pitchford has moved to Crescent Real Estate Equities Co., where one of his first duties with the public-traded company will be opening Crescent's first office in Phoenix. (Tue, 28 Feb 2006 22:36:39 GMT)

Experts: Owners have edge in office, industrial real estate markets
Middle Tennessee's steadily growing economy and the resulting tight real estate market means neither office nor industrial clients can count on getting many breaks when negotiating leases this year. (Tue, 28 Feb 2006 23:06:56 GMT)

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