Friday, October 07, 2005

O&Y Investors Approve Brookfield Real-Estate Offer (Update3) (Bloomberg.com)


O&Y Investors Approve Brookfield Real-Estate Offer (Update3) (Bloomberg.com)
Oct. 7 (Bloomberg) -- The Reichmann family won shareholder support for the first part of a two-tier transaction to sell its Canadian real-estate holdings to a group led by Brookfield Properties Corp. for about C$1.25 billion ($1.06 billion).

Real Estate Market Uncertain After Storms (ABC News)
New Orleans Real Estate Market Has Uncertain Long-Term Outlook After Hurricane Katrina

Damon's acquired by N.C. real estate firm (Business First of Columbus)
A Charlotte, N.C.-based real estate development company is acquiring Damon's International Inc.

Real Estate Market Uncertain After Storms (AP via Yahoo! News)
Real estate agent Fred Buras' cell phone has been ringing incessantly for weeks. Residents displaced by Hurricane Katrina are on the line asking if he has any high-and-dry properties they can move into quickly. Speculators from across the country are calling, looking to buy heavily damaged homes on the cheap.

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