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Real Estate News Dec 2007

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Saudi investments into the UAE real estate sector cross SAR30bn mark in 2007
The real estate sector in the UAE is set to attract over SAR30bn of Saudi investments in 2007 as the growth in interest by the global community in the local real estate industry continually soars. (Thu, 27 Dec 2007 04:36:27 GMT)

Commercial Real Estate 'Rules' Changed in 2007
For owners, operators, and developers of commercial real estate, 2007 will be remembered for the serious changes that have taken place in "the rules of the game." The turmoil in the credit markets resulted in a decrease in transactions in the fourth quarter and gave further credence to the expression "cash is king" when purchasing an asset. In addition, the market started to reward "relationship ... (Thu, 27 Dec 2007 06:05:49 GMT)

Dubai-based real estate developer Fortune Group unveils multi-billion euro projects in Romania
In a trend-setting initiative Fortune Group, which has investments valued at over Dhs7bn in exclusive commercial and residential projects in Dubai, announced the launch of two multi-billion euro real estate developments in Romania. (Thu, 27 Dec 2007 07:04:07 GMT)

Phoenix real-estate firm closes, idling 370
PHOENIX — Re/Max 2000, one of the Phoenix area's largest real estate brokerages, has shut down its 13 offices, putting 350 agents and 20 other employees out of work. (Thu, 27 Dec 2007 07:11:10 GMT)

Largest New Condo Website in the Country Has Record Year in Down Real Estate Market
www.newcondosonline.com is the largest and most visited new condo website in the country and the company had a record year in 2007 despite the down real estate market. (PRWeb Dec 27, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/WmV0YS1UaGlyLVpldGEtRW1wdC1Mb3ZlLVplcm8= (Thu, 27 Dec 2007 08:10:32 GMT)

EMS forges 'green solutions' partnership with ESCAN Real Estate
Energy Management Services (EMS), the Middle East's leading energy saving company, has announced that it has recently signed a partnership agreement with Escan Real Estate Company (ESCAN), to assist ESCAN in acquiring Leadership in Energy and Environmental Design (LEED) certification for its Dhs5bn worth of development projects in Abu Dhabi, Fujairah and Dubai. (Thu, 27 Dec 2007 10:49:17 GMT)

Residential real estate up in Nov.
Residential real estate sales in Erie County spiked slightly in November, but overall sales remain off in the region. (Thu, 27 Dec 2007 12:55:15 GMT)

Turkmen citizens to be granted 1%-interest real estate credits for up to30 years
ASHGABAT. Dec 27 (Interfax) - As of January 1, 2008, Turkmenistan's President-Bank will issue real estate credits for up to 30 years for the purchase of apartments in new buildings that are currently being built and have been put up for sale in Ashgabat. (Thu, 27 Dec 2007 16:39:15 GMT)

Downtown will remain hot real estate in 2008
Real estate experts say the city's commercial market will remain resilient in 2008 with Lower Manhattan expected to be a big draw. (Thu, 27 Dec 2007 21:11:22 GMT)

REAL ESTATE
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. (Thu, 27 Dec 2007 21:31:09 GMT)

REAL ESTATE CATALOGUE
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! (Thu, 27 Dec 2007 21:33:19 GMT)

International approach to Bay Area real estate
It has been a tough time for real estate in the Bay Area, and Sarasota's drop is among the worst. So the Sarasota Association of Realtors i... It's a big job with a tight deadline -- Pasco County jail inmates are working along side an Atlanta based construction crew to finish a temporary building. (Thu, 27 Dec 2007 23:12:27 GMT)

Final Baptist Foundation real estate assets go on the block
BFA Liquidation Trust, created to convert assets in the Baptist Foundation of Arizona bankruptcy case, said Thursday it will sell its remaining Arizona real estate properties at auction Jan. 17. (Thu, 27 Dec 2007 23:44:50 GMT)

Real Estate Agents Offering Free Incentives to Buy
Buy a house and get a free cruise. Many real estate agents in Central Texas are offering incentives to gain customers and sell houses. But they say it's not because the housing market in Central Texas is in trouble. It's competition to get your business. (Fri, 28 Dec 2007 00:04:10 GMT)

Airport authority hires real estate consultant for LTC land acquisition
LAPLACE - The Louisiana Airport Authority hired Bennett E. Oubre A.R.E. Inc. as a real estate consultant to advise the commission's legal staff and board at its regular meeting Thursday morning. (Fri, 28 Dec 2007 03:23:18 GMT)

