RiverSource LaSalle International Real Estate Fund, Inc. March Distribution Information BOSTON–(BUSINESS WIRE)–On February 15, 2011, stockholders of RiverSource LaSalle International Real Estate Fund, Inc. (the “LaSalle Closed-End Fund”) (NYSE: SLS) at a Special Meeting of Stockholders (the “Special Meeting”) approved a [Read More]
Colliers International Recognized as a Global Leader in Commercial Real Estate Industry in 2011 Lips Colliers International‘s leadership position in the commercial real estate industry was reinforced today by its inclusion in the 2011 top global brand rankings survey by The Lipsey Company. Colliers International has ranked among the top [Read More]
Bulgarian real estate sees Russian way out of crisis Bankso. Bulgaria’s crisis-hit real estate sector is pinning its hopes on Russian holiday-home buyers rediscovering one of their favourite communist-era travel destinations, AFP reported. Russians with money to burn are replacing British property buyers who rushed to buy second homes on [Read More]
Punjab board offers plan to develop Lahore Trade Centre LAHORE: The Punjab Board of Investment and Trade (PBIT) has proposed the development of Lahore Trade Centre in line with the Real Estate Investment Trust (REIT) to attract both local and foreign investors, a top official of the PBIT said. “Despite offers to privatise the Lahore [Read More]
AMERCO and U-Haul International, Inc., Announce Launch of U-Haul Investors Club RENO, Nev., March 1, 2011 /PRNewswire/ — AMERCO (Nasdaq: Inspired by the concept of social lending, where individuals gather funds and lend to others with minimum involvement from intermediaries, the U-Haul Investors Club brings social lending to the corporate [Read More]
Further decline in prices on the real estate market projected in Azerbaijan Rising prices for food products in Azerbaijan can lead to lower prices on the real estate market, the world expert in the field of real estate appraisal, senior certified trainer of the International Real Property Foundation, George Badescu, said. [Read More]
Qatar: Diar, Barwa Real Estate Repaid $ 1.5 billion to Standard Chartered Bank Qatar (Doha) – Qatari Diar Real Estate Investment and Barwa Real Estate has announced that they have fully repaid the amount of $ 1.5 billion obtained through a temporarily financing agreement Murabaha concluded in cooperation with the Standard Chartered Bank, [Read More]
Kennedy Wilson Strengthens Commercial Real Estate Sales Capabilities BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Mary Ricks, executive vice chair of international real estate investment and services firm Kennedy Wilson (NYSE: KW), today announced that Rob Hannan has joined the company as managing director of investment sales. Kennedy Wilson [Read More]
Scotiabank Forum Discusses the Year Ahead for the Canadian Real Estate Market TORONTO, March 1 /CNW/ – In a presentation earlier today moderated by Scotiabank’s Managing Director of Real Estate Secured Lending, David Stafford, Scotiabank’s Chief Economist Warren Jestin and Senior Economist and real estate specialist Adrienne [Read More]
Sotheby’s International Realty Brand Opens Offices in Costa Brava, Spain PARSIPPANY, NJ and GIRONA, SPAIN–(Marketwire – February 28, 2011) – Sotheby’s International Realty Affiliates LLC today announced it has further expanded its global real estate network across Spain with the addition of Costa Brava Sotheby’s [Read More]
SBA Launches Program for Commercial Real Estate Refinancing: Arlington Richfield Arlington Richfield has become one of the fastest growing and respected private capital firms in the country with over One Billion annually in processed commercial financing transactions; they listen and are there to help. You can contact Arlington Richfield at [Read More]
New York City Commercial Real Estate New York City Commercial real estate networks work as links between commercial real estate property owners, brokers and investors. These network operators or companies offer commercial products and services that are suitable for both local and national buyers. These companies deal in varied types of commercial [Read More]
Global Property: Latvia registered Europe’s largest increase in housing prices in 2010 Real-estate prices in Latvia in 2010, compared to 2009, have increased by 19.09%, which is the largest increase in housing prices in Europe, according to a survey by international real-estate analysts Global Property Guide. ”Latvia was the best [Read More]
Marriott Splits Its Business: Two Separate Public Companies Marriott International Inc. shareholders are getting a break. They are going to be able to invest in two separate Marriott companies instead of one. In a prepared statement, chairman and CEO J.W. Marriott Jr. says, “Marriott took a bold step when we introduced our Marriott [Read More]
Hunter Realty Receives Four Top Broker Honors from Hotel Brokers International ATLANTA–(BUSINESS WIRE)–Hunter Realty, a nationwide hotel investment advisory firm, recently received four top honors for excellence in hotel real estate brokerage in 2010 from Hotel Brokers International, the world’s leading hotel real estate sales [Read More]
Real-estate firm eyes agility, lower cost with Google Apps SINGAPORE–Local real-estate agency HSR International Realtors is “going Google” to achieve better cost savings and business agility, and deliver relevant information in a timely fashion to its mobile sales staff. HSR CEO Patrick Liew said that its existing Linux-based [Read More]
