Buy & Sell

New Regulation to Hit Number of Franchisee Stores in Indonesia

The Trade ministry of Indonesia has announced a new regulation limiting the number of stores or outlets a master food franchisee can hold in the country. The new regulation comes as an effort to avoid monopoly in the market and encourage local and small businesses. The new regulation will drive some of the major franchising players like KFC and McDonalds to cut or slow down on outlet expansions in the country.

Kardashian Sisters Selling $14.5 Million "Kourtney and Kim Take Miami" Home

The Kardashian sisters' are selling their South Florida home for $14.5 million, reported Zillow blog.Kardashian Sisters Selling $14.5 Million "Kourtney and Kim Take Miami" Home

Morgan Stanley Real Estate Fund Buys Moscow Mall for $1.2 Billion

Morgan Stanley Real Estate Investing (MSREI) has purchased a commercial mall in Moscow, Russia for a huge $1.2 billion. The Metropolis Mall is located in the Northwest of Moscow and is the largest commercial deal of Russia till date.
EDITOR'S PICKS
  • Tishman Speyer Wants More Deals with China Vanke
    Just recently, news was out of China’s leading property development firm, China Vanke Company making its debut into the U.S. property market with a partnership deal with American real estate company, Tishman Speyer. With the partnership deal in its kitty, Speyer now hopes to rope in more joint ventures with Vanke.
    By Rapti Gupta
  • Iraq’s Real Estate Boom Will Offer Extensive Growth Opportunities to Foreign Investors
    Iraq’s real estate sector has come a long way. Post the fall of Saddam Hussein, property prices have risen exponentially in the country leading to a real estate boom. However, this boom will provide maximum opportunities for foreign investment and growth in the area.
    By Rapti Gupta
  • Architect of Ground Zero Condemns Building for Despots
    A leading architect from his own country and the Western world criticized architects who are willing to "build gleaming streets for despots," reported The Independent.
    By Ansa Varughese
  • Haylie Duff Unloads Toluca Lake Home at a Loss
    Haylie Duff, famous sister of equally famous singer/actress Hillary Duff has sold her Toluca Lake home in Los Angeles for $1.7 million. The older Duff had listed the home sometime in September 2012 asking for $1.8 million. The modest home has now sold at a slight loss.
    By Rapti Gupta
  • Kim Kardashian and Kanye West Sell Bel Air Manse at $1 Million Profit
    Famous socialite Kim Kardashian and rapper boyfriend Kanye West have sold their Bel-Air Mansion for $12 million that they recently purchased for $11 million making a profit of a full $1 million.
    By Rapti Gupta
  • MGM Resorts International Contemplating CityCenter Mall Sale
    MGM Resorts International, the largest casino operator in Las Vegas is looking to sell parts of its property in the CityCenter complex on the Las Vegas Strip to get out of its “immense” debt. Potential buyers have already started approaching the management with proposals to purchase one of its luxury malls - The Crystals Mall worth $8.5 billion.
    By Rapti Gupta
  • Amy Smart Drops $2.5 Million on Beverly Hills Home (VIDEO)
    The “Shameless” actress, Amy Smart has dropped a cool $2.5 million on a property in Beverly Hills. The model turned actress purchased the property recently with host husband Carter Oosterhouse and plan to settle down in the home.
    By Rapti Gupta
  • Matthew Perry Sells Hollywood Hills Home for $4.7 Million
    Chandler Bing of the “Friends” fame, Matthew Perry has finally sold his Hollywood hills home for a cool $4.7 million. He had listed it in September 2012 asking for $5.3 million. However, he cut off a little chunk of the price as the property sat unclaimed for four months.
    By Rapti Gupta
  • Live Nation CEO Purchases Properties Worth $15 Million in Los Angeles
    The CEO of entertainment and concert company, Live Nation Entertainment, Michael Rapino has dropped around $15 million for two properties in Brentwood, Los Angeles. Together, the two properties claim a square footage of nearly two acres. Rapino purchased the two adjacent plots from financier John Rocchio who first listed the lots in November 2012.
    By Rapti Gupta
  • Foreign Investors Jumping into US Rental Market
    As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors.
    By Rapti Gupta
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