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real estate News Archive 05-May-2009

How Lehman Brothers Got Its Real Estate Fix (New York Times)Back when he was a major Wall Street deal maker, Mark A. Walsh, the former head of the global real estate group at Lehman Brothers , had a running joke with Carmine Visone, one of his managing directors.

April stats show stabilizing real estate market (CTV British Columbia)Housing property sales in greater Vancouver increased 31 per cent in April, making experts say we may soon be seeing more stability in the region's turbulent real estate market.

Moody's Cuts Ratings On $52.9 Billion In Comml Real Estate CDOs (Nasdaq)Moody's Investors Services said Monday it downgraded $52.9 billion in U.S. commercial real estate collateralized debt obligations in recent months as part of a review of $83.1 billion in CDOs begun in December amid deteriorating market conditions.

Justice, real estate service settle lawsuit (AP via Yahoo! Finance)The federal government and the operators of a property-listing service in South Carolina's capital city area have agreed on changes to how real estate brokers will do business.

Real Estate Roundup (BizJournals)Real Estate Roundup Office leases ? GeoDesign Inc., a geotechnical engineering design and consulting firm, signed an extension lease for 12,913 square feet at Pacific Corporate Center, 15575 S.W. Sequoia Parkway, Portland, from PacTrust. Mark McFarland of Pacific Real Estate Partners Inc. and Nathan Sasaki of Apex Real Estate Partners represented GeoDesign.

Medical is Real Estate Bright Spot (San Fernando Valley Business Journal)Business is moving along at a steady clip for David Kim of the commercial real estate firm Lee & Associates.

DOJ, real estate listing service settle lawsuit (AP via Yahoo! Finance)The federal government and a property-listing service in South Carolina's capital city area have agreed to change how real estate brokers do business, which should lead to more choices and lower fees for consumers, government attorneys said Monday.

Westar offers ?green? real estate course (BizJournals)Westar Energy will offer a green certification program to educate real estate agents about the characteristics of energy-efficient properties.

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