Sotheby's buys Mitchell Group real estate firm (Monterey County Herald)

Sotheby's buys Mitchell Group real estate firm (Monterey County Herald)
The long-rumored purchase of The Mitchell Group -- Monterey County's largest independent real estate brokerage -- was culminated at midnight Monday by Sotheby's International Realty Inc.

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 15.30, or 0.3 percent, to 4926.39 as of 4:59 p.m. in Frankfurt after dropping as much as 0.9 percent earlier.

Website turns in first profit for real estate body (The New Zealand Herald)
The Real Estate Institute has stemmed big losses on its website, which has made a profit this year for the first time since it was launched almost a decade ago.

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.