Real estate industry
Westpac Banking Corp (ASX:WBC) has made a significant move into the Australian real estate market by acquiring $100 million worth of residential property from the Defence Housing Authority (DHA), marking the first step in the launch of a new residential property trust. This innovative move is expected to be
Real estate industry
Dividend Capital Total Realty Trust Inc. has successfully raised $2 billion in equity capital through its public offering of common stock, satisfying the minimum offering requirements. The company has commenced formal business operations, marking an important milestone in its development as a Real Estate Investment Trust (REIT). As part of
Real estate industry
RealEstateABC, a division of Internet Brands, has announced the launch of ABC Values, a free online home valuation tool that complements the expertise of local real estate agents. The tool uses a database of approximately 60 million homes in the U.S. and 20 million recent home sale transactions to
Real estate industry
Franklin Street Properties Corp. (FSP) will participate in the New York Society of Security Analysts 16th Annual Investing in the REIT Industry Conference on March 30. CEO George J. Carter and CFO John Demeritt will deliver a presentation at 9:10 AM (ET), which will be followed by a replay
Real estate industry
Mack-Cali Realty Corporation (NYSE: CLI) has entered a joint venture agreement with The PRC Group to develop a 92,878 square-foot class A office building in Red Bank, New Jersey. The project is part of a two-building complex, Red Bank Corporate Plaza, and has been entirely pre-leased to Hovnanian Enterprises,
Real estate industry
Virginia real estate agent Sherry Daminski, who started her business just six years ago with her husband Ed, has built a pipeline of 15,000 prospects and earns $575,000 in commissions from 112 transactions annually. Daminski credits her success to a strategic mix of postcards, follow-up, and an extensive
Real estate industry
Acadia Realty Trust, a fully integrated and self-managed equity real estate investment trust, has announced its dividend for the first quarter ending March 31, 2006. The Board of Trustees declared a dividend of $0.185 per Common Share and Common Operating Partnership (OP) Unit, payable on April 14, 2006, to
Real estate industry
CBRE Realty Finance is preparing to launch its initial public offering, seeking to raise up to $200 million with the help of Credit Suisse and Deutsche Bank as underwriters. This move follows a June private offering that raised $300 million, which has since been utilized for $538 million of investments.
Real estate industry
A wave of concern is building in Japan's real estate market, with experts warning that a mini-bubble is emerging. Land prices in Tokyo's prime business districts have skyrocketed, reaching levels reminiscent of the late 1980s. While the market is still undervalued compared to London and New
Real estate industry
Real estate professionals can now access free syndicated news content from Fidelity Assets' industry blog, providing them with real-time information about the worldwide real estate market. This content can be published on their websites through an RSS feed at no cost, allowing clients and site visitors to stay informed
Real estate industry
The UK's housing market showed no signs of slowing down in January, with mortgage lending hitting levels not seen since the pre-boom days in 2004. According to the Bank of England, mortgage lending totaled £9.16 billion in January, surpassing the £4.99 billion recorded in April 2004
Real estate industry
China's real estate market has demonstrated signs of stabilization in 2005, following a series of macro control policies implemented to curb overgrowth of investment in the sector. The overheated demand for houses has cooled down, and the supply and demand relations on the real estate market have improved,
