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First Financial Northwest Inc. of Renton posted a third quarter net loss of $1.7 million on Wednesday as it continues to work through millions of dollars in bad commercial real estate loans. The bank has lost $28.5 million in the first nine months of this year. (FFNW)

THOUSAND OAKS, CA--(Marketwire - October 21, 2009) - California Oaks State Bank (OTCBB: COSB) a community business bank with assets of $130.2 million, today reported net income for the nine months of 2009 of $129,411 or $0.09 per share, compared to net income of $140,391 or $0.09 per share in the same time period of 2008. Results for the 3rd quarter showed net income of $66,011 compared to net income of $22,838 in the same quarter in 2008. Results in the 3rd quarter were impacted positively by one-time gains on Other Real Estate Owned that was sold in the 3rd quarter totaling $113,650 but was partially offset by OREO expenses during the same time period of $40,222.

The Abu Dhabi Securities Index on Wednesday fell 26.94 points, or 0.85%, to end the day on 3,156. With no sectors ending the day in positive territory, the industrial index saw the biggest drop, down 3.92%. Real estate stocks Aldar and Sorouh also declined by 2.06% and 2.49%, respectively.

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2009) - Altus Group Income Fund ('Altus') (TSX:AIF.UN) is pleased to announce its distributions for the month of October 2009. The cash distribution will be $0.10 per unit. Payment will be made on November 15, 2009 to unit holders of record as at October 31, 2009. About Altus Group Income Fund Altus Group is the leading multidisciplinary provider of independent real estate consulting and professional advisory services worldwide. With a staff of over 1,500, Altus Group has a network of over 50 offices in 11 countries, including Canada, UK, Australia, Asia, USA and the Middle East. We operate four interrelated Business Units, bringing years of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting and Geomatics services. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landl

Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate.

The Federal Reserve's latest snapshot of business conditions nationwide found many sectors of the economy either stabilized or logged modest improvements over the last six weeks. The housing and manufacturing sectors showed the most improvement, while the commercial real estate market and consumer spending remained weak.

NEW YORK (MarketWatch) -- U.S. stocks on Wednesday maintained a slight rise after the Federal Reserve reported modest improvements in some sectors of the economy, with commercial real estate viewed as...

Weekly Survey on Mortgage Application Activity for the week ending October 16, 2009.Housing is a key component of economic forecasts, thus real estate surveys and housing data are closely scrutinized ...

SEB Asset Management has increased the proportion of German properties in its SEB ImmoPortfolio Target Return Fund open-ended real estate fund (ISIN: DE0009802314) to 11. Around 14 months after signing the purchase agreement, it has added the Cäcilium in Cologne, which was constructed by the Essen-based project developer Kölbl Kruse GmbH, to its portfolio. The total investment cost is approximately €75.5 million. The new six-story building on Cäcilienstrasse / the corner of the Nord-Süd-Fahrt t

Argo Real Estate Opportunities Fund is pleased to announce it successfully opened its the Riviera Shopping City, in Odessa, Ukraine. Riviera is a destination retail and entertainment shopping center with a total built area of some 85,000 m² and leasable area of approximately 65,000 m². Riviera attracted 200,000 shoppers in its first three days of operation and its retailers made over 70,000 individual sales; an outstanding result for this new landmark shopping center, demonstrating the strength