Investing
BMW to Move Distribution Center to Redlands, California
Victoria’s Secret to Open Two Stores in Hong Kong
FBI and HUD Raid Elias Realty Livonia and Brighton Offices
Two New York investors have filed a lawsuit against CommonWealth Real Estate Investment Trust after the company announced that that it was moving forward with its planned stock offering and debt repurchase despite their objections. Together, they own more than 10 percent of trust. Study Finds Real Estate Disparity Between White and African-Americans
A recent study by the Brandeis University found that a widening wealth gap between African Americans and white Americans is creating a real estate disparity, reported The Washington Post. Construction Companies Venturing into College Student Housing, Will The Big Risk Pay Off?
Big time home building and construction companies are expanding their portfolios and providing housing for college students, reported The Wall Street Journal. Westfield to Invest More in Overseas Retail Properties on Local Sales Droop
Westfield Group, Australia-based retail property giant, is planning to invest more in retail properties abroad as local sales look gloomy in the country. The firm has mainly targeted the U.K. and the U.S. as its prime investment locations as the commercial real estate sector is reviving in the region. Global Commercial revolution: Rise of The Hotel Industry
Economies of the world have grown dependent on each other. Not only has the onset of globalization created a mini global village but has also given a boost to the services sector and the hospitality industry. The increasing need to internationalize and reach out to a wider range of audience has augmented the commercial industry of hotels and their services. JPMorgan Chase Cutting 19,000 Jobs from Mortgage and Community Banking Units
At the first sign of sequestration, JPMorgan Chase & Co. announced they will dismiss 19,000 people from its mortgage and community banking units, reported Bloomberg Businessweek. Dismal Outlook on British House Prices Only Adds to Gloomy Economy
A poll released today by Reuters concludes dismal predictions for British house prices. The prices are expected to stagnate by the end of this year. China's Luxurious Phoenix Island's Decline Sparks Economic Concern
The Chinese island of Hainan, Phoenix Island, also dubbed the Dubai of China for its overpriced, snazzy apartments is on a self-destructive path, reported France 24. Commercial Real Estate Market Recovering Slowly
The National Association of Realtors' Commercial Real Estate Outlook, NAR, reported today that the commercial real estate market is recovering slowly, according to AGBeat. British House Prices Stagnate This Year
British house prices will stagnate until next year along with a flat-lining economy and weak pay rises, a Reuters poll found on Monday, although London prices are expected to keep climbing.
