Real Estate

  • Real Estate: The Fleur de Lys Estate In LA Sold At $102-M

    Real Estate: The Fleur de Lys Estate In LA Sold At $102-M

    Real Estate: The Fleur de Lys Estate In LA Sold At $102-M The Fleur de Lys estate just sold for $102-M, and now holds the record as the most expensive home to sell in Los Angeles  County. Socialite Suzanne Saperstein built the 50,000-sq-ft residence in Bel Air in Y 2002, and then put it on the ...
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  • Real Estate: Manhattan Apartment Prices At Record Highs

    Real Estate: Manhattan Apartment Prices At Record Highs

    Real Estate: Manhattan Apartment Prices At Record Highs The average sales price of an apartment in Manhattan reached an all-time peak at $1,773,523 in Q-1, +15% from Q-4, and 31% from Q-1 of Y 2013, according to industry reports. The average price per sq ft hit $1,363, + 16 percent from Q-4 and 24% from ...
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  • Donald Trump Dubai Real Estate Project

    Donald Trump Dubai Real Estate Project

    Donald Trump Dubai Real Estate Project For those who understand the true meaning of success, we present The Trump Estates - an exclusive gated community at AKOYA by DAMAC, the Beverly Hills of Dubai. Choose from a selection of luxury mansions and villas that pay a fitting tribute to your success. The Trump Estates finds ...
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  • Real Estate: The Most Affordable Cities Are In America's Mid-West

    Real Estate: The Most Affordable Cities Are In America’s Mid-West

    Real Estate: The Most Affordable Cities Are In America's Mid-West Recently Forbes Magazine released its list of America's most affordable cities. New York City is the priciest place to live  in the United States, on the other side of that coin Buffalo, NY is the most affordable city in the country. With a median family ...
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  • Real Estate: Singapore Property Giant Buys Sydney Landmark Bldg

    Real Estate: Singapore Property Giant Buys Sydney Landmark Bldg

    Real Estate: Singapore Property Giant Buys Sydney Landmark Bldg One of Sydney Australia's prime RE development sites was bought by a Singapore developer Thursday, in a landmark sale that "significantly exceeded" prior estimates that has the potential to "sound off like a starters pistol," for a new Sydney land investment/development rush Minister for Finance and ...
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  • Real Estate: Uneven US Housing Recovery Will Last For 5 Yrs +

    Real Estate: Uneven US Housing Recovery Will Last For 5 Yrs +

    Real Estate: Uneven US Housing Recovery Will Last For 5 Yrs + The US housing sector is likely to experience an uneven recovery over the next 5+ yrs, with some local markets coming back faster than others, according to a study released Wednesday. By Y 2018, the median price of single-family homes will be close ...
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  • Saudi Firm To Invest $100-M In Maldives Resort

    Saudi Firm To Invest $100-M In Maldives Resort

    Saudi Firm To Invest $100-M In Maldives Resort A Saudi Arabian real estate firm has announced plans to develop a resort worth US$100-M in the Maldives, local media reported Tuesday. Best Choice Real Estate Development plans to build a tourist resort in Vadinolhu Island in Laamu Atoll in order to offer lucrative investment opportunities for ...
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  • Real Estate: Emaar Debuts Luxury Apartment Complex At Dubai Hills Estate

    Real Estate: Emaar Debuts Luxury Apartment Complex At Dubai Hills Estate

    Real Estate: Emaar Debuts Luxury Apartment Complex At Dubai Hills Estate Mulberry at Park Heights comprises of 330 apartments in close to an 18-hole championship golf course. Emaar Properties announced that it has opened Mulberry at Park Heights, its 1st residential apartment complex in Dubai Hills Estate, in Mohammed Bin Rashid city. The complex will ...
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  • Dubai Real Estate: The Da Vinci Tower

    Dubai Real Estate: The Da Vinci Tower

    Dubai Real Estate: The Da Vinci Tower The Da Vinci Tower aka the Dynamic Architecture Building is a proposed 313 m (1,027 ft), 68-floor tower in Dubai, UAE, the Architect is David Fisher. The tower is expected to be architecturally innovative. Uniquely, each floor will be able to rotate independently. This will result in a constantly changing shape ...
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  • Real Estate: Home Affordability In The US A Major Problem

    Real Estate: Home Affordability In The US A Major Problem

    Real Estate: Home Affordability In The US A Major Problem Home prices spiked in the US last year making housing less and less affordable, and thus posing a major barrier for the residential real estate market, said the vice president of RealtyTrac, a real estate data website. "There's going to be a reality check in ...
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  • US Home Buyers Have 'Jumbo" Mortgage-sized Dreams

