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Tokyo Replaces Shanghai as Best Asian City to Buy Real Estate (Bloomberg)
Dec. 4 (Bloomberg) -- Tokyo overtook Shanghai as the best Asian city to buy real estate as investors seek less risky investment for 2009, a survey by the Urban Land Institute and PricewaterhouseCoopers LLP showed.

ERA Pacesetter closes real estate business (BizJournals)
One of Greater Nashville?s largest residential real estate firms ? ERA Pacesetter Partners ? is closing up shop, the latest casualty of tough economic times.

Real estate sector forced to reassess (Financial Times)
From commercial space in Saudi Arabia to upmarket residential complexes in Bahrain, real estate markets across the region are feeling the shocks of the global economic crisis.

Nokomis Real Estate Ventures LLC files bankruptcy petition (BizJournals)
Nokomis Real Estate Ventures LLC filed a petition in Tampa federal court seeking Chapter 11 bankruptcy.

Rate cut great news: real estate agents (Stuff)
Real estate experts believe the official cash rate cut of 1.5 percent will prevent house sales falling any further but warn the full effects will take a long time to trickle down into the sector.

Citigroup Said to Cut Most of Asia Real Estate Team After Slump (Bloomberg)
Dec. 3 (Bloomberg) -- Citigroup Inc. fired most employees at its real estate investment banking team in Asia after slumping property prices stifled share sales and acquisitions in the industry, three people familiar with the matter said.

Qatar Real Estate Borrows 1 Billion Riyals in Islamic Loan (Bloomberg)
Dec. 3 (Bloomberg) -- Qatar Real Estate Investment Co. , which develops residential and commercial property, agreed to borrow 1 billion riyals ($270 million) in an Islamic loan from two domestic lenders to fund its projects.

Travers cuts jobs in real estate and corporte (The Lawyer)
Travers Smith has become the latest firm to make redundancies, shedding four associates across its real estate and corporate groups. ...

Real estate slump helps end Martin County's legal battle against Port St. Lucie growth, developer...
The declining real estate market helped end the dispute between Martin County and Port St. Lucie over who should pay for new roads, boat ramps and beach accesses in Martin County to serve new Port St. Lucie residents, several city and county officials said Tuesday.

Tokyo is best Asian city to buy real estate (Business Times (Malaysia))
TOKYO overtook Shanghai as the best Asian city to buy real estate as investors seek less risky investment for 2009, a survey by the Urban Land Institute and PricewaterhouseCoopers LLP showed.