Investing
Australian Building Permits Drop Unexpectedly in January
Green Building Trends Gaining Popularity among Business Firms, Report
Federal Reserve Seeing Banks Benefiting More Than Homeowners
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?
As China's housing market displays an extreme price gap between the biggest and the smaller cities, Chinese central banks are increasing down-payment costs and interest rates for second-home mortgages, reported Bloomberg Businessweek. BMW to Move Distribution Center to Redlands, California
German luxury auto manufacturing giant, BMW will be moving operations of the Ontario distribution center/ warehouse to the outskirts of Redland, California. Construction on the new warehouse will start in the second quarter of 2013 and is expected to be completed by 2014. Victoria’s Secret to Open Two Stores in Hong Kong
Limited Brands Inc., the owner of popular lingerie chain, Victoria’s Secret announced that it is all set to mark its debut in Hong Kong with two new planned stores in the region, later in 2013. The measure comes as demand for branded apparels and accessories have risen exponentially in Hong Kong. FBI and HUD Raid Elias Realty Livonia and Brighton Offices
The Federal Bureau of Investigation (FBI) and the Department of Housing and Urban Development (HUD) searched offices of Elias real estate and Financial Services in Livonia and Brighton in South Michigan on Wednesday, Feb.27, for a possible mortgage fraud. CommonWealth REIT Proceed with Sale of Stock Despite 2 Investors Backlash
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.