    US Home Buyers Have ‘Jumbo” Mortgage-sized Dreams

    US Home Buyers Have 'Jumbo" Mortgage-sized Dreams WFC Interest rates on jumbo mortgages used to tower over conventional mortgages because they are considered riskier. Now the rates for jumbos have dropped because of economic conditions, and are now almost on par with conventional mortgages, and sometimes lower. In addition, new federal regulations that went into ...
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  • Tenants Become Investors, Abu Dhabi Sponsors Property Rebound

    Tenants Become Investors, Abu Dhabi Sponsors Property Rebound

    Tenants Become Investors, Abu Dhabi Sponsors Property Rebound JLL Unlike Dubai, Abu Dhabi's property market rebound may have been triggered by government intervention in the market Abu Dhabi’s real estate market for may years wained next to its more dynamic, glamorous rival Dubai. That may be changing as Abu Dhabi is engineering a market recovery ...
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  • Real Estate: Chinese Buying Luxury Homes In LA As Hedges

    Real Estate: Chinese Buying Luxury Homes In LA As Hedges

    Real Estate: Chinese Buying Luxury Homes In LA As Hedges DB, FB, TWTR A street that inspired a Beatles song, Blue Jay Way, curls above Los Angeles, it is lined with mansions of concrete/ glass purched on cliffs and up against the Hollywood Hills. One  house, a mid-century bungalow with an pool and a panoramic ...
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  • Real Estate: Chinese Group Breaks Ground On A $ 1-B Project In Los Angeles

    Real Estate: Chinese Group Breaks Ground On A $ 1-B Project In Los Angeles

    Real Estate: Chinese Group Breaks Ground On A $ 1-B Project In Los Angeles Shanghai-based Greenland Group unveiled new details of its US$ 1-B Metropolis Los Angeles project at a ground-breaking ceremony Friday. The 6.33-acre project, located on Francisco Street between 8th and 9th Streets, is the largest undeveloped site in Downtown Los Angeles's Central ...
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  • Miami Beach Real Estate: Al Capone's Mansion For Sale

    Miami Beach Real Estate: Al Capone’s Mansion For Sale

    Miami Beach Real Estate: Al Capone's Mansion For Sale $BUD, $DAL One of Miami Beach's famous pieces of residential real estate is back on the market, asking price is nearly $8.5-M. The waterfront compound is where noted Chicago gangster Al Capone died after being released from Alcatraz. The 10,000-sq-ft mansion sits on exclusive Palm Island. ...
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  • UK Real Estate: Chinese Spending Spree In UK Will Create Jobs

    UK Real Estate: Chinese Spending Spree In UK Will Create Jobs

    UK Real Estate: Chinese Spending Spree In UK Will Create Jobs $JLL Chinese investment in British real estate has increased, and will continue in the coming years, industry insiders say. Dalian Wanda Group, one of China's largest and most ambitious conglomerates, plans to invest up to GBP 3-B (US$4.97-B) in regeneration projects in Britain. British ...
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  • Real Estate: Delayed Chicago Spire Tower Back On Track

    Real Estate: Delayed Chicago Spire Tower Back On Track

    Real Estate: Delayed Chicago Spire Tower Back On Track Shelbourne Development Group says it now has the funds to resume construction of the Chicago Spire, which was suspended in Y 2008. Construction of the tower, which was expected to be the tallest free-standing building in the Western Hemisphere, was halted during the financial crisis, just ...
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  • Real Estate: London Housing Market Risks Bubble

    Real Estate: London Housing Market Risks Bubble

    Real Estate: London Housing Market Risks Bubble Housing market in London is beginning to show signs of bubble-like conditions, said a research report issued by Ernst and Young Item Club Monday, while asking the government to monitor the trend closely and be prepared to intervene. The EY ITEM Club forecast showed the average house price in ...
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  • 'Nonprime' The New Subprime

    ‘Nonprime’ The New Subprime

    'Nonprime' The New Subprime Today’s subprime lenders call the loans “nonprime’”and require as much as 30% down to safeguard their investment. These lender see a opportunity for growth as tougher federal lending standards have shut out millions of Americans with poor credit from the mortgage market. “You’re going to have to make all types of ...
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  • Strong Housing Number Pressure Bank of England To Ease Stimulus

    Strong Housing Number Pressure Bank of England To Ease Stimulus

    Strong Housing Number Pressure Bank of England To Ease Stimulus Economists Wednesday said strong figures for house prices released increased pressure on the Bank of England (BOE) to ease off its stimulus for the housing market. Figures from 1 of the largest building societies in the country, The Nationwide, showed that house prices rose 0.7% ...
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  • Real Estate: Tokyo Area Condo Supply + 23.8% In 2013