Leader in education, real estate dies at 82
M.K. Hage Jr., an Austin community leader whose work in education and real estate have had an enduring impact on his hometown, suffered a heart attack Christmas night and died Thursday morning at Brackenridge Hospital. He was 82. (Fri, 28 Dec 2007 03:51:03 GMT)

Dubai Real Estate Institute launches resource centre
DUBAI — The Dubai Real Estate Institute (DREI) yesterday launched a scientific and research hub equipped to provide information for the advancement of the real estate industry, the academic institution yesterday said in a statement. (Fri, 28 Dec 2007 04:35:31 GMT)

Real Estate - Still going up
In a country going through crazy times, it should have come as no surprise that Lebanon's real estate prices doubled the day after a prediction of a property boom by resident-psychic, Michel Hayek, in late October. (Fri, 28 Dec 2007 07:31:28 GMT)

Real estate grey zones or "Can they really do that?"
"But can they really do that?" It's a question I've been asked again and again from first-time home buyers, seasoned sellers, just about anyone who finds herself in the middle of a real estate transaction that seems to have slipped into a gray zone between... (Fri, 28 Dec 2007 08:39:27 GMT)

Soaking up the real estate market
For many investors administrative and residential real estate are two distinctly different creatures requiring separate areas of professional expertise and know-how. But Serge Borenstein president of Real Estate Karlín Group begs to differ. (Fri, 28 Dec 2007 09:36:15 GMT)

Buy or sell, real estate lingo worth learning
As in many businesses, the real estate industry has its own jargon. Without a dictionary, the buzzwords commonly tossed about sound like a foreign language to those outside of the industry. We hope the following explanations of real estate acronyms and phrases will help you make sense of the babble. (Fri, 28 Dec 2007 10:48:48 GMT)

Dubai Real Estate Institute launches resource centre
Dubai Real Estate Institute launches resource centre (Fri, 28 Dec 2007 12:10:40 GMT)

With uncanny instincts, a young widow grew into a real estate giant
It was classic Jean Burgdorff. In 1986, near the peak of the decade's housing boom, Burgdorff found a bank willing to pay top dollar for the company she had built from a small, family business into one of the state's biggest real estate brokerages. (Fri, 28 Dec 2007 13:23:16 GMT)

Downtown will remain hot real estate in 2008
Real estate experts say the city's commercial market will remain resilient in 2008 with Lower Manhattan expected to be a big draw. (Fri, 28 Dec 2007 15:26:22 GMT)

Dallas real estate saw commercial boom, residential bust in 2007
Your take on the real estate industry this year depends on what part of the business you're in. The commercial property sector boomed in 2007 with new projects and high-dollar sales. (Fri, 28 Dec 2007 17:51:18 GMT)

Sebi clears decks for real estate trusts in India
The much-awaited real estate investment trusts (REITs), which invest directly in real estate projects after collecting funds from investors through stock exchanges, are set to see their entry in Indian markets with the Securities and Exchange Board of India (Sebi) on Friday putting out draft rules for such trusts. (Fri, 28 Dec 2007 18:56:21 GMT)

A Change in Commercial Real Estate "Rules" in 2007
Commercial real estate owners, operators, and developers will remember 2007 as the year the rules changed. (Fri, 28 Dec 2007 19:22:02 GMT)

Feedback sought on NSW real estate agents
The New South Wales Government has launched an online survey to allow consumers to give feedback about the state's real estate agents. (Fri, 28 Dec 2007 20:31:00 GMT)

Sebi sets norms for real estate trusts
The flourishing real estate sector will soon have a major investment player. (Fri, 28 Dec 2007 21:17:30 GMT)

Commercial Real Estate: The Next Shoe to Drop?
A dark cloud is hovering over commercial real estate. The weakening economy and turmoil in the credit markets are combining to create stormy weather in 2008. (Fri, 28 Dec 2007 21:18:45 GMT)

Sebi sets norms for real estate trusts
The flourishing real estate sector will soon have a major investment player. Real estate investment trusts (REITs) are all to become a reality with market regulator Securities and Exchange Board of India (Sebi) proposing guidelines to regulate their fund-raising activities. REITs are companies - which are common in developed markets - that own and usually manage income-producing real estate ... (Fri, 28 Dec 2007 21:37:21 GMT)

