Real estate firm in hot water (The Mercury)

Real estate firm in hot water (The Mercury)
A HOBART real estate agency yesterday admitted falsely advertising a property as "virtual waterfront". Glendean Investments, trading as PRD Nationwide Eastern Shore, pleaded guilty yesterday to making a false or misleading statement in the advertisement for a Sandford property, east of Hobart.

Wells Fargo real estate unit to buy Secured Capital (Los Angeles Business)
Wells Fargo & Co. said Wednesday that its real estate investment banking unit, Eastdil Realty LLC, will buy Secured Capital Corp.

ANALYSIS: CHINA'S REAL ESTATE SECTOR (Asia Pulse via Yahoo! Australia & NZ Finance)
Statistics China's real estate sector will grow at an annual rate of not lower than 10 per cent in the coming 15 years even under the macro-control policy, said Huang Yu, vice president of China Indicator Research Institute.

San Diego ranks as top real estate investment market (San Diego Daily Transcript via Yahoo! News)
Although a continuous flow of capital has kept the real estate industry stable overall, growth over the next year is likely to be more moderate compared to the robust levels of recent months, according to Emerging Trends in Real Estate 2006, just released by the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP.