April 8 (Bloomberg) — Crescent Real Estate Equities Co., a real-estate investment trust founded by Richard Rainwater, and its partners agreed to sell U.S. properties including the Fairmont Sonoma Mission Inn & Spa for $620 million to Walton TCC Hotel Investors, just days after Walton terminated its offer.

Some brokers have an inflated sense of importance 
Q: I am a real estate broker who favors the switch to a marketing-cost-plus-commission arrangement recommended by one of your correspondents. It would wake sellers up to the true cost of their transactions. I also object to your ongoing vendetta against the…

What’s Selling? Real Estate Sales For Carolina Beach & Kure Beach For The Period March 18 - March 25, 2007 
MORE… Based on information from the Wilmington Regional Association of REALTORS (R) Incorporated, for the period 3-18-2007 through 3-25-2007. Information considered reliable but not guaranteed.

Real estate brokers save Paper Mill Playhouse 
Two local real estate companies have come to the rescue of the financially struggling Paper Mill Playhouse, one of the Northeast’s premier nonprofit theaters, according to a newspaper report. At an emergency board meeting at the theater on Thursday night, Kenneth Thorn, chairman of the theater’s board of trustees, said two real estate companies were backing a bank loan that would help the theater …

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