    Real Estate: Tokyo Area Condo Supply + 23.8% In 2013

    Real Estate: Tokyo Area Condo Supply + 23.8% In 2013 The number of new condominiums put on sale in Tokyo metropolitan area increased 23.8%on yearly basis to 56,476 units, eclipsing 50,000 units for the 1st time in 6 yrs, local media reported Wednesday. Kyodo News cited the Japan Real Estate Economic Institute as saying that ...
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  • Real Estate: UK Property Prices Rise, Highest Since 2007

    Real Estate: UK Property Prices Rise, Highest Since 2007

    Real Estate: UK Property Prices Rise, Highest Since 2007 Asking prices for homes in Britain saw their biggest ever rise for the December-January frame, according to data reported Monday, potentially adding to concerns about the risk of a housing bubble. Rightmove's figures show the price of properties coming on to the market rose 1 percent ...
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  • $JLL, Dubai Prime Property Prices + 30% In Q-4 2013

    $JLL, Dubai Prime Property Prices + 30% In Q-4 2013

    $JLL, Dubai Prime Property Prices + 30% In Q-4 2013 Reem Island showed the highest rise in prices for the 2nd yr runnning in Y 2013, comprising around 30% of online property searches Dubai’s prime residential community prices rose by almost 30% in Q-4 of Y 2013, according to the data. Reem Island recorded the ...
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  • Shiller writess, Major Reforms Needed To Prevent Crisis

    Shiller writess, Major Reforms Needed To Prevent Crisis

    Shiller writes, Major Reforms Needed To Prevent Crisis Major reforms must be enacted, especially in the housing market, to avoid another financial crisis, says Nobel laureate economist Robert Shiller of Yale University. Preventing another financial crisis is more difficult than most people realize, Mr. Shiller wrote in a recent article. "Not only does effective crisis ...
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  • $JLL, $BX, China Investing Billions In London Real Estate

    $JLL, $BX, China Investing Billions In London Real Estate

    China Investing Billions In London Real Estate The British capital has become a destination for buyers from the Chinese Mainland, with investments having risen 1,500% since Y 2010. Chinese investment in London real estate has increased in a big way, and will continue in the coming years, industry insiders and companies said. Greenland Holding Group, a Shanghai-based and State-owned developer, announced its GBP1.2-B(US$ 1.97-B) investment in 2 overseas developmentprojects in London on 7 January. The latest deal shows Chinese companies are entering the capital’s real estate market enthusiastically. Research released last December by Jones Lang LaSalle Inc (NYSE: JLL), a Chicago, Il-based real estate service and investment company, showed Chinese investment in London real estate rose more than 1,500% since Y 2010, increasing from GBP 54-M to more than GBP1-B at the end of Q-3 of Y 2013. This increase means that Chinese investment in London real estate now accounts for more than 50% of the total figure for Chinese investment in the rest of Europe, which stood at GBP ...
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  • Rose Rock Group In $2.5-B Vietnam Real Estate Project

    Rose Rock Group In $2.5-B Vietnam Real Estate Project

    Rose Rock Group, a Rockefeller family-backed alternative investment management firm, will participate in the development a $2.5-B residential and hotel project on the South-Central coast of Vietnam. The Vung Ro Bay development covering 200,000 sq meters (2.15-M sq ft) will be developed with Vung Ro Petroleum Co., a Tuy Hoa, Phu Yen province-based Oil company, ...
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  • UAE consumer spending to reach DH 766b in 2014

    UAE consumer spending to reach DH 766b in 2014

    Dubai: The UAE economy is recovering from the property slump and the effects of global recession. According to Euromonitor International data, consumer spending has been steadily rising from Dh668 billion in 2012 to Dh715 in 2013. The spending is expected to grow to Dh766b this year, up 7% from last year. With Dubai winning the ...
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  • Foreclosures To Increase As US Housing Recovers

    Foreclosures To Increase As US Housing Recovers

    Foreclosures To Increase As US Housing Recovers As the US housing market recovers, the number of foreclosures may increase according RealtyTrac, and that is because lenders will speed up the foreclosure process and move homes to the auction block as home prices rise and more credit worthy buyers line up to buy. "Lenders know there's ...
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  • Real Estate: 2013 Was A Boom Year For Australian Housing

    Real Estate: 2013 Was A Boom Year For Australian Housing

    Real Estate: 2013 Was A Boom Year For Australian Housing As Australia's Bureau of Meteorology confirmed Saturday that Y 2013 was the hottest year on record in Australia, the real estate market in Australia saw  its Heat turned up, attracting much attention from both local and foreign buyers. Strong demand, short supply, weaker "Aussie" and ...
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  • Shanghai's Housing Market Extremely Strong In 2013

