NEW YORK CITY-Delaware court has dismissed Central Mortgage Co.'s claims that Morgan Stanley Mortgage Capital Holdings should be held responsible for faulty mortgage loans.

INDIANAPOLIS-In the absence of federal tax credit for homebuyers, the housing market in the Indianapolis region took a plunge in July 2010.

CHICAGO-Seattle's Best Coffee LLC is planning to start a new branch at 55 E. Monroe St. in Chicago by October.

OSLO-Pandox AB, a real estate firm in Sweden, has agreed to purchase Norgani Hotels AS, the Nordic hotel property firm, from Norwegian Property ASA for $1.33 billion.

INDIANAPOLIS-Several mortgage brokers in Indianapolis have been forced to exit the market due to the turmoil in the US housing financing industry and the consequent tightening of regulations.

WASHINGTON, DC-According to the National Association of Realtors, the sales of homes that were previously occupied will show a decrease of 26% in July.

NEW YORK CITY-Ponzi schemer James Nicholson's Manhattan condominium, the Time Warner Center-Unit ST-52A, has been sold by the federal government to Lucky Charming Chad LLC for $6.75 million.

CHICAGO-Cushman & Wakefield is foreseeing significant growth opportunities in Chicago's real estate market and is therefore planning to increase its business lines in the city.