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Real Estate News Feb 2007

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Real estate firm opens
ASHEVILLE -- Real estate brokerage Trillium Properties of Asheville has opened at 348 Merrimon Ave., Suite 1. The owner is Jennifer Ritchie. (Sun, 25 Feb 2007 06:09:27 GMT)

Real Estate transactions
Real estate transactions are public records obtained by the Star-Gazette from deeds on file in the county clerks' offices. Real estate agencies do not provide the information. (Sun, 25 Feb 2007 08:19:33 GMT)

Real estate expected to stabilize
COEUR d'ALENE -- Don't expect too much of a slowdown in the North Idaho real estate market in the coming years. The region is still growing, and still seen as a bargain compared to many parts of the country. (Sun, 25 Feb 2007 10:08:02 GMT)

Real estate stakes
Did you hear the one about comedian Jerry Seinfeld trying to dump his real estate broker at the last minute so he wouldn't have to pay her a $100,000 commission? (Sun, 25 Feb 2007 10:21:24 GMT)

Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days. (Sun, 25 Feb 2007 11:19:46 GMT)

Real estate agent leads fight for airline passenger rights
NAPA, Calif. - For more than eight miserable hours, Kate Hanni sat aboard a grounded plane at a Texas airport, yards from apparently empty gates. A few weeks after that December ordeal, the brassy real estate agent from California's wine country took her fight for a passengers' bill of rights to Capitol Hill. (Sun, 25 Feb 2007 12:12:16 GMT)

Real estate transactions
Residential real estate transactions over $200,000 filed with the Clark County Assessor from Jan. 1-15. The information includes seller's name, buyer's name, property location, description, price and closing date. (Sun, 25 Feb 2007 16:03:09 GMT)

Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days. (Sun, 25 Feb 2007 17:41:50 GMT)

Man attributes real estate success to low-pressure approach
Chad Sloan attributes his success in real estate to his low-pressure selling system. Sometimes, he doesn't even go inside the house he's selling with prospective clients. In most cases, he can't. (Sun, 25 Feb 2007 20:44:13 GMT)

Tribune Considers Offer From Real Estate Magnate
Sam Zell, the billionaire Chicago real estate maverick, made a last-minute proposal to buy the company. (Sun, 25 Feb 2007 22:58:08 GMT)

New federal guidelines for real estate lending aren't worrying local bankers
New federal guidelines aimed at placing greater scrutiny on banks' commercial real estate lending won't have much impact in Kansas, say local bankers and a state regulator. (Mon, 26 Feb 2007 05:16:10 GMT)

Real estate closings, mortgages are moving into paperless era
As e-mails replace letters and files become computerized, paper is no longer a key player in many residential real estate closings and mortgages, says Stewart Morris Jr., president and CEO of Stewart Title Co. (Mon, 26 Feb 2007 05:50:05 GMT)

Real Estate Mogul Makes 11th-Hour Takeover Bid for Tribune
Tribune Co., which is wrapping up a five-month auction, has a new suitor: Chicago real estate billionaire Sam Zell. (Mon, 26 Feb 2007 07:24:35 GMT)

Michael Y. Cannon Real Estate
Location: 3275 W. Hillsboro Blvd. Seller: The 3275 Gabrilove, affiliated with Gabrilove Real Estate Partnership and Gabrilove Real Estate Corp., represented by Stephen Gabrilove, president. (Mon, 26 Feb 2007 08:12:24 GMT)

Real estate magnate vying for Tribune Co.
NEW YORK -- Media group Tribune Co. is weighing a proposal from Chicago real estate magnate Sam Zell, who sold his office development company earlier this month in the biggest leveraged buyout ever, according to The New York Times . (Mon, 26 Feb 2007 09:38:11 GMT)

Real estate expected to stabilize
COEUR d'ALENE -- Don't expect too much of a slowdown in the North Idaho real estate market in the coming years. The region is still growing, and still seen as a bargain compared to many parts of the country. (Mon, 26 Feb 2007 10:12:42 GMT)

Startup, Napa printer offer micro-marketing for real estate
SAN RAFAEL–NAPA – Two North Bay companies, one a high-tech startup, are launching a Web-enabled mailing service for real estate brokers. (Mon, 26 Feb 2007 11:24:36 GMT)

Commercial real estate forecast positive
Business community leaders with ties to Grubb & Ellis/Barkley Fraser met Thursday to map out the region's commercial real estate market for 2007. Keynote speaker Robert Bach , the parent company's senior vice president of research and client services, predicts that modest levels of job creation and low interest rates will grow commercial investments at a pace that is calmer than what investors ... (Mon, 26 Feb 2007 12:18:51 GMT)