Florida real estate brokerage files for bankruptcy Stirling Sotheby’s International Realty, which employs more than 100 real estate agents in the Orlando, Florida, area, filed for bankruptcy on Thursday. In a U.S. bankruptcy court, the company filed for Chapter 11 bankruptcy protection, listing assets of $1.1 million against liabilities in [Read More]
Real Estate TV Invests Rs 1 Bn for Pan-india Presence NEW DELHI: Real Estate Television, India’s first 24×7 channel dedicated to real estate and infrastructure will be available on all the major direct-to-home (DTH) platforms of the country.The channel has already signed with major cable operators in metros and major cities across the country. [Read More]
India realty looking better than China India’s housing sector is likely to fare better than China’s, as investors are upbeat on India, said the global head of an international real estate consultancy firm. “During recent meetings with investors we got this feeling that as of now they are more comfortable investing in India than [Read More]
Chinese investment surge hits Metro Vancouver housing market When real estate entrepreneur Cam Good hosted a group of predominantly mainland Chinese investors this Wednesday at a White Rock condo showing, he was tapping into a market that’s surging across much of Metro Vancouver. Good, president of The Key, a Vancouver-based sales and [Read More]
Doddaballapur Road is a good bet BANGALORE: Doddaballapur Road, tucked in the northern corridor, has benefited from the recent infrastructure facelift given to the roads leading to Bengaluru International Airport (BIA). The planned peripheral ring road (PRR), the proposed Information Technology Investment Region (ITIR) and the Aerospace Park [Read More]
Ivanka Trump eyes global real estate empire PANAMA CITY, Panama — While real estate tycoon Donald Trump appears to be setting his sights on the White House, his daughter Ivanka, a budding real estate mogul in her own right, is setting her sights on the rest of the world. The daughter of New York’s most [Read More]
Whitehall Hotel Loan Faces Imminent Default, Realpoint Says A $478.5 million loan backed by 107 hotels owned by Goldman Sachs Group Inc.’s Whitehall Street Global Real Estate Ltd. will be transferred to a special servicer because of imminent default, Realpoint LLC said. A representative for the borrower told the servicer that the loan likely [Read More]
Fortis buys cancer hospital in Singapore for Rs 115cr Fortis second attempt to enter Singapore has proved to be successful. Fortis Healthcare’s group company Fortis Global Healthcare Holdings acquired an under construction specialised cancer hospital in Singapore. Fortis bought the hospital from First Real Estate Investment Trust (REIT) [Read More]
Equity Research on Real Estate Investment Trusts Industry February 24, 2011, CHICAGO,(Coal Geology) – Today, Zacks Equity Research discusses the Real Estate Investment Trusts Industry, including: AvalonBay Communities, Inc. (NYSE: AVB), CB Richard Ellis Group Inc. (NYSE: CBG) and HCP (NYSE: HCP). A synopsis of today’s Industry Outlook is [Read More]
Coldwell Banker Real Estate CEO Jim Gillespie Provides Insights in New Book PARSIPPANY, NJ–(Marketwire – February 23, 2011) – Nationally known real estate author and host of Extra’s Mansions & Millionaires, Michael Corbett has written a straightforward guide about the home buying process in his third real estate [Read More]
Brazilian Real Estate in 2011 (openPR) – While investment in property in Brazil was rewarding in 2010, the good news is that 2011 looks set to be even better. A group of Brazilian real estate experts recently analysed the property market in Brazil and asked the vital question: what’s in store for the industry in [Read More]
Coldwell Banker Previews International Announces That the Beverly Hills Architectural Masterpiece Estate Restored by Hollywood Icon Jennifer Aniston will be Introduced to the Market at $42 Million Coldwell Banker Previews International announces that the unmatched Beverly Hills residence created by renowned mid century modern architect Hal Levitt [Read More]
Sternlicht Jumps into Billion-Dollar Bidding War for 600 Shopping Centers Nobody ever accused entrepreneur Barry Sternlicht of shying away from a good old-fashioned bidding war (for shopping Centers). And this time around he hasn’t surprised his legion of followers, either. Sternlicht’s Starwood Capital Group has made a late entrance, [Read More]
Morgan Stanley to Sell Chinese Motel Chain HONG KONG— Morgan Stanley is accepting bids for a popular Chinese motel chain that could fetch up to US$1 billion, people familiar with the matter said, as foreign and domestic hoteliers scramble to buy into the country’s travel boom. In 2006 Morgan Stanley spent US$20 million for 20% [Read More]
Colliers International Completes $2.5 Million Multifamily Sale in Huntington Beach, Calif Huntington Beach, CA – February 22, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, has completed the sale of a 10 Condos sold in bulk, located at 7935 Bay St. in Downtown Huntington [Read More]
Colliers Appoints (Dahlstrom)Head of Investment Services Group Twenty-five year commercial real estate industry veteran Warren Dahlstrom joined Colliers International’s Investment Services Group as president. He will oversee ISG’s U.S. platform while based in Washington, DC. Dahlstrom is an investment property professional that has sold, [Read More]
Tatas seek a regulator for real estate sector Chandigarh: Property developer Tata Housing on Wednesday pitched for creation of a real estate regulator in the upcoming union budget to ensure fair play in the industry and protection of consumer interests. It said the watchdog should be on the lines of those in banking, insurance and other [Read More]
