Tuesday, August 23, 2005

German Stocks Fall, Paced by Commerzbank, Hypo Real Estate, AWD (Bloomberg.com)


German Stocks Fall, Paced by Commerzbank, Hypo Real Estate, AWD (Bloomberg.com)
Aug. 23 (Bloomberg) -- German stocks fell, paced by Commerzbank AG, Hypo Real Estate AG and AWD Holding AG. The benchmark DAX Index slipped 23.95, or 0.5 percent, to 4917.74. Twenty-one stocks fell, seven rose and two were unchanged.

Prudential Real Estate Investors and Harvest Properties Acquire Westport Office Park (Business Wire via Yahoo! Finance)
Prudential Real Estate Investors announced today that on behalf of its investors it has acquired Westport Office Park in partnership with Emeryville, California-based Harvest Properties.

Why rising interest rates haven't sunk the real estate market -- yet (Detroit News)
SAN FRANCISCO -- Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a nearly four-year high.

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