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real estate News Archive 05-Oct-2008

REAL ESTATE NOTES (Richmond Times-Dispatch)NEW FACES Long & Foster Realtors: Jay Donald is an agent in the Patterson Avenue office. Pam Prentice and Melissa Berling are agents in the Grove Avenue office. Alvin Lee and Sherri Spragg are new agents with Barber & Rhodes Real Estate. Andre Felder is an agent in the Midlothian office with MAP Investments & Realty.

Dallas Cowboys' Owens also collecting real estate (Dallas Morning News)Throughout his NFL career, Cowboys receiver Terrell Owens has collected touchdown passes, including four this season. Now, he's also collecting Dallas real estate.

Hypo Real Estate rescue plan collapses (Deutsche Welle)A 35 billion euro package to rescue the German mortgage lender Hypo Real Estate has collapsed after a a consortium of German banks pulled out. The German government would have provided 27 billion euros towards the rescue plan that would have been the biggest in German history.

Commercial Real Estate Faces `Reckoning,' Green Street Says (Bloomberg)Oct. 3 (Bloomberg) -- U.S. commercial real estate owners will face rising delinquencies and defaults resulting from the lending bubble of 2005 to 2007 and the turmoil could last longer than the housing slump, Green Street Advisors Inc.

Hypo Real Estate Says Banks Withdrew Support for Rescue Package (Bloomberg)Oct. 4 (Bloomberg) -- Hypo Real Estate Holding AG , the troubled German property lender, said private banks withdrew their support for a 35 billion-euro ($49 billion) rescue package.

Hypo Real Estate Rescue at Risk as Banks Withdraw Their Support (Bloomberg)Oct. 5 (Bloomberg) -- Hypo Real Estate Holding AG, the ailing German property lender, said a 35 billion-euro ($49 billion) government-backed bailout plan collapsed as commercial banks withdrew their support.

Real Estate Live (Washington Post)Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi.

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