Real Estate News
Home prices up for 1st time in 3 years
The value of U.S. homes grew on a monthly basis in May for the first time in nearly three years, according to 20-city index released Tuesday. The month-over-month increase was 0.5%, according to the report from financial data company Standard & Poor’s and economists Case-Shiller. It was the first increase in the monthly index since [...]
Zell’s Equity International May Open Brazil Real Estate Unit
Sam Zell’s Equity International may open a real estate financing company in Brazil as record-low interest rates in Latin America’s biggest economy boost demand for alternative investments. Equity International is seeking partners to grow Brazil’s “still nascent” real estate financing market, Chief Strategic Officer and Vice President of Investments Thomas McDonald said in an interview [...]
Airways Business Center sells for $7.27M
Owners of a warehouse at the Airways Business Center in Aurora have sold the property for $7.27 million, according to Adams County real estate records. County records show that the building, located at 2460 Airport Blvd., includes 162,000 square feet of space and was completed in
Hypo Real Estate needs more state aid
Stricken German bank Hypo Real Estate will need more state support even after a capital increase the German government is pushing through to take full control of the lender, its chief executive said. “There is a need for more capital after the capital increase that the general meeting will address on Tuesday,” Axel Wieandt told [...]
Weichert Sees New Housing Bill Aiding an Already Improving Real Estate Market
Weichert Sees New Housing Bill Aiding an Already Improving Real Estate Market At the start of the year, James M. Weichert, president and founder of Weichert, Realtors(R), one of the nation’s largest privately-held real estate companies, called upon Congress to take action to stimulate the struggling economy amid growing national concern. Specifically, Weichert proposed a [...]