Cammeby’s International Group Announces Four Lease Transactions at 32 and 42 Broadway in New York City NEW YORK, Feb. 22, 2011 /PRNewswire/ — Rubin Schron, founder of commercial and residential developer and owner Cammeby’s International, today announced that four leases have been signed, totaling more than 17,000 square feet of [Read More]
Andy Simon, the Accidental Scion Should I stay or should I go,” as Mick Jones of the Clash once sang, was the question weighing on Andy Simon’s mind throughout much of last year. But whereas Mr. Jones was lamenting a turbulent personal relationship, Mr. Simon’s thoughts were careening along a matter of real estate. [Read More]
Markaz announces its 2010 financial results Kuwait Financial Centre S.A.K. “Markaz”, one of the Middle East’s leading investment banking and asset management companies, announced its 2010 financial results. The Company reported a net profit of KD8.17m, or 18 fils per share; a 222% increase over last year’s results of [Read More]
Commercial Real Estate Loans: New Financing Option Available Commercial real estate loans are making the news wavers again with a life-line being thrown to help small business owners who will be facing impending balloon payments before December 31, 2012. This move which is aimed ultimately at saving jobs is another move by U.S. Small Business [Read More]
Mexico’s improved investment prospects could attract international investors Mexico’s improving economic prospects, coupled with low inflation, are winning the country a second look from international investors and fund managers, it is claimed. Investors see potential in Mexico’s services sector and in enticing more companies to market [Read More]
Barwa records QR1,405 million profits for 2010 Doha, Qatar, 22 February 2011: The Barwa Group, one of Qatar’s global leading investment and real estate companies, has announced net profits of QR 1,405 million for the period January – December 2010, an 84% per cent increase over QR 766 net profits for the corresponding period in [Read More]
Madison International Realty Closes $510 Million Real Estate Liquidity Fund IV NEW YORK, Feb. 22, 2011 /PRNewswire/ — Madison International Realty announced the final closing of its latest fund, Madison International Real Estate Liquidity Fund IV, LP (MIRELF IV), with $510 million of equity commitments. Madison International Realty is a real [Read More]
Trio-Tech International Has Higher Earnings in Quarter Trio-Tech International had higher earnings and revenue for its second quarter of fiscal year 2011 compared to the same quarter a year ago due to stronger product sales and better performance in its testing services and real estate segments. For the fiscal quarter ending Dec. 31, the [Read More]
Hong Kong budget to target inflation, property boom HONG KONG: Hong Kong’s coming budget is expected to offer short-term handouts to residents to soften the sting of rapidly rising prices, and further moves to try to cool the booming property market. The budget for the fiscal year beginning April 1, which Financial Secretary John Tsang [Read More]
DAMAC Properties Presents Luxury Apartment to Competition Winner Dubai: DAMAC Properties ,one of the Middle East’s leading international real estate developers, has handed over the keys of a luxury apartment to a UK couple who won it in a newspaper competition five years ago. DAMAC Properties flew the ecstatic winner Clifford Hobbs, and his [Read More]
Mystery woman bids for Thai AirAsia A mysterious Thai businesswoman said to be involved in international real estate is making a bid to acquire Thai AirAsia (TAA), an offer the budget airline’s management has called “amusing Suyawanee Duangpraow, who says she is the president of Nice Life International Co, told the Bangkok Post [Read More]
Stan Jones Santa Fe Real Estate Launches Free Mobole Santa Fe Real Estate Application For All Mobile Platforms Santa Fe, NM – February 21, 2011 – (RealEstateRama) — Stan Jones Santa Fe Real Estate/ Sotheby’s International Realty in Santa Fe, NM today announced the launch of a free mobile application and mobile web search that [Read More]
Troubled JFK Plaza Hotel on Auction Block Saddled with millions in debt by absconding owners, the five-story, 183-room, 46-year-old JFK Plaza Hotel in Jamaica, NY is on the auction block. The Bankruptcy Court-ordered sale is scheduled for March 1. Joe McCann, president of Optimum Hotel Brokerage LLC and a licensed New York real estate broker [Read More]
Marriott Climbs to Three-Year High After Planned Spinoff of Timeshare Unit Marriott International Inc., owner of the JW Marriott and Ritz-Carlton brands, rose in New York trading after saying it would spin off its timeshare operations. The company’s (Marriott International Inc.) shares climbed 1.1 percent to $41.46 at 4:15 p.m. in New York [Read More]
Real estate boom awaits Kochi KOCHI: With the commissioning of the International Container Transshipment Terminal (ICTT ) at Vallarpadam, the prices of land and buildings are all set to skyrocket as it will generate more direct and indirect employment opportunities. Kochi will become a hub for logistics professionals from India and abroad when the [Read More]
Christie’s Great Estates is now Christie’s International Real Estate Telluride Real Estate Corp. is proud to share that Christie’s has announced a corporate name change for its exclusive property brand. What was once Christie’s Great Estates is now Christie’s International Real Estate. The prime and super-prime sectors of the property [Read More]