Real estate growth on firm ground as demand overshoots supply
In broad terms, 2007 has been a good year for the $12 billion Indian real estate sector. All fundamentals are firmly in place, and there have been only isolated overheated pockets. The volume of residential sales had slackened, but is now picking up again satisfactorily. Too many funds chasing too few good projects was an area of concern, and the supply of quality spaces across sectors and ... (Fri, 28 Dec 2007 21:41:05 GMT)

Neuberger Berman Real Estate Securities Income Fund Announces Monthly Distributions
The Board of Directors of Neuberger Berman Real Estate Securities Income Fund Inc. (the "Fund"), (Fri, 28 Dec 2007 22:26:57 GMT)

Neuberger Berman Real Estate Securities Income Fund Announces Monthly Distributions
The Board of Directors of Neuberger Berman Real Estate Securities Income Fund Inc. (the "Fund"), which trades on the American Stock Exchange under ticker symbol NRO, has declared monthly distributions of $0.153080 per share for January 2008, February 2008 and March 2008. (Fri, 28 Dec 2007 22:32:28 GMT)

Real estate market slips, but still strong (6 p.m.)
LAS CRUCES After a red-hot pace in 2006, the Las Cruces real estate market took a slight step backward in 2007. About 2,400 homes sold in 2006, while slightly less than 2,000 sold this year, according to statistics from the Multiple Listing Service compiled by Kaye Miller of Steinborn Realty. (Sat, 29 Dec 2007 02:10:51 GMT)

What rules real estate?
Asks Gargi Gupta as she analyses some of the most visible trends in the country’s booming market this year. The real estate boom has been with us for a few years now. (Sat, 29 Dec 2007 04:51:05 GMT)

Real Estate People & Places
Real estate news in brief. (Sat, 29 Dec 2007 05:28:57 GMT)

Dubai Real Estate Institute establishes region's first industry specific resource center
The Dubai Real Estate Institute (DREI), the first specialised real estate institution in the region, announced another first with the launch of an industry specific resource centre. (Sat, 29 Dec 2007 07:49:13 GMT)

South Florida: Real estate broker wants to replace Rep. Klein
A Palm Beach Gardens real estate broker has started a campaign to try to unseat first-term U.S. Rep. Ron Klein, D-Boca Raton. (Sat, 29 Dec 2007 08:08:00 GMT)

Scammers find real estate a sweet target
A local Realtor, who happens to be the 2008 president of the Chico Association of Realtors, was exposed to a new take on Internet scamming involving real estate. (Sat, 29 Dec 2007 08:54:50 GMT)

Sebi clears decks for real estate trusts in India
The much-awaited real estate investment trusts (REITs), which invest directly in real estate projects after collecting funds from investors through stock exchanges, are set to see their entry in Indian markets with the Securities and Exchange Board of India (Sebi) on Friday putting out draft rules for such trusts. (Sat, 29 Dec 2007 11:33:18 GMT)

Real estate market slips, but still strong (6 p.m.)
LAS CRUCES After a red-hot pace in 2006, the Las Cruces real estate market took a slight step backward in 2007. About 2,400 homes sold in 2006, while slightly less than 2,000 sold this year, according to statistics from the Multiple Listing Service compiled by Kaye Miller of Steinborn Realty. (Sat, 29 Dec 2007 12:12:29 GMT)

One Writer Asks: What Rules Real Estate?
What rules real estate? That's what Business-Standard writer Gargi Gupta is asking as the year comes to a close. First off, Gupta says, green is big, and it's just getting bigger. (Sat, 29 Dec 2007 19:07:02 GMT)

MO real estate agent question: How much can I help my mom with property not acting as an agent?
MO real estate agent question: How much can I help my mom with property not acting as an agent? (Sat, 29 Dec 2007 21:08:22 GMT)

Police Arrest Man Who Murdered Real Estate Developer
ATLANTA (FOX 5) -- Atlanta Police have arrested the man who murdered real estate developer, Byron Washington. (Sun, 30 Dec 2007 02:22:08 GMT)

Real estate people
Do you have real estate news? Send it to business@citizen-times.com, with "Real Estate People" in the subject line. We will publish items as soon as possible, in the order in which they were received. (Sun, 30 Dec 2007 05:46:34 GMT)

