Investing
The Looming Global Warming Catastrophe and its Effect on Real Estate
Want House? Will Separate: Divorce Rates Soar in China on Stringent Property Taxes
Amazon Leasing 91,000 Square Feet Office Space in Downtown Vancouver’s TELUS Garden Project (VIDEO)
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
AT&T Inc., the multinational telecommunication giant is reportedly selling and leasing 9700 wireless towers located in the top 50 markets of the United States to Crown Castle International for an all-cash deal worth $4.85 billion, according to several news reports. Real Housewife of Beverly Hills Star, Marisa Zanuck Opening Real Estate Firm
Months after revealing her exit from the reality show ‘Real Housewives of Beverly Hills’, Marisa Zanuck is opening a real estate firm in Beverly Hills with Ryan Serhant of the ‘Million Dollar Listing’ fame, slated to open in November 2013. ADM Considers Moving Headquarters to Chicago, Dallas or Atlanta
Archer Daniels Midland (ADM), a major food processing giant is reportedly considering moving its international headquarters and has been touring several parts of the country in the regard. Dallas, Atlanta and Chicago were some among other states that company officials visited in recent few weeks, according to several news reports. Casa Casuarina: Various Things the Versace Mansion Could Become
Just like overambitious parents fussing over what their baby would grow up to be, the world is speculating about the future of the famous Casa Casuarina. The mansion once belonged to late fashion mogul Gianni Versace, founder of couture brand 'Versace,' and was sold to VM South Beach LLC for $41.5 million in an auction held September. Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share
The Empire State Realty Trust (ESRT) debuted on the New York Stock Exchange Wednesday, raising $929.5 million in its Initial Public Offering (IPO) pricing 71.5 million shares at $13 per unit, according to several news reports. The IPO under-performed, gaining only a modest 3 percent in early trading. Gong Aiai ‘House Sister’ Sentenced to 3 Years Prison for Real Estate Fraud in China
A rural bank deputy officer, Gong Aiai, nicknamed ‘House Sister’ was sentenced to three years of prison by a Jingbian County Court in Yulin City of Shaanxin Province in China, Sunday, September 29, for forging multiple identities to purchase properties in and around the province, according to several news reports. Mumbai’s Beach-Facing Residence Sells for Record $215,276 per Square Feet; Most Expensive Deal of India
In the latest blockbuster real estate news, a beach-facing duplex condo in the tony Darshan Apartments on Mount Pleasant Road, South Mumbai, sold for a record $9.08 million at $215,276 per square feet, according to several news sources. 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. Westfield Selling 7 US Malls to Starwood Capital Group for $1.6 Billion
Westfield Group, the Australia-based property giant has reportedly entered into an agreement to sell stakes in seven of its malls in the U.S. to Starwood Capital Group for about $1.6 billion. Westfield is selling in order to consolidate its American portfolio and raise capital to focus on planned development projects. Malkins to Go Ahead with the Empire State Building IPO Plan; Reject All Bids
After a lot of controversy, debate and delay on the decision to roll the iconic Empire State Building into a public real estate investment trust (REIT), Malkin Holdings LLC, the company that manages the building announced Friday that they will be proceeding with the Initial Public Offering (IPO) plan. They have rejected all the bids that were offered to buy the portfolio, according to several news reports.
