Investing

Bank of America Sells Wake Forest University Charlotte Center For $72.5 Million to Alliance Partners

Bank of America Corp reportedly sold Wake Forest University Charlotte Center building to Alliance Partners, affiliate of the commercial real estate investment firm The Schidler Group, for $72.5 million, reported Charlotte Business Journal.

Luxury Residential Prices Soar in Indonesia: Knight Frank Wealth Report

In the latest Wealth Report of real estate research firm, Knight Frank, two Indonesian cities were ranked the top regions where prices for luxury prices rose the most. Bali and Jakarta topped the list of the 20 where prices of luxury cities residential real estate grew in 2012.

Fannie Mae and Freddie Mac to Jointly Form New Securitization Company

The Federal Housing Finance Agency (FHFA), regulator of the government-backed mortgage firms, Fannie Mae and Freddie Mac announced on Monday, March 4 that operations of the two companies will be combined to form a separate entity that will look after securitized home loans.