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U.S. real estate hasn't hit the bottom yet (International Herald Tribune) Commercial real estate prices are likely to tumble over the next 12 to 18 months as borrowers default on loans and regulators crack down on banks, pushing more properties onto the market. Real estate company official held for duping 5,000 people (Calcutta News) A top official of a Delhi based real estate company was arrested from a hotel in Mumbai for allegedly cheating over 5,000 people to the tune of millions of rupees on the promises of luxurious flats, the police said Tuesday. Real estate market shrinks on LI (Newsday) Long Island's real estate market generated $6 billion less in sales in 2007 than two years before, costing millions in tax revenue, consumer spending and incomes, plus thousands of jobs Real estate tycoon ignores new unauthorized biography (Aftenposten) Olav Thon built up a fortune in real estate and ranks as one of Norway's wealthiest men. A new, critical biography of the 85-year-old self-made mogul attempts to document how Thon made his money, but Thon himself won't even comment on it. Real Estate Agent Missing (FOX 11 News Los Angeles) BRENTWOOD -- A real estate agent who has not been seen since Wednesday remained missing today. Regional Real Estate Sector Bucking International Trends (Khaleej Times) dubai ? The western downturn in the global property market contrasted with the Middle East, where the real estate market continues to power ahead, comes under detailed examination next month at Cityscape Dubai 2008. China remains major real estate powerhouse (The Star) SINGAPORE: China will remain a major real estate powerhouse even after the Beijing Olympics and despite the backdrop of weaker property prices, according to Hang Lung Properties Ltd. Real Estate Agent Missing (FOX 11 News Los Angeles) A real estate agent who has not been seen since Wednesday remained missing today. Scot Williamson was last seen at his home in the 11600 block of Sunset Boulevard, near Barrington Avenue, about noon on Wednesday, police said. Williamson had been scheduled to attend an important business meeting the next day. He failed to show up at that meeting and uncharacteristically failed to contact his ... Local real estate agents pleased at mortgage giants bailout (Rapid City Journal) The bailout of mortgage giants Fannie Mae and Freddie Mac was good news for area lenders and real estate agents. Investors Real Estate Trust Announces First Quarter Fiscal 2009 Financial and Operating Results (Marketwire via Yahoo! Finance) Investors Real Estate Trust (NASDAQ: IRETP) reported financial and operating results today for the quarter ended July 31, 2008. These results are summarized below; for the full report, please access the IRET website at www.iret.com to view the quarterly report on Form 10-Q filed with the Securities and Exchange Commission for the quarter ended July 31, 2008. | |
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