REAL ESTATE TRANSACTIONS
Real estate transactions recorded at the Manatee County Courthouse: (Sun, 30 Dec 2007 05:54:54 GMT)

2008 Could Be A Great Year For Savvy Realtors, Says Real Estate Newsletter Expert
Despite the gloomy news on the U.S. housing market, 2008 could be a banner year for real estate agents who have built a relationship with their clients, says Simon Payn, president of real estate newsletter provider Ready to Go Newsletters, http://www.readytogonewsletters.com. (PRWeb Dec 30, 2007) (Sun, 30 Dec 2007 08:05:09 GMT)

2008 Preview: Real estate
Revealing the mystery buyer for Sun Microsystems Inc.'s 440-acre campus in Louisville is likely to be the big commercial real estate story for 2008. (Sun, 30 Dec 2007 08:13:35 GMT)

Real Estate Bank appoints NBAD to offer financing options for premium residential project
Real Estate Bank, the government-owned entity specialised in facilitating real estate credit for establishments and government organisations in the UAE, has signed a partnership agreement with National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, to provide financing options for Al Maha Tower in Abu Dhabi. (Sun, 30 Dec 2007 08:49:27 GMT)

Site allows users to exchange information about real estate
It used to be you went to online real estate sites in search of pictures and information about homes for sale. Then came virtual tours, aerial maps, and easy access to data about comparable sales. Now comes a slew of sites encouraging you to chat about real estate online. (Sun, 30 Dec 2007 09:06:38 GMT)

Interview at least 3 real estate agents so you can compare training
Q. I read a column by you in which you argued that a need for real estate agents comes from "the complexity, regulation, requirements and procedures facing real estate buyers and sellers." These are glittering generalities without any substantiating facts. Moreover, you are ascribing to the millions of real estate agents in the United States that ply their trade a level of knowledge and ... (Sun, 30 Dec 2007 09:06:48 GMT)

Real estate projects enticing, but risky
VietNamNet Bridge - The local real estate market has become one of the hottest in Asia but the risks of investment remain high, foreign and domestic experts say. (Sun, 30 Dec 2007 10:29:28 GMT)

Real Estate Bank in partnership with NBAD
Real Estate Bank in partnership with NBAD (Sun, 30 Dec 2007 12:04:26 GMT)

For the Bay Area real estate industry, 2007 went from boom to tizzy
As 2007 comes to a close, most people in the Bay Area real estate industry are happy to bid it farewell. And don't let the door hit you on the way out. It became clear this year that the real estate boom of the first part of the decade had officially gone... (Sun, 30 Dec 2007 16:46:23 GMT)

Experts expect real estate slump to last well into 2008
While 2007 slides into the record books as a real estate industry train wreck, few are predicting that 2008 will be much better. For clues, economists say they will be watching the health of the national economy, the situation with foreclosures and the... (Sun, 30 Dec 2007 16:46:33 GMT)

After subprime and residential real estate massacre, the next blow on the economy comes from sharply contracting ...
The subprime mortgage massacre was the start. The clobbered real estate sector accelerated the process. The final blow on the economy now comes from the retail sector. The $3 gas price and above 10% drop in housing prices is extending the effects into the economy. (Sun, 30 Dec 2007 19:57:33 GMT)

Police Arrest Man Who Murdered Real Estate Developer
ATLANTA (FOX 5) -- Atlanta Police have arrested the man who murdered real estate developer, Byron Washington. (Mon, 31 Dec 2007 00:07:02 GMT)

Subprime's wake: Residential real estate rebounds
The big real estate story nationally this year was the collapse of the subprime mortgage market. Albuquerque saw a downturn in sales and housing starts, but was not hit as hard as other markets. (Mon, 31 Dec 2007 05:22:01 GMT)

Bright side: Real estate markets holding steady
As they move into 2008, Houston builders and developers in both the commercial and residential real estate markets -- backed up by the area's top economists -- are counting their blessings. (Mon, 31 Dec 2007 05:22:41 GMT)

Top real estate deals of '07
While 2007 lacked many blockbuster real estate deals, the Dayton area still saw some big dollars spent on commercial property. As in years past, many of the top deals this year came from the hands of out-of-state investors who continued to shell out big dollars for local land and buildings. (Mon, 31 Dec 2007 05:26:32 GMT)

