Finance & Mortgage
Dish Closing Down 300 Blockbuster LLC Stores Across US
‘Transformer 4’ Director, Michael Bay Attacked on Hong Kong Sets by Shopkeeper Demanding Rent for Space Invasion and Disturbance
Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share
EDITOR'S PICKS
-
Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
-
US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
-
Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
-
US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
Indiana-based realtors have teamed up to form the Indiana Regional MLS which will help agents and buyers alike in their real estate endeavours. The state-focussed multiple listing service will not only eliminate costs for agents but will also ensure complete listing data accuracy and access, according to some news reports. Empire State Building REIT Seeking up to $1.07 Billion in IPO; To Debut October 1
Empire State Realty Trust Inc, the real estate investment trust that snaked its way through various controversies is all set to launch October 1. It plans to launch an Initial Public Offering (IPO) of 71.5 million shares at $15 to $13 a share, seeking up to $1.07 in its debut offering, according to a regulatory filing Thursday. Home Prices in China Continue to Rise in July despite Government Curbs
Home prices continued to rise in most major cities of China despite the stringent property curbs imposed by the government in the recent past. Prices rose in 69 of 70 major cities marking the strongest annual gains, according to several media reports. More American Homes Sold through Complete Cash Transactions: Goldman Sachs Survey
Almost all homes that sold in 2012 and in the first half of 2013 were financed by all-cash transactions, a new survey by financial firm Goldman Sachs Group found. UAE Commercial Real Estate Mapping Speedy Recovery: RICS Survey
The commercial real estate market of the United Arab Emirates has been rebounding and showing great signs of recovery, according to a recent quarter survey by the Royal Institution of Chartered Surveyors (RICS). Due to increased foreign investment and interest in the sector, the region’s growth has accelerated commendably. NAHB Report: August Sees 247 Improving Markets in US
The First American Improving Markets Index (IMI) of the National Association of Home Builders (NAHB) released Thursday the list of improving housing markets in the U.S., which included 247 metropolitan areas. President Obama Pitches Plans to Support US Housing Recovery; Overhaul Mortgage and Lending Market (VIDEO)
U.S. President Barack Obama pitched some new mortgage and lending plans to the public in his economic speech Tuesday at Dobson High School in Mesa, Arizona. In his speech he sketched out various plans to overhaul the lending market and asserted on the importance of private lending without ruling out the government involvement in the sector. The Empire State Building REIT Saga Continues; Bids Could Delay IPO
The Empire State Building in New York City is one of the most iconic and legendary structures of the country. Nothing about it is mediocre. Therefore, when Malkin Holdings LLC, the company that manages the building, decided to roll it into a public Real Estate Investment Trust (REIT), an equally controversial series of events followed. Since the Malkins victory over the opposing shareholders, continuous bids to purchase buildings part of the portfolio have been pouring in. Many affluent developers and investors have been betting some good cash on the Empire State Building alone. Brookfield Asset Management Raises $4.4 Billion for Real estate Fund Surpassing Target
Brookfield Asset Management Inc, the Canadian asset managing firm, has reportedly raise $4.4 billion for its global real estate fund. The amount is one of the largest raised since the financial crisis and has surpassed the $3.5 billion target, the company actually affixed, according to several media reports. US Home Sales Drop Unexpectedly in June; Remain at 3.5 Year High
Home sales in the U.S. witnessed a slight unexpected dip in the month of June as average mortgage rates climbed a little. However, the current figures of sales remain at a three and a half year high, according to the data released by the National Association of Realtors (NAR).