    Shanghai’s Housing Market Extremely Strong In 2013

    Shanghai's Housing Market Extremely Strong In 2013 Shanghai’s housing market was extremely strong last year as the average price hit a record and the transaction volume reached a 4-yr high, latest market data showed. Over the past year, 12.82-M sq meters of new homes were sold across the city, up 36.6% Y-Y, Shanghai Uwin Real ...
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  • Hong Kong Real Estate: Property Cooling Measures At Crossroads

    Hong Kong Real Estate: Property Cooling Measures At Crossroads

    Hong Kong Real Estate: Property Cooling Measures At Crossroads "It's little surprise that buyers are holding off purchases, because the government has no intention to loose its property tightening measures," said Buggle Lau, chief analyst of Midland Realty, a Hong Kong real estate agency. The local  market registered a strong 20% rise in home prices ...
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  • $ESRT Empire State Realty Trust Inc. Managers Sued By Investors

    $ESRT Empire State Realty Trust Inc. Managers Sued By Investors

    $ESRT Empire State Realty Trust Inc. Managers Sued By Investors The Empire State Building’s managers have been sued over claims they deprived thousands of early investors of as much as $410-M in profit when they took the iconic New York skyscraper public as part of a group of properties last October. The managers, Peter Malkin ...
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  • Foreign Cash Fuels Spain's Property Market

    Foreign Cash Fuels Spain’s Property Market

    Foreign Cash Fuels Spain's Property Market A grand edifice in Madrid's poshest shopping district, the ABC Serrano Mall is a Spanish symbol of tradition and elegance. Only it is not Spanish anymore. Like shops, offices, and apartments across Spain, it has been purchased by foreign buyers, who are streaming back a year after economists warned ...
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  • $KKR Raised $1.5-B For 1st Real Estate Fund

    $KKR Raised $1.5-B For 1st Real Estate Fund

    $KKR Raised $1.5-B For 1st Real Estate Fund Private equity firm KKR & Co LP (NYSE:KKR) said Tuesday it had raised a $1.5-B real estate fund, its first dedicated investment pool for the asset class, which is rebounding in the United States in the back of a modest economic recovery. Investors are seeking to capitalize ...
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  • Real Estate: 6.4-M US Home Mortgages Underwater

    Real Estate: 6.4-M US Home Mortgages Underwater

    Real Estate: 6.4-M US Home Mortgages Underwater Approximately 6.4-M US home mortgages were still underwater at the end of Q-3, meaning homeowners owed more on their mortgages than the homes were worth, according to a study from research firm CoreLogic. Those 6.4-M homes account for 13% of all US residences with mortgages. The number of underwater ...
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  • $TOL, US Real Estate: Million Dollar Home Sales Are Hot

    $TOL, US Real Estate: Million Dollar Home Sales Are Hot

    $TOL, US Real Estate: Million Dollar Home Sales Are Hot The sales of Million dollar homes are Red Hot in the US, experts expect gains to continue, though expected to slow a bit. Sales of homes for $1-M or more rose 31% to 8,900 units in October from Y 2012 , following a 40% spike ...
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  • Dubai Index Rises At 5-Yr High On Real Estate Rally

    Dubai Index Rises At 5-Yr High On Real Estate Rally

    Dubai Index Rises At 5-Yr High On Real Estate Rally Dubai’s main index rose to the highest in more than 5 yrs as real estate stocks extended the rally. The DFM General Index (DFMGI) climbed 0.9% to 3,186.55, the highest since October 2008, at the close in Dubai. Emaar Properties PJSC (EMAAR), the real estate ...
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  • RealtyTrac Reports US Luxury Home Forclosures Up 61% Since 2012

    RealtyTrac Reports US Luxury Home Forclosures Up 61% Since 2012

    RealtyTrac Reports US Luxury Home Forclosures Up 61% Since 2012 RealtyTrac, an online marketer of distressed properties, reported US foreclosures overall were down 23% for Y 2013 through October, but foreclosures in the $5-M+ value range rose 61% from Y 2012. America's luxury homes, those high-end dwellings priced at $5-M or more, are continuing with ...
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  • US Real Estate: Rates Rally

    US Real Estate: Rates Rally

    US Real Estate: Rates Rally Fixed mortgage rates increased this week with the benchmark 30-year fixed mortgage rate jumping to 4.35 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.36 discount and origination points. To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/. The average 15-year ...
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  • US Real Estate: Bahrain Buying

    US Real Estate: Bahrain Buying

    US Real Estate: Bahrain Buying Bahraini Investcorp announced that it purchased a number of office and retail properties in the US, The Peninsula reported. The company bought office and retail properties that total 1.6 million square feet with an occupancy rate of 92 percent for USD250 million. The company said that the properties acquired are ...
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  • US Real Estate: Mortgage Rate Falls

    US Real Estate: Mortgage Rate Falls

    US Real Estate: Mortgage Rate Falls Mortgage rates fell to the lowest level since mid-June, with the benchmark 30-year fixed mortgage rate down to 4.27 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.32 discount and origination points. To see rates in your area, go to http://www.bankrate.com/funnel/mortgages/. ...
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  • New York Real Estate: The Chinese are Coming

    New York Real Estate: The Chinese are Coming

    New York Real Estate: The Chinese are Coming FOSUF JPMorgan Chase & Co.’s (NYSE:JPM)deal to sell 1 Chase Manhattan Plaza to Fosun International Ltd. (PINK:FOSUF, HKG:0656) is the largest purchase of a New York building by a Chinese buyer, showing Asian investors’ growing appetite for US real estate. Shanghai-based Fosun, run by billionaire Guo Guangchang  agreed ...
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  • US Real Estate: Market Cooling

    US Real Estate: Market Cooling

    Housing Market Shows Signs of Cooling in Q3, Helping Some Overheated Markets Move Away From Bubble Brink Monthly Pace of Home Value Appreciation Slows in All 30 Largest Metros; Moderation Welcome in Calif. Markets At Risk of Becoming Unaffordable, According to Zillow Third Quarter Real Estate Market Reports. A summer-long cool-down in the pace of ...
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  • Debt Crisis Pushes Mortgage Rates Higher

    Debt Crisis Pushes Mortgage Rates Higher

    Debt Crisis Pushes Mortgage Rates Higher The Debt Crisis is having an effect on interest rates, especially Mortgages. Mortgage rates broke a streak of five consecutive weekly declines, with the benchmark 30-year fixed mortgage rate rising to 4.42 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.31 ...
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  • US Real Estate: Fed Creates Bubble with Money Printing

    US Real Estate: Fed Creates Bubble with Money Printing

    US Real Estate: Fed Creates Bubble with Money Printing Robert Shiller, who shared the 2013 economics Nobel prize with fellow laureates Eugene Fama and Lars Peter Hansen, said the U.S. Federal Reserve's economic stimulus and growing market speculation were creating a "bubbly" property boom. The Royal Swedish Academy of Sciences lauded the economists' research on ...
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  • Dubai Real Estate Stocks to Rally

    Dubai Real Estate Stocks to Rally

    Upswing in property prices and rents across the Northern Emirates will continue and the Dubai Real Estate stocks will follow that trend. DUBAI - Rents in Ras Al Khaimah and Sharjah have jumped 39 per cent and 34 per cent, respectively, over the past year but are "still well below the peaks" of 2008, according ...
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  • Florida Real Estate News

    Florida Real Estate News

    Value Place to invest $131 million in greater Miami, southeast Florida Value Place seeks land to build 15 new extended-stay hotels Value Place, the nation's largest economy extended-stay lodging brand, announced today it plans to invest $131 million to purchase land and develop 15 new corporate extended-stay properties in the greater Miami region over the ...
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  • Philippines Real Estate News

    Philippines Real Estate News

    The Filinvest group has unveiled a new residential brand that seeks to tap the ultra-rich segment and the maiden project is a luxurious three-tower “green” mid-rise community in Alabang that brings P6 billion worth of inventory to the local property market. Filinvest Development Corp. president Josephine Gotianun-Yap, in a press briefing on Monday, announced the ...
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  • Asian Banks Buy Dubai Real Estate

    Asian Banks Buy Dubai Real Estate

    Asian institutional investors are looking forward to buying Dubai property and fund their USD150 billion that are allocated to invest in global real estate over the following half decade, according to Arabian Business. CBRE said that Asian investors are focusing on real estate sector to maintain revenues stable although the interest rates and stock markets ...
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  • Abu Dhabi Real Estate News

    Abu Dhabi Real Estate News

    High demand for high quality developments sends average sales prices up 14 percent to 26 percent year-on-year but still 20-50 percent below 2008 peak, says Asteco Abu Dhabi Q3, 2013 real estate report; rental market mirroring sales trend with new developments attracting Dubai commuters looking to relocate. The positive sentiment witnessed in Abu Dhabi since ...
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  • Malaysia Real Estate News: StarProperty.my

    Malaysia Real Estate News: StarProperty.my

    Consumers looking to buy real estate can now turn to StarProperty.my to get a one-stop, holistic look into the dynamic Malaysian primary property market. “There’s a gap in the market for this,” said the Star Media Group’s general manager of new media, Timothy Hor. “There’s a lot of clutter on the Internet and it’s not ...
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  • Disney, Universal Style Entertainment Set To Open Near Macau

    Disney, Universal Style Entertainment Set To Open Near Macau

    DIS, CMCSA, HOT, SHTGY, GXYEY HK:3988, HK:3328, HK:1288 Hengqin Island, PCR being called China's answer to Orlando, FL, a US$5-B  resort and theme park complete with a mega rollercoaster and a whale shark tank situated on a  quiet southern island next to the world's biggest gambling hub Macau. Chimelong, which is set to partially open next month, ...
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  • Spain Offers Easy Immigration Law

    Spain Offers Easy Immigration Law

    The long awaited law granting a residency visa for international investors buying property in Spain has finally been passed. Investors spending a minimum 500,000 Euros on residential real estate or a portfolio of properties making up this limit will gain a residence visa often referred to as the "Spanish Golden Visa" or "Spanish Entrepreneur Visa". ...
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  • Las Vegas Real Estate News

    Las Vegas Real Estate News

    The Martin Las Vegas High Rise Condos for Sale Sees Increased Interest After $2-Million Re-Model According to LasVegasRealEstate.org High rise condos for sale in Las Vegas real estate market see over 26% appreciation in less than 1-year due to close out of inventory and all-cash buyers. LasVegasRealEstate.org reports strong sales at the newly remodeled luxury ...
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  • US Real Estate: Florida Has International Appeal

    US Real Estate: Florida Has International Appeal

    International real estate deals made up 8 percent of all existing homes sales in Florida over a one-year period ending in July 2013, according to Florida Realtors®' recently released "2013 Profile of International Home Buyers in Florida." By dollar volume, international real estate transactions made up 9 percent of sales over the same period. The ...
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  • Municipal Mortgage & Equity, LLC (OTCMKTS:MMAB) Trading Preview

    Municipal Mortgage & Equity, LLC (OTCMKTS:MMAB) Trading Preview

    Municipal Mortgage & Equity, LLC (OTC: MMAB) ("MuniMae", "the Company," "we", or "our") has confirmed with both the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") that the final procedural hurdles required to resume trading in our common shares are complete. As a result we expect FINRA to complete the removal ...
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  • US Real Estate: Mortgage Rates Fall

    US Real Estate: Mortgage Rates Fall

    Mortgage rates declined for a fourth consecutive week, with the benchmark 30-year fixed mortgage rate dropping to 4.41 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.27 discount and origination points. To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages/. The average 15-year fixed mortgage fell ...
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  • Jordan's Real Estate Trading + 23% In 1st 3 Quarters

    Jordan’s Real Estate Trading + 23% In 1st 3 Quarters

    Jordan's real estate trading registered a 23% increase Y-Y for the 1st 3 Quarters of Y 2013, according to official figures released Wednesday. The trading reached 4.8-B Dinars (US$ 6.8-B) compared with 3.9-B Dinars (US$ 5.5-B) in the same frame last year, the figures showed. The Lands and the Survey Department's figures indicated that its revenues ...
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  • Dubai House Prices Still a Bargain

    Dubai House Prices Still a Bargain

    Sale prices for apartments and villas in Dubai are on the rise, but their combined average price level is 42% below the Y 2008-highs, a real estate firm said Tuesday. Dubai villa and apartment sale prices rose Y-Y by 26 and 42%, respectively, real estate services firm Asteco in Dubai said in its Quarterly report. Asteco has ...
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  • Florida Real Estate News

    Florida Real Estate News

    Florida's housing market continued its positive trend in August with increased closed sales, higher median prices, more pending sales and a stable supply of homes for sale, according to the latest housing data released by Florida Realtors®. "Both sales and prices demonstrate that Florida's housing market is growing and continuing to gain strength," said 2013 ...
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  • No Fed Taper, All About Housing

    No Fed Taper, All About Housing

    Wednesday the US Fed did not taper, result, risk assets rally, and bond yields fall. The most important yield to fall is the 30-yr mortgage interest rate, which fell back to its lowest level for a month after the Fed's Wednesday announcement. One of the reasons the Fed decided to stay the course is because the prospect of ...
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  • Surprise, US Existing Home Sales Rise

    Surprise, US Existing Home Sales Rise

    Existing home sales in the US rose to 5.48-M annualized units in August from July's unrevised 5.39-M sales. Market expectations going into the report were for sales to decline to 5.25-M annualized units. The month's supply of unsold homes declined to a 5-month low of 4.9 months in August, indicating tight supply conditions in the ...
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  • Former Versace Manse Hammers for $41-M

    Former Versace Manse Hammers for $41-M

    An America landmark home, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at auction Tuesday for $41.5-M to a business group that includes the owners of the Jordache Jeans brand. The 1930s-era Mediterranean-style estate was auctioned off as part of a bankruptcy proceeding by its current owner, telecom ...
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  • New York Real Estate: 5th Avenue Skyscraper to be Seized

    New York Real Estate: 5th Avenue Skyscraper to be Seized

    New York Real Estate: 5th Avenue Skyscraper to be Seized US Prosecutors are set to seize control of a midtown Manhattan skyscraper they claim is secretly owned by Iran, the justice department said, though the ruling is to be appealed. The seizure and sale of the 36-story building, in the heart of New York City ...
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  • Aussie RE Market Heats Up In Summer

    Aussie RE Market Heats Up In Summer

    Summer may have come early for the furious Australian property market this week, with bullish insiders flagging double-digit growth on the back of the central bank's (RBA) record low rates and the growing competition here, driven by international investors. John McGrath, founder of market leading McGrath Property, said that while the stars are aligning for ...
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  • Swiss Mansions Sell at Discount, Tax Scares Expatriots

    Swiss Mansions Sell at Discount, Tax Scares Expatriots

    USB Geneva, CH: Luxury-home prices, among the highest in the country, are falling as buyers are put off by proposals to end tax breaks for foreign millionaires and the number of multinationals moving to the city slows. Houses in Geneva worth at least CHF  6-M have declined by as much as 25% in the past 12 months, according Geneva-based broker,  Barnes ...
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  • UAE Addresses Imbalance in Real Estate Market

    UAE Addresses Imbalance in Real Estate Market

    The governments of Abu Dhabi, Dubai and Sharjah in the United Arab Emirates have in recent months stepped up their fight against imbalances in the country's real estate market, local media reported recently. The Abu Dhabi government has issued a law saying that government staff, Emirati nationals and foreigners alike, have to live in Abu ...
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  • Luxury Real Estate, Southern California Bargains

    Luxury Real Estate, Southern California Bargains

    TRLA London is the top market for international mansion investors, money is moving to the United States because property is still relatively cheap by global standards. London luxury homes sold for $3,890 to $4,300 a sq ft ($41,900 to $46,300 a sq meter) in Q-4 of last year compared with $2,030 to $2,240 in New York and ...
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  • Cuba Sees Budding Housing Boom

    Cuba Sees Budding Housing Boom

    Cuba is beginning to experience a housing boom, thanks to government policies which aim to encourage private construction and home improvement. About 49% of all Cuban homes, estimated to number 3.07-M units, are considered to be in poor or so-so condition, according to a report from the National Housing Institute. In addition to a sharp ...
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  • US Single-family Mortgage Delinquency Rates Hit 5-yr Low

    US Single-family Mortgage Delinquency Rates Hit 5-yr Low

    US delinquency rates for mortgage loans on single-family residential properties went down to the lowest level since mid-Y 2008 in the Y 2013, according to a report released Thursday. The Mortgage Bankers Association (MBA) found in the report that in the second quarter the seasonally adjusted delinquency rates dropped to 6.96%, down 29 bts from the ...
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  • Real Estate; Dubahi Rising Rents Spark Reverse Relocation Trend in UAE

    Real Estate; Dubahi Rising Rents Spark Reverse Relocation Trend in UAE

    Residents who work in Dubai but chose the neighboring Emirate of Sharjah as their place to live because of its cheaper rents see their business model faltering as rising rents and road toll gates inflate monthly expenses. According to a report released on Sunday by real estate firm Asteco, rents in Sharjah rose 16% in ...
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  • Los Angelse Real Estate; China’s Shanghai Greenland Group Buys Stake in Los Angeles Project

    Los Angelse Real Estate; China’s Shanghai Greenland Group Buys Stake in Los Angeles Project

    XIN, CBG, MPG, JWM Shanghai Greenland Group Co., the developer building one of China’s tallest towers, is investing $1-B in a downtown Los Angeles project, the latest Chinese builder to venture into the US real estate market. Shanghai Greenland signed an agreement to acquire a stake in the project from California State Teachers’ Retirement System ...
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  • London Real Estate: Luxury Homes’ Average Value Climbs Above GBP 2-M

