Irvine Co., the South California-based real estate firm run by billionaire Donald Bren, has reportedly agreed to purchase a 60-storey, 1.3 million-square feet tower in Chicago from KBS Realty Advisors for $850 million.
The U.S. real estate recovery has been slow albeit steady. This year's winter dampened what could be a good time for home investment. However, experts believe that the spring market will pick up steam.
Berkshire Hathaway Inc, the multi-national conglomerate owned by investor Warren Buffet is reportedly acquiring Intero Real Estate Services, the Cupertino-based residential real estate powerhouse.
The recent bill discussed at the senate to wind down Fannie Mae and Freddie Mac, the two government-backed lending giants, was opposed by six democrats, who said they won’t change their stand if major alterations aren’t made to the bill.
London's real estate market is in boom with prices and values reaching new highs every month. But is the market headed for a crash? Is London the West's next property bubble?
Bill de Blasio, the mayor of New York City revealed detailed plans of building and preserving about 20,000 units of affordable housing in a formal public gathering Monday.
The global interior design house Candy & Candy, Savills and Deutsche Asset & Wealth Management have together identified 12 rising cities that can surpass real estate haven in prime global cities in the next few years.
Tishman Speyer Properties, the famous real estate development company has purchased a large plot of land that could host “Hudson Spire”, the potential tallest tower of the United States and two adjacent parcels, all located at the far west side of Manhattan, New York City for a deal worth $438 million.
Housing markets have been improving across all the states in the U.S., according to a recent survey conducted by Freddie Mac, the government backed lending giant.
A recent poll by Gallup Inc, the famous research company known for its public opinion studies, revealed that Americans prefer to invest in real estate over stocks, bonds and gold when it boiled down to long term investment.
The construction cost for the 190-acre Trump Golf Links at Ferry Point in the Bronx is estimated at $236 million, or 10 times the price previously consigned to it. Authorities are blaming the spike in construction costs for the tremendous increase.
Vornado Realty Trust, the popular New York-based real estate investment firm, has announced that it will be combining its strip shopping businesses consisting of about 81 open shopping centers and four malls to create a new Real Estate Investment Trust (REIT).