Thinking big: Whether Uptown or Downtown, commercial real estate developers set their sights way up there
The commercial real estate market was marked by big projects in 2007, from malls to hotels to condo projects. (Mon, 31 Dec 2007 05:38:46 GMT)

Bluerock Real Estate adds Corporate Hill to portfolio
Bluerock Real Estate has the three-building Corporate Hill office campus in west St. Louis County under contract for $40 million. (Mon, 31 Dec 2007 05:39:16 GMT)

Commercial real estate market starts to cool down
It was a year of transition for commercial real estate. After years of booming growth, the markets showed some signs of cooling down. Both the pace and appreciation of investment sales slowed, and the amount of space leased across the region also was relatively flat. The late summer credit crunch alarmed the market, but didn't make a major dent in the amount of deals that were able to close this ... (Mon, 31 Dec 2007 05:40:37 GMT)

Local realtors prepare to honor 57-year real estate veteran
BRISTOL, Tenn. – "You don’t go into real estate, you grow into it," says Sam Wilkerson, a man who, after 57 years in the business, still hasn’t grown out of it. Wilkerson, a 90-year-old lifelong Bristol Tennessee resident, sells and manages commercial real estate for Interstate Realty Advisors. On Jan. 12, the Bristol Association of Realtors will honor Wilkerson with "Realtor Emeritus" status. ... (Mon, 31 Dec 2007 06:25:18 GMT)

Kuwait: Real estate sales continued to increase during November 2007
In its latest economic brief on the monthly statistics of registered real estate contracts issued by the Ministry of Justice, excluding sales conducted through agents, National Bank of Kuwait reports that real estate sales increased for the third month in a row during November. (Mon, 31 Dec 2007 09:47:26 GMT)

REAL ESTATE FOR RENT
HILTON, view of Lycabettus and park, 110 sq.m., 2 bedrooms, 2 bathrooms, 10 years old, fireplace, a/c, parking, verandas. KONSTANTOPOULOS REAL ESTATE, 210.98.13.056, 6970.835.588. (HT6392) (Mon, 31 Dec 2007 10:53:19 GMT)

Dubai's Real Estate Regulatory Agency issues 1st list of realty developers
The Real Estate Regulatory Agency (Rera) has issued the first list of realty developers according to Law No. 8 of 2007 that includes more than 400 companies possessing real estate developer licence establishing the principal of transparency in Dubai. (Mon, 31 Dec 2007 11:50:52 GMT)

Forestar Real Estate Group Spin-Off Completed
Forestar Real Estate Group Inc. (NYSE:FOR) today announced the completion of its spin-off as an independent (Mon, 31 Dec 2007 14:12:55 GMT)

Real estate in the Web era
Like so many industries, technology has brought big changes to the selling and buying of real estate. Some agents – and their sales counterparts in other corners of the business world – have taken to it better than others, says real estate agent consultant and coach Michael Russer. (Mon, 31 Dec 2007 14:55:48 GMT)

Temple-Inland Announces the Completion of the Spin-Offs of Guaranty Financial Group Inc. and Forestar Real Estate ...
Temple-Inland Inc. (NYSE:TIN) today announced that the previously announced spin-offs of Guaranty Financial Group Inc. and Forestar Real Estate Group Inc. were completed as of the close of business on December 28, 2007 through tax-free distributions of Guaranty and Forestar common stock to Temple-Inland stockholders of record as of the close of business on December 14, 2007 (the "Record Date"). (Mon, 31 Dec 2007 15:35:04 GMT)

Real estate transactions
Residential real estate transactions over $150,000 filed with the Clark County Assessor from Nov. 1-15. The information includes seller's name, buyer's name, property location, description, price and closing date. Listed below are some of the 507 sales recorded in November. (Mon, 31 Dec 2007 17:27:14 GMT)

Clark County real estate roundup
Recent commercial real estate transactions as reported by area brokerage firms. Northwest Sign Solutions Inc. has leased 1,782 square feet of office space from EastRidge Associates I LLC at 11912 N.E. 95th St., No. 330, Vancouver. (Mon, 31 Dec 2007 17:27:24 GMT)

L.A. Real Estate Co. Adds New Wireless Service to Its Resorts
Los Angeles--Destination Hotels & Resorts--which is owned by Los Angeles-based real estate investment, management and development firm Lowe Enterprises, Inc.--has added new wireless connection service to three more of its locations. (Mon, 31 Dec 2007 23:07:17 GMT)

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