    London Real Estate: Luxury Homes’ Average Value Climbs Above GBP 2-M

    LSLPF, JLL, LO: SVS The average value of luxury homes in central London exceeded GBP 3-M for the 1st time in Q-2 as more purchasers competed for a smaller number of properties on the market, Marsh & Parsons Ltd. said. Home values in prime locations from Chelsea to Kensington rose 9.3% in the 12 months through ...
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  • Approval Pending for World's Tallest Skyscraper

    Approval Pending for World’s Tallest Skyscraper

    The property developer behind plans for the world's tallest skyscraper, to be built in Changsha, Hunan province, said Thursday that the project is still  awaiting final approval from government authorities. "So far, the project has already received some qualified assessment results, such as the construction and possible wind effects on the building," said Zhu Linfang, spokesman for ...
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  • US New Home Sales Up in June

    US New Home Sales Up in June

    The US Census Bureau released data on new single-family home  sales for June Wednesday. Sales rose 8.3% M-M to a seasonally adjusted annual  rate of 497,000, from a downwardly revised May sales figure of 459,000. Economists expected a seasonally adjusted annual rate of 481,000. The  June rate is 38.1% above the rate for June 2012. At ...
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  • Wayne Hughes’s American Homes 4 Rent (NYSE:AMH) Seeks $794-M in IPO

    Wayne Hughes’s American Homes 4 Rent (NYSE:AMH) Seeks $794-M in IPO

    PSA, AMH, SPG, AMT, BX American Homes 4 Rent, a real estate investment trust (REIT)  led by Public Storage (NYSE: PSA) founder Wayne Hughes, 79 anni, filed to raise $794.1-M in a US initial public offering. The housing landlord, based in Malibu, California, is offering 44.1-M shares at $16 -18 each, according to a regulatory filing ...
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  • US Real Estate, Home Flippers Are Back

    US Real Estate, Home Flippers Are Back

    The Home Flippers went underground during the housing bust, but they are now making a comeback. And they may be helping the housing market recover instead of destabilizing it. The research firm RealtyTrac recently issued its mid-year flipping report, which shows that investors flipped more than 136,000 single-family homes during 1-H of Y 2013. That’s ...
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  • US Real Estate: Mortgage Rates Pull Back

    US Real Estate: Mortgage Rates Pull Back

    Disappointing reports on retail sales and housing starts were enough to pull mortgage rates back from last week's 2-year high, with the benchmark 30-year fixed mortgage rate sliding to 4.56 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.31 discount and origination points. To see mortgage rates ...
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  • Singapore Real Estate, Banks Raise Interest Rates for Home Loans

    Singapore Real Estate, Banks Raise Interest Rates for Home Loans

    AZABY, C Some of the banks in Singapore have recently raised the interest rates for fixed rate home loans they offer, a local newspaper reported Wednesday. Maybank (MU:EZF) raised its 3-yr fixed rate for a mortgage by 0.1 percentage point Monday, while ANZ (PINK:ANZBY) lifted its 2 yr rate by 0.17 percentage point, the Straits Times reported. ...
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  • US Real Estate, Home Buying Affordability Still High

    US Real Estate, Home Buying Affordability Still High

    Rising US home mortgage interest rates have not had a strong impact on housing affordability yet. However, in Washington, DC, and Hawaii current house prices are not yet unaffordable based on median home prices and median income levels. The data comes from the latest research from CoreLogic Inc. (NYSE: CLGX), in which the research firm says, “Nationally, housing ...
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  • China Real Estate, CapitaMalls Asia purchases 10th Mall in Beijing

    China Real Estate, CapitaMalls Asia purchases 10th Mall in Beijing

    CRRFY, GPS CapitaMalls Asia, property major CapitaLand's subsidiary focusing on shopping mall development and operation, announced Monday its 10th Mall in China's Beijing city. The announcement posted on its website said the mall, named Grand Canyon Mall, was located along South Third Ring West Road in Fengtai District. The purchase will cost the company a ...
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  • Oriental DreamWorks(NASDAQ:DWA) to Build Indoor Theme Park in China

    Oriental DreamWorks(NASDAQ:DWA) to Build Indoor Theme Park in China

    A Joint Venture between DreamWorks Animation and its Chinese partners is preparing to open an indoor theme park in China, a move to test the water in the budding market. The theme park is scheduled to showcase animated figures created by the U.S. cartoon studio, including characters from Hollywood blockbuster "Kung Fu Panda," revealed Shuai ...
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  • US Real Estate News

    US Real Estate News

    Homeowners in the U.S. paid a median price of $110,000 for their homes, according to a 2011 American Housing Survey profile released today. This is an increase of 2.3 percent from the $107,500 reported in the 2009 survey. The median purchase price of homes constructed in the past four years was higher at $235,000, down ...
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