REAL ESTATE

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Lone Star's acquisition of Japan REIT blocked

U.S. investment fund Lone Star's planned takeover of failed Japanese real estate investment trust (REIT) New City Residence Investment Corp was blocked by creditors on Wednesday.
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Tokyo new apartment supply seen at 17-yr low

New apartments put up for sale in Tokyo this year are likely be a quarter less than previously forecast and hit a 17-year low as developers struggle to make sales, a research firm said on Tuesday.
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Are China's smaller cities a bargain for investors?

Wuhan, Chongqing and Chengdu aren't exactly names that roll off the tongue for foreign investors in China's real estate, but these cities may offer more bang for the buck than their more-famous coastal cousins or capital Beijing.
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U.S. mulling mortgage aid for unemployed

President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with monthly payments, an administration official said on Monday.
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Top 10 Cities With Most Price Reductions

Real estate research site Trulia.com says 24.6 percent of current homes on the market in the United States as of July 1, have had at least one price cut, totaling $27.1 billion in reductions.
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Americans swap homes for hotels as recession bites

Some Americans are swapping homes for motels as the ranks of the homeless swell during the recession, crowding out shelters and forcing cities and states across the country to find new types of housing.
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Student homes shine amid Europe property gloom

Property investors are turning to the student accommodation sector as a would-be phoenix rising from the ashes of the UK real estate market, promising growth in returns and size for at least the next few years.
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Europe property investments down 42 pct in H1-report

Direct investments in European commercial real estate fell 42 percent in the first half of 2009, compared with the final six months of 2008, with buyers held back by a lack of bank lending, a report said on Friday.
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Best of rally in US REIT bonds likely past

A dramatic rally in bonds of U.S. real estate investment trusts may not be sustainable as the sector faces a protracted slump in property values, low occupancy rates, and weakened credit markets.
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U.S. mortgage fraud

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
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U.S. apartment vacancies near historic high-report

The vacancy rate for U.S. apartments reached its highest level in more than 20 years in the second quarter and could soon exceed record highs if the recession persists, real estate research firm Reis Inc said.
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Computing in the Clouds

Storing and sharing real estate documents on the Internet translates into higher productivity and better customer service.
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Deutsche Bank to sell NY building for $600 mln -WSJ

Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort & Sons and partner RCG Longview, The Wall Street Journal reported, citing two people familiar with the matter.
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China Development books $26 mln profit in property deal

Taiwan's China Development Financial Holding has sold its stake in the Taipei 101 building for an T$860 million ($26 million) profit to a unit of Ting Hsin International group, paving the way for the food company to enter the island's property market.
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US office market continues to spiral down--report

The U.S. office market vacancy rate reached 15.9 percent in the second quarter, its highest in four years and rent fell by the largest amount in more than seven as demand from companies and other office renters remained weak, real estate research firm Reis said Inc.
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World Trade Center developer quits negotations

The New York-New Jersey Port Authority on Monday said the World Trade Center developer, Larry Silverstein, had stopped negotiating over his demand for the agency to guarantee his loans for two office towers.
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Did You Know: Size of Home Purchased

The American Institute of Architects recently released a study, AIA Home Design Trends Survey, showing there is a growing demand away from McMansions and towards homes that are smaller.
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Summertime....Will the Home Buying be Easy?

It was a good kick-off for the summer season. The pending home sales index figure that was released earlier this month marked a third straight month of rising pending sales. That is certainly welcome and encouraging news.
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Remodeling Industry Shows Signs of Rebound?

The home remodeling history has taken a hit in recent months but finally may be starting to show signs of picking up, according to the Web site www.remodelormove.com and its latest Remodeling Permit Activity Report.

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