Saturday, 16 November 2024

Commercial

'Property investors return to Dubai from the UAE, India and the UK

The value of property transactions in Dubai surged by 20% during 2011, reaching AED143 bn for the year

'Hong Kong property market remain subdued with unclear global outlook

Hong Kong's property market remained quiet last month with the global economic outlook still unclear and this period being a traditional low season over the Chinese New Year holiday.

'Venice: a new haven for overseas property investment

In a troubled world, we gain solace from spiritual uplift and physical beauty. Few places have the ability to touch the heart and move minds like Venice. For decades it has been a place to visit rather than one in which to buy property, but gradually things are changing. British estate agents have developed connections there, and some big money is about to arrive. "Ocean's nursling", as Shelley described it, is becoming a connoisseur's place to purchase.

EDITOR'S PICKS

'Shanghai Tower: World's Fastest Elevator Revealed for China's Tallest Skyscraper [PHOTOS]

Builders of the 2,073-foot Shanghai Tower have announced a partnership with Mitsubishi to outfit the skyscraper with a 40 mph elevator.

By Staff Reporter
'Real Property Management Prepares Franchisees for Increasing Rental Demand

Company’s annual conference Momentum 2012 and new Web site will prepare franchisees for growing need for residential property management

By Staff Reporter
'Westbrook Partners Buys Ritz-Carlton Hotel for $105 Million

Real estate firm Westbrook Partners has bought the 259-room Ritz-Carlton Hotel at 50 Central Park South for $105 million, according to city records.

By Staff Reporter
'Whitney Houston's New Jersey Mansion On Market for $1.75 Million [PHOTOS]

Whitney Houston's New Jersey mansion, the setting of her tumultuous marriage to singer Bobby Brown, is for sale, with an asking price of $1.75 million following the start's death last weekend.

By Staff Reporter
'Fountain Residential Partners to Develop Luxury Off Campus Student Housing at UNT in Denton

Fountain Residential Partners, is expected to break ground this spring on a 139 unit/427 bed student housing community adjacent to The University of North Texas in Denton.

By Staff Reporter
'Expert Claims: Spanish Property ”Sells in a Day” if Price is right

The managing director of a large Spanish real estate firm claims that property will sell in a day if priced correctly.

By Staff Reporter
'Global Corporations Believe Opportunity Outweighs Risk in Emerging Markets

For more corporate occupiers located in emerging markets, the drive remains strong despite the widespread social, political and economic unrest in 2011, according to the latest research reported today by CBRE.

By Staff Reporter
'Valentine's Day Ice Romance: 4 Winter Wonderland Hotels [SLIDESHOW]

Ever since Sweden's Icehotel opened in 1990, hoteliers have been trying to one-up the original ice palace. Here are 17 photos of 3 of the best imitators.

By Staff Reporter
'Empire State Building Owner Files for IPO

The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.

By Staff Reporter
'Empire State Building Owner Files for IPO

The new company, Empire State Realty Trust, is seeking up to $1 billion in funding for control of a dozen office buildings, including the Empire State Building, totaling 7.7 million square feet. It will trade under the symbol "ESB" and offer Class A common stock to the public. It will also have Class B stock with 50 votes per share. Anthony Malkin, scion of the real estate family, will be chairman and CEO of the new company.

By Staff Reporter
'Fourth Quarter Metro Area Home Prices Boost Affordability, Sales Improving

Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®.

By Staff Reporter
'Legacy at Millennium Park Developers Pay Off Construction Loan, Hire New Brokerage Firm

The Legacy at Millennium Park luxury high-rise is on solid ground as developers gear up for market revival.

By Staff Reporter