Tribune Co. considering bid from real estate billionaire
The company, a Chicago-based media conglomerate that has invited buyout offers, is considering a late bid from Sam Zell, the Chicago real estate billionaire. (Mon, 26 Feb 2007 12:34:41 GMT)

Real estate tycoon to be sentenced today
A real estate tycoon accused of fraud will find out today if he will go to jail. Steven Green could receive probation or be sentenced to up to eight years in prison for his crimes. (Mon, 26 Feb 2007 12:38:50 GMT)

Lower Manhattan's real estate slowly recovering after 9/11
NEW YORK - Rents are up, and vacancies are down to pre-Sept. 11, 2001, levels in lower Manhattan's commercial real estate market. The World Financial Center, just across the street from the World Trade Center site, is nearly full. (Mon, 26 Feb 2007 14:00:41 GMT)

Omers Posts 2006 Return of 16.4% on Increase in Real Estate
Feb. 26 (Bloomberg) -- The Ontario Municipal Employees Retirement System, Canada's fourth-biggest pension-fund manager, generated a 16.4 percent return on its investments last year as income from real estate increased and stock markets climbed. (Mon, 26 Feb 2007 14:16:27 GMT)

Real estate wrap: Shire building on U.S. base
Real estate wrap is the Philadelphia Business Journal's weekly list of recent significant commercial deals. On the list this week: Shire Pharmaceuticals is expanding its presence in Chester County, Pa. (Mon, 26 Feb 2007 14:29:59 GMT)

Brazilian Real Estate Firm Company SA Plans Share Offer
SAO PAULO -(Dow Jones)- Brazilian real-estate developer Company SA (CPNY3.BR) plans to sell 12.173 million shares via a global offer, the firm said late Friday in a statement. (Mon, 26 Feb 2007 15:39:16 GMT)

Michael Y. Cannon Real Estate
Location: 3275 W. Hillsboro Blvd. Seller: The 3275 Gabrilove, affiliated with Gabrilove Real Estate Partnership and Gabrilove Real Estate Corp., represented by Stephen Gabrilove, president. (Mon, 26 Feb 2007 16:35:42 GMT)

Omers Posts 2006 Return of 16.4% on Real Estate Gains (Update1)
Feb. 26 (Bloomberg) -- The Ontario Municipal Employees Retirement System, Canada's fourth-biggest pension-fund manager, generated a 16.4 percent return on investments last year because of gains from real estate, stocks and private equity. (Mon, 26 Feb 2007 18:31:27 GMT)

Michael Y. Cannon Real Estate
Location: 3275 W. Hillsboro Blvd. Seller: The 3275 Gabrilove, affiliated with Gabrilove Real Estate Partnership and Gabrilove Real Estate Corp., represented by Stephen Gabrilove, president. (Mon, 26 Feb 2007 22:16:49 GMT)

MacDonald, Dettwiler Rises on Real Estate Contract (Update1)
Feb. 26 (Bloomberg) -- Shares of MacDonald, Dettwiler and Associates Ltd., a Canadian information technology company, had their biggest gain in almost six weeks after it won a contract to process land-title data for a U.K. real estate firm. (Mon, 26 Feb 2007 22:31:27 GMT)

SIOR chief forecasts robust real estate year
Dean Willmore sleeps easily at night. After a record year of commercial real estate deals, 2007 is shaping-up to be just as good. That's a good thing for Willmore, this year's president of the Society of Industrial & Office Realtors (SIOR), Las Vegas chapter -- the industry's premiere trade group. (Mon, 26 Feb 2007 23:45:44 GMT)

Real estate firm challenges rival in court
A lawsuit filed last week by a Virginia real estate company accuses Wintergreen Resort of unfair competition in selling homes and lots on its property in Nelson County. (Tue, 27 Feb 2007 05:12:15 GMT)

Rebuilt Grand Cayman Boasts Hot Real Estate Market
Looking for a new real estate opportunity? While most markets are crumbling, the island of Grand Cayman is enjoying quite a boom. The combination of a thriving financial services industry and buoyant tourism led prices 10% higher last year, according to Kim Lund, owner of ReMax Cayman Islands, and should push values up another 15% to 20% this year. Don't, however, expect any bargains. The ... (Tue, 27 Feb 2007 06:25:08 GMT)

