U.S. Real Estate News

03/09/2010 China Real Estate 4Q profit surges on heels of IPO (AP via Yahoo! Finance) China Real Estate Information Corp., whose U.S.-traded shares debuted in October, said Tuesday that its fourth-quarter profit rose six-fold on rising demand for its database and consulting services and the big acquisition late last year. .............................................................

03/09/2010 Is commercial real estate the next shoe to drop? (The Daily Record) For more than a year, economists and market-watchers have been wondering out loud whether commercial real estate is the “next shoe to drop� in the country’s ongoing economic crisis. Last month, a Congressional Oversight Panel made the issue an official worry of the U.S. government by publishing a report titled, “Commercial Real Estate Losses and [...] .............................................................

03/08/2010 Prudential Real Estate and Relocation Services Launches Industry's First Research and Development Laboratory ... (Business Wire via Yahoo! Finance) AUSTIN, Texas----Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company, one of the largest networks of real estate brokers in the U.S., announced at its annual convention today the launch of the real estate industry’s first research and development laboratory exclusively focused on building a new generation of tools for real estate professionals. .............................................................

03/03/2010 U.S. Stocks Trim Gain as Fed Says Real Estate, Loan Demand Weak (Bloomberg) March 3 (Bloomberg) -- U.S. stocks trimmed gains after the Federal Reserve said commercial real estate and loan demand remained weak in January and February and labor markets were still “soft.� .............................................................

03/09/2010 Royal Bank Eyes U.S. Banks With $10 Billion in Assets (Update1) (Bloomberg) March 9 (Bloomberg) -- Royal Bank of Canada is interested in U.S. banks with $10 billion in assets or more to add to its consumer lending business, said James Westlake , an executive who oversees the international unit. .............................................................

03/09/2010 U.S. Millionaires’ Ranks Rose 16% in 2009, Study Says (Update1) (Bloomberg) March 9 (Bloomberg) -- The millionaires’ club in the U.S. grew by 16 percent in 2009, following a 27 percent decline in 2008. .............................................................

03/05/2010 Elbit Plaza USA Aims to Invest up to $1B in U.S. Retail Real Estate (CoStar Group) Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers N.V., has entered into a co-investment agreement with Eastgate Property, an affiliate of international real estate fund manager, NCH Capital. Specifically... .............................................................

03/09/2010 Royal Bank eyes U.S. expansion (MalaysiaNews.net) Gordon Nixon, Royal Bank chief executive, has said he’ll be “cautious� about U.S. takeovers as long as there’s uncertainty over regulations and the economy. .............................................................

03/09/2010 Royal Bank eyes U.S. expansion (National Post) Royal Bank of Canada is interested in U.S. banks with US$10-billion in assets or more to add to its consumer lending business .............................................................

03/09/2010 Man Pleads Guilty In Real Estate Scam (WRTV Indianapolis) A former real estate agent who authorities believe conned at least eight people by renting them properties that were actually owned by a federal agency and running off with their deposits pleads guilty to a theft charge and faces several more. .............................................................