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Morgan Stanley Hoping to Raise $3 Billion for Global Property Fund

Morgan Stanley, the international leader in financial services is reportedly gearing up to revive one of its property funds, Morgan Stanley real estate funds (Msref) to take advantage of a strengthening economy and property market. It hopes to raise capital worth $1 to $3 billion from potential investors for the global fund.

Justin Bieber Annoying Calabasas Neighborhood Residents

Once again, teen heartthrob, Justin Bieber and his famous neighborhood in Calabasas, California is in the news. However, this time it is not because some random show producer wants to invade the residents’ privacy or another celebrity buying a home in the area.

U.S. House Prices Return to 2003 Level: Case-Shiller Index

US house prices in March were up 10.9 percent from a year earlier, making it the largest gain in nearly seven years, according to report released on Monday
  • Greek Island Skorpios Sale Reviewed by State Legal Council
    The sale of Skorpios, a private island on the Ionian Sea, off the western coast of Greece is being reviewed by the Greek State Legal Council after Yiannis Michelakis, a member of the New Democracy Party raised doubts about the sale complying with the will of owner, Aristotle Onassis.
  • John Hammons, Real estate Mogul Passes Away at 94 (VIDEO)
    John Q. Hammons, one of the most prominent luxury hotels and resort developers in the U.S. breathed his last on Sunday, May 26 aged 94. He passed away peacefully at the Elfindale Manor Nursing Home in Springfield, Missouri, according to several media reports.
  • Touring Nate Berkus Associates’ ‘Converted’ Chicago Headquarters (PHOTOS)
    Interior decorator and television host Nate Berkus could best be described as “an angel who, with a wave of his hands, could transform any rubbish place into a cool, chic and an awesome area” and that is exactly what he has done to his design firm, Nate Berkus Associates headquarters in Chicago.
  • Cuba Set to Get Luxury Golf Course Project; To be Designed by Tony Jacklin
    It has been a long time since Fidel Castro, the Cuban Communist revolutionary, played a few strokes of golf with his radical counterpart, Che Guevara and fifty years since the former ordered all the golf courses to be shut down because he thought that the game was a hobby for the elites. However, times have changed and the island of Cuba has decided to cater to the demand of affluent tourists rather than comply with the late president’s orders. Cuba’s government has approved a luxury golf course project which will be designed by golfing legend, Tony Jacklin.
  • St. John’s University Selling Manhattan Campus
    St. John’s University in New York has agreed to sell its campus located at 101 Murray Street in lower Manhattan to a consortium of developers including famous builder, Steven Witkoff and real estate firm, Fisher Brothers for an amount that is expected to exceed $200 million. The consortium hopes to replace the building with condominiums, according to several media reports.
  • A Look at Nominees of 2013 Doory Awards “Converted Homes” Category (PHOTOS)
    Living in a completely renovated home, or rather, a converted home is a completely different experience. As the saying goes, “Cool is when vintage meets modern”, converted homes personify the saying quite perfectly.
  • Zsa Zsa Gabor's 'Argo' Home Sells for $11 million
    Zsa Zsa Gabor's luxurious home in Bel-Air has sold for $11 million in a court-approved deal, however the actress and her husband will be able to stay in the home for the next three years, the Los Angeles Times notes.
  • Judge Dismisses Candy Spelling Eviction Lawsuit
    Candy Spelling, widow of TV mogul Aaron Spelling can remain in her leased condo at the Carlyle Building in Westwood, California as a court Judge has dismissed her landlord’s plea to evict her from the premises of the condo.
  • Ford Closing Two Plants in Australia
    Ford Motor Co., the popular automobile manufacturing firm announced on Thursday, May 23 that it will be closing down two of its plants in Australia and will be shutting down all production in the country by October, 2016 on constant accumulated losses.
  • Asia Pacific Markets Have Highest Warehouse Rentals, CBRE report
    Warehousing and logistics rents are the highest in Asia-Pacific Markets. According to a survey conducted by CBRE Group, the world’s largest commercial real estate services firm, six Asia Pacific cities were among the top ten most expensive logistics rental areas.
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