Starwood Hotels and Morgan Stanley Real Estate Announce Joint Venture Agreement to Acquire Sheraton Grande Tokyo Bay ...
WHITE PLAINS, N.Y. | Starwood Hotels & Resorts Worldwide, Inc.® (NYSE: HOT) and a fund managed by Morgan Stanley Real Estate have entered into a definitive joint venture agreement to acquire the Sheraton® Grande Tokyo Bay Hotel from Taisei Corporation Group, with a closing of the acquisition expected before the end of March 2007. The fund, managed by Morgan Stanley Real Estate, will own 74.9% of ... (Tue, 27 Feb 2007 10:16:48 GMT)

Commercial Real Estate News Digest
COMMERCIAL REAL ESTATE NEWS AMB Property of San Francisco, which owns and develops industrial real estate, said Friday that it would sell as many as 9.1 million new shares and plans to expand its global development business by 75 percent over the next four years. The company will use the funds to acquire properties, repay debt and for general corporate purposes, AMB said in a regulatory filing. ... (Tue, 27 Feb 2007 11:21:48 GMT)

Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days. (Tue, 27 Feb 2007 12:22:11 GMT)

Pennsylvania Real Estate Investment Trust Reports Fourth Quarter and 2006 Annual Results
PHILADELPHIA----Pennsylvania Real Estate Investment Trust today reported results for the quarter and the year ended December 31, 2006. (Tue, 27 Feb 2007 12:55:00 GMT)

Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days. (Tue, 27 Feb 2007 16:32:46 GMT)

ALM launches Real Estate Florida, names Versaggi associate publisher
ALM's Real Estate Media Division announced it will launch Real Estate Florida, a new statewide magazine that will offer analysis of a wide range of industry topics. (Tue, 27 Feb 2007 17:10:13 GMT)

InterRent Real Estate Investment Trust Announces Acquisition of 333 Condominium Titled Apartment Suites in London, ...
InterRent Real Estate Investment Trust.,('InterRent'or the 'REIT') (TSX VENTURE: IIP.UN)(FRANKFURT: IBV) today announced that it has entered into an agreement with arms length third parties to acquire a three building 333 suite, individually titled, multi-residential complex in a master planned community, known as 'Westmount on-the Park' in London, Ontario. (Tue, 27 Feb 2007 17:57:57 GMT)

Fed Says Real-Estate Loan Delinquencies Reach Four-Year High
Feb. 27 (Bloomberg) -- The Federal Reserve said that delinquency rates on banks' residential real-estate loans climbed last quarter to the highest level in four years. (Tue, 27 Feb 2007 18:50:58 GMT)

Sequoia forms real estate firm
One of Oregon's busiest homebuilders is launching its own real estate agency. (Tue, 27 Feb 2007 19:00:08 GMT)

CPP Investment Board Closes US$500 Million Real Estate Investment With TIAA-CREF Asset Management
The CPP Investment Board and TIAA-CREF Asset Management announced today that the CPP Investment Board has closed a US$500 million real estate transaction that includes a US$300 million investment in a joint venture which will invest in Class A office properties in the United States, and a US$200 million investment in a TIAA-CREF Asset Management direct real estate investment strategy. All assets ... (Tue, 27 Feb 2007 19:23:40 GMT)

Developers Diversified Completes Acquisition of Inland Retail Real Estate Trust, Inc. for $6.2 Billion
Developers Diversified (NYSE: DDR), theleading owner, operator and developer of market-dominant community centersin the U.S., announced today the completion of its acquisition of InlandRetail Real Estate Trust, Inc. ('IRRETI'). (Tue, 27 Feb 2007 19:28:01 GMT)

SIOR chief forecasts robust real estate year
Dean Willmore sleeps easily at night. After a record year of commercial real estate deals, 2007 is shaping-up to be just as good. That's a good thing for Willmore, this year's president of the Society of Industrial & Office Realtors (SIOR), Las Vegas chapter -- the industry's premiere trade group. (Tue, 27 Feb 2007 19:46:25 GMT)

Fed Says Real-Estate Loan Delinquency at 4-Year High (Update2)
Feb. 27 (Bloomberg) -- The Federal Reserve said that the delinquency rate on banks' residential real-estate loans climbed last quarter to the highest level in four years. (Tue, 27 Feb 2007 21:04:28 GMT)

Real Estate Agents Say Thief Posed As Home Buyer
Real estate agents have unwittingly allowed a convicted thief to enter homes while the owners were away. They say a Park Cities father, posing as a homebuyer, stole cash, credit cards and prescription drugs during his home tours. More Local News More From The Investigators More Consumer News (Tue, 27 Feb 2007 21:19:00 GMT)

Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days. (Tue, 27 Feb 2007 21:47:07 GMT)

FDIC Warns Banks About Risks As Real Estate Markets Cool
WASHINGTON -(Dow Jones)- The Federal Deposit Insurance Corp. warned banks Tuesday to manage their risks carefully as residential construction slows and many regional real estate markets cool. (Tue, 27 Feb 2007 22:54:08 GMT)

Local real estate hurts all over
Tuesday was a bad day for Lee County's real estate market from top to bottom. (Wed, 28 Feb 2007 06:16:32 GMT)

Wichita's real estate forecast stays strong
Optimism was the watchword Tuesday as a national economist and local real estate and financial officials assessed the Wichita market. (Wed, 28 Feb 2007 07:08:48 GMT)

Latin America lingo: Resident sells real estate, Ecuadorian diplomat on side
Frisco resident Ricardo M. Bowen is in real estate. He handles some fairly high-powered deals. On the surface, he is indistinguishable from hundreds of other Frisco residents. (Wed, 28 Feb 2007 08:00:52 GMT)

Real-estate group hires activist leader
After nearly four years of quietly doing charitable real-estate deals, the Urban Land Conservancy is ready to raise its profile. (Wed, 28 Feb 2007 08:23:18 GMT)

Real estate, stock returns run parallel
Q. How do real estate returns compare with the stock market’s returns? A. Through the years, real estate has proved to be about as lucrative as investing in the stock market (where annual returns near 10 percent). This fact makes sense because, ultimately, growth in the economy, in jobs and in population fuels the demand for real estate. (Wed, 28 Feb 2007 12:25:32 GMT)

Real estate firm wants to buy two schools
MORRISVILLE SCHOOLS - With a K-12 school on the horizon for the Morrisville School District, a local real estate company has proposed buying the district's two elementary schools for about $1.2 million. (Wed, 28 Feb 2007 13:11:06 GMT)

UC real estate expert leaving
Norm Miller, director of the real estate program at the University of Cincinnati since 1981, will join the University of San Diego's Burnham-Moores Center for Real Estate as a full professor and director of academic programs this summer. (Wed, 28 Feb 2007 13:55:43 GMT)

Realize Big Returns with Real Estate
(ARA) - It's a buyer's market, which is great news for real estate investors. There are profits to be made just about everywhere you turn these days. (Wed, 28 Feb 2007 14:22:37 GMT)

Forecast positive for Wichita real estate
Guest speaker Mark Dotzour kicked off the annual J.P. Weigand & Sons Inc. forecast Tuesday with an outlook of the 2007 real estate market, both nationally and in Wichita. (Wed, 28 Feb 2007 16:06:46 GMT)

Many Falling Victim To Real Estate Scam
ORLANDO, Fla. -- Dozens of Central Floridians claim they were lured into real estate deals that left them fighting for their financial lives in what may be one of the biggest scams in Central Florida, according to a Local 6 News report. (Wed, 28 Feb 2007 16:45:17 GMT)

New hotel lines up real estate broker
The Grand Bohemian Hotel and Residences has appointed Coldwell Banker - The Condo Store as the real estate broker for the 32-story hotel and residential project. (Wed, 28 Feb 2007 16:52:12 GMT)

Brazilian Real Estate Company Goldfarb Plans IPO
SAO PAULO -(Dow Jones)- Brazilian real estate company Goldfarb Incorporacoes e Construcoes SA is planning an initial public offering of shares on the Brazilian Stock Exchange, or Bovespa, the company said Wednesday in a filing with the Brazilian Securities Commission, or CVM. (Wed, 28 Feb 2007 18:54:36 GMT)

Real estate fund continue their advance
If location is the golden rule of real estate, then many who invest in real estate mutual funds might at times feel as if they've stumbled upon a great deal in the fanciest building in town. (Wed, 28 Feb 2007 19:33:27 GMT)

Real Estate Fund Continue Their Advance
NEW YORK -- If location is the golden rule of real estate, then many who invest in real estate mutual funds might at times feel as if they've stumbled upon a great deal in the fanciest building in town. (Wed, 28 Feb 2007 19:59:03 GMT)

Sherow Named Long & Foster Real Estate, Inc.'s Regional Relocation Director for Pennsylvania and New Jersey
Long & Foster Real Estate, Inc., the nation'slargest privately-owned residential real estate company, announced todaythat it has named Sandy L. Sherow, CRP, GMS, regional director ofrelocation for Pennsylvania and New Jersey. (Wed, 28 Feb 2007 21:55:17 GMT)

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