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German Investment Firms buying US properties at Discounted Prices

October 31, 2009

German Firms Scour U.S. for Deals | online.wsj.com

Deka an asset manager for German banks operates the country’s largest of open-ended property funds of around $28.24 B in property assets. In September, Deka bought a 12-story building in Washington, D.C., for $208 m at the top end of prime office space in the capital. Other German buyers of U.S. property included the insurance company Allianz SE which purchased a 50% stake in Boston’s Once Beacon Square from Beacon Capital Partners in a deal that is valued the building at $508 million.

Case-Shiller Report is Old News & the Information is Outdated

October 31, 2009

Home Price Improvements May Be Short-Lived | www.realestateeconomywatch.com

The most recent Case-Shiller report stated, that home price index has risen four consecutive months a sign of steady improvement and stabilization of the housing market. The August date compared to the same data (August 2008) was down about 11.2 per cent. There will be further softening of the Real Estate sales as well as home values.

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